InvestorQ : My question to Diksha is whether there are any solid stock trading ideas for 08 October and are there any stocks to take profits from?
sara Kunju made post

My question to Diksha is whether there are any solid stock trading ideas for 08 October and are there any stocks to take profits from?

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diksha shah answered.
3 weeks ago
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I have been giving you ideas on what stocks to initiate and what to book out of and where to trigger SL. You can focus on these ideas for 08 October.

· You can book profits in Advanced Enzymes we had given just 2 days back as the stock is up nearly 8% since the call given. Most of the short term momentum in the market will come from the IT stocks and the healthcare stocks for the time being.

· Accumulate Wipro at Rs.335 for targets of Rs.360 in the short term on the back of better results and a buyback announcement on 13 October. Wipro may be at a 20-year high but it has broadly lagged most IT stocks including HCL Tech.

· If you had triggered the stop loss on Adani Green Energy around 730 levels earlier this week, you can accumulate the stock at around 698 levels. Take a 2-3 months perspective and you can expect a price target of around Rs.850 from current levels.

As we approach the weekend, I would advise some caution because the advance-decline ratio is dipping below 1 and the volatility index or VIX is back above 20.

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