InvestorQ : Hi Diksha, what is your take on fresh trading ideas for 20 January? Also, do you suggest me to close any of the open positions? I am long on RIL, GAIL and Coal India.
Neelam Naik made post

Hi Diksha, what is your take on fresh trading ideas for 20 January? Also, do you suggest me to close any of the open positions? I am long on RIL, GAIL and Coal India.

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diksha shah answered.
3 months ago
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For Wednesday, I suggest you close out BHEL and Reliance Industries at a profit. That answers part of your question. Regard GAIL and Coal India, I would suggest you hold on as we do expect a combination of performance and dividend play will be positive for both these stocks, which are relatively undervalued considering their franchise.

It does look like the Sensex may eventually test 50,000; sooner rather than later. The market has once again shown its resilience by bouncing back sharply with a sharp fall in the VIX. That shows that the fear factor in the market is not too high. You can hold on to the rest of positions that we have spoken about.

For Wednesday, I suggest that you buy the following stocks for the very short term.

· You can look to buy Indiabulls Real Estate or IBREL, part of the Indiabulls group, at the current price of Rs.87 for upside targets of Rs.105 in one month time frame. You would recollect that the company reported stellar quarterly results just a couple of days back and evidenced a genuine turnaround in its realty business. That is positive for the stock.

· If you are looking at a reasonably priced large bank then it has to be ICICI Bank. A stock to buy as a quick trade ahead of the quarterly results will be ICICI Bank at Rs.547. The company is expected to post far better than street expectations on margins and NPAs in this quarter and I have a target Rs.575.

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