InvestorQ : Can you some good short term trading tips for 27 May 2020? I have some money to put in stocks for 2-3 months?
Neelam Naik made post

Can you some good short term trading tips for 27 May 2020? I have some money to put in stocks for 2-3 months?

Answer
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diksha shah answered.
4 months ago


Markets have been facing pressure at bounces and the main reason is the banking stocks. Hence if you have a 2-3 months time frame, you must be willing to trade both ways; buy and sell side. Global markets have been on recovery mode. Here are some trading ideas.

· One stock you can buy is JSPL (Jindal Steel & Power). It has seen a series of upgrades in last few weeks and revival of demand in China. Buy at Rs.105 for targets of Rs.150.

· Bharti Airtel corrected on Tuesday due to promoter selling but deleveraging by Bharti Telecom will be a major positive for Airtel. Buy around Rs.540 for targets of Rs.630.

· Zee Entertainment at around Rs.165 could see pressure and remains a good selling candidate over Essel Infra default to FT Funds. Sell at Rs.165 for target of Rs.130.

Like the global markets, Nifty and Sensex would open strong on Wednesday but the pressure of financials will weigh at higher levels.