InvestorQ : Hi Diksha, what do you suggest I do with my open positions in the market, which were suggested by you. Do you suggest to sell any stock or add stocks on 18 December?
swati Bakhda made post

Hi Diksha, what do you suggest I do with my open positions in the market, which were suggested by you. Do you suggest to sell any stock or add stocks on 18 December?

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diksha shah answered.
1 month ago
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On Friday, I suggest that you sell out of e stocks viz. Godrej Agrovet, Cipla and ONGC to lighten your positions in the market. For example, Cipla could be volatile as the vaccine launch takes off and ONGC could now struggle to reflect the global crude prices.

Except the 3 stocks mentioned above, you can hold on to the rest of the stocks that I had recommended in my responses. Here is a quick look at the proposed exits.

Godrej Agrovet at 533 (CMP-552) – Book Profit

Cipla at Rs.760 (CMP-784) – Book Profit

ONGC at Rs.96 (CMP-102) – Book Profit

One question I have been hearing in the market is whether traders should go ahead and buy Burger King in the market at current prices. I would like to say two things here. Firstly, after the 250% rally and the sharp crash on Thursday, traders must ideally wait for the price to stabilize and settle down. Also, in valuation terms, it looks more expensive than Jubilant.

I now turn to your question of buying fresh stocks on Friday. We have 4 PSU stock positions open in our list and PSU stocks normally run a policy risk. We will watch defence PSUs for opportunity building up after the recent Rs.27,000 crore defence order assurance. I suggest you take a fresh view on stocks in the coming week.

What is driving and what will drive markets from here. The rally in the Nifty could take it closer to 14,000 before any correction sets in. At the end of the day, it is liquidity flow with FPIs infusing Rs.1 trillion in 33 days. The Fed, in its latest statement, has assured to keep rates low and liquidity abundant so it appears the liquidity driven rally will sustain for now.

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