InvestorQ : Do you have some good trading tips for 31 August? Thanks for Sequent Scientific, which I bought at Rs.85 and sold at Rs.133 in 3 months. Can I get more like that?
Chandralekha Desai made post

Do you have some good trading tips for 31 August? Thanks for Sequent Scientific, which I bought at Rs.85 and sold at Rs.133 in 3 months. Can I get more like that?

Answer
user profile image
diksha shah answered.
4 weeks ago


Good to hear that you made profits on Sequent. I am sure you also took the call on Hindustan Aeronautical or HAL that gave 40% in less than a month. For now, you can look for buying opportunities as the market is likely to remain positive till 12,000 on Nifty.

· Buy UPL at Rs.520 for upside targets of Rs.580 in next 2 months. With a good Kharif and an expected bumper Rabi, UPL could be the big beneficiary this time around.

· Buy BHEL at Rs.41 for upside targets of Rs.55 in 1 month time frame. BHEL is still the most likely outsourcing candidate for global players under the Make in India plan.

· Buy Federal Bank at Rs.60 for targets of Rs.80 in one quarter. This is the most reasonably priced among the old private banks with the least asset quality problems.

The tide of the market appears to have decisively turned positive although 11,800 and 12,000 on the Nifty will be a resistance along the way. It is now all about liquidity.