InvestorQ : Do you have any good trading tips and investment tips for the stock market on 15 June 2020? It should not be too risky?
Neelam Naik made post

Do you have any good trading tips and investment tips for the stock market on 15 June 2020? It should not be too risky?

Answer
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diksha shah answered.
3 months ago


IIP for April 2020 was down by 55.5% and that will put pressure on the markets. Also there are PSU banks results, which are likely to be bad. Here are some good trading ideas for you.

· Buy COVID-19 drug stocks like Cipla and Cadila best poised to benefit from the Gilead deal to manufacture Remdesivir without license fees.

· Buy Sequent Scientific as a niche play in the vaccine space post stake buy by Carlyle. But at around Rs.85 for upside targets of Rs.105 in the next one quarter.

· Short term investors can look to buy Cyient at Rs.212 for upside target so Rs.255 in one quarter. It is a low risk and reasonably valued play in technology space.

The Monday trade is likely to be driven by Asian and later by European cues so keep an eye on these markets.