Please post all your Generic queries / discussion points / inputs on the blog for the month of April 2010, in this section as comments. Any query or comments specific to a post on the blog should be posted under that section only and not under this Q&A.
Thanks
Nilesh
Tracking, Trading and Investing in the Markets 
SIR,
ABOUT HMT CALL GIVEN BY YOU ON 12TH APRIL,2010…WHAT IS YOUR SUGGESTION NOW? HOLD OR EXIT? SPECIALLY WHEN IT IS GOING TO DECLARE RESULT IN NEXT 3 DAYS? WHAT EXCPETATION? ADVICE PLS..THANKS
YUSUF
Comment by YUSUF — April 30, 2010 @ 10:28 pm
Hi Yusuf,
Company is anyways not a very good fundamental company.. But keep a stoploss of 76-77 and exit if it sustains below it…
Nilesh
Comment by Nilesh Baldwa — May 2, 2010 @ 2:57 pm
Hello Nilesh, Atlas cycle was rocking today, you are magical!!!! what do you think should be the next target for Atlas cycle 🙂 ….
Comment by dhiraj mark — April 30, 2010 @ 8:51 pm
Hi Dhiraj,
It has not reached my first target so I would expect that to achieve first and then see… The company was to announce results on Friday and it could affect movement on Monday. So lets see how it goes about it tomorrow.
Nilesh
Comment by Nilesh Baldwa — May 2, 2010 @ 2:23 pm
Nilesh ,
I couldn’t see the results anywhere . were they declared or postponed , any idea ?
Thanks
Comment by abid — May 2, 2010 @ 3:05 pm
You can see it on bse website but its really bad scan that I can hardly see it well.. but anyways we can see on Monday on NSE website and also stock should factor in the results on Monday.
Nilesh
Comment by Nilesh Baldwa — May 2, 2010 @ 4:12 pm
Hi Nilesh,
I have purchased Glory polyfilms @25/- today. the stock is suddenly trading with huge volumes. today it has done about 30lakh shares while the daily average is 2-3 lakhs. in fact 2 days back it traded 1 crore shares. Can you please give your inputs on this and what is the target for the stock technically.
Comment by Umesh — April 30, 2010 @ 3:59 pm
Hi Umesh,
Looks like something is cooking as share volumes increase a lot and share is trying to go at the upper end of the range. I think it can even go to 28 levels and around 30-32 levels it would face a lot of resistance. Above 32 there could be big movement in stock but even if it goes to 32 theen also it is big movement. For now I think you can hold on to it.
Nilesh
Comment by Nilesh Baldwa — May 2, 2010 @ 2:37 pm
Hi Nilesh,
I have purchased FDC @ RS.92, can you please provide the short term and long term future for this.
Rahul
Comment by Rahul — April 30, 2010 @ 11:19 am
Hi Rahul,
The stock is making new highs almost every week which is always good…The stock is unchartered territory and can go anywhere.. there is no fixed target you can keep on such type of stock… It will depend on how fundamentally company performs for coming quarters… It currently trades at around less than 12-13 PE for last 4 qtrs trailing PE… Looking at historic PE for this stock, I think it is at higher side only.. I would probably keep a stoploss of 80 in this stock as then it could become weak. On higher side it can go to any levels and difficult to say… Even with the type of industry it is in, it is difficult to guage if stock would outperform the markets on longer run or not.. Many people are positive on the stock and returns it can give so you need to let it monitor.. But I think good thing would be if stock can consolidate at higher level for some time in price and time terms and then make a new move which could be lot better and give us confidence also.
Nilesh
Comment by Nilesh Baldwa — May 2, 2010 @ 2:54 pm
Hi nilesh
pl suggest on entering NAVIN FL CHEM for medium term hold after todays fall in price as the results were below market expectations.
Comment by ami — April 29, 2010 @ 10:50 pm
Hi,
Do not buy it now as it seems to be going dow further.. let it come down and form a base and then consolidate before entering as at this moment I think it can even go to 320 and then also could come to 292-300 levels also.
Nilesh
Comment by Nilesh Baldwa — May 2, 2010 @ 2:56 pm
Hi Nilesh,
What is your outlook on uflex@100 and rain commodities@180 for medium term ( 3 to 4 months)
Comment by Anand — April 29, 2010 @ 7:06 pm
Hi Anand,
Uflex seems better than rain commodities.. Rai commodities had a very bad quarter and results were disappointing. It is technically also weak and I would not be surprised it it goes even lower. Uflex seems to have broken out today and if can sustain these levels then can go to 130 levels and higher. It is a fundamentally good stock and also not highly valued. Result is due for the company so if it shows good growth then can go further up.. As it has shown it could be aboring stock as tend to be in a range for long time and slow mover but hopefully it can show some momentum in coming days and go further up.. For uflex as it has already moved and moving fast so why to think about 3-4 months if you can get good returns earlier than that.. rather than duration think about price and at what levels you want to book out… Rain commodities can be weak and has to form a base before it can go up again.. 170-180 could be good support and at higher end 200-210 could be difficult to cross for some time.
Nilesh
Comment by Nilesh Baldwa — April 29, 2010 @ 8:23 pm
Hello Nilesh,how are you doing? Parekh Aluminex is going great guns since last 2 weeks or so, it has almost gone up by 100 rupees or so, what do you recommend through charts is it still strong enough to go further up or time for it to fall down, please reply.
warm regards
dhiraj mark
Comment by dhiraj mark — April 29, 2010 @ 4:17 pm
Hi Dhiraj,
I find it crazy at times for company share price to rise 75% in a month or so, I would be practical and prudent and rather than trying to catch the top book out atleast partial profits and keep rest (if you want to) with a trailing stoploss decided basedon what profit you want to protect. These are spectacular returns and we should have prudence to book profits also because profit not booked is just notional and do not do any good 😉
Nilesh
Comment by Nilesh Baldwa — April 29, 2010 @ 4:31 pm
hi nilesh, i m new to this mkt.as i am only 2-3 years old in this market whereas it takes much time to understand this mkt. i have tata metaliks @115 is there any chance of its going upto 175 rate
Comment by thaneshwar — April 28, 2010 @ 11:41 pm
Hi Thaneshwar,
The results have not come out so if it is not bad then I think this can go to 165 levels and sustaining over it can take it to 175 levels… On downside 145 levels mostly should not break unless results are a dampener.
Nilesh
Comment by Nilesh Baldwa — April 29, 2010 @ 8:48 pm
Dear Mr. Nilesh
Can i buy IPCA laboratories at the current levels for short term period i.e 2 to 3 months
thanks
Comment by harish — April 28, 2010 @ 5:36 pm
Hi Harish,
The share has been one of the best performing stocks for last year or so as it has almost reached 5-6 times its levels last year. The company has consisten results for last 3 qtrs and is in an industry which generally is defensive and is affected by litigations or other issues. The stock is in uptrend and consolidating for a month in very narrow range. It is staying above 260 and if it sustains it and breaks out of range of 260-280 then can show 300 levels but on downside can come to 240 or 250 levels but staying below it would be weak for it.. So in short the stock has not been doing much for a month and if results are good and outlook of market is nice it can probably go on upside but for now it is just in range and you need to watch out its movement or buy and keep the stoploss based on levels mentioned above.
Nilesh
Comment by Nilesh Baldwa — April 28, 2010 @ 8:34 pm
Dear Sir,
Is Skumars a good trading buy @63/65??
