Please post all your Generic queries / discussion points / inputs on the blog for the month of July and August 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 
Hello Nilesh Sir,
Get well soon.
Cheers,
Ravi
Comment by Ravi — August 30, 2010 @ 9:10 pm
Hi Nilesh
Wish you a speedy recovery after yr recent surgery. Best Wishes-Murthy
Comment by murthy — August 25, 2010 @ 11:18 am
niteshji
i have state tradig cororp 100 431.00
dawarka sugar 79
should i average or exit
anil
Comment by anil — August 19, 2010 @ 12:33 am
Hi Anil,
On Dwarkesh sugar, keep 67 as stoploss and hold.. and on STC India keep 400 as stoploss.. There is no point selling now as their support is below and unless that is broken it cannot be confirmed whether you should exit or not..
Nilesh
Comment by Nilesh Baldwa — August 19, 2010 @ 11:08 pm
Hi Nilesh,
I am holding 3i Infotech 200@70 , Exel Industries 200 @ 105.. Please advise how long should I hold them for your given targets.
thanks,
Manoj
Comment by Manoj — August 18, 2010 @ 10:41 am
Hi Manoj,
I am not sure which targets are you referring to… Anyways 3i infotech can be held with 60 as stoploss and it is a long term bet and not any short term… If it holds 60 then more can be added.
On Excel industries, I think you should look to exit now in few days around 123-125 levels as that is almost 18% gain for you…..
Regards
Nilesh
Comment by Nilesh Baldwa — August 19, 2010 @ 11:05 pm
Hi Nilesh,
I have bought shares of
astramicro @ 62
punjlloyd @ 116
suzlom @ 52
Pls advice.
Thanks
Rajan
Comment by Rajan — August 18, 2010 @ 9:36 am
Hi Rajan,
I guess you bought these shares because they have been falling…
Astramicro -> Keep 60 as stoploss and hold it for now but if it goes below 60 then exit…. On upside try to see if 66 can be crossed then it can go to 70 else exit.
Punjlloyd -> Keep a stoploss of 112 and this stock has kept disappointing… Now if it goes below 112 it can go to 100 and sub 100 levels also…
Suzlon -> This can go further down so try to exit here… Anyways this share is not good to be in.. it might show spurts on upside but there are other good stocks to enter on corrections rather than this one.
Nilesh
Comment by Nilesh Baldwa — August 19, 2010 @ 11:02 pm
Hi Nilesh
Greetings
Please advise on Patel Engg @ 420 and Castrol @ 460. Are they worth holding for 3 months
thanks
Yogen
Comment by Yogen — August 17, 2010 @ 10:16 am
Hi Yogen,
I am not sure how much returns you are expecting??? Patel is not moving a lot so there might not be a lot but in a range movement unless market gains momentum… On Castrol, it has been making new highs and near all time high so if it goes past 475 then can show 495-500 levels also.. on downside if 453 is broken then can come to 420-425 levels.. So you can hold it and see where it goes and exit if stoploss is broken
Nilesh
Comment by Nilesh Baldwa — August 17, 2010 @ 11:26 pm
Hi Nilesh,Thanks for yr reply on 16-8-10 for my query on 13-8-10. as requested I restrict to the 3 share as detailed below:
1) Cipla
2)Transformers
3) Renuka Sugar
Thanks-Murthy
Comment by murthy — August 17, 2010 @ 9:19 am
Hi Murthy,
Cipla -> It has come to its very good support of 300-302 levels. Below this it can go to 283 levels and breaking it can take it to 255 levels… now if it can bounce back from here as it did last time also it can again go up and go to 340 on up side but it has been in range only between 300-340 and now that range seems to be tested….
Transformers and Rectifiers -> It can come to 360 levels and should be bought around there… I think it is a good investment bet.
Renuka Sugar -> I think if it can go past 72 then 75 and 80 is easily possible.. If it does not cross 72 and comes down then it should stay above 63 in short term else can again come to test its support of 53
Nilesh
Comment by Nilesh Baldwa — August 17, 2010 @ 11:22 pm
Hi Nilesh,
I have bought shares of
anikinds @58,
lancoin @62,
pittilam @ 42
Comment by Rajan — August 17, 2010 @ 1:05 am
Hi Rajan,
I think you have asked this earlier also…
anikinds -> Keep holding with stoploss of 53 for a target of 70 and over it , if it can sustain you can expect 80-85 levels
lancoin -> I think you can exit it here but the major support is now at 57 and 55, so if you want to wait until then fine….On upside, only if it can cross 64 it can show movement.
pittilam -> You can keep 40 as stoploss and if it goes below and closes there for couple of days or looking at movement around it, you get an idea then exit..
Nilesh
Comment by Nilesh Baldwa — August 17, 2010 @ 11:18 pm
Hi Nilesh,
I have bought shares of
anikinds @58,
lancoin @62,
pittilam @ 42
astramicro @ 62
punjlloyd @ 116
suzlom @ 52
3iinfotech @ 63
peninland @ 70.
Please advise.
Comment by Rajan — August 16, 2010 @ 5:05 pm
Hi Rajan,
Can I request you to please post query with max 2-3 stocks in 1 go as it is difficult for me to answer so many stocks at one go because of limited time I get, as I have my full time job also at the same time… Can you repost your query ? once I have responded to first set of stocks, then post the 2nd set of stocks.
Nilesh
Comment by Nilesh Baldwa — August 16, 2010 @ 11:25 pm
Hi Nilesh,
What is your take on entering sesa goa at current levels( 320 )..Or should we wait for the dust to settle??
