InvestorQ : What are some really good trading tips in stock markets for 14 July 2020? Will the Reliance Rally continue?
Dilmini Mercia made post

What are some really good trading tips in stock markets for 14 July 2020? Will the Reliance Rally continue?

Answer
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diksha shah answered.
3 months ago


Most private banks came under pressure and traders must be cautious about more vulnerable private banks. Regarding your query on the Reliance rally, it will depend on any special announcements in the AGM scheduled on 15 July. Here are some trading tips.

· Look to exit ICICI Bank, Axis, Bandhan Bank and IndusInd. After the HDFC Bank issue on the vehicle financing division, the private banks with higher NPAs could get hit.

· Buy Bodal Chemicals at Rs.73 for target of Rs.95 in 1 month. Specialty chemicals had limited impact of COVID and will benefit from global reduction in China sourcing.

· I reiterate my Buy call on Karnataka Bank at Rs.46 for targets of Rs.65. Quarterly results affirm the turnaround in its performance and that could work in its favour.

The next big cue to watch out for will be the Reliance AGM on 15 July. Traders need to keep their fingers crossed ahead of this meet.