InvestorQ : What are your best trading tips for the trading on Tuesday, 29 September?
Lavanya Subramanian made post

What are your best trading tips for the trading on Tuesday, 29 September?

Answer
user profile image
diksha shah answered.
3 weeks ago


The rally continued on Monday where it had left off on Friday. After gaining 820 points on Friday, Sensex gained another 500 points on Monday recovering over 50% of the loss in the previous week. However, FPIs continued to be net sellers through this bounce. RBI has taken a surprising decision to put off the announcement of monetary policy on 01 October as 3 out of 6 members had completed their terms and new members were yet to be appointed. Here are out top picks for the day.

· You can now look to buy Tata Motors at Rs.133 for targets of Rs.165 in couple of months. The monetization of the digital property of Tata group is likely to be instrumental in substantially reducing the debt of Tata Motors.

· I reiterate a positive call on Camlin Fine Chemicals at Rs.106 for upside targets of Rs.125 in 1 month on heavy demand for the specialty chemical for the pharma and oil sector.

· I also reiterate my buy call on API and bulk drug stock Shilpa Medicare at Rs.565 for upside targets of Rs.650 on the stock with an approximate 2 months time frame.

There were not too many surprises expected in the October monetary policy so the action would now shift to the current account and fiscal deficit data this week.