InvestorQ : Hi Diksha, do you have any suggestions for my holdings in SBI Cards, Shilpa Medicare and UPL, which you had suggested? Also, are there are any new stocks to buy for 23 Dec?
Dhwani Mehta made post

Hi Diksha, do you have any suggestions for my holdings in SBI Cards, Shilpa Medicare and UPL, which you had suggested? Also, are there are any new stocks to buy for 23 Dec?

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diksha shah answered.
1 month ago
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Last week, I had suggested averaging UPL, which you can still do. On Tuesday, I had suggested averaging specific stocks like Shilpa Medicare, SBI Cards, HPCL and M&M at lower levels. `Most of these stocks bounced on Tuesday, but you can still average where you see price advantage. Also, I guess, you managed to pick up Burger King suggested on Tuesday.

In fact, let me add that on Tuesday, we had called the bottoming out of Burger King. I see the stock going up sharply to regain above 220 levels, so that leaves a lot of upside room for you. There is steam left in the stock as the QSR business is largely under-owned in the Indian context. It could also have an impact on other QSR listings in India, so keep a watch.

In terms of fresh stocks, I am not suggesting adding any more stocks as there are a number of positions already open as per my suggestions. We will wait for the markets to stabilize before taking fresh positions. Ideally, we can wait out the 2 days in this truncated week.

I seriously suggest that you should focus more on the volatility index on the NSE, which is also called the VIX or the Fear Index. VIX had shot up by 25% on Monday, but it had retreated on Tuesday. Currently, VIX is at 23 levels which show a good degree of fear factor among traders. You have to be prepared for volatility around Christmas holidays.

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