InvestorQ : Do you have any good stock tips for the 07 July 2020? I am also having some profitable positions in M&M, what should I do?
Dilmini Mercia made post

Do you have any good stock tips for the 07 July 2020? I am also having some profitable positions in M&M, what should I do?

Answer
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diksha shah answered.
3 months ago


Sensex moved up 460 points on Monday after there was a truce between India and China and both decided to withdraw troops from the Line of Actual Control. This is a big boost for the market as any immediate risks for the market are out for now. Here are some tips.

· Buy Century Textiles at Rs.320 for higher targets of Rs.380. Post restructuring, the stock does look a good bet. You can place a stop loss slightly below Rs.300.

· Regarding your query on booking profits, I suggest you book partial profits on M&M at around Rs.575, BHEL at Rs.43 and Vedanta you can book profits at Rs.110 levels.

· I would reiterate life insurance as the big story and suggest buying HDFC Life at Rs.572 for targets of Rs.630. Nifty inclusion will be the added bonus.

The Indo China peace overtures should be positive for the market sentiments and that should drag the Nifty closer to the 11,000 mark.