Comment by Anand — August 16, 2010 @ 3:48 pm
Hi Anand,
Always better to wait for dust to settle. But if you are looking for some investment here, then see if 300 levels hold or not and you can add 1/3rd of total qty you want to buy around it… If 300 breaks, you can see stock stabilising in 260-280 range and you can buy further there.. I doubt it can go to that levels quickly or even in some time… so try to get some shares around 300 and wait for further downfall, if it comes then you can buy some more else if it stays above 300 and dust settles, you can buy more.
Nilesh
Comment by Nilesh Baldwa — August 16, 2010 @ 11:25 pm
Hi Nilesh,Thanks for yr well researched shares tips – advise for purchase.Two months back I purchased the following shares(Purchase price indicated).Some of them have gone-up and others are going below Purchase price.What is yr advise to hold them:
1) Vijaya Bank-200 shares @Rs.54
2)Shree Renuka Sugars-200sh @Rs.56
3)Transformers-20 shares @ Rs436
4)Patel Eng-20Sh-@Rs395
5)Genus Power-300 Sh @196
6)Cadila 20 Shares @622
7)Zydus 20 Sh @475
8)Cipla 30 Sh Rs.340
Comment by murthy — August 13, 2010 @ 9:25 pm
Hi Murthly,
Can I request you to please post query with max 2-3 stocks in 1 go as it is difficult for me to answer so many stocks at one go because of limited time I get, as I have my full time job also at the same time… Can you repost your query ? once I have responded to first set of stocks, then post the 2nd set of stocks.
Nilesh
Comment by Nilesh Baldwa — August 16, 2010 @ 11:22 pm
Hi Nilesh,
What is your call on Graphite India? I had earlier invested in this co for a short while and had booked my profits. however, i still believe that this is a good co with good prospects and competitive advantage due to greater market share. What entry levels and targets do you suggest for medium to long term?
Comment by Ankur — August 13, 2010 @ 11:28 am
Hi Ankur,
I take your point but the company has not shown very good results for the qtr… I know couple of qtrs does not matter much as long as results could be good over a long period.. Looking at how the demand would be over next few qtrs, I do not see company posting any stellard results and probably around 3-4EPS per qtr on max side but for FY 11-12 it could be around 12 and for this industry PE would generally be around 5-8 and you would rarely see this going over it… So even if I take best scenario I would not be comfortable buying into it at these levels.. There is always trading opportunity and you could look at around 87-90 levels for 10-12% upmove with stoploss of 87.. If this goes below 87 and stay there then you could even see 75-80 levels.. I am not saying it would go there.. It could just be in range of 90-110 and based on where it goes from this range, the next move could come… So I think you should not enter now and wait for corrections as I think it is at higher end of valuation right now…
Nilesh
Comment by Nilesh Baldwa — August 13, 2010 @ 9:50 pm
Your view on XPRO India ? Dividend paying company. Slowly and steadily been moving up since 38 levels. Did go to about 48-50 levels, but is back @ 44.
Comment by Kisalay Somani — August 12, 2010 @ 9:21 am
Hi Kisalay,
Well if you are looking for trading returns and not thinking long term here then I guess it could be bought at this or lower levels near to 40 as then your stoploss could be lower and risk less.. You can see this share show 52 levels or so in next few months and on down side around 38 levels. I do not think this can be considered for long term in the sense, for past 8 years if you see its median price would be around 35-40 levels only so it has shown few spurts which has taken it to 60-70 levels but it tends to quickly come back to 35-45 levels… so idea is to buy lower and sell on spurts as sooner or later it might come down again.. There is a upward trend from 2008 lows and earlier it used to be sideways so as long as higher highs and higher lows are being done it could be safe to trade it…
Nilesh
Comment by Nilesh Baldwa — August 12, 2010 @ 10:56 pm
hi nilesh
can you please suggest some software
designed to keep stock market sell purchase handy for accounting purpose.
do you expect any near term break out in arshiya international and tilaknagar industries
Comment by ami — August 10, 2010 @ 10:41 pm
Hi Ami,
Simple excel sheet can maintain stock transactions for your tax returns purpose.. Even you can use moneycontrol to keep transactions and then copy into excel sheet at the end to have it in soft copy format.
Both shares have already given breakout earlier and run up (in momentum) currently… now I do not know what do you mean her of having a near term breakout…
Nilesh
Comment by Nilesh Baldwa — August 10, 2010 @ 11:56 pm
Ami,
I recently registered at FundSuperMartIndia.com and they have a pretty good stock tracker once you open an account with them. Plus, it’s a completely online trading platform for Mutual Funds – with absolutely no charges. Try it.
Comment by Kisalay Somani — August 12, 2010 @ 8:53 am
It is http://www.fundsupermart.co.in
Nilesh
Comment by Nilesh Baldwa — August 12, 2010 @ 9:24 pm
thanks a lot.
Comment by AMI — August 12, 2010 @ 11:03 pm
I have purchased goldinfra @ 26. Can you please give me the outlook for the stock.
Comment by Rajan — August 10, 2010 @ 5:52 pm
Hi Rajan,
The only reason you can stay in stock is you want to be in it… And wait for some months when in a week or so it would give an abrupt move till 35 levels and then again come down.. the stock has been in just same price and not a great fundamental story to be investing.. With past movements, you can probably say it does not go below 23-24 levels and gives an upmove which goes upto 35 levels and that is very good returns, so from that perspective you can be in it but having a stoploss of 23 else on fundamental aspects, I do not think it is worth investing.
Nilesh
Comment by Nilesh Baldwa — August 10, 2010 @ 11:58 pm
Hi Nilesh
Wanted to know your views on two companies making waves these days
1. VLS Finance – CMP @ 23.75 The share has hit upper circuit on third consecutive trading session. The news on moneycontrol is working wonders for it. It has gone up by almost 60% since last thursday. I could not pick up even a single share in last three days. From what has been mentioned in the news, it looks like a promising co to me with much higher tgt in a span of 1 year. what is your take on it.
