InvestorQ : Do you suggest any stocks to buy for 21 December from a short term investment perspective?
Arusha Ray made post

Do you suggest any stocks to buy for 21 December from a short term investment perspective?

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diksha shah answered.
5 months ago
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As we start a new week in the markets, there are two key stocks that you can look at this point of time. I think that PSU banking stocks will remain under pressure after CBI has filed a fraud case against one of the major real estate clients of Canara Bank. So don’t buy PSU banks now or if you have a position, it is best that you exit such positions. Here are my calls.

· Buy Hindustan Copper at around Rs.63 levels for upside targets of Rs.80 in the next 1-2 months. It is purely a short term trade. Copper prices have rallied and the supply problems in Chile are still continuing and that will keep the copper market under-supplied for the time being. You can make the best of it.

· Navkar Corp is a good play on the rapidly growing demand for logistics support and cold storage logistics ahead of the COVID vaccine distribution. You can buy Navkar around Rs.40 levels for upside targets of Rs.55 in 1-2 months time frame. This is one of the key players in the humongous task of distributing the last mile for the vaccine.

I have been mentioning one thing in the recent times that at these levels of the Nifty, the market is automatically vulnerable to sudden shocks. As a matter of prudence, it would be worthwhile to hedge you risk partially with put options.

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