Can you give me some good trading and investment ideas for 30 April 2020? Do you see short covering on expiry day?

The broad theme for the day is likely to be predicated on two factors. Firstly, there has been credible progress in finding a cure for Coronavirus and Gilead and Oxford Research appear to be close. Secondly, the US negative growth of (-4.8%) has led to the Fed again opening the taps of liquidity for the US markets. That will be a positive cue for the global markets. Here are some specific ideas to consider.

· Despite the overall positivity, you should remain cautious on Indian IT stocks like Infy, TCS and Wipro as tech spending is likely to get hit. You can use bounces to sell in.

· While Hindustan Unilever is still a sold consumer play, Glaxo selling shares worth $4 billion is negative. Use put options to trade HUL down till Rs.2,000 levels.

Markets may face pressure at higher levels on 30 April as traders are likely to avoid long rollovers due to the 3-day trading holiday and an uncertain global scenario.