InvestorQ : Do you have any good stock trading tips for 22 October? Also, should I hold positions or exit them when I get the opportunity?
Riya Dwivedi made post

Do you have any good stock trading tips for 22 October? Also, should I hold positions or exit them when I get the opportunity?

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diksha shah answered.
1 month ago
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Let us first look at some idea to cover profits in the next few days as the Nifty gets closer to 12,000 levels. The rally could face some resistance at around 12,000 levels of the Nifty so traders should lighten their positions one round in this week. Let us watch the market for now.

In terms of specific stocks, look at Hindalco at Rs.185 for targets of Rs.210 in one month on the upside on a very conservative basis. The sharp upturn in Chinese GDP in the second quarter is likely to be conducive to greater demand for base metals and higher prices on the LME. This is likely to boost numbers for Hindalco.

ยท I reiterate Vedanta as an attractive buy at Rs.99. Out of the total HZL dividend payout of Rs.9050 crore, nearly Rs.5800 crore will flow into the coffers of Vedanta. Traders can target Rs.125 on the stock in the next one month, but delisting is out for the time being.

There is one more point for you to keep a watch on. The government had just approved Rs.3737 crore to state employees. It may be small but it is a signal in the right direction that the state is willing to boost consumption. If that happens, look for consumer finance plays.

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