InvestorQ : Hello, Diksha Ma’am, can you please share with me some of the trading calls for Monday 21 September?
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Hello, Diksha Ma’am, can you please share with me some of the trading calls for Monday 21 September?

Answer
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diksha shah answered.
1 month ago


In the absence of fresh cues, the Nifty is likely to remain more stock specific with limited macro level trends. In a range bound market, the Indian market can really look forward to cues from the Asian and European markets. Here are some trading ideas.

· Buy Cadila Healthcare at Rs.409 for target of Rs.450 in one month. Cadila is also licensed to manufacture and distribute Remdesivir and that will be a boost for the stock.

· Buy Glenmark at Rs.505 for targets of Rs.550. With cases less severe and more asymptomatic, Favipiravir could see greater demand due to robust testing.

· One way to play the green theme is to buy Amara Raja Batteries at Rs.755 for target of Rs.810 in one month as the demand for batteries of green cars is likely to spurt.

For the day, the action could remain focused on pharma sector and the markets are also hoping for some big announcements from Reliance on the stake sale front.