InvestorQ : What are the major trading tips for 01 June 2020 in the Nifty and Sensex stocks?
Dawn Cherian made post

What are the major trading tips for 01 June 2020 in the Nifty and Sensex stocks?

Answer
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diksha shah answered.
3 months ago


You can expect a strong opening for Nifty and Sensex on 01 June as global cues from the US and Asia is favorable. The phased and gradual lifting of lockdown in non-containment zones should also be a positive for the market sentiments. Here is what you can trade.

· IOC recommendation was on target and stock closed 8% higher. Traders can hold on to IOCL for targets of Rs.110 on back of better GRMs and higher oil inventory valuations.

· Locust attacks are bad but could favour agrochemical stocks. Buy UPL at the price of Rs.404 for higher targets of Rs.450 in 1 quarter time frame. Agri boost will help!

· If you are fond of low price and high risk stocks, then buy Vodafone Idea at Rs.6.50 for targets of Rs.10. Google deal could boost promoter confidence immensely.

Upsides beyond 9700 on Nifty may be capped once the shorts on the Nifty are covered.