2. Medi-caps – CMP @ 86.20 The co was mentioned in the same news as above. Has gone up almost 20% since last Thursday. Again as per the news article future looks promising.
what entry levels and tgts do you recommend for these two shares? I don’t mind investing for mid to long term (1yr+) in any of them.
Thanks.
Comment by Ankur — August 10, 2010 @ 10:35 am
Hi Ankur,
Difficult to say for stocks which run up because someone has come on TV and mentioned these stocks and they run up on circuits. There can be no justification for it.. Do you think no one knew and the guy who came on TV mentioning these stocks was such a great analyst that people would follow like herds and it would keep going up… I have seen these TV guys coming and recommending scrips and as they speak the stock keep going up which is crazy and difficult to understand.. Let the stock cool and give months on where it settles before you think of buying into stock.. What is the point of buying a stock which has given 60% and 30% in few days… Your risk reward is not going to be good… I would probably be wary of investing in them even though I know the point of this being probably a good multibagger and going quite high… Its just I do not understand the reason of going up so quickly because someone recommended, that is what worries me..
Nilesh
Comment by Nilesh Baldwa — August 11, 2010 @ 12:02 am
Thanks Nilesh,
One more question – though technically speaking, the recent run up of these stocks is truly questionable, from fundamental view point what is your take on these? Can the stock achieve what it is expected to based on its fundamentals and business growth rather than just rising up on speculations?
Thanks once again.
Comment by Ankur — August 11, 2010 @ 11:56 am
Hi Ankur,
Not all the stocks are moving can justify fundamentally these upmove. There are midcaps with value and they have not moved much but others have moved so much factoring in lot of things without any good reasons but then when market has not much news to trade on and is in a range, traders / punters get into midcaps and smallcaps to bring big moves in them and let people fool into their moves. I would only advise to get into stock which have not run up a lot and are still trading at historically less PE compared to own, industry PE overall and shows good results outlook.. There could be stocks which might have corrected because one off results and if they are good then those too should be looked at. Current market moves have not been ideal but at this moment market is in range only with individual stocks having lot of action.. There might be big sell off days but overall a range is set and do not see much happening as of now at overall market levels.
Nilesh
Comment by Nilesh Baldwa — August 11, 2010 @ 11:48 pm
Hi Nilesh, I have bought shares of brandhouse @ 41,anikinds @63,lancoin @62, noidatoll @ 33 pittilam @ 42 Please advise.
Comment by Rajan — August 9, 2010 @ 6:50 pm
Hi Rajan,
I do not know why you bought brandhouse but you shoudl have exited around 45.. Now if you have to hold it keep 38 as strict stoploss and keep holding and whenever you see any trading upmove try to exit the counter.
Anikinds -> It seems to be finding resistance around 70 levels.. stoploss is around 53 levels for this.. So you can hold it for now and targets could be 70-72 and then 78 and finally 85 also but ofcourse it would take time and some good news in the counter…
Keep 56 as stoploss (as such it seems to be weak now) , as below it can go to even 48 levels…If it can sustain 56 then it need to cross 63 levels as it is not possible for it cross to show any upmove.
Noidatoll -> I would rather be away from this stock…. try to exit as it is near your buy price only.
Pittilam -> Keep stoploss of 40 and on upside any upmove to 46-48 levels should be used to exit…
Nilesh
Comment by Nilesh Baldwa — August 10, 2010 @ 6:20 pm
hi nilesh, what about TRIL@435 now. Will it go further down to rs 350. Please also let me know about excel industries @ 109. Should i get out from both. Rajeev Kumar
Comment by Rajeev Kumar — August 8, 2010 @ 5:06 pm
Hi Rajeev,
It has been disappointing to see this stock coming down like this because of results… If it comes to 350 levels, you should look to add more…. You bought it at higher level of 435 but around 400 or lower levels this is always a good investment buy unless cycle changes down the line in which case it would have to be reviewed. On Excel industries, keep holding it with stoploss of 100 and you can also see levels of 133 in this counter once it crosses over 125.
Nilesh
Comment by Nilesh Baldwa — August 10, 2010 @ 6:14 pm
Hi Nilesh,
Would like to know your view on entering megasoft and birla shlokha at current levels…Also please advice on uflex should I book profit or hold..
Comment by Anand — August 7, 2010 @ 12:31 pm
Hi Anand,
I am not sure what levels you bought Uflex but you would be better off booking partially if not completely in this stock as it has moved considerably from lower levels…
On Megasoft, I think it would not be possible for it to cross 33 levels but if it does and close above it for few days, then it can go further up but till then to me it is in range with 33 on higher side and on lower side around 24 or 21 .
On Birla Shlokha -> why do you want to buy this share? I suggest to stay away from such shares but in case you need to then risk reward is OK at levels of 45-46 with stoploss of 40 and whenever you get goo trading upmove you exit…
Nilesh
Comment by Nilesh Baldwa — August 10, 2010 @ 6:09 pm
Dear Sir,
Is TVS Motors a buy at current levels or should i wait??
Rgds,
Sonia
Comment by Sonia — August 5, 2010 @ 12:30 pm
Hi sonia,
It has moved a lot and it is very difficult to buy this share at these levels.. But if you have to trade then keep 133 as stoploss for very short term trading and once it goes below it can come to 120 levels… Major support would be around 105 levels now but ofcourse it does not seem like coming anywher… Unless the share forms a top and stop making a new highs, it is difficult to say where it would stop as momentum can make price targets look silly.
Nilesh
Comment by Nilesh Baldwa — August 10, 2010 @ 6:04 pm
Hi Nilesh
Looks like Phillips Carbon is facing resistance at 210-220 and has come down again. What will make it cross this level?
