InvestorQ : Hi Diksha, do you suggest any buy or sell ideas in the market for 26 March, Friday. Should I hold on to RVNL after the OFS and Indiabulls Housing?
Dhwani Mehta made post

Hi Diksha, do you suggest any buy or sell ideas in the market for 26 March, Friday. Should I hold on to RVNL after the OFS and Indiabulls Housing?

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diksha shah answered.
6 months ago
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Once the Nifty fell below 15,000 levels and the Sensex below 50,000, the fall was quite rapid. The FPI data has been indicating at accumulation of put options for quite some time and we must wait to see if fresh puts would get built up in the new series also. The next trigger could really be when quarter results start in April. Here is the view on 2 stocks.

· RVNL at Rs.34 (CMP-28) – Suggest hold

· Indiabulls Housing Finance at Rs.248 (CMP-197) – Suggest to hold

Let me now turn to your question about any fresh buying ideas. As Friday is the last day of the week, you can stay light ahead of the week end since you already have enough positions open. In the event of any correction next week, look at selectively entering into positions. The markets are expected to bounce but it will be dependent on global COVID resurgence cues. That has put a major question mark over global recovery.

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