InvestorQ : Hi Diksha, do you think lighten positions in the light of weak markets? Alternatively, do you suggest any fresh stocks to buy?
Chandralekha Desai made post

Hi Diksha, do you think lighten positions in the light of weak markets? Alternatively, do you suggest any fresh stocks to buy?

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diksha shah answered.
5 months ago
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For Monday, I am not really giving any exit calls and you can hold on to positions for now. Let me explain. The broader markets are still stable if you leave out the Adani group companies and the metal stocks. Also, the VIX at 14.5 does hint at limited downside risk. We will take a call based on the opening later in the week as trade could be weak on Monday.

Trading on Monday is likely to be largely in the grip of the bears. That would be the story in the first half, although things could sharply change in the second half of the day. We are not giving any fresh calls, but I could be looking at reiterating our recent calls once there is a sign of the markets stabilizing. It is best to stay in the side lines and let the market stabilize first before attempting any fresh positions.

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