InvestorQ : Are there are any stock tips for 27 October that I can get?
swati Bakhda made post

Are there are any stock tips for 27 October that I can get?

Sam Eswaran answered.
2 years ago

See here is what you can do in the market on 27 October in terms of specific stocks.

· Buy SBI Life at Rs.780 with target of Rs.850 in one month time frame. This is after the company announced a stellar doubling of profit numbers in the Sep-20 quarter. There was growth was visible in the insurance and investment segment for SBI Life.

· Smart traders can use the correction in the last few sessions to pick up Reliance Industries strategically at dips to the range of 2000-.2030 for upside targets of Rs.2300. The Amazon case is unlikely to have any significant impact and should fizzle out.

· I reiterate my call on buying NTPC at around Rs.86 for a short term trade as the company gets ready for a buyback of shares. This is most likely going to happen at a higher price to reward the government and you can expect targets of Rs.110.

Global volatility could rub off on India but VIX at 22 indicates that downsides would be limited. Use dips to buy rather than jumping into the market.