Hi Diksha, do you have any suggestions for profit booking or for buying stocks in the market on Tuesday 16 February?

On Monday, I had asked to get out of ITC after the disappointing results with a small loss. I had also asked to book profits in Piramal Enterprises, which I am sure has turned out profitable for investors with patience. Apart from these two, I am not suggesting any further changes in stock holdings for Tuesday.

Regarding your query on fresh positions, I suggest to hold your horses for the now. The markets could get jittery as the indices have shown a relentless rally since the Union Budget. For Tuesday, we shall avoid fresh positions, although banks continue to be the favourites in this market, despite all the valuation concerns.