Hi Diksha, do you suggest any profit booking in open positions? Also, do you suggest buying any fresh stocks in the market today?
Answer
Answer
Yesterday on Tuesday, I had not recommended any modifications to the list of stocks held. On Wednesday, I would suggest that you take profits off the table on Hindustan Zinc and Apollo Tyres. Both the stock have done appreciably well in a short span of time and it is best to keep churning. For the remaining positions, you can hold on for now. Here is how.
Hindustan Zinc at Rs.302 (CMP-315) – Book Profits
Apollo Tyres at Rs.235 (CMP-247) – Book Profits
Let me turn to question on what stocks to buy for Wednesday. I am not recommending fresh positions for the day. There are some select opportunities in the PSU stocks but will wait and buy these stocks on dips. The markets would be in a broad range for now, although individual stocks will still perform better on the back of news flows. Keep an eye on these.