Also your take on the two ipo SJVN nd Jaypee Infra.
Rgds
Sonia
Comment by Sonia — April 28, 2010 @ 3:45 pm
Hi Sonia,
Regarding Skumars -> It is a trading stock in momentum and on every correction has come back strongly. Currently it seems to be headed towards 75-76 levels where can face resistance and on sustaining it can go to 84 levels. and then 95 levels. But the stock should not be bought when its moving like this but looked at on corrections… If you see the delivery percentage is very less and most of the stocks are being traded only… Anyways I am not comfortable buying into stock moving in straight line and stock has moved from 58 to 71 levels now.. And if you need to do trading make sure to be aware of trading risks and buy and follow trends intraday also.. but yes around 63/64 levels it can be bought but with stoploss of 57 and if lower then around 50 levels. About the IPOs, I need to go through them.
Nilesh
Comment by Nilesh Baldwa — April 28, 2010 @ 10:33 pm
Thnk U
Sonia
Comment by Sonia — April 29, 2010 @ 11:28 am
Hi Friend,
Bought Brandhouse @ 55/-. Now down to Rs.49/- you suggestion plz.
Rgds/
Comment by a044gun — April 28, 2010 @ 7:22 am
Hi,
I think it might not break 47.5 levels and if can go back above 50-51 then your price should come. but if it breaks below 47.5 levels then it can come down to 40-42 levels also. Now as you know the market conditions and so if market remains negative then it might come down but if uptrend or market is stable it can come back to 55-58 levels again but any further move is seen that it would come above 60 only … but even if it goes to 58 levels from here it is good move.
Nilesh
Comment by Nilesh Baldwa — April 28, 2010 @ 10:43 pm
Hi Nilesh,
How are you ? Need your advice on usher agro as it has already touched its 52 weeks high price.I want its short term target.
Thank You.
Comment by heesaf — April 28, 2010 @ 12:34 am
Hi Heesaf,
It is doing good and has shown good move, the stock if can sustain its momentum and make new highs and higher lows then it can go even to 90-95 levels in short term. Just see if stock can sustain at these levels and start its momentum again… For such stocks momentum and sustainance at higher levels is important and when you realise it is not doing so and weaking then trail stoploss and book your profits to protect them.
Nilesh
Comment by Nilesh Baldwa — April 28, 2010 @ 10:49 pm
Dear Sir,
Also wld like to knw whether srf and tata chem r a good buy at current levels.
Thnx nd Rgds,
Sonia
Comment by Sonia — April 27, 2010 @ 7:52 pm
Hi Sonia,
SRF is a good company and if results come good this quarter and share price can go above 220 levels and sustain there then it can easily go to 250 levels or so. So you can buy it but last time around at the time of result share was at the same price but with disappointing results it came down and went to 180 levels so be prepared for that also.
Tata Chem -> This is in good momentum and can even go to 370 levels but it is a rising stock and for such stocks you should be good at following the stock intraday and know when to exit and enter… Also being result season any disappointment can bring in good correction also…. But with momentum this can go higher.
Nilesh
Comment by Nilesh Baldwa — April 27, 2010 @ 8:35 pm
Thank U .
Rgds,
Sonia
Comment by Sonia — April 27, 2010 @ 10:27 pm
Dear Sir,
Your take on the foll stocks for short term:
Idfc
Apollo Tyres
Raymond
Pl advice whether i shld enter in the above mentioned stocks nd at wht levels. Also their tgt nd SL.
Rgds,
Sonia
Comment by Sonia — April 27, 2010 @ 3:51 pm
Hi Sonia,
IDFC -> See if it can sustain 160 levels or not because today results were declared and did not entirely go well with stock market..so for now do not enter but keep a watch as going below 160 it can even go to 140-145 levels which should be good support area… On upside 178 has been big resistance area and it does not seem to be crossing it..
Apollo Tyres -> Again, the stock is coming down and if it breaks 70 levels can come to 66 and then 63 levels also.. so watch it and do not enter now.. On upside if it does not break 70 and go up then can go to 77-80 levels again… On downside 62-63 should be good support areas now.
Raymond -> The share has made new 52 week high and then corrected… It has trendline support around 238 levels and on breaking it would become weak. Textile stocks have done well for past few weeks but I do not think they have outperformed market for a long period of time so watch the stock movement tomorrow as it would be opening after results announced today… and if it sustain levels mentioned then keep stoploss of the same and it can go again to 250 and then 265 levels also but I think it might not go there in a hurry unless market has liked these results a lot…
Nilesh
Comment by Nilesh Baldwa — April 27, 2010 @ 7:07 pm
thank u.
Sonia
Comment by Sonia — April 27, 2010 @ 7:40 pm
Hi Nilesh,
Mundra Port is going to merged with Adani Enterprises. Some people are comparing this with Reliance Petro and RIL merger. Is this merger good or bad for Mundra Port investors? should we hold or exit from Mundra? Pls explain.
Ramesh
Comment by Ramesh — April 27, 2010 @ 1:33 pm
Hi Ramesh,
I looked at the announcement by Adani Enterprises but it is not mentioned that Mundra port is being merged. The promoter group of Mundra port is being merged and so I do not think shareholders of mundra would get any Adani shares in this scheme of amalgamation. About the benefit, well the companies being merged and other information is not known as neither of these companies trade so what sort of debt level or other revenu and profit information is not known. If you look at Mundra port per say, the last 3 qtrs results has been steady but there has not been QoQ growth as such, but yes year on year there has been growth, so the stock can be good for long term due to the growth possibilites and how the port takes use of the opportunity. On levels, if 740 is broken and sustained can come to 690-700 levels and if on upside 790 levels is broken then can go to even 840 levels…
Nilesh
Comment by Nilesh Baldwa — April 28, 2010 @ 11:06 pm
Thanks Nilesh.
Ramesh
Comment by Ramesh — April 30, 2010 @ 3:04 pm
Should I buy Sterlite Industies and Navneet Publications at current levels? What is future of these scrips for short term?
Comment by HARI — April 27, 2010 @ 12:45 pm
Hi Hari,
Regarding Sterlite Industries -> Company posted good results this quarter but then also it is a very highly valued company and is not cheap. It has also announced bonus and split which might keep shares at higher levels. There is no doubt this share has outperformed market in a big way but then I am not comfortably buying into a company which is so highly valued. Metals industry is always volatile and is always valued around growth of the company and with Sterlite exporting a lot and with China factor looming and other issues around the world, I do not see it is a great investment bet… But yes, if anyone buys then keep 750 as stoploss as the share has taken support there and on breaking it , would be weak.. On upside 950 seems to be good resistance level and above it probably can got o 1050-1100 levels but I do not see it going higher than this. On breaking 800 it can go to 750 levels easily. Ofcourse share can surprise and be lot higher later but then as per my investment strategy it is risky investment.
About Naveneet PUblications -> It has run up too much and its results were due today.. I do not know how it has come as I cannot see on nse website as of now… It could be that with school season coming up it has been one of the stocks on traders radar.. It has almost touched 57 levels which was its target and on closing above it can take it further up to its all time high levels.. Such stocks are strong stocks and should be watched but buying them when they are running might be not good for investors unless you are good at trading and know when to exit and enter.. Look for corrections and how the result shows up and then see where to buy.
