InvestorQ : Hi Diksha, do you have any ideas to either book positions out or to make fresh entry for 17 March?
Anamika Sodhani made post

Hi Diksha, do you have any ideas to either book positions out or to make fresh entry for 17 March?

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diksha shah answered.
2 months ago
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One thing we are seeing in the last few days is the gradually trending lower towards the 20 levels and that is a very good signal. This is a reasonable level and hints that downsides could be limited, although upsides are not yet clear. However, if the US comes out with a clear intent to make policy win over yields, then sentiments could change for the better.

Regarding our open positions, you can look to hold to our other positions. However, you can look to profit in HCL Tech at around the range of 1015-1020 on Wednesday. I do suggest taking money of the table on HCL Tech as indicated below.

· HCL Tech at Rs.985 (CMP-1010) – Book Profits

Regarding your query on what stocks to buy, I am not suggesting any fresh stocks for Wednesday. The trend of the last few days has been one of giving up value at higher levels. Ideally, traders must avoid falling into a value trap in these markets. Since there are a number of open positions, I am not suggesting further positions at this point. However, if you missed out on the sugar stocks on Tuesday, you can still buy at the said levels.

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