InvestorQ : Please give me some good trading tips and investment ideas for 22 May, Friday? Can you give me short term ideas up to 1 month?
Khushi Patel made post

Please give me some good trading tips and investment ideas for 22 May, Friday? Can you give me short term ideas up to 1 month?

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diksha shah answered.
11 months ago
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Bajaj Finserv and other financials led the Nifty lower on Thursday. The global pressure came from the US threatening to delist Chinese companies. This led to pressure across global markets on Thursday and that is likely to rub off on the markets on Friday.

· Be cautions buying into RIL-RE (rights entitlements). It is at a premium of Rs.45 to the intrinsic value which will compress over next 1 week after which it stops trading.

· Buy Berger Paints at Rs.460 for upside targets of Rs.510 in one month time frame. It looks set for a post pandemic recovery and is a play on consumer inelasticity.

· Sell Indiabulls Housing at Rs.125 for lower targets of Rs.95 over one month. Recent restructuring and layoffs show deep financial strain.

Apart from the global uncertainty, the Friday effect will also keep markets wary. Use any bounce, especially in financials, to sell in the market.

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