Hi Diksha, can we book out of more of the existing ideas that you have already given? What do you suggest?

I agree with you that you should use every opportunity to take profits as we still are in an extremely vulnerable market and the euphoria will not last forever. I have been underlining to take profits where available. Out of my existing calls, I suggest taking profit on HDFC Life and other can wait for now. Here is a quick update for you.

· HDFC Life given at 590 (CMP-615) – Book Profit

· Tata Consumer given at 540 (CMP-497) – Average at current price

· UPL given at 530 (CMP-433) – Average at current prices

· Shilpa Medicare given at 565 (CMP-415) – Average positions

· Godrej Agrovet at 533 (CMP-491) – Suggest to hold

· Wipro at 345 (CMP-343) – Suggest to hold

· NTPC at Rs.86 (CMP-92) – Suggest to hold

· Adani Enterprises at Rs.350 (CMP-361) – Suggest to hold

· Prabhat Dairy at Rs.56 (CMP-65) – Suggest to hold

· Cipla at Rs.760 (CMP-723) – Suggest to hold

In the case of Cipla given on Tuesday, if you bought at higher levels, you can average at lower prices as the target of Rs.850 remains intact.