InvestorQ : How should I trade the stock markets on 29 May and are there any good stock tips for the day for short term?
Rashi Mehra made post

How should I trade the stock markets on 29 May and are there any good stock tips for the day for short term?

Answer
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diksha shah answered.
4 months ago


After a 1600 points rally in the Sensex in just 2 days, you can expect some correction. The US markets also closed weak on Thursday after Donald Trump threatened to put more restrictions on China and also some restraints on social media like FB and Twitter.

· The social media restrictions indicated by Trump could be negative for IT stocks. Sell Infosys at Rs.710 for lower targets of Rs.670 on a short term trade basis.

· Sell Axis Bank around Rs.393 for targets of Rs.350 and ICICI bank sell at Rs.330 for targets of Rs.300. Both stocks are NPA susceptible and short covering may be over.

Friday will also see some cautious covering of long positions ahead of the weekend. Trump statements China and social media will hold the key.


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Anand malavia answered.
4 months ago


Always go stock specific & never track index


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chetan patel answered.
4 months ago


Idea Vodafone

IDFC fastbank