InvestorQ : Can you give me some weekend trading tips for Friday 10 July? I want good delivery ideas that I can hold for short period?
Rashi Mehra made post

Can you give me some weekend trading tips for Friday 10 July? I want good delivery ideas that I can hold for short period?

Answer
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diksha shah answered.
3 months ago


The sharp bounce on Thursday and Nifty settling above 10,813 are positive signals for the market as it shows good demand for financials and metals. Both are betting on recovery of the economy. Friday may have a subdued start due to global weakness. Here are the tips.

· Buy NMDC at around Rs.85 for targets of Rs.110 in the next one month. Apart from riding the metals wave, the stock offers a solid dividend yield at these prices.

· Buy Jindal Steel at Rs.163 for targets of Rs.200 in one quarter. The stock will benefit with the government farming out infrastructure steel orders to domestic companies.

· I reiterate my buy call given yesterday on Infosys around Rs.772 for targets of Rs.820. The stock is likely to be strong ahead of results, which could better than expected.

TCS numbers give hope to the IT sector as it managed positive top line growth despite tough market conditions globally.