InvestorQ : Can you please share with me some good trading tips for the stock markets on 18 August? I am looking for short term profit ideas?
Arusha Ray made post

Can you please share with me some good trading tips for the stock markets on 18 August? I am looking for short term profit ideas?

Answer
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diksha shah answered.
2 months ago


MPC minutes on 20 August will give a much clearer picture of the trajectory of the rate. The markets will also be keen to see how much GDP contracts in the Jun-20 quarter. FPIs have been buyers in August and that is a sentimental booster.

· Buy HDFC Bank at Rs.1030 for short term targets of Rs.1120 in a one-month time frame as it has the best liability mix to capitalize on the post moratorium growth phase.

· Bandhan Bank could be the dark horse and if you missed at Rs.305, you can buy now at an even better rate of Rs.288. Target Rs.430 in 1 quarter on RBI restrictions withdrawal.

· I reiterate my buy call on Biocon at Rs.394 for targets of Rs.450. The hidden value of key units like Syngene and Biocon Biologicals will better reflect going ahead.

Global markets have been mixed with positive cues from Europe and NASDAQ but pressure on the Dow. The SGX hints at a strong opening on 18 Aug.