Traders’ Diary: Buy, sell, or hold strategies for Supreme Industries, IEX, PowerGrid, and more
Zee Business research team shares exclusive research on 20 stocks that investors and traders can track today.
Stocks to Buy, Sell Today: In this edition of Traders' Diary, here’s a curated list of trading and investment ideas for December 4, 2024, shared by Kushal Gupta from the Zee Business research desk. From technical to fundamental picks, find actionable strategies across market segments.
Investment and trading ideas for today
Cash segment
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Bank of India: Buy at Rs 118, Stop Loss at Rs 110
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PSU Bank index gained strength yesterday.
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Stock showed robust action recently.
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Futures segment (FTR)
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CESC: Buy at Rs 192, Stop Loss at Rs 180
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Stock is up over 7% in the past 5 days.
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Jindal Stainless: Buy at Rs 740, Stop Loss at Rs 710
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Witnessed strong movement in yesterday's session.
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JSPL: Buy at Rs 950, Stop Loss at Rs 920
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Base metal prices rebounded.
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Stock gained nearly 5 per cent over the last five days.
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Options segment (OPTN)
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NALCO 245 CE: Buy at Rs 11, Target Rs 18, Stop Loss at Rs 7
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Reflecting momentum amid a rebound in base metals.
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Technical pick
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PVRInox: Buy at Rs 1,650, Stop Loss at Rs 1,585
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The stock rose over 8 per cent in the past week.
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Fundamental pick
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Supreme Industries: Buy at Rs 5,600
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Duration: 1 year
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Highlights:
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Return on Capital Employed (ROCE): 28.6%
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FIIs have consistently raised stakes since June 2022.
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News-based pick
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IEX (FTR): Buy at Rs 185, Stop Loss at Rs 175
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Electricity trading volumes are up 16 per cent YoY to 9,689 MU.
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Green market volumes surged 332 per cent YoY.
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Best pick
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PowerGrid: Buy at Rs 400
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Duration: 1 year
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A leading name in the power sector.
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10:57 AM IST