InvestorQ : I am holding JSW Steel bought at Rs.670, can I book profits? Also do you suggest any fresh trading ideas for the day?
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I am holding JSW Steel bought at Rs.670, can I book profits? Also do you suggest any fresh trading ideas for the day?

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diksha shah answered.
3 months ago
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In fact, I am recommending to book profits on two stocks viz. IGL and JSW Steel. In your case, since you bought JSW Steel at lower levels, you can certainly look to moving profits out. This is an all-time high market and hence you can continue to invest but keep churning profits out quickly. That is the key. Here is what I suggest.

· Indraprastha Gas at Rs.568 (CMP-595) – Book Profit

· JSW Steel Rs.680 (CMP – 695) – Book Profit

Let me turn to your question on what stocks to buy. I am suggesting two stocks for the day and both are commodity stocks that are expecting to gain from a hike in end product prices. You can buy Coal India at Rs.154 for target of Rs.175 and you also purchase NALCO at Rs.100 for upside targets of Rs.122. Both are momentum ideas so you can keep a time frame of one month to hold. Aluminium prices are at 13-year highs and global coal prices are steeply up.

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