Vedanta share price down 1% on NSE; investors must not worry, traders follow strict stop loss, says Market Guru Anil Singhvi

If you are an investor in Vedanta Limited Stocks and want to take a call on your next move, here is what you must know. Zee Business Managing Editor Anil Singhvi gives top strategy to maximise gains. Take a look!

All those who are holing a position in this stock must first know if they are a trader or an investor in this stock. If you are a trader then there is a stop loss that you must strictly adhere to, the Market Guru said.

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And if you are an investor and have taken this stock with a positional term view then you must not worry, Singhvi said.

He said that there were two news that emerged on Tuesday – one was related to the board meeting of Hindustan Zinc which was regarding the dividend. It was cancelled or deferred for reasons still not known. He said that the reason will be known later.

But the cancellation of the meeting or its deferment does not mean that the dividend payout will be given or aborted or will not be given. He said this drawing parallel to the BPCL dividend payout.

Another reason was the Madras High Court order, he said. But one cannot say that the stock correction is on the back of this order or because of the combination of the two reasons, the Market Guru further said.

The only problem that remains now is that the futures have come under the Futures & Options (F&O) category.

All those who have bought this stock for trading purpose must follow the stop loss discipline. Following the stop loss discipline saves the traders from big losses on a number of occasions, Singhvi further said.

The stock is expected to reach targets between Rs 375 and Rs 400. It will start trading on its strength. It could show some timewise correction or may correct even further. As investor, you must not worry much, he said.

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वेंदाता में है पोजीशन तो क्या करें निवेशक?

समझिए अनिल सिंघवी से#EditorsTake #Vedanta @AnilSinghvi_ pic.twitter.com/qXauqaJzAP

— Zee Business (@ZeeBusiness) August 18, 2021

Vedanta shares were today trading at Rs 299.80 on the NSE at 10:16 am, down by almost 1 per cent or Rs 3.35.