InvestorQ : What are the major trading tips and stock market ideas for specific stocks on Monday the 05 October?
Ria Jain made post

What are the major trading tips and stock market ideas for specific stocks on Monday the 05 October?

Answer
user profile image
diksha shah answered.
2 weeks ago


In the truncated previous week, the markets did make some gains with Nifty closing at above 11,400 levels. This was built on the back of an expected stimulus in India and the US. However, US markets have been apprehensive. Here are some trading ideas.

· You can buy Bank of Baroda around Rs.41-42 for short term targets of Rs.58-60 in 2 months time frame. BOB could be a key beneficiary if GOI picks up the moratorium bill.

· IGL at around Rs.400 look good for a short term buy with targets of Rs.440 in 1-2 month time frame. It is poised to benefit from the 25% cut in gas prices already announced.

· For trades willing to take higher risk, buy Adani Green around Rs.750 for targets of Rs.850 in 1 month. It is advisable to keep a stop loss below Rs.730, considering volatility.

The Supreme Court verdict on the interest on interest factor is expected today. Banks would look for a waiver with the government picking up the bill.