InvestorQ : Can you give me some super trading tips for trading in stocks on 13 July 2020? Will the Nifty manage to cross 11,000 levels?
Ria Jain made post

Can you give me some super trading tips for trading in stocks on 13 July 2020? Will the Nifty manage to cross 11,000 levels?

Answer
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diksha shah answered.
2 months ago


Let me talk about 11,000 levels first. Nifty struggled around 10,800 levels on Friday. Even though RIL was strong, the Nifty has become overly dependent on the stock. The Nifty index will have to sustain above 10,800 with volumes to break 11,000. Here are some trading tips.

· Buy Sun Pharma at Rs.490 for targets of Rs.530 in one month. With a strong quarter performance in the non-US markets, Sun Pharma looks reasonably priced.

· If you can hold for 3 months, buy Karnataka Bank at Rs.46 for targets of Rs.65. The latest quarter results affirm the bank is seeing a turnaround in performance.

· I repeat my call on NMDC, which you can buy at Rs.85 for targets of Rs.110 in couple of months. Apart from riding metals demand, the stock offers a solid dividend yield.

Rossari IPO is hitting the market, the first IPO since SBI Cards. This could be a critical data point combined with the Yes Bank FPO.