InvestorQ : Can you give me some interesting short term trading tips for May 18? Can I also get one medium term tip for around 2-3 months holding?
Dia Deshpande made post

Can you give me some interesting short term trading tips for May 18? Can I also get one medium term tip for around 2-3 months holding?

Answer
image
diksha shah answered.
8 months ago
Follow

May 18 could see pressure on the markets as the lockdown has been extended and global macro sentiments are also not too positive. Here are some trading ideas for you for the 18 May.

· Buy Vedanta around Rs.90 for target of Rs.120. Promoters are most likely to hike the delisting price when they meet on 18; if you consider VRL delisting as the benchmark.

· Reliance again becomes attractive after the General Atlantic deal for Jio Platforms. Buy Reliance around Rs.1440 for target of Rs.1550.

· For 2-3 month view, buy Aarti Industries at Rs.1020 for target of Rs.1400. Global focus is shifting to specialty chemicals and Aarti has the advantage of better valuations.

The action is likely to be more stock specific on 18 May but the Monday effect could also play on the market. Keep that in mind.




16 Views