InvestorQ : What are your top-stock picks for 28 August? As we approach the weekend, can I have some medium term trading tips in stocks?
Arusha Ray made post

What are your top-stock picks for 28 August? As we approach the weekend, can I have some medium term trading tips in stocks?

Answer
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diksha shah answered.
2 months ago


The action on Thursday was largely in auto stocks and financials with TAMO continuing its dream run on debt reduction hopes. In terms of sentiments, the new Fed policy paper should be positive for Indian markets in terms of liquidity and rates trajectory.

Since you have asked for specific stocks from an extended perspective, here are some stocks I continue to be positive with some eventual targets shown for you.

· Mahindra & Mahindra (Eventual Target – Rs.720

· Cipla Ltd (Eventual Target – Rs.900)

· Grasim (Eventual Target – Rs.775)

· Bandhan Bank (Eventual Target – Rs.440)

· Adani Ports SEZ (Eventual Target Rs.430)

· Coal India (Eventual Target – Rs.185)

As 28 August is a Friday, you can expect some weekend caution. However, remember that the Fed new policy approach is a big positive for the Indian markets.