InvestorQ : Do you suggest any trading tips to buy or sell on the stock markets for Friday, 27 November? Can I sell Nifty futures at current levels?
Niti Shenoi made post

Do you suggest any trading tips to buy or sell on the stock markets for Friday, 27 November? Can I sell Nifty futures at current levels?

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diksha shah answered.
2 months ago
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While it is hard to take a view on the markets based on whether it is a week end or valuations, I think there are good opportunities and good long term stories that keep arising once in a while. It is best to just track these stories.

On Thursday, we stayed away from adding fresh positions on Thursday to permit markets to retrace stability. For Friday we suggest adding two stocks, also considering that we have substantially churned positions in the recent past.

· One steel stock to buy is Tata BSL, the acquired version of Bhushan Steel at Rs.35 for targets of Rs.50 on the upside. It can be a good proxy for the steel sector at a much lower price. It is a slightly high risk call and you must be prepared for that risk.

· Another stock to buy at current levels is Tube Investments especially after their recent majority stake in CG Power. You can look to purchase Tube Investments at Rs.805 for upside targets of Rs.900 but keep a time frame of just one month.

Remember we are getting into a long trading weekend. Monday 30 November is a trading holiday on account of Guru Nanak Jayanti and hence after Friday the next trading will only be on Tuesday December 01. Manage your positions accordingly.

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