InvestorQ : Do you suggest buying any stocks in the current market? What are your trading tips for November 03?
Dilmini Mercia made post

Do you suggest buying any stocks in the current market? What are your trading tips for November 03?

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diksha shah answered.
8 months ago
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Here is what you can do on 03 November in the market. Of course, the theme is to go by good results versus bad results as that is the most likely trigger.

· I had suggested buying ICICI Bank on Monday. While the stock was 6% up, most of you may not have got a chance to enter. While the target of Rs.450 is intact, you can still trade DLF and NMDC for upsides as the margin of safety is still there. You can look at ICICI if it dips lower to Rs.390 levels.

· If you have got into Bharti Airtel around Rs.440 price levels, then you seriously look to take short term profits off the table. While the stock may trend higher, it is very likely to face continuous pressure at higher levels considering the aggressive growth plans of Reliance Jio. You can take profits for now and evaluate the stock later.

· If you are a long term bull on Reliance Industries, then this is your opportunity to stack up on the stock. Can one buy the PP share; I would rather buy the actual stock, which is now 20% cheaper. The latest quarter has underlined the shift to digital. Remember, Digital now contributes 40% of EBITDA and that is something most have missed out.

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