InvestorQ : Do you have any fresh trading ideas for 04 Jan 2020? I want some good tips to buy stocks in this market?
Khushi Patel made post

Do you have any fresh trading ideas for 04 Jan 2020? I want some good tips to buy stocks in this market?

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diksha shah answered.
3 months ago
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For Monday, my suggestion is not to obsess too much over the levels of the Nifty. That will be a risk in the current market. Instead look at stocks that are still offering value either due to news flows or due to the industry they operate in. My calls for Monday 04 Jan are as under.

· You can look to buy Rain Industries which is based out of Hyderabad at around Rs.142 for upside targets of Rs.175 in 1-2 months. You may recollect that Rain Industries had recently sold 2 of its North American subsidiaries for Rs.637 crore and this will defray the debt of the company and add more value to the stock in the day s ahead.

· Another recent IPO that got listed was Likhitha Infrastructure. I must add that the stock has done fairly well despite the relatively humble oversubscriptions received. I would suggest buying Likhitha at Rs.188 for upside targets of Rs.220 for 1-2 months time frame. It can be a good small cap play on the oil infrastructure space.

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