Hi Diksha, do you have any profit book ideas for the day and what is the update on the stocks you have suggested? Is there is anything fresh to buy in the markets?

I suggest you book profits on our existing position on HPCL. You can just hold on to the remaining positions. However, I suggest you keep stocks like BHEL, LIC Housing, Reliance, GAIL and Coal India out of my suggestions on your radar.

If you are already long, there could be a good show soon. Also, in case you missed out on any of them, you can even look to take positions fresh in these counters. Overall, you must be hedging your positions at the Nifty trading at 40X P/E ratio.

There have been concerns about my trading ideas like Bectors Food and Burger King. Both are solid stocks and the selling is almost subsided. You must wait for the dust to settle and even look to average. QSR is a solid business and you must be part of it.

Let me now turn to your question on stocks to buy for today

I would suggest you hold on for now. As I mentioned earlier, in case you have not taken any of the stocks I listed, you can still buy them. Being the last day of the week, I am not suggesting any fresh stock ideas for Friday. We will take a fresh view on the market in the coming week.