InvestorQ : What are your good trading tips for 25 August in the equity markets? I am asking especially after the sharp Nifty rally in last few days?
Arti Chavan made post

What are your good trading tips for 25 August in the equity markets? I am asking especially after the sharp Nifty rally in last few days?

Answer
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diksha shah answered.
2 months ago


I don’t think the worry should be the Nifty as it could move till 11,800 for now. Financials and auto were the key drivers on Monday. The rupee got a sharp boost with FII flows in excess of Rs.42,000 crore in the month of August. Here are some tips for the day.

· Trades can loom to accumulate Adani Enterprises at Rs.248 for upside targets of Rs.300 in one quarter, on the back of the proposed MIAL acquisition.

· I reiterate my old call on Bandhan Bank. Look to pick up the stock around Rs.295 for targets of Rs.360 as the withdrawal of restrictions on the bank plays out positively.

· BHEL could be a star in the coming weeks so look to buy around Rs.40 for targets of Rs.60 in one quarter, as BHEL becomes a preferred outsourcing partner.

All eyes will be on the RBI for clarity on withdrawal of EMI and the proposed restructuring plans. AGR case continues to be inconclusive.