InvestorQ : How do you see the markets on October 01? Can you also tell me what I should be doing with the recommendations given you in the recent past?
Niti Shenoi made post

How do you see the markets on October 01? Can you also tell me what I should be doing with the recommendations given you in the recent past?

Answer
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diksha shah answered.
3 weeks ago


This truncated week was better than previous week which saw aggressive correction. Friday is a non-trading day due to Gandhi Jayanti so I will give you a look for the weekly calls and review today itself. On Friday, the current account surplus at $20 billion was favorable but the fiscal deficit threatens to go out of control. FIIs have now sold over Rs.14,000 crore in the last 8 trading sessions and that is a big overhang. Expect some caution on 01 October trading due to long weekend. No fresh calls today but let us review positions.

Here is an update on major calls given in the last 45 days. Profit booking is in bold.

· Adani Ports given at 345 (CMP-345) – Suggest to hold

· SBI Cards given at 820 (CMP-846) – Book Profits

· HDFC Life given at 590 (CMP-559) – Suggest to hold

· Tata Consumer given at 540 (CMP-499) – Suggest to hold

· Tech Mahindra given at 760 (CMP-790) – Book Profits

· Glenmark given at 480 (CMP-482) – Suggest to hold

· Larsen & Toubro given at 916 (CMP-901) – Average at these levels

· Avanti Feeds given at 535 (CMP-497) – Suggest to hold

· UPL given at 530 (CMP-502) – Suggest to hold

· Bharti Airtel given at 485 (CMP-420) – Average at these levels

· DLF given at 162 (CMP-152) – Suggest to hold

· Cipla given at 770 (CMP-776) – Suggest to hold

· Vidhi Specialty Foods at 106 (CMP-123) – Book Profits

· Biofil Chemicals at 52 (CMP-55) – Suggest to hold

· Cadila given at 395 (CMP-396) – Suggest to hold

· Amara Raja Batteries given at 720 (CMP-764) – Book Profits

· Tata Steel given at 368 (CMP-359) – Suggest to hold

· Ambuja Cements given at 216 (CMP-217) – Suggest to hold

· Tata Motors given at 133 (CMP-134) – Suggest to hold

· Camlin Fine given at 106 (CMP-115) – Suggest to hold

· Shilpa Medicare given at 565 (CMP-562) – Suggest to hold

· Granules given at 378 (CMP-384) – Suggest to hold

On 01 October, the action will be focused on the 2 IPO listings of CAMS and Chemcon.