Thanks
Vivek
Comment by Vivek — August 4, 2010 @ 7:32 pm
Hi Vivek,
If you look at the shareholding patter on bse for this share, in june qtr the FII and DII has increased the stake substantially and I think some strong hands have picked it up, so probably some patience is required and it should be able to cross these levels soon and head towards 240-250 levels.
Nilesh
Comment by Nilesh Baldwa — August 4, 2010 @ 11:26 pm
dear sir;
what is your suggestions about
rei agro at 21-20
gujarat borosil at 12.00
religare
accel frontline at 48
religare technova global soulution at Rs 25
waiting for your valuable advice
with love and prayers
sunilkaleeckal
Comment by SUNILKUMAR.S — August 4, 2010 @ 4:22 pm
Hi Sunil,
Rei Agro -> I do not think there is any point selling it at these levels and keep 19.5 as stoploss and keep holding it and see if it can go to 25 levels or not.
Gujarat Borosil -> Sorry I cannot comment on this stock trading around 12 levels.
Religare -> This stock is not showing any clear trend and I am not sure if I would like to enter in this stock because it can come down also… and is not entirely a strong stock i want to buy into.
Accel Frontline -> Keep holding it with 44 as stoploss as it can go in 3 months or so upto 65-70 levels.
Religare Technova -> If you want to buy it then keep 24 as stoploss… It is a trader share and not for investment – above 30 can show 35 and even 40 levels but strict stoploss should be maintained.
Nilesh
Comment by Nilesh Baldwa — August 10, 2010 @ 6:28 pm
Hi Nilesh,
Is it okay to enter Suzlon Energy at the current levels. What is your take on Shree Renuka and Dhampur sugars, do they still have some momentum left in them..
Comment by vamsi — August 3, 2010 @ 7:49 pm
Hi Vamsi,
Suzlon energy is a laggard but I think if you have to invest in it then see around 54-55 levels with 50 as stoploss for better risk reward ratio…The stock, do not know when would be again in limelight but does not come as ideal stock for investment but you can trade in it if you buy on dips and exit on any movement of 8-10%.
Sugar stocks seem to have formed a base and probably not make new lows… Wait for sugar results to come out and see how they performed.. Output should be good this year but then I think the pessimism is also probably factored in and any good news on deregulation can probably bring in another rally but would be difficult to have that sort of de-regulation…You can look to buy into them but do not buy all quantity in one go but buy 1/3rd of what you want to buy and buy remaining on dips if it falls.
Nilesh
Comment by Nilesh Baldwa — August 4, 2010 @ 11:29 pm
hi Nilesh
What is a split? How does it affect the share price… jayshree tea is heading for one.. They say the will go up before the split.. Is it a good buy now?
THanks
Yogen
Comment by Yogen — August 3, 2010 @ 4:02 pm
Hi Yogen,
Split is nothing but change in face value and in this case it would change from 10 to 5 so effectively price would get halved… Generally a share would have face value of 10 and as face value would get less stock price would reduce as it splits and the price reduces… Also the earnings per share would be adjusted and get reduced so everything gets adjusted accordingly… Generally bonus, split issues can bring in movement in stocks but then you should not get into stocks for that reason only.. the stock currently looks to go to 332 and 350 levels so if by August 13 when it is ex date it is around that level after split it would come dow near 160-175 levels…
Nilesh
Comment by Nilesh Baldwa — August 4, 2010 @ 1:29 am
Nilesh ,
Can you please give your inputs about entering central bank,Panaromic Uni,NMDC,Andrew Yule,DIL,Nat Fert ,any 1-2 of these which you think has best prospects . Also i still hold JK paper and am thinking it to hold from medium term perspective , do you think it is fine or i should exit from it ?
Comment by abid — August 1, 2010 @ 9:37 pm
Hi Abid,
On JK Paper, it is a fairly valued share and has been trending upwards.. It goes up, makes new high and correct so it is not one way movement but small steps but trending upwards.. It could probably give 15-20% returns from here in medium term but in any case if I am getting good returns earlier, I rather exit and not for sure sit until medium term.. Just keep trailing a stoploss so you can protect your profits or minimize loss.
Panoramuni -> It can probably go up from 20-21 levels so if you want to buy you can look at it with strict stoploss of 20 and you exit if it goes below it.. it is trading around 52 week lows while market at 52 week highs.
Central Bank -> it has moved already so risk reward is not good now but look at it on correction.. It can probably go further up but then also risk is more so wait for 150 levels here or 160 to start accumulating.
Andrew Yule -> Speculative share – better off not doing anything in it.
NMDC -> Can look at it with 250 as stoploss as seems to be forming a base at these levels… so risk reward is better and any good upmove can easily take it to 300 levels
Fertiliser stocks can be good for trade and it is now taking support at 115 levels so for very short term keep that as stoploss and can enter else it comes to 110 and its very good support of 98-100 below it.. On upside 130 and then 150 are possible.
Nilesh
Comment by Nilesh Baldwa — August 4, 2010 @ 1:25 am
Thank you Nilesh .
Comment by abid — August 4, 2010 @ 9:13 am
Nilesh ,
How does whirlpool look in terms of holding for next 2 months if bought at 266-268 ?
Sorry for asking about so many stocks .
Thanks .
Comment by abid — August 4, 2010 @ 10:21 am
Hi Abid,
I guess you can expect somewhere around 310-315 levels but not sure if in 2 months, it could take a bit longer…On downside 240-250 should be good support areas.
Nilesh
Comment by Nilesh Baldwa — August 4, 2010 @ 11:32 pm
What is the opinion about excel industries @109 , pg foils @ 50.65 and finolex cables @58.
Thanking You,
Rajeev Kumar
Comment by Rajeev Kumar — August 1, 2010 @ 6:37 pm
Hi Rajeev,
Excel industries has shown good moves and has been consolidating probably for another upmove… If 95 levels can be sustained and it can consolidate here only, the next upmove can take it to 118-120 levels.
