InvestorQ : Hi Diksha, do you suggest that I should buy any of the stocks at lower levels? Some of my holdings are down, so should I hold on?
Arti Chavan made post

Hi Diksha, do you suggest that I should buy any of the stocks at lower levels? Some of my holdings are down, so should I hold on?

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diksha shah answered.
4 days ago
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The sharp market correction in the last one week has resulted in MTM losses on a number of holding positions suggested in the recent past. However, I do not see any point in exiting any of these stocks at current prices, even when they are at profits. We can wait for sentiments to revive before taking a call.

There are some positions like Shilpa Medicare, Bector Foods, HCL Tech and Cadila where the losses are a tad steep, but we can take a view on them after the market stabilizes as I am fundamentally quite confident of these stocks. Some of our holdings in Hindalco, HZL are in profits but it would be too premature to exit them and we will wait for the trend to play out.

Let me now turn to what stocks to buy for the day?

While markets continue to remain volatile, you must also look at this situation as an opportunity to take selective long positions in certain stocks that have become relatively attractively priced in the last few days. For Tuesday 23 February, I would suggest the following additions to your trading positions.

· You can further sharpen your metal positions by adding SAIL at Rs.66 for short term targets of Rs.85 in the next 1-2 months. The positive sentiments and strong quarterly results are likely to continue and hint at underlying strength. In the Dec-20 quarter, steel showed traction on volumes front and pricing and that is likely to sustain in Q4 also.

· This stock may have already done well, but it still has road to cover. You can look to buy Bharti Airtel at Rs.568 for upside targets of Rs.630 in 1-2 months. In the voice and data space, Bharti Airtel emerged as the best incremental performer in the latest quarter and once it raises Rs.7500 crore in overseas bonds, it can also take up pending investments.

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