InvestorQ : Can you help me with some good and solid trading tips for trading in the stock markets on 30 June 2020? I don’t want too long term ideas?
Arti Chavan made post

Can you help me with some good and solid trading tips for trading in the stock markets on 30 June 2020? I don’t want too long term ideas?

Answer
user profile image
diksha shah answered.
3 months ago


For 30 June, the markets are likely to be positive in the back of global cues. Focus on stocks in the pharma and FMCG space as they are showing the best traction. The extension of lockdown is expected so don’t worry too much about it.

· I suggest buying into Grasim at the Rs.620 levels for targets of Rs.740 in one quarter time frame. The holding company discount may be unfair and could offer good value.

· Buy Cipla around Rs.640 for targets of Rs.700 in one month time frame as the latest diabetic drug deal with Boehringer Ingelheim could be a growth and value booster.

· I repeat my call on ITC to be bought for targets of Rs.220 in one month time frame. FMCG segment takes the lead from traditional cigarettes and that is positive.

Global markets have given positive offshoots and that is likely to show up in the markets on 30 June as markets are likely to trade in the positive.