InvestorQ : How do I profitably trade on 20 August? Can you share some trading tips for the day?
Rashi Mehra made post

How do I profitably trade on 20 August? Can you share some trading tips for the day?

Answer
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diksha shah answered.
2 months ago


Nifty has settled above the 11,400 mark and the Fed liquidity push is likely to be positive. FIIs have now infused over Rs.30,000 crore into India in the last 20 days and that is a major positive for the Indian markets. Here are some solid trading ideas for 20 August.

· It is time to buy GAIL at Rs.101 for targets of Rs.125 in one quarter. The big shift towards gas in the overall energy mix will be a big boost for the stock.

· Tata Chemicals can be bought at Rs.313 for targets of Rs.360 in a quarter. Stock is at less than 2X P/E ratio and will benefit from the caustic soda shortfall in India.

· I reiterate my buy call on SBI Cards at Rs.820 for targets of Rs.900 in one month time frame. SBI Cards is one of the best listed plays aligned with consumer spending theme.

While Fed has hinted at liquidity push in its minutes, all eyes will be on the MPC minutes to be announced today as it would set the stage for the rate trajectory.