InvestorQ : What are some profit making trading ideas for 19 August? Also I bought HAL at 990 on your recommendation, can I now book profits?
indhumathi Sayani made post

What are some profit making trading ideas for 19 August? Also I bought HAL at 990 on your recommendation, can I now book profits?

Answer
user profile image
diksha shah answered.
2 months ago


The good news may be that the Nifty may have finally broken 11,200 decisively though we may still have to wait for confirmation. The good news is that FPIs have infused over Rs.30,000 crore into Indian markets and that is likely to hold the Nifty. Now for the tips!

· My top pick of the day is SBI Cards at Rs.820 for higher targets of Rs.900 in one month time frame. It is the best play on the return of consumer spending post lockdown.

· Take profits off the table, not only HAL, but in a host of other stocks too like Tata Steel, INOX Leisure, Astra Microwave and Grasim, if you haven’t already. Wait for clarity.

· Continue to accumulate HDFC Bank at Rs.1030 which looks reasonably priced for upside targets of Rs.1120 in a month’s time once there is clarity on EMI moratorium.

The Nifty has given the first signal of going into a higher zone and the Dow back at record levels will only help.