InvestorQ : Do you have some really good trading tips for trading on 11 August? You can give me tips with holding period of up to 3 months?
Priyanka N made post

Do you have some really good trading tips for trading on 11 August? You can give me tips with holding period of up to 3 months?

Answer
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diksha shah answered.
2 months ago


On 10 August the market rally was all about defence stocks and pharma stocks. Defence stocks literally got a big boost after Rajnath Singh embargoed 101defence items from imports. The big Dow rally on Monday could be a sentiment booster on 11 August.

· Buy Kirloskar Oil Engines at Rs.107 with target of Rs.145 in 2 months. With the strong monsoons and a robust Kharif forecast, Kirloskar Oil could get a big boost.

· Buy INOX Leisure at Rs.230 for target of Rs.305 as normalcy looks set to return by next quarter. INOX is also relatively underpriced when compared to PVR.

· Time for a defence stocks portfolio. You can include Bharat Dynamics, Rs.435, HAL, Rs.1025, Walchandnagar, Rs.54 and Astra Micro, Rs.114 for embargo story.

With the major production uncertainties, the big trigger could be the IIP numbers expected to be announced on 11 August evening.