InvestorQ : Can you give me some solid stock trading tips for Wednesday 25 November in the market?
shrinidhi Rajan made post

Can you give me some solid stock trading tips for Wednesday 25 November in the market?

Answer
image
diksha shah answered.
7 months ago
Follow

I have two trading ideas for you on 25 November. Broadly, China demand is picking and that is positive for metal stocks. Secondly, realty stocks are finally seeing residential demand coming back but ideally stick to low debt plays. Here are two tips for the day.

· Buy Hindalco at Rs.225 for targets of Rs.260 in 2 months. You are aware that the demand for aluminium is closely linked to the industrial recovery and the prices are also likely to remain strong for now on the back of China demand.

· Buy DLF at Rs.189 and it could be a good bet with targets of Rs.220 in 2 months time frame. Realty companies across the board are seeing traction on the residential space. DLF is also on target to exit debt fully and that should also be favorable.

Let me give you a mantra. With 13,000 crossed on nifty and 44,000 on Sensex, the markets just need to give confirmation of volumes this week and during expiry on Thursday. That could be the first signals of a full-fledged revival and the next stage of the rally.

7 Views