On finolex cables, well 58-59 is resistance area so if it can go past over it and sustain it can show 63 and then 68 levels quickly… On downside major support is around 48 levels….and short term support at 54.
Nilesh
Comment by Nilesh Baldwa — August 4, 2010 @ 1:14 am
Hi Nilesh
I would like to know prospects of Vinati organics and Pratibha industries for 6 months. Can you also help me understand future & options?
Thanks
Vivek
Comment by Vivek — July 31, 2010 @ 2:08 pm
Hi Vivek,
Vinati Organics should be looked on corrections around 65 levels as from there risk return is better… and can give you 15% return or so from 66 levels in 6 months.
Pratibha industries has been a good outperformer in the market and you can look to enter in the stock either at these levels but then stoploss would be around 70 levels or wait for a correction so that your risk return is bettr.. and again on this stock if it can stay above 84 levels then 10-15% return is possible but better off buying on corrections.
Ensure to check the company performance each qtr to adjust your outlook and targets.
Regarding understanding FnO, not sure what you are looking at.. you should look on internet as there are vast resources available to help you decode the myth of FnO in easy way…
Nilesh
Comment by Nilesh Baldwa — August 1, 2010 @ 12:00 pm
Dear Nilesh,
Shall I purchase MMTC @ Rs.1810
Please advice
Regards
Rahul
Comment by Rahul — July 30, 2010 @ 10:25 am
Hi Rahul,
Because of very less float in the market, the share is highly overpriced and I would not like to play in this stock even though this might go further up… once the FPO comes for the stock and proper price discovery happens, then it owuld be better to look at this counter but for now, I give a miss..
Nilesh
Comment by Nilesh Baldwa — August 1, 2010 @ 11:50 am
hi nilesh,
why are you not posting any recomendation these days i really need your support in stock market..
regards
rajeev verma
Comment by rajeev verma — July 30, 2010 @ 7:45 am
Hi Rajeev,
I have not got time to do so.. I have been travelling a lot lately.. at office work has increase due to my role change and then whatever time i have get into answering people queries, doing some my trading work etc.. Also I have a family :)…. I would try to post some recommendations in a week or two but just when I think of it, some or the other personal commitment does not allow me to.. But you can always ask query on your investment or particular stock and I can answer to it….
Nilesh
Comment by Nilesh Baldwa — August 1, 2010 @ 11:41 am
HI Nilesh,
Many thanks for patiently answering the queries… I am looking to invest 50K in a weeks time for ab 3/4 months. Which share/shares do you suggest should i invest which give me atleast 10% returns.
thanks,
Manoj
Comment by Manoj — July 29, 2010 @ 6:24 pm
Hi Manoj,
Some of the stocks which I can think of and have not moved a lot and near their support levels are mentioned below.. Keep a stoploss and enter them, i am hopeful you can make 10% in 3-4 months.
Genus power – stoploss around 215
3i infotech – stoploss around 59
ABG Shipyard – stoploss around 234
Electrosteel casting – stoploss around 45
Nilesh
Comment by Nilesh Baldwa — August 1, 2010 @ 11:38 am
hi nilesh,
pls give view on Sona Koyo Steering Systems today its q1 results…profit up by 5 times but share down 10%…can i enter for 3 monts view
regards
rajeev verma
Comment by rajeev verma — July 27, 2010 @ 7:26 pm
Hi Rajeev,
Last FY Q1, company was just coming out of financial crisis and auto sector meltdown and so the profit was less and thats why you might see 5 fold jump but then stock also has gone almost 3 times from last year june value… The share now also trades more than 20 PE and is one a trader stocks and not an investment stocks, atleast for me.. So I would not ask you to invest in this share when you can buy some quality shares on market correction.
Nilesh
Comment by Nilesh Baldwa — July 28, 2010 @ 11:13 pm
thanks sir
Comment by rajeev verma — July 29, 2010 @ 6:40 am
Now this is even more funnier, after posting the last comment, I can see the older post of 23 Jul too! I am watching quite a few horror/suspense/thriller movies these days…I hope they are not having some adverse effect on me…LoL!!!
Comment by Ankur — July 26, 2010 @ 10:52 am
I think now you should see your original query alongwith reply to it.
nilesh
Comment by Nilesh Baldwa — July 27, 2010 @ 6:59 pm
Hi Nilesh,
Thanks for approving my comments. Can you give your views on Stride Arcolab from mid (6 months) to long term (12 months) perspective? The stock is trading close to its 52 week high. But i have heard that its a turn around story. I am already holding Ankur Drugs as small percentage of my portfolio. should i increase my investment in pharma as this is a much talked about sector these days?
Comment by Ankur — July 28, 2010 @ 1:12 pm
Hi Ankur,
Strides Acrolab consolidated results have been good but standlone is not at all great… Company has been showing immense strength and has just gone in one direction. I understand everyone is talking pharma but then this sector has been outperforming for some time now, I wonder till when it would.. If it probably another leg but if I see lot of stocks are correcting now and now showing the same strength as they used to show… And its a golden rule when everyone is very bullish on specific sector and stock, it might move but then it would not keep moving and everyone has been bullish on Pharma for some time now… Yes, the sector has huge potential but then the amount of gestation period and to increase revenues require lot of discoveries on R&D side or other benefits.. Its not easy to scale up business in quick time like other sectors.. also some companies might show inorganic growth.. ALl said and done, I do not think the sector might outperform market in next year or so the same way it did last year or two. You should not increase your portfolio percentage with pharma, assuming you have good enough percentage now (as I cannot comment correctly on this).. You have to see your overall portfolio and see what other sectors have what percentage…. and then decide.. and pharma is also defensive sector at times :)… Entering Stride acrolabs, well i do not like entering stock at 52 week highs unless it corrects and give opportunity, the risk reward is not good.. probably in 6-12 months it might be good but buying on correction is better option.