Nilesh
Comment by Nilesh Baldwa — April 27, 2010 @ 6:47 pm
Thank you Nilesh
Comment by Hari — April 27, 2010 @ 8:10 pm
Hi Nilesh
are you following Lanco industries ?
what will be its short term target ?
Rgds
Navaneeth M
Comment by Navaneeth — April 27, 2010 @ 11:56 am
Hi Navaneeth,
The company declare its results tomorrow and might have impact on what I say but if things are not bad then I think it can go to 84 levels in short term and after consolidating in 84-90 levels once it goes above it then even 100 could be achieved… but for now 84 is probable.
Nilesh
Comment by Nilesh Baldwa — April 27, 2010 @ 6:51 pm
Thanks Nilesh
Comment by Navaneeth M — April 28, 2010 @ 11:14 am
Hello Nilesh,how are you doing? hope its all well. Please let me know your thoughts on KPR Mill which I still hold on your recommendation and also Jindal poly films ltd. Please let me know
warm regards
Dhiraj mark
Comment by Dhiraj mark — April 26, 2010 @ 6:27 pm
Hi Dhiraj,
Keep a stoploss of 136 in KPR Mill now and if it can close above 142 then can go to 147 levels also.. The company results were very good and so the share has been consolidating at higher levels but just see to yourself on how much profit you are making and just protect the profit so keep a stoploss.
Regarding Jindal Poly films -> Keep a stoploss of 365 on closing basis and if it can go above 380 then can probably go to 395 levels.
Nilesh
Comment by Nilesh Baldwa — April 26, 2010 @ 9:18 pm
Hi Nilesh……great ..as always….both these stock moved in a big way today…..it seems stock market moves as per your words..
Comment by Ajay — April 27, 2010 @ 9:05 pm
Hi Ajay,
Thanks for the kind words but I wish stock market moved based on my words 🙂
Nilesh
Comment by Nilesh Baldwa — April 27, 2010 @ 9:29 pm
Hello Nilesh, Jindal poly was rocking today!!!!!…
Comment by dhiraj mark — April 28, 2010 @ 9:53 pm
Hi Nilesh,
Hope your doing fine…:)
Would like to have your view on dhanalakshmi bank and genus power for short term @ cmp
Comment by Anand — April 26, 2010 @ 2:01 pm
Hi Anand,
I am fine…
Regarding Dhanalakshmi bank, it has shown good momentum in past few days and can go to 155 levels where it has major resistance and on closing above it and sustaining can take to 160-161 levels where it might have minor resistance… Once it has sustained over 155 and cross 161 then you can expect even 170 levels in the stock.. Ofcourse results could be a dampener in all these projections. Stoploss could be lower around 136-140 levels.
Genus power has moved to T2T segment recently and has since then see lower volumes.. The share is consolidating and has good promise… if it can sustain at higher levels then with any good news in results or insurance claim could take it higher.. for now this seems to be ranging and below 186 could go further down.
Nilesh
Comment by Nilesh Baldwa — April 26, 2010 @ 9:24 pm
Hi Nilesh,
what is ur opinion on the below shares from 6 mnth investment pt of view ?
thanks
Manoj
1 Asahi Infrastructure.
2.Micro Technologies
3.Usha Martin Education
4.Rohit Ferro Tech
5. cals Refinery
Comment by manoj — April 26, 2010 @ 12:19 pm
Hi Manoj,
Asahi -> Its a 2 rs small cap stock on which I do not comment.
Micro Technologies -> You can buy into this stock but with stoploss of 175-180 for an appreciation of 20% and above.
Usha Martin -> I do not know why this stock trades at such a high value but it looks good and has been making new 52 weeks highs.. It is correcting now and if come to 92 levels then can be looked at to buy but keep that as stoploss level also… On crossing 105 then share can go to 118-120 levels also.
Rohit Ferro -> The ferro alloy prices have been upward and the company share showed great momentum recently.. Also there are news of right issue so which could be good for stock but looking at how it moved and now consolidating, i would not be surprise if another good move comes in.. and over 60 levels it can go .. so from here you can expect some good movement of 20% or so in 6 months timeframe.
Cals Refinery -> Sorry this is stock trading in paise and I do not recommend anything on such stocks.
Nilesh
Comment by Nilesh Baldwa — April 27, 2010 @ 7:19 pm
hi Nilesh
what is u r openion for buying JPAssociate, Rolta and ZEENEWS at current levels for medium term? zeenews at low levels now..
thank u
sanjai
Comment by Sanjai — April 25, 2010 @ 6:14 pm
Hi Sanjai,
Regarding Rolta, it is doing OK for now and in a narrow range.. It needs to either go over 205 for any big movement but for a broad range 180 on lower side and 205 on higher side seems to be good for now.. So you can look for this stock with stoploss of 178.
JP Associate -> this stock is a big ranging stock and has always struggled around 165-175 levels and always fallen from there so I am not sure if I want to buy it now unless the results come out good.. i think the company is good but then the amount of resistance is at these levels you should buy only if you can accept the risk.
Zee News -> Well would not be able to comment on this stock. I can just say, I do not think it would show any big movement.. let it settle in a range and then you can play in that range.
Nilesh
Comment by Nilesh Baldwa — April 26, 2010 @ 9:31 pm
Dear sir
thanks for your valuable suggestions
and sterlite projects ( if u enter sterlite in moneycontrol you will get it ) but later i checked in the bseindia.com with sterlite i was not able to get it in the site and when i entered the BSE scrip code(BSEId :506971) given in the moneycontrol i got the company named B&B Realty Limited. can you explain what happened with that company.
and the company kaycee that we discussed earlier had only 50 lakh share capital and its 5 year high is 16000 rs . A fifty lakh share capital company making 60 lakh profit is it justifiable and worth buying. can we expect an increase in the share capital of the company. In my search i found that its a CMS IT Group company.Do u have any idea about the group.
and one more favour may i know if there is any free software or sites which is helpful for stock analysis, if there is something please suggest.
& please send your email id to mine
with love and prayers
sunilkumar.s
Comment by sunilkumar.s — April 25, 2010 @ 9:16 am
Hi Sunil,
Look at announcements and further news on the internet and you should get your answer. As I already mentioned I did not prefer in investing in any of the stocks you mentioned except Tide… All other would be speculative stocks only and not investment buy. About free software or sites, well internet is ocean of information.. it is just what interests you and help… Regarding analysis, it is something which you would automatically pick up with time by tracking movements, news, impact of the same and other information… You can look to do technical analsysis and learn it on the net and purchase some books.
Nilesh
Comment by Nilesh Baldwa — April 26, 2010 @ 9:34 pm
dear sir
what is your opinion on following stocks for long term
kaycee
bombay oxigen
tide water oil
can u explain about whats happening in the following stocks
veritas
sterlite projects
with love
sunilkumar
Comment by sunilkumar.s — April 22, 2010 @ 9:32 pm
Hi sunilkumar,
Sorry but all your three scrips are of very high value stocks and low volumes. Both Kaycee and Bombay oxigen are not even 50cr revenue company and the face value is 100 and volume is so less that even few shares can make big movement. such shares to me are promoter and speculator driven and would give movement on both side… You would be better of not getting trapped into such stocks.. I am not saying it cannot go up it might but then atleast it does not fall into my criteria of stocks… Out of all three tide water is a good company which has potentia and is a big company. You can look to buy that if you want for long term.
