Traders' Diary: Buy, Sell, or Hold Strategy for Top Stocks

In this edition of Traders' Diary, insights are provided on various investment strategies tailored for traders and investors to consider on Tuesday, December 3, 2024. Below is a selection of recommended stocks along with their respective trading strategies.

Kushal Gupta's Picks

Cash Segment

• KPI Green Energy

  • Buy at: Rs 800

  • Stop Loss (SL): Rs 770

  • News Update: KPI Green Energy has received a Letter of Award (LoA) worth Rs 1,311 crore from Coal India for the establishment of a 300 MW solar plant in Gujarat, coupled with a five-year operations and maintenance contract.

Futures & Options (FTR)

• Prestige Estates

  • Buy at: Rs 1,775

  • SL: Rs 1,700

  • Insight: There has been a noticeable long build-up in positions.

Options (OPTN)

• Apollo Hospitals 7050 CE

  • Buy at: Rs 184

  • Target: Rs 250

  • SL: Rs 150

  • Comment: The strong chart structure points towards a promising upside.

Technical Pick (Techno)

• Wipro (FTR)

  • Buy at: Rs 600

  • SL: Rs 578

  • Observation: Wipro has closed near its day highs, indicating potential strength.

Fundamental Pick (Funda)

• APL Apollo Tubes

  • Buy at: Rs 1,800

  • Investment Horizon: 1 year

  • Rationale: Recognized as a leading manufacturer of branded steel products in India.

News-Based Pick (News)

• Solar Industries

  • Buy at: Rs 10,850

  • SL: Rs 10,425

  • Update: Its subsidiary has secured an export order valued at Rs 2,039 crore for defense product supplies over the next four years.

My Choice Picks (MyChoice)

• MOIL

  • Buy at: Rs 328

  • SL: Rs 315

  • Highlight: The manganese ore production for November reached 1.63 lakh tons, with a 32% year-on-year increase in sales totaling 1.33 lakh tons.

• AGS Transact Tech

  • Buy at: Rs 82

  • SL: Rs 77

  • Update: The company is launching Ongo Ride, a smart mobility payment solution in Mumbai, which supports the National Common Mobility Card (NCMC) for metro and bus networks.

Best Pick

• APL Apollo Tubes

  • Buy at: Rs 1,800

  • Duration: 1 year

  • Outlook: Strong fundamentals along with an industry-leading position are expected to drive performance.

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