What are some sure shot trading tips for 01st Jul 2020?
Answer
Answer
India reported current account surplus for the fourth quarter ended March 2020 but also saw core sector continuing to remain in the negative. Also, the fiscal deficit touched 58% of full year target in first two months indicating higher macro pressures. Here are some ideas.
· Buy Tata Steel at Rs.325 for targets of Rs.400 in one quarter. Government announced record steel exports to China and has given greater thrust on local steel for infra
· I reiterate to buy Grasim around the Rs.620 levels for target of Rs.740 in 1 quarter. Despite the holding company discount, sum of parts is a lot more valuable
· I am back with another old favourite, Sequent Scientific recommended at Rs.85. Add more at Rs.91 levels for targets of Rs.140 in one quarter.
Markets may face some pressure at higher levels as the macros are likely to weigh on the markets on Wednesday.