Regarding other two stocks:
Again veritas similar story so low volume… and hardly any OPM or NPM and very high PE… so I would be away from it.. there is stock split news in it so could be making highs but be away.
about Sterlite projects: I do not know which company is it… give me nse or bse code
Nilesh
Comment by Nilesh Baldwa — April 22, 2010 @ 11:44 pm
dear sir
thanks for your valuable comments
sterlite projects
BSEId :506971 NSE Id : ISIN Id :INE314E01019
kaycee had an 5 year high of 16000
and only .5 crore issued capital.
can u give the name of some good companies with low issued share capital.
and may i know whether there is any free sites or software
for analyzing the stocks. if there is some just please give me a mail
with love
sunilkumar.s
Comment by sunikumar.s — April 23, 2010 @ 7:49 am
Hi,
I have already replied to your query, so I guess this does not need a response.
Nilesh
Comment by Nilesh Baldwa — April 26, 2010 @ 9:35 pm
Hi Nilesh,
is it worth investing in Wellpack papers at this time? and for how long ?
thanks,
Manoj
Comment by Manoj — April 22, 2010 @ 2:28 pm
I will stay away from this company as do not see any great numbers in last qtrs or any value in the stock. i know paper companies did well in last few weeks but I would give it a miss as its a risky investment. it can go up like many other stocks which can go up even without fundamentals but i would rather prefer to be in a safe company rather than being sorry later.
Nilesh
Comment by Nilesh Baldwa — April 22, 2010 @ 11:51 pm
What is your view on Upper ganges Sugar and Videocon Industries?
Comment by Palani — April 21, 2010 @ 7:38 pm
Hi Palani,
Upper ganges sugar has corrected alongwith many other sugar stocks.. If you see the company has given negative results in last two qtrs… The overall industry outlook is not great and its a volatile sector being adjusted for season factors and global conditions on sugar stocks.. The stock has take support around 55 levels and might have support in 50-55 levels but any bounce from here would be relief rally and should be used to exit the stocks as the trend is negative although being so depressed levels the correction might not be big but in percentage term could be lot and also the point is the rise could be difficult or a clear uptrend… On levels above 64 it can go to 70 levels… but above 75 is difficult..but this is a weak stock..
About Videocon This stock might be good .. it has good resistance around 260 levels and not able to cross but potential is very good for this stock…. it has been in range of 210 to 260 so breaking out of range could be very good and give good momentum on crossing and sustaining 260 levels.
Nilesh
Comment by Nilesh Baldwa — April 22, 2010 @ 11:59 pm
Hi Nilesh
Kavveri Telecom has hit upper ciruit on two consecutive days and has crossed 105. Should I wait for few more days?
Thanks
Comment by Vivek — April 21, 2010 @ 3:42 pm
Hi Vivek,
If the share can go above 110 and sustain then can go to 125-130 levels also. So you can hold onto it but keep a stoploss which protects your profit with the logic that you cannot catch the top and bottom so better to minimize loss or book profits or protect them.. so based on your trading style you can hold on to it.. but the support for it now would be near 85-90 levels
Nilesh
Comment by Nilesh Baldwa — April 21, 2010 @ 7:57 pm
Hi Nilesh,
Hope you are doing well.
I had picked up SRF on your recommendation in Dec2009 at 211.
It has touched 212 today. Do you think it can go further up from this level? Is it worth holding on to SRF?
Comment by neeren — April 21, 2010 @ 12:35 pm
Hi Neeren,
Yes the stock if can close above 220 levels then it can go to 260 levels… The results should not disappoint … but this stock is worth holding on to… As you also see the company pays a good dividend and just recently paid Rs 7 as divided which is really good.
Nilesh
Comment by Nilesh Baldwa — April 21, 2010 @ 7:55 pm
Dear Nilesh,
Today Unitech Board approved for 1:1 swap ratio. I have 2500 share @ 119. Please can I know your opinion about future of Unitech share price?. Please can I hold till the announcement of Record date?
Kind Regards,
Hegde.
Comment by Ramchandra Hegde — April 20, 2010 @ 9:33 pm
Hi Hegde,
I am not sure when the record date would be out and it could take some time. In any case the price is currently around 83 and has a long way to go to reach your price. It would be difficult for it go to there as the stock would get lot of supply at various levels – between 90 to 95 and then above 100… Although the demerger should help and gives good movement in stocks but it needs to be seen how this company does going forward as the realty sector is not doing any good and neither the telecom so I am not sure what all value unlocking would happen and how much you can expect but it can be a momentum stock so you should be happy if it reaches your price level
Nilesh
Comment by Nilesh Baldwa — April 20, 2010 @ 10:48 pm
Dear Nilesh
Greetings
I am still holding on to rain commo. 100share@215.your SL hit yesterday Should I wait till the quartely results or should i exit now?
THanks
Comment by rajeev verma — April 20, 2010 @ 9:28 pm
Hi Rajeev,
This share is weak now and I cannot say for certain what results will throw and it might be that the break down of stock was temporary and it could rise again. But I would like to exit now unless it shows one big move and come back to original levels of 210 around for it show strength. As always this stock can definitely go up again as stoploss was hit and if stock goes back above then it reverses the trend but I like to exit by keeping stoploss even though few trades might go wrong.
Nilesh
Comment by Nilesh Baldwa — April 20, 2010 @ 10:02 pm
dear sir
what is your opinion about the following stocks
evinix accessories brought at 3 rs
zandu reality at 4800
sterling bio at 110
hbl power at 37
waiting for your valuable advice
with love
sunilkumar.s
Comment by sunilkumar.s — April 20, 2010 @ 8:42 pm
Hi sunil,
Cannot comment on evinix accessories…..
On Zandu Realty -> This is a weak stock trading at 52 week low. But anyways when it moves move in a big way and so it can come to your buy price but probably on some very good news else it is going down only.
Sterlin Bio -> Again a weak stock but making attempt to go up.. so it can probably go to 130 levels but over it should show good move and sustain for the trend to become up else the share is trading at lower end of 52 week and so is a weak share.
HBL Power -> This has been in a range of 32–44 and you have bought in middle so it can go to 43-44 levels on upside and on lower side to 32 levels… Any further move can come only if it sustains over 44 levels.
You are in mostly weak stocks except hbl power and so I would rather try to move out and try to trade in strong shares rather than weak stocks…
Nilesh
Comment by Nilesh Baldwa — April 20, 2010 @ 11:07 pm
Hi Nilesh,
You have not put any recommendations for 2 days. Where do you expect the markets to go?
It may come to down or will go up in the near future.
Regards
Kapil
Comment by Kapil — April 20, 2010 @ 4:43 pm
Hi Kapil,
Regarding the market, I see 5140 as support on closing basis which if broken can take market to 4930 and then 4680 levels. I am bullish overall on nifty but these intermediate corrections are opportunity to buy. Yes risk is more in buying at high levels and lot of stocks have moved a lot but on corrections good and strong stocks should be bought for good returns. On upside market can take out all time high during this year, and I give it a good chance.
Nilesh
Comment by Nilesh Baldwa — April 20, 2010 @ 9:54 pm
Dear Nilesh,
Please advise on Jupiter Bio Science at CMP. This appears to have good fundamentals: Q to Q increase in sales & profit, higher BV (BV/P 0.6) and low PE. However, low promoter holding (only 19%)is a matter of concern.
