InvestorQ : Do you have any stock tips for trading on the 14 December, Monday? Ideally short term trading calls are fine?
rhea Babu made post

Do you have any stock tips for trading on the 14 December, Monday? Ideally short term trading calls are fine?

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diksha shah answered.
8 months ago
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Before I get to the stocks to buy, let me address the concern that is top of the mind for most investors and traders like you. Currently, in the stock markets, there are two cross concerns playing in the minds of most of the investors. Here is what it is.

On the one hand, the growth is coming back in the economy as is evidenced by the GDP and the IIP numbers. That is good. On the other hand higher oil prices threaten inflation and also the trade deficit and that is not too great. Here is how you can play this cross view.

· You can look to buying ONGC at Rs.96 for upside targets of Rs.115 in 1-2 months time frame. It is extremely likely that oil would scale closer to $60/bbl in this rally, helping oil stocks; upstream and downstream. Accumulation also indicates the same.

· You can also look to buy IRCTC at around the price of Rs.1421 for upside targets of Rs.1550 in the next 1-2 months. It offers a positive risk-return trade-off in a monopoly business. IRCTC offers a good entry after the sharp correction in price due to the OFS.

Finally, there is one indicator you must never miss. In the midst of the rally and the sharp correction on Thursday, the VIX remained below 19, which is a very positive indicator. In addition, sector rotation into PSU stocks may have just begun and there could be room.

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