Nilesh
Comment by Nilesh Baldwa — July 28, 2010 @ 11:21 pm
Hi Nilesh,
Now this is funny!! I had posted a comment on this page two days ago seeking your advise about Geometric Soft from 3-6 months horizon. The comment was displayed for a day and now it’s not visible… I hope you have not blacklisted me…:)
May I request you again for your guidance. Thank you.
Comment by Ankur — July 26, 2010 @ 10:48 am
Hi Ankur,
Unless I approve a comment, it is not displayed on the blog. I have now replied on your query.
Nilesh
Comment by Nilesh Baldwa — July 27, 2010 @ 6:59 pm
hi nilesh..
i have bought sterlite at 180(effectively )before bonus…..what should i do with it….
Comment by vipul — July 23, 2010 @ 10:41 pm
Hi Vipul,
Hold it now.. as if it can cross 180, then it can show 200 levels also… And on down side 160 seems to be very good support now. I think it is worth holding for now but if it cannot cross 180 and sustain then you can sell out.
Nilesh
Comment by Nilesh Baldwa — July 27, 2010 @ 6:57 pm
Hi Nilesh,
I have purchased Exide Industries at 130. Can you please give me the outlook for the stock. I am inclined to make a quick buck and get out of this stock once it rises to about 155 or so.
Regards
Umesh
Comment by Umesh — July 23, 2010 @ 3:15 pm
Hi Umesh,
Keep a stoploss of your cost price and hold it… If it can go past 140 and sustain it will show 150 levels where you should plan to exit then.
Nilesh
Comment by Nilesh Baldwa — July 27, 2010 @ 6:53 pm
Hi Nilesh,
What are your views on Geometric Soft. I bought a few shares @81.0 recently. Mr Ramesh Damani has recommended this scrip. I can hold this for med to long term but at the same time would like to know the short term future of this share.
Comment by Ankur — July 23, 2010 @ 3:04 pm
Hi Ankur,
The stock can come to 65-68 levels and you should keep 65 as stoploss in this stock. On upside, well it moves in a big way and then corrects also similarly.. Because of news of Godrej group planning to exit their investment, the stock was moving up but now it has come down again.. As such I do consider this currently as an expensive stock and would rather not buy at high end which you did… As it has made higher highs and higher bottoms, the trend says it can go up again but keep 65 as stoploss and wait for next upmove which probably should take it past 81 and near to 88-90 levels.
Nilesh
Comment by Nilesh Baldwa — July 27, 2010 @ 6:49 pm
Hi Nilesh,
This is my first comment and may I appreciate you on this effort of your’s.
I have invested in DLF @355, GEOJIT @ 46, McLEOD RUSSEL @266 and Adhunik Metaliks @115. May I request you for your take on these stocks and if i should stay invested. As you can see I have not been a strict investor adhering to stop losses but am trying to be more disciplined and thats why the advise has been sought. Thanks and regards.
Comment by Hariharan — July 23, 2010 @ 12:37 am
Hi Hariharan,
In DLF you can expect to see 380 + levels also in next 4-6 months. But on Geojit, I do not know if this will come and when.. as this stock is one of the weakest and when it moves it goes to your buy price and again come down… so you can expect it to probably go up again but it is a stock where it is probably some news which can take it up there but now no indications for it to go there. On Mcleod russel, it is a negative chart and I think the rise which it has shown is a chance for investors to exit.. if it breaks 210 levels, you should exit as it can make newer lows also again… But if it can sustain then you can hold….
Nilesh
Comment by Nilesh Baldwa — July 27, 2010 @ 6:46 pm
Greetings Nilesh
Is it a good time to enter L&T for short term gains?
thanks
yogen
Comment by Yogen — July 22, 2010 @ 7:19 pm
Hi Yogen,
Entering L&T around 1700-1750 levels would be better with stoploss of 1690 and if you cannot wait for it and want to enter then you can probably look at 1830 levels with 1810 as stoploss.
Nilesh
Comment by Nilesh Baldwa — July 27, 2010 @ 6:34 pm
Dear Mr. Nilesh, Hope you are good.
Pls let me know the resistance and support level of the followings:
1. TRIL for 3 month horizen
2. DCB
3. VIP Industries
thank you,
Joseph, Kuwait
Comment by Joseph — July 22, 2010 @ 4:13 pm
Hi Joseph,
TRIL -> Support is seen around 380 and resistance around 460
DCB -> 43 as support and 58 as resistance
VIP Industries -> It is making new highs and resistance cannot be easily called for such stock.. But seems 350 should be good support now and below it 325… on higher side 420-430 could be next resistance level.
Nilesh
Comment by Nilesh Baldwa — July 27, 2010 @ 6:33 pm
Hi Nilesh,
A month ago I have brought 2 lots of LUPIN @ average rate of 1922/- for the month of 29July. Since then it has came down drastically. So please advice me what should I do, is there room ahead for this script.
Thanks,
Prashant S.
Comment by Prashant — July 22, 2010 @ 3:18 pm
Hi Prashanth,
As I was away, could not respond.. I see the share has bounced back again and above your price.. I do not know if you have sold it not.. It seems you are making decent profit on it. The company announce the results tomorrow but the way it has moved to almost high , it can suprise with further upmove… Look out for levels of 1990 on upside and and 1930 on lower side. If it can go past 1990 then you can expect another move taking it near 2050-2100 levels but not sure if it would go past in this series… On lower side it should be doing good to stay in region of 1930 and keep that as stoploss to protect your profits.
nilesh
Comment by Nilesh Baldwa — July 27, 2010 @ 6:24 pm
Dear SIr,
Wld appreciate if u wld give some recommendations on options too.
