Hi Diksha, can you suggest if there are any more profit booking opportunities out of the stocks suggested by you. I have taken positions in most stocks suggested by you?

You may recollect that on 03 December I had suggested booking profits on Tata Consumer. For Friday, you can book profits in Hindalco and DLF as both stocks have rallied sharply to offer trading profits. Here is a quick update on some of the positions still open.

UPL given at 480 (CMP-456) – Suggest hold at average price

Shilpa Medicare given at 501 (CMP-455) – Suggest hold at average price

Godrej Agrovet at 533 (CMP-515) – Suggest to hold

Cipla at Rs.760 (CMP-762) – Suggest to hold

Indian Oil Corp at Rs.87 (CMP-90) – Suggest to hold

Hindalco at Rs.225 (CMP-242) – Book Profits

DLF Ltd at Rs.189 (CMP-203) – Book Profits

Tata Steel BSL at Rs.35 (CMP-39) – Suggest to hold

Tube Investments at Rs.805 (CMP-835) – Suggest to hold

Manappuram Finance at Rs.173 (CMP-175) – Suggest to hold

Canara Bank at Rs.109 (CMP-110) – Suggest to hold

Bharti Infratel at Rs.225 (CMP-239) – Suggest to hold

Tata Chemicals at Rs.427 (CMP-455) – Suggest to hold

Markets could be volatile on Friday the 04 December due to weekend caution and credit policy worries, especially on policy accommodation. However, the undertone remains very encouraging as long as Nifty holds 13,000 and the VIX remains below 22 levels.