InvestorQ : Do you suggest to buy any stocks for 07 December considering that there was a very sharp rally on Friday after the monetary policy?
Arusha Ray made post

Do you suggest to buy any stocks for 07 December considering that there was a very sharp rally on Friday after the monetary policy?

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diksha shah answered.
3 months ago
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You would recollect that I had asked to buy two stocks on Friday, but since we are also booking out a regular basis, I suggest you to add two more stocks on Monday also. Of course, I would suggest that if you are heavily long, hedge partially with Nifty puts.

· Buy KNR Constructions at the current price of Rs.312 and keep an upside target of Rs.360 on the stock in the next 1-2 months time frame. Currently, valuations are fairly reasonable and the order books are also overflowing in the infra push.

· For the short term, you can also look to buy Vimta Labs at Rs.158 for upside targets of Rs.180 in next 1-2 months. Vimta has a strong pipeline and has been a low-key player in the pharma space. It may be time for action.

While the opportunities are still there, remember that markets almost always get complacent at low levels of VIX. Markets tend to react when they are least expected to do so. Traders must be extra careful in the coming week and ideally hedge with puts.

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