InvestorQ : How do I trade on 03 June on the NSE and BSE? Are there are any good stock tips for me to trade on Wednesday?
sarah Leo made post

How do I trade on 03 June on the NSE and BSE? Are there are any good stock tips for me to trade on Wednesday?

Answer
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diksha shah answered.
3 months ago


It is going to be an eventful day with a cyclone likely to hit Mumbai in the afternoon. That could make the markets a little jittery. Weak dollar could keep IT and pharma stocks under pressure as the US faces major protests across.

· Buy JSW Steel at Rs.190 for target of Rs.240 in one quarter. Chinese economy revival could lead to a spurt in steel demand and Indian demand could also pick up.

· It is time to accumulate SBI Cards at Rs.570 for targets of Rs.650 in one quarter. The moratoriums would be more than compensated for by higher credit card spends.

· Yesterday, Kotak Bank was suggested and stock was up 7%. Hold on to the stock for higher target levels of Rs.1500-1550 in one month time frame.

Overall sentiments are still bullish despite the 3200 points rally in Sensex. Cyclone landfall may be the only risk for Wednesday.