Rgds,
Anil
Comment by Anil — April 18, 2010 @ 9:43 pm
Hi Anil,
There are many stocks which would seem to have good fundamentals and attractive on many factors but they are not showing any moves even if market is moving. This is ofcourse always frustrating and difficult to understand but unless one have full and detailed information of the sector and stocks it becomes difficult. I am no great expert on the pharma sector but yes the stock is attractive in terms of fundamentals and definitely seem to give good returns of 20-30% atleast from current levels and knowing it made high of 105 levels and now trading 20% or so below it then it should go back to those levels once the results are good and sector performs well.
Nilesh
Comment by Nilesh Baldwa — April 19, 2010 @ 10:35 pm
Dear Mr. Nilesh,
Thank you for your all out support and advise on investment. I had made a small profit out of Brigade and I would like to share the profit with you. Please advise me in this regard. By the way since 14th of this month I did not get your mail regarding investment advice.
Thank you,
Joseph, Kuwait
Comment by joseph — April 17, 2010 @ 2:45 pm
Hi Joseph,
I do not know why email has not gone but the investment advise was shared on the website. Regarding sharing of profit, I have sent you an email with account details to which you can share the profit you have made with my investment.
Nilesh
Comment by Nilesh Baldwa — April 18, 2010 @ 4:00 pm
Hello Nilesh, how are you doing? Hope its all well, AVT Naturals has moved suddenly from 90-95/- range and move till 114/- as well, I hold this share and purchased at around 108/- level do you think it should be held for some time for more upward movement, pls let me know.
warm regards
Dhiraj Mark
Comment by dhiraj mark — April 17, 2010 @ 4:26 am
Hi,
I consider this as a speculative stock due to the way it moves and I would recommend you to book profits as and when it moves or keep a trailing stoploss and keep it with you but keep a stoploss to ensure you book profits.. On levels, if it can close above 116-117 levels then it can go to 130 levels. and above it further move but its a volatile stock and will have speculative moves.
Nilesh
Comment by Nilesh Baldwa — April 18, 2010 @ 11:10 pm
Hi Nilesh,
Need your advice on Refex Refrigerants for short term.
Thank You.
Comment by heesaf — April 15, 2010 @ 11:54 pm
Hi heesaf,
Sorry cannot comment on it….
Nilesh
Comment by Nilesh Baldwa — April 18, 2010 @ 11:24 pm
I am small investor, and thru some weblink, I found your blog. I found it very usefull, I am not regularly checking market price may be once in 15 day. I have invested in Ansal Housing (70Share) based on your tip, but when I have checked it found that it almost 20% down and then now it recover little bit. Presently I am still at 10% loss. Can I make money or I have to wait for more time. I do not believe in book loss, I can wait.
Comment by Gunjan Thaker — April 15, 2010 @ 6:07 pm
Hi Gunjan,
When I put the stock for buy, it was for trading and very short term and it did hit stoploss and went down. Now there are two things which did go wrong for you. Unfortunately you invested in one of the scrips which went the other way than my recommendation but then there are no guarantees, idea is to maximise profit or minimize loss.. You did not keep stoploss or map the recommendation to your own trading style. Secondly when you keep a share and do not want to book loss then you either keep it for a very long time or need to average at right levels so that you can exit at lower price, now you did not average when it was almost 25% down and now it has recovered almost 15-20% from its lows and did go to 65 levels. The sector has not performed well and market sentiment has not been good for this stock. Unless results are good or some speculative move comes in the stock and sector, I do not see it going a lot up.. So you can keep your buy price as sell price or keep it for more time in case you do not need to book loss.. Your price should come but the stock is not a momentum stock.
Nilesh
Comment by Nilesh Baldwa — April 15, 2010 @ 8:12 pm
I have 300 Shares of Alembic at avg pricie of 61.50 any chance of recovery or making any profit. I am holidng it from last 3 years.
Comment by Gunjan Thaker — April 15, 2010 @ 12:02 pm
Hi Gunjan,
Currently it has come up and should take support around 47-48 levels.. If the share can go above 55 levels then can go to 60 and crossing that should take it to 65… The company should deliver good results if share has to go to those levels and show strength and if not then it can again correct. So there are chances of recovery but see the share holds above 47-48 levels and can go up again.
Nilesh
Comment by Nilesh Baldwa — April 15, 2010 @ 5:17 pm
Dear Nilesh
Greetings
I am still holding on to Visaka India. Should I wait till the quartely results are out or should i exit now?
THanks
Comment by Yogen — April 15, 2010 @ 11:36 am
Hi Yogen,
I believe in booking profits as per own trading style for me the return has been good in short time.. it could go to 170-175 levels and it did go to 165 today and closed lower as market came down.. so you can probably hold but keep a stoploss at your end to ensure you book bare minimum profits which you want to and do not let it come down… Also it should have good support around 135-140 levels now
Nilesh
Comment by Nilesh Baldwa — April 15, 2010 @ 4:56 pm
Hi Nilesh,
Pls advise me on the followings:
1. ballarpur bought at35.37 level. shall I average it /
2.Shree ganesh jewellery at 170.00level.
thank you
joseph
Comment by joseph — April 15, 2010 @ 1:16 am
Hi Joseph,
For ballarpur, the stock is at your price only so I do not see any point of averaging here??? Regarding Shree Ganesh Jewellery if you got in IPO should have booked earlier but anyways the company is into a business which I do not think is great in terms of profits or margins.. and moreover they have not really performed right now as even first results after listing has not come.. so there is not much to say rather I do not see this as a great company to be invested in.. its more of a speculative counter might be..
Nilesh
Comment by Nilesh Baldwa — April 15, 2010 @ 8:15 pm
Hi Nilesh,
Need your advice regarding following stocks:
Manugraph Industries
D-Link India
Orient Paper and Industries
Chemfab Alkalies
Thank You.
Comment by heesaf — April 14, 2010 @ 11:20 pm
Hi heesaf,
Manugraph -> It can probably go upto 63-65 levels if it can go past 58-59 and sustain.. it can also come down to 53 levels as it moved a lot in few days.
D-Link -> The stock has been underperformer and on downside 38 levels seem to be bottom for now but for it to show some strenght it needs to first trade above 50 levels which is difficult to cross for it but can go to 48 levels or so from here
Orient Paper -> With all paper stocks it also moved up quickly and made new 52 week high… It can correct to 54-55 levels but major support should be around 50 levels now… It can probably again rise from here and go to even 65 levels but see how it moves in next few days and whether able to hold high levels and consolidate here
Chemfab Alkalies -> Seriously it would be difficult to predict movement of this as the way it moved last tme to 74 and came down from there and again now it has moved so quickly without correction so should look to keep booking profits as such moves are time to exit or book profits.
Nilesh
Comment by Nilesh Baldwa — April 14, 2010 @ 11:39 pm
Hi, Nilesh i bought rain commo.100 share@215 Rs…closing @205 Do average or hold ??
regards
rajeev verma
Comment by rajeev verma — April 14, 2010 @ 5:54 pm
Hi Rajeev,
As you would see I mentioned the range is bigger for this share as stoploss is quite below and so expectedly the share has come down. There is no reason to sell as it has not weakened as of now unless your trading warrants a sell because of specific loss you are taking.
Nilesh
Comment by Nilesh Baldwa — April 14, 2010 @ 7:31 pm
Dear Nilesh,
I have 1000 Bombay Rayon ( BRFL )@ 225. What is advice for me. Should i hold or square-off the position . What should be stop loss if Hold is recommended. Please advice.
