InvestorQ : What are your stock recommendations and trading tips for 24 August? I am willing to hold stocks up to 3 months?
Aditi Sharma made post

What are your stock recommendations and trading tips for 24 August? I am willing to hold stocks up to 3 months?

Answer
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diksha shah answered.
2 months ago


After a very long time the volatility index or VIX has dropped below the 20-levels and this is seen as a normally positive signal for Nifty to take support. Also FIIs have infused Rs.40,000 crore into equities in August and remains the most promising month. Here are some tips.

· I suggest buying BHEL Rs.40 for 3 month targets of Rs.60-65 on the stock. BHEL will be a big beneficiary of Make in India as global players will seek BHEL to outsource production

· Time to reverse long to short on Tata Steel. You can look to sell Tata Steel around Rs.430 for targets of Rs.380. You can use short futures with SL or by put options

· I reiterate my accumulate idea on Coal India at Rs.137 levels for targets of Rs.160 in one month time frame. It could benefit from re-rating of the power sector and of PSUs

Last week was all about mid caps and small caps and that story is likely to continue this week. I will keep sharing good mid cap ideas with you.