InvestorQ : Hi Diksha, can I book profits on Tata Motors, Motherson Sumi and Likhitha Infrastructure? What are your fresh trading tips for the 07 January 2020?
Arti Chavan made post

Hi Diksha, can I book profits on Tata Motors, Motherson Sumi and Likhitha Infrastructure? What are your fresh trading tips for the 07 January 2020?

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diksha shah answered.
7 months ago
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Well if you recollect, I had already suggested getting out of Motherson Sumi and also Likhitha Infrastructure. You can exit Likhitha, ideally you should get around 210 levels and that would be a good level while Motherson above 170 is a good exit. For Thursday, you can look to exit Tata Motors closer to the price of Rs.199-200, which will be a good return.

I have substantial suggested to trim positions in the market and this gives the leeway to add more positions in the market when the opportunity arises. I suggest staying a tad cautious on IT stocks as the recent Georgia election outcome could be an overhang. Also, there are times I may ask you to book early profits, but the idea is to keep churning money in these very volatile markets.

Let me now turn to what stocks to buy. This being a volatile market, you should ideally do some bargain hunting irrespective of whether you are buying or selling. Wait for prices rather than jumping in. There may be a lot of stocks touching new highs, you should ideally wait for better levels to enter. I do see a lot more opportunities in mid and small caps.

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