Hi Diksha, I am making profits over my price on LIC Housing, Coal India and Tata Communications? Do you suggest I should book out of these calls you had given?

For the time being, I would not suggest booking profits on any of these stocks. With the Fed being neutral, we are likely to see further rally in the markets in the short run as most of the cyclicals are likely to catch up. My specific suggestion for the 3 stocks mentioned by you are captured as under.

· LIC Housing Finance Rs.425 (CMP – 431) – Suggest to Hold

· Coal India Rs.154 (CMP – 162) – Suggest to Hold

· Tata Communications Rs.1,379 (CMP – 1,450) – Suggest to Hold

The primary focus will be trim positions by making the best of the Fed rally.

Hi, what do you mean by trim position. It's now or later and when.?

To trim positions means to cut down your exposure. Ideally, this is done over a period of time. For example, if the Nifty at 17,900 is at a P/E of 28X, then you decided that between 17,900 and 18,300, you will gradually reduce your exposure to equities from 35% to 30%. Trimming is done immediately once the decision is taken but phased out.