InvestorQ : Hi, would you suggest any weekend buying ideas for 09 April? Do you feel I should take off profits on any stock?
Priyanka N made post

Hi, would you suggest any weekend buying ideas for 09 April? Do you feel I should take off profits on any stock?

Answer
image
diksha shah answered.
4 weeks ago
Follow

On Thursday, you can take profits on the Balrampur Chini stock which has already gained 15% since it was first suggested to be purchased. You can hold the remaining positions for the time being and we will look at opportune moments. The big challenge is to sustain above 15,000 levels on Nifty and 50,000 of Sensex supported by adequate volumes. Here is our call on Balrampur Chini for position closure and profit taking.

· Balarampur Chini at Rs.210 (CMP-242) – Book Profit

IN terms of taking fresh positions, Friday being the last day of the week and next week being again truncated, you can stay off any fresh buying for the time being. Take a fresh view on the markets next week and hopefully you should get a clearer picture of whether the Nifty sustains above the 15,100 mark. Of course, the VIX sustaining around the 20 levels is a very good sign as it indicates that downsides could be limited.

4 Views