InvestorQ : Hi Diksha, do you have any new buying ideas for stocks on 03 Feb? Are there are any positions I need to exit at profit like JSW Steel or Tata Power?
indhumathi Sayani made post

Hi Diksha, do you have any new buying ideas for stocks on 03 Feb? Are there are any positions I need to exit at profit like JSW Steel or Tata Power?

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diksha shah answered.
3 weeks ago
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On Tuesday I had suggested to book profits in ICICI Bank and TVS Motors after both these stocks had seen a sharp rally in a short span. For Wednesday, there are a number of stocks including the ones mentioned by you which are interestingly poised and in profits. However, it would be best to wait for confirmation that the Nifty will hold the 50,000 levels.

Here is my take on the stocks that are trading above the purchase price suggested.

· LIC Housing at Rs.433 (CMP-441) – Suggest to hold

· JSW Steel at Rs.382 (CMP-389) – Suggest to hold

· Tata Power at Rs.79 (CMP-84) – Suggest to hold

· Cipla at Rs.805 (CMP-826) – Suggest to hold

In all the above stocks, my suggestion is to hold on for now and we can take a fresh view later on.

Regarding fresh stocks to buy at this point, for today things are already committed to a good number of positions representing most of the positive views on stocks. Hence I am not adding any further positions for Wednesday. Ideally, I would suggest to first lighten some of the existing positions at opportune moments before adding more fresh positions.

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