InvestorQ : Can I have some good trading and investment tips for 15 May on Friday? I have a short to medium view only.
Dhwani Mehta made post

Can I have some good trading and investment tips for 15 May on Friday? I have a short to medium view only.

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diksha shah answered.
12 months ago
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IT stocks took the markets sharply down after US recession warnings and the lower tech spending report by Gartner. Markets will watch out for Day 3 of the package. One good thing about the package has been the aggression shown by the government in spending.

· Look to sell HCL Tech at Rs.520 and TCS at Rs.1910 for lower targets of Rs.450 and Rs.1800 respectively. They could bear the brunt of lower IT spending this year.

· After the recent correction, buy Reliance at Rs.1420 for target of Rs.1550. The rights dilution effect is already factored in and you can await the Jio stake sale to GAPL.

The bounce in the Dow and further stimulus announcements will keep markets interested. But expect some selling in the second half as traders turn cautious over the weekend.

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