Comment by Abha — April 13, 2010 @ 10:37 pm
Hi Abha,
The share has been consolidating for long now and you can keep a watch on 210 levels and to be on more safe side 197-200 levels and keep that as stoploss on closing basis. On upside it needs to go past 230 then it has resistance around 240, on crossing this it can go to 265-270 levels… But it needs to show some momentum.. and not sure if it will do that or wait for results.
Nilesh
Comment by Nilesh Baldwa — April 14, 2010 @ 8:00 pm
hi Nilesh
May I know what would be the future of
1. 3IINFO @ 81
2. BALAJITELE @ 59
3. GLORYPOLYFILM @ 26
thank u
Sanjai
Comment by Sanjai — April 13, 2010 @ 6:55 am
Hi Sanjai,
3iinfo -> If you are a medium to long term investor then it should be a good pick.. The levels to watch out for could be 82 levels over which it can probably go to 95 levels but this might take some time unless it gathers momentum.. Downside seems to be limited to 70 levels
Balajitele -> Due tonews it has given a good move and if momentum continue can even go to 76-80 levels but might do after some consolidation.. Crossing 82-83 levels on closing might be difficult… but if it does could be good for the share
Glorypolyfilm -> The share has been just going up to 29-30 levels and on downside 20 levels but there is nothing else to add on to this scrip which has been in this range for so many months now.. So i will go by history and predict movement to 28-30 levels and then again come down..
nilesh
Comment by Nilesh Baldwa — April 14, 2010 @ 11:13 pm
Hi, Nilesh i am holding RIL @1052. Whats ur target for 3 months? Book profit @1150?
Comment by Himanshu Gor — April 12, 2010 @ 10:42 pm
Hi Himanshu,
Keep holding it.. Unless results turn out very bad, there should be no issues.. the stock can go higher from here and even reach 1250 or plus levels
Nilesh
Comment by Nilesh Baldwa — April 12, 2010 @ 11:44 pm
Hello Nilesh, how are you doing? KPR Mills is going great guns thanks for your excellent recommendation, I purchased it at 115/- do you think it should be held for some more time or shall I come out of it, please let me know.
warm regards
Dhiraj
Comment by dhiraj mark — April 12, 2010 @ 3:36 pm
Hi Dhiraj,
I recommended this for trading in order for 10-15% which stock has given so yes you can book out as it went to even 135 levels today… Well if you hold for medium to long term it can go further up but then it can come down also.. As I say you can map the recommendation to your own trading style. I will say, you should book some profits atleast.. If momentum continue then it can probably go to 140 levels but it already went to 136 levels today.
Nilesh
Comment by Nilesh Baldwa — April 12, 2010 @ 9:38 pm
Hello Nilesh, thank you so much,you are a gem!!! take care.
warm regards
dhiraj
Comment by dhiraj mark — April 14, 2010 @ 1:17 pm
Dear Nilesh,
I have 3000 shares of Shree Renuka sugars@75. What should i do ? In my earlier question in March, You have replied that its long term support is 68. It is now trading about that level and also holding well since some days. Should i average or square-off the current position? What should be stop loss if i hold the same. Please advice.
Comment by Abha — April 11, 2010 @ 9:07 pm
Hi Abha,
If it breaks 68 it can even come to 61 levels. The stock has not broken 68 levels but is around it only… Hope that it gives some bounce from here but if you get and able to sell this stock without profit or loss then you should be happy. Ofcourse it has sold a lot from higher levels and can give bounce but then such bounces should be used to exit unless it shows strength and turn positive which cannot be so quickly
Nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 10:21 pm
btw, do not think of averaging a weak stock like this for now.
nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 10:22 pm
Sir,
Is essar oil a good buy at current levels for short term??
Rgds,
Sonia
Comment by Sonia — April 11, 2010 @ 7:52 pm
Hi Sonia,
This is a volatile stock and tracking its movement is not easy… on upside 160 and the 167 levels is possible..
Nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 10:16 pm
Thank you.
Comment by Sonia — April 12, 2010 @ 11:22 am
Nilesh,
any reason for Essar oil price low today? Is there any near by target..?
Comment by Palani — April 15, 2010 @ 4:39 pm
Hi,
I think I mentioned this share is volatile and its movements are not easy to predict.. it has reached 95% market limit in FnO section and it is not good as people will not be able to take new positions in FnO segment and have to square off whichc an put pressure or also work the other way in case of short squeeze.. It can come down further but it has been in a big range only for some time now and probably going to be there unless results bring some momentum.
Nilesh
Comment by Nilesh Baldwa — April 15, 2010 @ 5:04 pm
Dear Nilesh,
Please advise me on the follong, especially support and resistance level with your recommendation
1. Ballarpur
2.cairn india
3. Tata motors
thank you
Comment by Joseph — April 10, 2010 @ 8:28 pm
Hi Joseph,
Ballarpur moved 50% almost in few days which is too much so unless its long term goal, you should look to book profits with trailing stoploss.
Cairn India-> It could go to 340-350 levels on sustaining above 315.. On downside it has very very good suipport around 250-260 levels.. but for short term it could be 294 levels
Tata motors -> 826 is resistance and 760 should be support for this stock.. above 826 can give good move.
Nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 10:07 pm
hi nilesh,
can you please tell me something regarding Provogue (india), i ve bought this scrip @ avg. of 50.
wht could b its future n targets for coming 2 r 3 mnths??
Comment by amit — April 10, 2010 @ 3:59 pm
Hi Amit,
It is really a weak scrip and unless it go past 54 levels would not be able to show any momentum. On downside 46 levels could be support areas… So it might give your buy price but is a weak scrip.
nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 9:55 pm
thanks for help…
Comment by amit — April 12, 2010 @ 3:00 pm
Dear Mr. Nilesh
I have sterlite technologies at Rs. 85/. I am looking for 15 to 20% gain. Technically, it seems to be in oversupply zone. Your views on this scrip and its short term outlook.
Comment by harish — April 10, 2010 @ 12:23 pm
Hi Harish,
If it can take out 90 levels then it can go to 96 levels for now it is just consolidating in a range and support is at 80 – 85 levels which is a big support for long term trend and mostly should not be broken but that can be your stoploss. So for now you can just be patient.
nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 9:54 pm
Hi Nilesh,
I am holding Himadri chemicals @400 and am in for the long term. Is it ok to sell now and re enter at lower levels. I am apprehensive because the stock seems very strong and has held fort even in the last dip and it has bounced up very strongly. pls advice me.
Comment by Umesh — April 10, 2010 @ 10:09 am
Hi Umesh,
In medium to long term it can even go to 700 levels and on downside limited to 450-500 for now.. It has good support aruond 450 levels and it should be really good to buy at those levels again..
Nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 9:41 pm
hi nilesh back againafter a long time as market was also in a consolidation phase. let meknow what to do with reliance power @175
Comment by manorama rani — April 10, 2010 @ 1:13 am
Hi,
If it can go past 163 then can reach 175 but at this moment it has not shown any momentum or broken out of the consolidation range.
Nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 9:37 pm
Hi Nilesh,
Engineers India Ltd – Bought 10 @ 2250. Yr assistance pla – I can wait for another 3 months if you recommend good return.
