InvestorQ : Hi Diksha, do you have any stock picks for the 09 November, Monday? Should I wait for dips to buy in the market now? What about open positions that you have suggested?
Arusha Ray made post

Hi Diksha, do you have any stock picks for the 09 November, Monday? Should I wait for dips to buy in the market now? What about open positions that you have suggested?

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diksha shah answered.
2 weeks ago
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Ideally, I suggest that you don’t go overboard buying into this rally. Use rallies to get out of stocks that are looking stretched and stick to stocks that have shown good traction on quarterly results. There is more of a safety net there.

I am not suggesting fresh buys but even out of existing positions that are still open, you should use sharp spikes to lighten your holdings. At the end of the day, there is only so much difference that Biden can make. Here is a quick summary of open positions.

· HDFC Life given at 590 (CMP-591) – Suggest to hold

· Tata Consumer given at 540 (CMP-504) – Suggest to hold

· UPL given at 530 (CMP-424) – Average at current prices

· Shilpa Medicare given at 565 (CMP-428) – Average positions

· Piramal Enterprises given at 1350 (CMP-1340) – Suggest to hold

· Godrej Agrovet at 533 (CMP-502) – Suggest to hold

· Wipro at 345 (CMP-348) – Suggest to hold

· Hindalco at Rs.185 (CMP-188) – Suggest to hold

· NTPC at Rs.86 (CMP-88) – Suggest to hold

· HDFC at Rs.2100 (CMP-2137) – Suggest to hold

· Adani Enterprises at Rs.350 (CMP-351) – Suggest to hold

· Apollo Tyres at Rs.145 (CMP-154) – Suggest to hold

I am only giving you a quick update of existing open positions after booking out substantially on Friday. Markets are fairly stretched at this point of time mere on the back of hope. Instead of jumping into fresh positions, wait for dips to initiate fresh buys.

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