InvestorQ : Hi Diksha, any stock positions to close out for today and do you have any new trading ideas?
Crowny Pinto made post

Hi Diksha, any stock positions to close out for today and do you have any new trading ideas?

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diksha shah answered.
3 months ago
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On Wednesday I had asked to book out of BHEL and Reliance Industries at a profit. It now looks like the Sensex would shortly test 50,000. However, the bigger question is whether it can sustain above the level. I will not make too many changes to the existing positions for Thursday. The next two days will be crucial to test this breach in levels.

For Thursday, I am not suggesting you to book out of any trades. In fact, stocks like GAIL, Coal India or Piramal Enterprises and HCL Tech are worth buying as they are still close to our recommended levels and looking all set to benefit from positive news flows. In case you missed out, you can look to add any of them.

There are 2 critical levels for you to watch out for. With Nifty and Sensex delicately poised, there are critical psychological levels to look forward to. For the Sensex, such level will be 50,000 while for Nifty it will be 15,000. If this rally has to sustain, it will depend on how convincingly the above levels on the index are breached with volume support.

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