InvestorQ : Do you have any trading calls for Thursday, 18 March for the short term?
Archita Jajjoo made post

Do you have any trading calls for Thursday, 18 March for the short term?

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diksha shah answered.
8 months ago
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The VIX has now fallen below the 20 levels and finally the Fed has also committed to hold rates at least till the end of 2023. The big risks are out of the way, although we are not sure about the yields. At least, we should see the markets now shifting from a sell-on-rises market to a buy-on-dips market. However, any runaway rally will be some time away.

I am not suggesting any fresh positions. However, I had given a list of stocks and many quality names with momentum are still available at or below the original price. Below is a list of stocks, where there is momentum and a chance of bounce rapidly. You can look to buy them at current prices, if lower than the price suggested.

· Birlasoft at Rs.272 (CMP-244) – Buy if you have missed out on this stock

· Bharti Airtel at Rs.546 (CMP-523) – Buy if you have missed out on this stock

· Petronet LNG at Rs.250 (CMP-229) – Buy if you have missed out on this stock

· DLF at Rs.324 (CMP-291) – Buy if you have missed out on this stock

· SBI Life at Rs.928 (CMP-888) – Buy if you have missed out on this stock

· Balarampur Chini at Rs.210 (CMP-195) – Buy if you have missed out on this stock

· EID Parry at Rs.342 (CMP-342) – Buy if you have missed out on this stock

All the above stocks are below their suggested price but still looking good for the short to medium term. I had said that if the Fed maintains status quo and gives liberal guidance, markets could take a cue and bounce. That stage has come now and COVID remains the only area of uncertainty now. After the status quo by the Fed and the assurance not to hike rates will 2023, markets should take comfort and the bond yields in the US and India should fall. 

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