Monday was a difficult day for traders with the sharp spike in VIX and the crack in the markets. However, where the structure of the stock is not impacted, we can look to average in quality names at the current price levels. Her is a quick summary of what to average.
UPL given at 460 (CMP-435) – Hold at Average Price
Shilpa Medicare given at 501 (CMP-419) – Average at lower Price
Manappuram Finance at Rs.173 (CMP-162) – Suggest to hold
SBI Cards at Rs.840 (CMP-809) – Average at lower prices
Reliance Industries at Rs.1,990 (CMP-1,935) – Suggest to hold
Ambuja Cements at Rs.256 (CMP-234) – Average at lower prices
IRCTC at Rs.1,421 (CMP-1368) – Suggest to hold
Bharat Electronics at Rs.116 (CMP-112) – Suggest to hold
BHEL at Rs.36 (CMP-33) – Suggest to hold
HPCL at Rs.230 (CMP-208) – Average at lower prices
M&M at Rs.730 (CMP-681) – Average at lower prices
Hindustan Copper at Rs.63 (CMP-58) – Suggest to hold
Navkar Corp at Rs.40 (CMP-38) – Suggest to hold
we are only adding stocks that we see value in the next bounce. SBI Cards, HPCL and M&M should be your first priority to average at lower levels. Then you can look to average Ambuja Cements and Shilpa Medicare based on risk appetite. Leave other positions for now.
Monday was a difficult day for traders with the sharp spike in VIX and the crack in the markets. However, where the structure of the stock is not impacted, we can look to average in quality names at the current price levels. Her is a quick summary of what to average.
UPL given at 460 (CMP-435) – Hold at Average Price
Shilpa Medicare given at 501 (CMP-419) – Average at lower Price
Manappuram Finance at Rs.173 (CMP-162) – Suggest to hold
SBI Cards at Rs.840 (CMP-809) – Average at lower prices
Reliance Industries at Rs.1,990 (CMP-1,935) – Suggest to hold
Ambuja Cements at Rs.256 (CMP-234) – Average at lower prices
IRCTC at Rs.1,421 (CMP-1368) – Suggest to hold
Bharat Electronics at Rs.116 (CMP-112) – Suggest to hold
BHEL at Rs.36 (CMP-33) – Suggest to hold
HPCL at Rs.230 (CMP-208) – Average at lower prices
M&M at Rs.730 (CMP-681) – Average at lower prices
Hindustan Copper at Rs.63 (CMP-58) – Suggest to hold
Navkar Corp at Rs.40 (CMP-38) – Suggest to hold
we are only adding stocks that we see value in the next bounce. SBI Cards, HPCL and M&M should be your first priority to average at lower levels. Then you can look to average Ambuja Cements and Shilpa Medicare based on risk appetite. Leave other positions for now.