Rgds,
Sonia
Comment by sonia — July 21, 2010 @ 1:50 pm
hi nilesh,
pls tell when will BILT q1 results announce…and also give idea about noida toll @32..i want take fresh entry…
warm regards
rajeev verma
Comment by rajeev verma — July 19, 2010 @ 9:44 pm
Hi Rajeev,
There is no board meeting information on website of exchange so would not know. Look regularly on the website of exchange and you would know when the board meeting is. On Noida Toll, I would not be inclined to buy it now as I feel this is one of trader shares which is better to buy at lower levels but not here…
Nilesh
Comment by Nilesh Baldwa — July 19, 2010 @ 10:42 pm
many thanks
Comment by rajeev verma — July 20, 2010 @ 7:58 pm
Hi Nilesh… I hv read a lot of recomm. for SEL mfg.. Do you think it is worthwhile at CMP of ab 50… How much will it rise ( if it does) and how long could it take?
thanks,
Manoj
Comment by Manoj — July 19, 2010 @ 3:33 pm
Hi Manoj,
The stock is trading at 52 week low, I would never like to enter in share which is trading at 52 week low while market is at 52 week high. The stock probably can bounce back from here as it did last time and again go higher like 60 or 70 levels but then the point is this is not right stock picking.
Nilesh
Comment by Nilesh Baldwa — July 19, 2010 @ 10:53 pm
Sir, i am willing to enter share market. i am ready to wait for 3-4yrs for good gains. can u please suggest me some of the stocks.
Comment by Srinu — July 17, 2010 @ 4:16 pm
Hi Srinu,
It is good to have that long term period but I do not think we should enter into market with set period but choose good stock and have targets in mind and stoploss and review them regularly and take decisions… For a stock to move it takes few weeks or couple of months in long period also, when it has moved most… So the idea is to enter good stock at right levels…..
You can look at some of the banks like OBC, ICICI Bank, Canara Bank on corrections, then IDFC is another good company to look at on corrections… Other stocks could be Genus Power, Patel Engineering, Cosmo Films …
Nilesh
Comment by Nilesh Baldwa — July 19, 2010 @ 10:59 pm
Hi Nilesh,
Hope you had a nice vacation 🙂
Would like your view on GAEL @ 22.50,
uflex @ 109 and century textiles @ 464
Comment by Anand — July 17, 2010 @ 1:29 pm
Hi Anand,
Yes, I had a nice time 🙂
GAEL -> it generally goes down from 30-32 levels and again come to 20-22 levels so better exit around 30 levels and re-enter lower.
Uflex -> Hold it… If it can sustain over 130 and close can show 145-150 levels also.
Century Textiles -> You can probably hold it for now.. It has good support around 445 levels and major support around 420 levels.. On upside if it can go over 480 and sustain for few days or a week then 520 can also be seen.. So as it is consolidating now, hold it.
Nilesh
Comment by Nilesh Baldwa — July 18, 2010 @ 10:22 pm
Hi Nilesh,
I have Phillips carbon @ 204 . Till what rate can I hold on to it for short term?
Comment by Mhadev — July 17, 2010 @ 11:30 am
Hi Mhadev,
I assume results would be good this qtr also and it can probably scale upto 230-240. so you can hold for now.
Nilesh
Comment by Nilesh Baldwa — July 18, 2010 @ 10:19 pm
Hi Nilesh.. I have NHPC 350 @ 36.. should i hold for long … how much you anticipate its price after 1-2 year s?
thanks for answering our queries..
regards,
Manoj
Comment by Manoj — July 16, 2010 @ 2:45 pm
Hi Manoj,
If you are not sort of impatient person who want to see the same set of movement in a stock and in very tight range, you can probably hold it. But if you want to see volatility and stock price movements, then you should move out :). On the price targets, well company is not overvalued at current levels, If you want to hold this stock then you should plan to buy more at lower levels around 28 -30 levels so your average price is near to 30 or 28. As you are already 15% down from your buy price (IPO). I consider that broadly stock would be in range of 37 on higher side and 24 on lower side (if it comes there should buy it). And once it breaks out of this range in a year or so you can expect around 45-50 levels on the stock. Thats what I would think. Fundamentally, the project execution takes time and profit margin is good if you see the results, so once they add revenue there profits too would expand but there would be lot many players stuck in this stock from IPO and would like to sell out when it rises, so it would be a ride which can frustrate you and check your patience. Make sure to review the fundamentals of company every quarter alongwith market conditions.
Nilesh
Comment by Nilesh Baldwa — July 16, 2010 @ 7:23 pm
Hi Nilesh,
I have bought shares of
orientppr @ 41,
firstlease @ 58,
zicom @ 83,
electherm @ 298.
Please advise
Comment by Rajan — July 16, 2010 @ 10:00 am
Hi Rajan,
Orientppr -> You should have exited when it went over 60 as 50% returns were coming for you. For now, you can probably stay with 52 as stoploss and if it can jump back from there and go up then again it can show 60, 62 and 65 levels.
Firstlease -> It seems to go up for now so probably keep your cost price as stoploss for now and on higher side in medium to long term you can expect 75 levels on the stock.
Zicom -> It is a weakt stock and might underperform… But you can hold it for now as it has been consolidating but keep a stoploss of 75 in it.
Electherm-> Keep it for now.. with a stoploss of 270… I think on higher side 350 and then 400 is possible in medium to long term.
