Do you suggest any fresh positions for Monday 19 April and do you have any suggestions to close out existing positions in Shilpa Medicare and Bharti Airtel?
Answer
Answer
Let me talk about your query on Shilpa and Bharti Airtel first. Both stocks are having momentum that is favourable for the time being. Since the SGX Nifty early signals are weak, we can avoid any shifting of positions. We should see better growth traction in the coming months after COVID stabilizes. Here is my take on the two stocks.
· Shilpa Medicare given at 460 (CMP- 382) – Hold at Averaged Price
· Bharti Airtel at Rs.546 (CMP-539) – Suggest hold
Let me now shift to your query on what to buy. I am avoiding any fresh calls for Monday for two reasons. Firstly, we are heavily invested and secondly there is no point in buying into volatility at this point of time. We would rather wait. However, if you haven’t taken my 2 calls on Apollo Tyres and Adani Ports given on Friday, you can take it at the price mentioned.