InvestorQ : Hi Diksha, do you have any specific stock trading tips for Monday, 12 October? Any sectors you suggest are looking good?
swati Bakhda made post

Hi Diksha, do you have any specific stock trading tips for Monday, 12 October? Any sectors you suggest are looking good?

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diksha shah answered.
2 weeks ago


Sectorally, I see most of the action concentrated in banking stocks and also in IT stocks as results start flowing in during the week. Here are some stock trading ideas.

· You can look to buy SBI which looks reasonably priced and attractively poised. It specifically looks good after the accommodative policy announced. Even SC is expected to favour banks in the EMI case. Buy SBI at Rs.198 for targets of Rs.225 in one month.

· A dark horse in this market can be Snowman Logistics. You can look to buy Snowman at Rs.39 with upside targets of Rs.55 in the next 3 months. Snowman is likely to be one of the big beneficiaries from the new agri policy’s thrust to post harvest infrastructure.

· Out of our open positions in the market, you can look to close out and book profits on Bank of Baroda if you get Rs.46-47 levels on the stock. All the remain stocks that are part of my recommendation stack can be held on to.

Global cues are likely to broadly favour the IT and banking stocks as the Nifty could actually close decisively above the 12,000 mark with confidence and volumes.