Hi Diksha, are you suggesting to cut more positions on Wednesday out of the existing open positions?

I think, we have cut nearly 4 positions on Tuesday so we are already light and can go slightly easy on Wednesday. I would suggest that since market is trending higher but rotation is also happening, just wait for today. For now, financials and metals could be in the limelight. Here is a quick update on some of the open positions I had suggested.

· Tata Consumer given at 520 (CMP-526) – Suggest to Hold

· UPL given at 480 (CMP-428) – Suggest hold at average price

· Shilpa Medicare given at 501 (CMP-436) – Suggest hold at average price

· Godrej Agrovet at 533 (CMP-517) – Suggest to hold

· Cipla at Rs.760 (CMP-750) – Suggest to hold

· Power Finance Corp at Rs.101 (CMP-105) – Suggest to hold

· Indian Oil Corp at Rs.87 (CMP-86.15) – Suggest to hold

· Federal Bank at Rs.58 (CMP-59) – Suggest to hold

· Bandhan Bank at Rs.348 (CMP-360) – Suggest to hold

· M&M Finance at Rs.154 (CMP-167) – Suggest to hold

· Motherson Sumi at Rs.143 (CMP-145) – Suggest to hold

· Equitas Ltd at Rs.63 (CMP-68) – Suggest to hold

Since we have just gone light on Tuesday, we will wait to see if the Nifty holds above 13,000 and then take a selling view on any of these holdings.