InvestorQ : Please give me some good trading tips for 19 June? Can I expect market correction as it is Friday?
Mary Joseph made post

Please give me some good trading tips for 19 June? Can I expect market correction as it is Friday?

Answer
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diksha shah answered.
3 months ago


Banks were up sharply on Thursday and PSU stocks rallied on divestment hopes as stock markets chose to ignore the border skirmishes. Global markets have been under some pressure and that has rubbed off on the SGX Nifty in early trades. Here are the tips.

· Buy BEL at Rs.75 and BHEL at Rs.31 for 30-40% upside targets in the next quarter. With the divestment list being drawn up, are likely to be top of the block.

· Stocks like GAIL and OIL will be big beneficiaries of the government clarification that AGR is waived on non-telecom PSUs. Trade long for 25% upsides in one quarter.

· I reiterate my call on UPL at Rs.419-425 with one quarter target of Rs.490. Agrochem companies had limited COVID-19 impact and solid growth in agriculture opportunity.

The rally on Thursday was too sharp and may not leave much room on Friday. Also traders may be wary of carrying weekend positions in the current scenario.