InvestorQ : Hi Diksha do you have any ideas for booking profits or for fresh buying of stocks for Wednesday 13 January?
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Hi Diksha do you have any ideas for booking profits or for fresh buying of stocks for Wednesday 13 January?

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diksha shah answered.
2 weeks ago
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On Tuesday, I had suggested an exit in Bajaj Auto after the sharp rally. For Wednesday, you can look to book profits in the stocks of Infosys and FACT. Ideally you can look for levels of Rs.1385 on Infosys and Rs.90 on FACT but in this market you must look at churning opportunities so don’t get obsessed with particular levels.

Here are my two key profit booking suggestions for 13 January.

Infosys at Rs.1308 (CMP-1377) – Book Profits

FACT at Rs.76 (CMP-87) – Book Profits

On the results front, on Tuesday Tata Elxsi results were sharply better for the Dec-20 quarter. While top line was good, the net profit performance was also very strong, led by its core design driven IT services. Karnataka Bank benefited in the Dec-20 quarter from a sharp fall in the cost of funds. That could be theme for banks in Dec-20 quarter.

Let me now turn to what stocks to buy for 13 January

The good news is that even in the midst of Nifty touching all-time valuations of 40X, there are pockets of optimism. I suggest you buy the following two stocks for 13 Jan.

You can look to buy GAIL at Rs.141 for targets of Rs.175 in 1-2 months. The stock has been on an upswing due to its clear dominance in gas transport infrastructure with over 70% share. Markets are betting on a positive shift in the gas mix favouring GAIL.

Another energy stock to focus on is Coal India which you can look to buy at around Rs.145 for targets of Rs.165 over the next one month. There is a renewed thrust on coal and the new coal policy is likely to put renewed focus on domestic coal output over imports.

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