My question to Diksha is whether there are any solid stock trading ideas for 08 October and are there any stocks to take profits from?

I have been giving you ideas on what stocks to initiate and what to book out of and where to trigger SL. You can focus on these ideas for 08 October.

· You can book profits in Advanced Enzymes we had given just 2 days back as the stock is up nearly 8% since the call given. Most of the short term momentum in the market will come from the IT stocks and the healthcare stocks for the time being.

· Accumulate Wipro at Rs.335 for targets of Rs.360 in the short term on the back of better results and a buyback announcement on 13 October. Wipro may be at a 20-year high but it has broadly lagged most IT stocks including HCL Tech.

· If you had triggered the stop loss on Adani Green Energy around 730 levels earlier this week, you can accumulate the stock at around 698 levels. Take a 2-3 months perspective and you can expect a price target of around Rs.850 from current levels.

As we approach the weekend, I would advise some caution because the advance-decline ratio is dipping below 1 and the volatility index or VIX is back above 20.