What are your top trading tips for 04 September? Will the markets fall on Friday?
Answer
Answer
The market is likely to remain under pressure due to the global cues. On Thursday, the Dow fell by 3% and the NASDAQ fell by 5%, led by Apple. Hence you can expect some rub off on Indian markets on Friday as SGX Nifty shows.
Most likely the markets may start weak and the selling momentum is likely to pick up through the day, even as traders unwind positions being the last trading day of the week. Don’t rush to buy on opening.
The best thing to do is to wait for the market to stabilize before taking any market call. Don’t try too hard to trade on 04 September. Instead use dips to accumulate the following stocks…
· Reliance Industries
· Mahindra & Mahindra
· Biocon Ltd
· Adani Ports SEZ
The big fall in the US markets was led by Apple so tech stocks will remain under pressure in India too.