After a 300 points correction in Nifty last month there are lots of buying opportunity in the market as of now.But the important question is the stock selection. Obviously stock selection is very difficult task in this current market scenario.So I am adding low beta and fundamentally strong stocks at this point of time.I also request my clients and followers to add only quality fundamentally strong stock and least debt companies only in portfolio.Dont buy stocks who have large debt and whose promoters stakes are pledged.
Now I would like to add two fundamentally strong companies namely Tata Global Beverages and Cairn India in my trading portfolio. Cairn India is Indias second largest refining company after Reliance industry.Recently Vedanta group bought acquired Cairn India.Now Cairn India is trading at Rs.290.Its 52 week low is at 285.So I am buying 35 shares at 290(35*290=10150) levels for a target of 330.
Secondly I would like to buy Tata Global at Rs.130 levels for a target of 160 plus.I am buying 80 shares of TGBL for Rs.10400 in trading portfolio.
Kindly note that I choosen these stocks so that I can hold these companies for another six month minimum
My cash reserve in trading portfolio is reduced from Rs.82034 to Rs.61484 after buying this two stocks