InvestorQ : Do you have any idea for fresh buying in the market or exiting positions in the market for 20 May?
prachi Patwardhan made post

Do you have any idea for fresh buying in the market or exiting positions in the market for 20 May?

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diksha shah answered.
4 weeks ago
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Yes, I am suggesting to exit out of 3 key positions at a profit. You can book profits on Mazagon Docks, Gravita India and BHEL. You can exit at a profit considering the levels of the Nifty and also the inherent uncertainty, although profits may be relatively small. Here is a quick take.

· Mazagon Docks at Rs.211 (CMP-219) – Book Profits

· Gravita India at Rs.107 (CMP – 115) – Book Profits

· BHEL at Rs.67 (CMP – 74) – Book Profits

Now let us turn to what to buy for 20 May. I suggest buying two stocks. Look to buy IOCL, after solid profit numbers and strong GMR and inventory gains with crude at $70/bbl. Buy at Rs.107 with target of Rs.125. Also look to buy specialty chemicals play, Aarti Industries, at a price of around Rs.1665 for upside targets of Rs.1850 in 2-3 months time-frame.

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