InvestorQ : Do you have any fresh trading ideas for 18 November and what should I do with the existing calls that I am holding? Any profit booking you suggest?
sara Kunju made post

Do you have any fresh trading ideas for 18 November and what should I do with the existing calls that I am holding? Any profit booking you suggest?

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diksha shah answered.
1 week ago
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Let us talk about the exit options first. Out of the existing holdings, there is one profit booking suggestion that I am giving. If you have entered Chambal Fertilizers at around Rs.171 then you can exit around 186-187 and take profits. Other positions you can hold.

Regarding fresh positions, there are two additional stocks that I am suggesting at this point of time to add to your portfolio. Both these recommendations are for 2-3 months of delivery and therefore more from a medium term perspective.

· Buy Tata Motors at Rs.157 for targets of Rs.185. JLR sales have picked up sharply and TAMO is also likely to benefit from the debt reduction and asset monetization. Both are likely to reduce risk and enhance returns for TAMO.

· There is value in purchasing Federal Bank at Rs.58 with clear upside targets of Rs.72 in 1-2 month time frame. At an attractive P/E ratio of 7.5X, Federal Bank looks substantially underpriced and asset quality is also strong.

I have been emphasising time and again that this is the market to ideally maintain a stock specific approach. Don’t bother yourself too much with index levels as that is driven more by short covering. As long as VIXI is below 20, use dips to keep buying into the market.

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