InvestorQ : Do you have any stock tips for the 11 December 2020?
Arusha Ray made post

Do you have any stock tips for the 11 December 2020?

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diksha shah answered.
5 months ago
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Normally, I don’t encourage traders to add aggressively over the week end. Ideally you can wait for the markets to stabilize over the weekend and the rally till data to be digested. It is 15% in over a month. The overall market rally has been too intense in too short a time and some correction was inevitable. As you are well invested, hold on for the week.

Let me leave you with a broad word of caution. While the Nifty rally may continue, oil crossing $50/bbl is a risk, considering India’s dependence on imported oil. Upsides are going to be tougher from here. However, VIX remains subdued at 18.7 levels. That hints at a market where traders and investors will be eager to buy on dips. Use puts to hedge.

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