One thing to remember in this market is that your profit taking must continue irrespective of market levels. At every level of the Nifty, there are buying and selling opportunities. Ideally your approach should be totally stock specific.
I have been highlighting in the last few days, you should use this rally to take profits where available. On 12 November, I suggest booking out of NTPC and Prabhat today. Ideally, if you see quick returns of 8-10% in any stock within a month, just take profits out. Here is a quick status summary.
· NTPC at Rs.86 (CMP-93) – Book Profit
· Prabhat Dairy at Rs.56 (CMP-64) – Book Profit
· Tata Consumer given at 540 (CMP-505) – Average at current price
· UPL given at 530 (CMP-437) – Average at current prices
· Shilpa Medicare given at 565 (CMP-419) – Average positions
· Godrej Agrovet at 533 (CMP-502) – Suggest to hold
· Wipro at 345 (CMP-347) – Suggest to hold
· Adani Enterprises at Rs.350 (CMP-361) – Suggest to hold
· Cipla at Rs.760 (CMP-742) – Suggest to hold
· Motherson Sumi at Rs.125 (CMP-132) – Suggest to hold
· PNB at Rs.29 (CMP-29.5) – Suggest to hold
I am keeping a close watch on Adani Enterprises and Motherson too. We also expect an exit in Cipla soon, in the midst of this momentum.
One thing to remember in this market is that your profit taking must continue irrespective of market levels. At every level of the Nifty, there are buying and selling opportunities. Ideally your approach should be totally stock specific.
I have been highlighting in the last few days, you should use this rally to take profits where available. On 12 November, I suggest booking out of NTPC and Prabhat today. Ideally, if you see quick returns of 8-10% in any stock within a month, just take profits out. Here is a quick status summary.
· NTPC at Rs.86 (CMP-93) – Book Profit
· Prabhat Dairy at Rs.56 (CMP-64) – Book Profit
· Tata Consumer given at 540 (CMP-505) – Average at current price
· UPL given at 530 (CMP-437) – Average at current prices
· Shilpa Medicare given at 565 (CMP-419) – Average positions
· Godrej Agrovet at 533 (CMP-502) – Suggest to hold
· Wipro at 345 (CMP-347) – Suggest to hold
· Adani Enterprises at Rs.350 (CMP-361) – Suggest to hold
· Cipla at Rs.760 (CMP-742) – Suggest to hold
· Motherson Sumi at Rs.125 (CMP-132) – Suggest to hold
· PNB at Rs.29 (CMP-29.5) – Suggest to hold
I am keeping a close watch on Adani Enterprises and Motherson too. We also expect an exit in Cipla soon, in the midst of this momentum.