InvestorQ : Do you have any stock buying or selling tips to trade on 20 October?
Debbie Mascarenhas made post

Do you have any stock buying or selling tips to trade on 20 October?

diksha shah answered.
2 years ago

I am deliberately not adding to positions today. Out of existing calls, you can average on Bharti. I anticipate an early profitable exit on stocks like SBI, HDFC Bank, Havells, Adani Green, Titan and Godrej Agrovet. Keep a tab on these stocks.

For now, you need to wait for the next stimulus. The government is expected to announce another stimulus and that directly benefits stocks in the banking sector as well as the capital goods and outsourcing segment. That should be the next big trigger to play.

There are no fresh ideas to trade for Tuesday but we rather wait for the markets to find a base. Sharp corrections are ruled out due to low VIX> Markets are delicately poised close to resistance levels on the Nifty, so you got to be cautious. Global cues have been unfavourable on Monday, so it is best that a trend in India gets confirmed.

The big story to watch out on Tuesday will be the global cues which are likely to rub off on the Indian markets on Tuesday. Among the big results, FMCG major HUVR could keep the markets busy, and expectations are high after stellar results from Britannia results on Monday.