InvestorQ : How does the market look on Friday 11 September? Diksha Madam, you have been giving good trading ideas, can you also give an update on the same?
Rutuja Nigam made post

How does the market look on Friday 11 September? Diksha Madam, you have been giving good trading ideas, can you also give an update on the same?

Answer
user profile image
diksha shah answered.
3 weeks ago


It was Reliance all the way on Thursday as it touched $200 billion market cap mark. There are also talks of a $20 billion deal with Amazon. RIL was up 8% on Thursday, pulling the entire market higher. However, IIP on Friday and inflation on Monday are expected to be unfavourable so it calls for caution. Dow Jones Index was down 450 points and the NASDAQ was down over 225 points even as European markets also remained substantially weak. SGX Nifty is weak and markets could be cautious ahead of the weekend.

Here is a quick update on some major calls given in the last month plus…

· Rallis given at 285 (CMP-297) – Suggest to hold

· Deepak Fertilizers given at 160 (CMP-161) – Suggest to exit

· HDFC Bank given at 1000 (CMP-1092) – Suggest to exit

· Bandhan Bank given at 288 (CMP-307) – Suggest to hold

· M&M Financials given at 135 (CMP – 130) – Suggest to exit

· Kirloskar Oil given at 107 (CMP-117) – Suggest to hold

· INOX Leisure given at 230 (CMP-291) – Suggest to exit

· ADF Foods given at 385 (CMP-376) – Suggest to hold

· BOB given at 48 (CMP-45) – Suggest to exit

· Adani Ports given at 345 (CMP-340) – Suggest to hold

· Biocon given at 394 (CMP-429) – Suggest to exit

· SBI Cards given at 820 (CMP-819) – Suggest to hold

· BHEL given at 39 (CMP-37) – Suggest to hold

· Coal India and PFC – traders can stop out their long positions

· Adani Enterprises given at 245 (CMP-298) – Suggest to exit

· Tata Motors given at 127 (CMP-144) – Suggest to exit

· Federal Bank at 60 (CMP-52) – Suggest to hold

· Reliance given at 2125 (CMP-2320) – Book partial profits

· Ashok Leyland given at 69 (CMP-68) – Suggest to hold

· HDFC Life given at 590 (CMP-602) – Suggest to hold

· Tata Consumer given at 540 (CMP-546) – Suggest to hold

· Wipro given at 280 (CMP-285) – Suggest to hold

This excludes the regular profit booking ideas give to you on a routine basis.

Stay cautious on Friday being the last trading day of the week and also considering that border situation is yet to stabilize.