Thanks/Guna
Comment by Guna — April 9, 2010 @ 8:01 pm
Hi Guna,
The company run up earlier on divestment news and then on bonus and split… So it might be good until the Follow up on offer so you can probably keep it .
nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 9:34 pm
Hi Nilesh,
I have 450 GMR at 63.5. Please tell me should I hold it for some more time or sell it at the CMP.
Regards
Kapil
Comment by Kapil — April 9, 2010 @ 3:22 pm
I am referring to GMR infrastructures here.
Comment by Kapil — April 9, 2010 @ 3:33 pm
Hi Kapil,
You can probably hold for now as if it can go past 63-64 levels then can run up 8-10% from those levels and there you can look to book some profits
nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 9:26 pm
Hi Nilesh
What is the target for control print? I have 100 @ 32.
Thanks
Vivek
Comment by Vivek — April 9, 2010 @ 9:46 am
hi Vivek,
It has run up too much too quickly and has history of falling also.. in current momentum probably 40 and 42.5 too could be achived but keep 32.5 as stoploss so that you do not make loss
Nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 9:22 pm
dear sir
what is your recommendations about
sunilhitech bought at 200
navin flouro bought at 320
advanta bought at 450
bilcare bought at 410
rama news print at 20
waiting for your valuable advice
with love
sunilkumar.s
Comment by sunilkumar.s — April 9, 2010 @ 8:33 am
Hi Sunil,
Sunil Hitech -> If you are medium to long term then it can go to 320 levels … On downside 215-220 levels seems to be good support levels and should hold…Right now 270 could be resistance area and might take some time to cross.
Navin Fluoro -> this would face resistance around 355-360 levels and if it can take that out then go to 390 levels else you can look to book profits there, if not complete then atleast partially.
Advanta -> It has gone from 460-470 to current levels which is around 35-40% returns in very short time.. Irrespective of what next target is, as a prudent thing should book profits atleast partially.
Bilcare -> If this can go above 580 then it can go to 630 levels .. in long term could probably go higher…
Rama news Print -> 30 levels should be possible in short term if 24 levels are sustained.
Nilesh
Comment by Nilesh Baldwa — April 11, 2010 @ 9:19 pm
dear sir;
thanks for your valuable advice
with love
sunilkumar
Comment by sunilkumar.s — April 11, 2010 @ 9:21 pm
I have bought andhra bank @120 for short term and quick gains. Pls advice me on this. Also i have JVL agro for a long term @ 108. Pls advice me on this also.
Comment by Umesh — April 8, 2010 @ 7:40 pm
Hi Umesh,
I do not know why you bought it at high level .. If you had track my message also to people who asked about it, 120 was the target and would be major resistance. Now it is good if it can consolidate and then go up… It can come down furthere and then try to go past 120-125 range and then you can expect movement… But at this moment you bought at higher end and so always chances of risk reward is less….
Nilesh
Comment by Nilesh Baldwa — April 8, 2010 @ 8:37 pm
Regarding JVL Agro, the stock seems to be trading at lower levels compared to peers and technically the stock is OK for now. In long term it has potential to give good returns of 30-40% from here…
Nilesh
Comment by Nilesh Baldwa — April 8, 2010 @ 8:55 pm
Hi Nilesh,
What is your opinion on Bharti Airtel? I have bought it @ 322, do you think i should exit or hold?
regards
Soumita
Comment by soumita — April 8, 2010 @ 6:12 pm
Hi Soumita,
I am not sure what is your horizon… This stock and sector was in downtrend and has for some weeks staged a comeback but still has to go further up to confirm their downtrend is over. For now, 306 on closing level can be very short term stoploss or else 260-270 levels from where it bounced back so many times. On upside if it can sustain 320 levels then can go to 335-340 levels which is again a resistance level.. so for now hold on…. but keep watch on levels..
Nilesh
Comment by Nilesh Baldwa — April 8, 2010 @ 7:38 pm
Hi Nilesh
Can i buy M&M at the current levels for a short term period
Comment by harish — April 8, 2010 @ 4:31 pm
Hi Harish,
I think it will go down.. and if it breaks 515 levels then it becomes weak and might come to its 200 day moving average around 460-470 levels where it should take support else it is downturn.. Maruti is anyways negative and I am not sure how long M&M can outperform but ofcourse right now I am not sure if it has great chance to go big way.. but if you want then keep 515 as closing stoploss or 460-470 for sure.
Nilesh
Comment by Nilesh Baldwa — April 8, 2010 @ 7:28 pm
Hi Harish,
I think it will go down.. and if it breaks 515 levels then it becomes weak and might come to its 200 day moving average around 460-470 levels where it should take support else it is downturn.. Maruti is anyways negative and I am not sure how long M&M can outperform but ofcourse right now I am not sure if it has great chance to go big way.. but if you want then keep 515 as closing stoploss or 460-470 for sure.
Nilesh
Comment by Nilesh Baldwa — April 8, 2010 @ 7:28 pm
Hi Nilesh ,
I had bought Wheels india in feb 2009 but couldn’t sell when it hit the high . Today sold it @ 288 with good profit! Thanks for the reco !!!
Comment by Mhadev — April 8, 2010 @ 3:41 pm
Hi Nilesh ,
After selling some no. Wheels India at 288 , I still have some more left . Any info on what level it may touch and reason for the sudden upsurge ? I can keep it for long term also .
Comment by Mhadev — April 12, 2010 @ 11:13 am
Hi Mhadev,
Difficult to say in very short term how much this can reach… but in medium to long term it can also reach 350 or plus levels.
Nilesh
Comment by Nilesh Baldwa — April 12, 2010 @ 9:33 pm
Hi Nilesh,
Please give me your comments on IVP based on fundamentals at current CMP.
Rgds, Anil
Comment by Anil — April 7, 2010 @ 10:52 pm
Hi Anil,
IVP is small company and looking at how it has performed over the years, I do not see a great increase in margins or revenue or profits of the company. It has a book value around 45 and EPS around 3.5-4 so it is valued fine.. But yes, it can easily go to 45 levels and above it higher if you think medium to long term.. On levels, you can buy around 34 and also 30 levels…
Nilesh
Comment by Nilesh Baldwa — April 8, 2010 @ 7:04 pm
Hello Nilesh, your thoughts on Hind rectifiers please, not moving at all.
warm regards,
dhiraj mark
Comment by dhiraj mark — April 7, 2010 @ 10:18 pm
Hi Dhiraj,
THe share has been trending downwards and bounced back few days back.. If it can sustain 59 levels then can show 63 and above it can go to 68-70 levels but on downside 55 should be good support and breaking that would take it further down but for now this is what I can observe in trading pattern
Nilesh
Comment by Nilesh Baldwa — April 7, 2010 @ 11:57 pm
Hi Nilesh,
any comments on 3i infotech cmp76 pls suggest
regards
Rajeev verma
Comment by rajeev verma — April 6, 2010 @ 10:15 pm
Hi Rajeev,
If you have medium term to long term horizon then you can buy around current levels and little below with stoploss of 63. The share is not doing much but moving in a range and right now near the lower end of the range so with minimal risk you can try to enter in the scrip.
Nilesh
Comment by Nilesh Baldwa — April 7, 2010 @ 1:00 am
Hi Nilesh ,
Do you have a link regarding F&O trading . I am not aware of what it is and how it is to be done and want to try out some time . I will be grateful if you cld give me any link related to how to trade F&O in Indian markets .
