Hi Diksha, do you suggest any profit booking of positions for Wednesday? Your call on SBI Life was good, do you suggest any other trading ideas for 10 March?
Answer
Answer
On 09 March, I had not suggested any exits from positions. On Wednesday, I suggest that you exit BHEL at current price of Rs.56-57 and take profits off the table. Since there are a number of open positions open, it would be advisable to keep taking profits at regular intervals. I will tell you about the other stocks later. Here is your quick view.
BHEL at Rs.49 (CMP-56) – Book Profits
Regarding the question on what to buy, you are right that the call to buy SBI Life did extremely well on Tuesday. However, I had given this stock for a slightly long-term holding with a bigger target, so it is best to wait for now. We could see an upward re-rating of the stock so you can hold on for longer. There are no fresh trading ideas for the day.