The Nifty Monday correction was offset by the global rally. This could result in a gap-up opening on 19 May, Tuesday. Moderna of the US announced it is close to launching a COVID-19 vaccine and that will be a boost. Here are trading tips.
· With the latest Gilead license in India and the Moderna announcement, Jubilant Life Sciences is a good buy around Rs.450 for targets of Rs.520 in a month.
· HDFC Bank at Rs.838 is available at record low valuations of 18 times P/E. While IBC suspension is an issue, HDFC Bank gets support from stimulus and short covering.
Markets will open gap-up on Tuesday but the real question is if the rally can be sustained. Pharma could still be the pick of the markets so trade accordingly.
The Nifty Monday correction was offset by the global rally. This could result in a gap-up opening on 19 May, Tuesday. Moderna of the US announced it is close to launching a COVID-19 vaccine and that will be a boost. Here are trading tips.
· With the latest Gilead license in India and the Moderna announcement, Jubilant Life Sciences is a good buy around Rs.450 for targets of Rs.520 in a month.
· HDFC Bank at Rs.838 is available at record low valuations of 18 times P/E. While IBC suspension is an issue, HDFC Bank gets support from stimulus and short covering.
Markets will open gap-up on Tuesday but the real question is if the rally can be sustained. Pharma could still be the pick of the markets so trade accordingly.