InvestorQ : Do you have any good trading tips for 02 September and would you suggest buying telecom stocks after the Supreme Court order?
manisha Kolvenkar made post

Do you have any good trading tips for 02 September and would you suggest buying telecom stocks after the Supreme Court order?

Answer
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Crowny Pinto answered.
4 weeks ago


The markets rallied on Tuesday on the back of the AGR order that gave 10 years time for the telcos to pay up. However, you must be a little cautious as the liability has not changed. Also, the liability of spectrum acquired is still not certain. Here are some trading tips.

· Buy NTPC at Rs.100 levels for targets of Rs.125 and 6 month targets of Rs.150 on the stock. NPTC could be the big power beneficiary as it gets access to cheap capacity.

· Buy BEML Rs.685 for upside targets of Rs.800. BEML is one of the big beneficiaries of the recent defence orders considering its expertise in making truck launchers.

· Be cautious and even short on ONGC after their disappointing results. Traders can look to sell ONGC around Rs.80 for lower targets of Rs.68 target in a month.

The good news is that the market has bounced sharply on Tuesday despite the uncertainties regarding the new margining system and the non-extension of EMI moratorium. That may be the good news for the markets.