You are right, Sarda was a tad weak on Tuesday, so if you did not get an opportunity to sell out no problem. You can do it Wednesday and the stock is quoting at Rs.910, which is a good level to exit the stock. I am also suggesting to exit Devyani International which is up 12% in the last few days. You can book profits in both these stocks. Here is the gist.
· Devyani International Rs.121 (CMP – 137) – Book Profits
Regarding fresh buying, I suggest you wait for the Fed meeting outcome on Wednesday night as it is likely to have a strong impact on the stock market performance. Liquidity will play a key role in the Indian markets and outcome of the Fed statement will set the tone for liquidity and also for any possible rate hikes in future.
You are right, Sarda was a tad weak on Tuesday, so if you did not get an opportunity to sell out no problem. You can do it Wednesday and the stock is quoting at Rs.910, which is a good level to exit the stock. I am also suggesting to exit Devyani International which is up 12% in the last few days. You can book profits in both these stocks. Here is the gist.
· Devyani International Rs.121 (CMP – 137) – Book Profits
Regarding fresh buying, I suggest you wait for the Fed meeting outcome on Wednesday night as it is likely to have a strong impact on the stock market performance. Liquidity will play a key role in the Indian markets and outcome of the Fed statement will set the tone for liquidity and also for any possible rate hikes in future.