InvestorQ : What are the major trading tips and investment ideas for the 27 July 2020? Can I still buy Reliance Industries?
Lavanya Subramanian made post

What are the major trading tips and investment ideas for the 27 July 2020? Can I still buy Reliance Industries?

Answer
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diksha shah answered.
2 months ago


During the previous week, Reliance accounted for 75% of the value appreciation of the top 10 stocks on the Nifty. While it is hard to sell out of the stock, any long position must either be hedged or it must be traded with a very strict stop loss. Here are some trading ideas.

· I had suggested HCL Tech at 580 and you can now book out at Rs.685. Instead buy into Tech Mahindra at Rs.652 levels for targets of Rs.720-730 in one month time.

· Zee results were bad with deep cuts in advertisement revenues. You can look to sell Zee Entertainment at Rs.155 levels for lower targets of Rs.120 in a month.

· Buy AU Small Finance Bank after the latest results at a price of Rs.790 for targets of Rs.850 in one month. This is only if you are a high risk trader.

Global markets were extremely weak on Friday and that could weigh on markets. Indian markets would still rely on RIL to lead the way.