InvestorQ : What are some good weekend trading tips and ideas for Friday 05 June? Is the rally over after the last one week rally?
Aditi Sharma made post

What are some good weekend trading tips and ideas for Friday 05 June? Is the rally over after the last one week rally?

Answer
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diksha shah answered.
3 months ago


The Nifty and Sensex as a whole may face some resistance due to weekend concerns as traders try to avoid overnight risk. Also, the US jobs data is expected and that is likely to make the markets slightly jittery. But specific stories will still dominate. Here is how.

· Buy Havells at Rs.545 for targets of Rs.620 in one quarter time frame. Consumer sector that could see a genuine recovery and electrical goods could lead the way.

· Traders can book profits in JSPL and Vedanta and reallocate these funds into Tata Steel and NMDC at current prices. Both stocks can give 20% upsides from current levels.

While there will be some caution over the weekend, telecom and digital may be emerging as the next big story. Watch out for more ideas.