Do you have any suggestions for stocks that I can purchase for the short term on Monday 28 December?
Answer
Answer
Here are two stocks that we suggest for Monday, 28 December.
· One pharma that looks still underpriced is Aurobindo Pharma, which you can buy at Rs.909 for targets of Rs.1050 in 1-2 months. COVID vaccine preparations are on at war footing and this is one Indian company that still gives an opportunity to enter.
· You can also buy the new listed QSR stock of Bectors Foods at around Rs.585 levels for short term targets of Rs.640 in a couple of weeks. Bectors is a wholesale supplier and is best poised to benefit from the revival of quick service restaurants like Burger King.
The market has entered complex zone. The levels are constrained in a small range of 13,700 to 14,000. The market awaits triggers for a decisive movement either ways and that is a risk you need to keep in mind while executing any of your trading ideas.