InvestorQ : Hi Diksha, can I book profits in Tata Chemicals since I am making profits on the trade? Also, are there any fresh positions to take on 07 April?
Niti Shenoi made post

Hi Diksha, can I book profits in Tata Chemicals since I am making profits on the trade? Also, are there any fresh positions to take on 07 April?

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diksha shah answered.
8 months ago
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On Tuesday, there was a visible shift to defensives like FMCG and the metal stocks continued to attract buying interest. As we approach the Sensex 50,000 and Nifty 15,000 levels, it is best to keep taking profits off the table. I am anyways suggesting to take profits from Tata Chemicals for now. Here is the trade.

· Tata Chemicals at Rs.773 (CMP-811) – Book Profits

Regarding your query on what stocks to buy, I suggest Tata Motors at a price of Rs.308 with target price of Rs.350 in 2-3 months. Tata Motors is a dual play on recovery in consumer demand and the shift to environment friendly cars. Of course, that is a long term story, but solid sales numbers reported in Q4, should serve as a short term trigger for TAMO.

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