Thanks,
vinoth
Comment by Vinoth — April 6, 2010 @ 9:06 pm
Hi Vinoth,
Frankly speaking, I do not have a link regarding FnO trading but on nse site as part of their ceritication they do provide some documents which you can read through but I recommend you to surf internet and probably would find lot of resources.. Its been long time now for me and really do not have any links… It was just my interest and learning through vast resources on internet…
Nilesh
Comment by Nilesh Baldwa — April 6, 2010 @ 9:30 pm
Hi Nilesh,
Firstly, let me thank you for guiding fresher like me and many such investors through your website. Your analysis are indeed very insightful.
My query is about FCS Software which I have bought @Rs.16 for 1000 (after bonus its 2000 shares CMP is Rs.5.05). Could you pls advice if I should hold or exit this stock as there are some (not so encouraging) rumours in the market about the stock.
Many Thanks!
Soumita
Comment by soumita — April 6, 2010 @ 6:09 pm
Hi Soumita,
This stock can come to 3.5 or 4 levels but please do note I cannot comment on this software as such as it a share trading even below Rs 10 and I do not comment on such stocks as I frankly believe these stocks are more driven by speculators
Nilesh
Comment by Nilesh Baldwa — April 6, 2010 @ 9:17 pm
Dear Nilesh
Greetings
THanks for the tip on Persistent. I got 20 shares. What is your view on adding more shares. Should one wait for the dust to settle down. Please advise on correct level to enter this share.
Secondly please advise on Maruti.
THirdly comment on Fortis.
Thanks
Yogen
Comment by Yogen — April 6, 2010 @ 4:49 pm
Hi Yogen,
I just commented about Persistent System by updating it under the recommendation itself.. Please read through it. Regarding Maruti, it is a weak stock for now and if it breaks 1330 levels can come to 1250 an be very weak..so I do not recommend buying it now unless it shows support at levels mentioned and bounce from there… It is making lower lows and lower highs… which is never good for a stock.
Nilesh
Comment by Nilesh Baldwa — April 6, 2010 @ 9:20 pm
Hello Nileshji,
I have 300 Allahabad bank at 140. Its making new 52 week highs today. Wht would you suggest? Shud I wait or exit.
Thanks,
Comment by Shveta — April 6, 2010 @ 1:30 pm
Hi Shveta,
It can probably go to higher if goes past its intraday high of today but and in momentum it might go further up but then you cannot catch the top so try to probably sell partly and keep part with trailing stoploss. If it consolidates in 154 to 164 for next few days with lower volumes then can probably make a move again but to expect stock like allahabad bank run up in 1 go is difficult.
Nilesh
Comment by Nilesh Baldwa — April 6, 2010 @ 9:04 pm
Hi, Nilesh can u guide on below.
1. I remember u mentioned to dispose sugar stock in last month. am holding Shree Renuka 400 shares @ avg 84/-. what shall do now?
2. Godrej Indus holding @ 160/- any positive signal to hold it?
3. IFCI holding @ 57/- what should do.
Thanks for yr advise in advance.
Rgd/
Comment by Guna — April 6, 2010 @ 7:38 am
Hi Guna,
1) Regarding Renuka sugars, the stock is around support level of 70 and below it the levels expected would be 65 and 61 which should be very good support. About your price coming back , well it has to really consolidate and show signs of stabilising before it can starts it retracement because of sharp fall… You would be lucky to get those levels very quickly and if you get try to exit
2) Regading Godrej Industries, it has taken support at 140 levels and bounced back from there and on upside it came down from 165 levels so if it can go past 165 then only you can see movement probably to 185 or 190 levels….So for now you can hold and see what it does around 165 levels and if it come down then 140 should be kept as stoploss as it can slide down 15% or so from there.
3) This stock can be good in long term and if sustain above 60 levels then can go even to 90+ levels but then this company has lot of positives on which it can do good in long term although it has lot many times risen on news only….
Nilesh
Comment by Nilesh Baldwa — April 6, 2010 @ 8:53 pm
Hi Nilesh,
Would like to know your view on entering indiabulls financial services at current level for 1 or 2 months period…
regards
RAJEEV VERMA
Comment by rajeev verma — April 5, 2010 @ 9:15 pm
Hi Rajeev,
This share has been just underpeforming for an extended period. For now seems 102 could be a lower level and on upside 125 and then further up could be 145-150 levels but timing this could be difficult… I have atleast learned it hard way that we should enter in stock in a range only if it is a fundamentally a good company and has huge potential and delivering to it but where speculation and trading is lot, then it is difficult. I am not saying this cant go up but then Let it make a move and show signs of momentum and enter then.
Nilesh
Comment by Nilesh Baldwa — April 5, 2010 @ 9:55 pm
Hello Nilesh, any comments on AVT Naturals, its got stuck at 90/- range since a long long time, your view please.
regards
dhiraj
Comment by dhiraj — April 5, 2010 @ 8:57 pm
Hi Dhiraj,
This stock is one of those which would move in a day or two and otherwise will just be in range with almost nil volumes. The day you see good volumes happening in order 20-30k or 50k+ then you can be mostly assured it is going to give big movement. For now 85 on lower side is a stoploss and on upside it can go to 100 and over it give some 8-10% movement further but such stocks are not which has any specific trend to go by….. Probably enter when you see action in it and just monitor till then
Nilesh
Comment by Nilesh Baldwa — April 5, 2010 @ 9:52 pm
Hi Nilesh,
How does Anantraj industries look like on short term and mid term perspective?
can i enter at CMP??
Comment by Priya Bal — April 5, 2010 @ 8:19 pm
Hi Priya,
The stock seems to be trending upwards and should have support around 130 levels On upside, it can go to 157 levels in short to medium term and above it there would be some good in the time frame of medium to short term… So as long as you keep stoploss of 130 or 120 on lower side. then you can keep it
Nilesh
Comment by Nilesh Baldwa — April 5, 2010 @ 10:15 pm
Dear Nilesh
Is it time to exit Andhra Bank?
am holding at 100.
Thanks
Yogen
Comment by Yogen — April 5, 2010 @ 3:16 pm
Hi Yogen,
You are making 15% in very short time, if I am not wrong then should look to book some profits atleast.. On upside 118 levels if taken out then can go to 123 which was 52 week high and if it crosses then ofcourse further momentum but let the stock run its course, you should always have your own view of booking profits when they seem right.
Nilesh
Comment by Nilesh Baldwa — April 5, 2010 @ 10:17 pm
Hi, Nilesh i holding 20 microns @ Rs 44.20. I bought for short term. Do average or hold?
Comment by Himanshu Gor — April 4, 2010 @ 11:41 pm
Hi Himanshu,
I do not think it has come down so much that you average it now…. It at 42 and you bought at 44 so its 2 rs less and around4% down…not so down that you average it out… Just keep 37 as stoploss on downside or try to average there and keep that level as stoploss… and above 45, it can go to 50 or so there you can plan to exit or trail the stoploss
Nilesh
Comment by Nilesh Baldwa — April 5, 2010 @ 10:24 pm
What is the future of Welspun India ? Should I buy at cmp @ 93.00
Comment by sunder — April 1, 2010 @ 11:53 pm
Hey,
You can buy it for trading or short term with 90 as stoploss … if stock can take out 100-105 levels it can show lot more higher levels but seems good for rise in short term
Nilesh
Comment by Nilesh Baldwa — April 4, 2010 @ 11:23 pm