InvestorQ : Do you have some good weekend trading tips? I am planning to buy some stocks for delivery on 07 August in trading?
Niti Shenoi made post

Do you have some good weekend trading tips? I am planning to buy some stocks for delivery on 07 August in trading?

Answer
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diksha shah answered.
2 months ago


Normally, it is always advisable to stay quiet over the weekend as it is not a great idea to take weekend risk. However, in the light of the monetary policy, you can look at some very specific stocks in focus that you can trade on. Here are some trading ideas for 07 August.

· Buy Manappuram at Rs.156 for target of Rs.200 in one month. RBI decision to increase the gold LTV ratio from 75% to 90% will open up a huge opportunity for gold lenders.

· I suggest accumulating Bandhan Bank in Rs.300-310 range considering the huge institutional appetite for the stock and control on NPAs. Target Rs.375 on the stock.

· Buy M&M Financials at Rs.135 for target of Rs.170. Apart from the rights story, M&M Financials also benefits from easier restructuring options provided to NBFCs.

While the weekend pressure will be there on the markets, you can look at these monetary policy beneficiaries from a 1-2 months perspective.