Nilesh
Comment by Nilesh Baldwa — July 18, 2010 @ 10:41 pm
hi nilesh
i have purchased tata steel 500 put option at Rs.25/- now it is trading at Rs.8.50. The share price of tata steel is increased continuosly for last 4 days. Now it is trading at Rs.512/-. What would be the position of tata steel for next 10 days.
regards
Hari
Comment by HARI — July 15, 2010 @ 8:07 pm
Hi Hari,
I do not know why you purchase Tata Steel put of 500 because it took strong support around 470 levels in July and did not go below it. Now I do not think the results of company would come in July before expiry, and looking at how share is moving, it should probably not go much below 500 but rather try to attempt go past 523 levels and head towards 550. I do not say it would go there just now but it is looking to go up and I do not think it can go to sub 500 levels in this expiry atleast looking at call / put data of stock and the stock movement in equity market. But if it can sustain below 500 then it can go back to 470 levels which I do not think is likely unless some global sell off triggers.
Nilesh
Comment by Nilesh Baldwa — July 15, 2010 @ 9:34 pm
Hi,
I have subscribed to your blog, but I checked and I get the message that my account has not been activated. I would appreciate if you could help me out to activate my subscription. I have also confirmed what settings I would prefer fom emails.
Thanks and Regards,
Shirley
Comment by Shirley Paul — July 15, 2010 @ 7:50 am
Hi Shirley,
You should have received email when you subscribed and asked for clicking a link to confirm the activation. Do you mean after that you got the message that your account has not been activated?
At my end I do see your name under subscribed list, so I do not think there should be an issue.
Nilesh
Comment by Nilesh Baldwa — July 15, 2010 @ 12:58 pm
Hi Nilesh,
I would like to enter LIC and M&M for a short term, what levels would be appropriate?
Do we get regular emails from your blog if we have subscribed? I have set it for 6.00 – 8.00am Mondays.
Sorry to bother you, but I am new to this blog and very enthusiasitc and interested to get it right.
Thanks and Regards,
Shirley
Comment by Shirley Paul — July 16, 2010 @ 8:45 am
Hi Shirley,
M&M seems to be weak for now and you need to watch out levels of 595-600 and if it goes below it and sustain there on closing basis, you can see 560-565 levels in that share. It has not been able to cross 635-640 levels and seem to have made a double top at those levels but only once it breaks 595-600 , it can be confirmed else it can always bounce back and be in that range.
LIC housing Finance looks good, and you should not get into it now as there is euphoria and let it correct and come to 1000-1020 levels where you can look to enter with stoploss of 960 or so but it is a strong shore and has been showing quite a strength in its move.
About email subscription, I do not know if you have set emails to come for your comments or all comments, but regarding my post, those would come only once I post something and would be sent to everyone immediately (I think so). I have not posted any recommendation for some time as it becomes difficult with my work but I sort of respond to queries and in that many shares are discussed and recommended indirectly. Nice to know about your interest.
Nilesh
Comment by Nilesh Baldwa — July 16, 2010 @ 7:14 pm
Thanks for the guidance Nilesh. I have been getting the emails and that is sorted out.
I would like to know the levels of entry and entry for short term trade on the following scrips:
1. Banco Products (India- auto anc)- I know it has reached a new high of 122+ (expected to touch 130/5) and the bottom of around 108 seems to have moved to 112-114.
2. Goa Carbons – As of now I am planning to enter at 101/102 and exit at 111.
3. TVS Motors – was planning to enter 1t 105-113 levels, but past week it has been sustaining at 117 and reached 124+. Results are this week and stock is expected to possibly reach 135 levels. Can I enter for a short trade at around 117? For entering after some correction what levels can I look for entry?
Thanks,
Shirley
Comment by Shirley Paul — July 17, 2010 @ 10:01 am
Hi Shirley,
I think you have made right analysis of the Banco and Goa Carbon stocks…. Regarding TVS motors, better to wait for results and then see, as stock has run up in anticipation of good results and it wont be surprising to see profit booking if results are in line and also correction if they are below expectations.. Why to enter just few days in advance and take the risk.
Nilesh
Comment by Nilesh Baldwa — July 18, 2010 @ 10:01 pm
Sorry, in the previous comment I meant – I would like to know the levels of entry and exit for short term trade…
Comment by Shirley Paul — July 17, 2010 @ 10:04 am
Hi Nilesh
I do not understand technials,can you give some idea on movements of
1.apollo hospital and 2.kirlosker
pneumatics.
Comment by Ami — July 14, 2010 @ 11:26 pm
Hi Ami,
On Apollo Hospitals -> The stock movement has been making a big move up and then coming down but it has been making higher highs and now it is in middle… The good support is around 710-720 levels for this stock for now. On higher side it can possibly show 800+ levels.. THe range if broad and I can say 760 (as very short term support) and 830 on higher side.
Kirloskar Pneumatic -> Keep holding it as it can show 650 levels in medium term or so.
Nilesh
Comment by Nilesh Baldwa — July 15, 2010 @ 9:21 pm
Hi Nilesh!
Thanks for your razor sharp reply.
Comment by ami — July 15, 2010 @ 10:10 pm
Hi Nilesh,
I purchased Provouge six months back at Rs.58/-. Last week it moved to Rs.62/- and now again it is coming down. What should i do and what should be next target (1-2 weeks)
Comment by Syed Rashid — July 14, 2010 @ 11:09 pm
Hi Syed,
It has been a laggard only and now it moved with FDI news coming last week. But in any case with some movement today it can go upto 68-70 levels in case last week high can be taken out of 65. But there is no point looking for shares like this which are laggards and have shown new lows. But as such in percentage wise, you are making around 10% and can possible see stock in range of 60-68 in next 1-2 weeks.
Nilesh
Comment by Nilesh Baldwa — July 15, 2010 @ 9:14 pm
Hi Nilesh, I have bought shares of brandhouse @ 41,anikinds @58,lancoin @62, noidatoll @ 33 pittilam @ 42 Please advise.
Comment by Rajan — July 14, 2010 @ 10:38 pm
Hi Rajan,
Brandhouse -> As mentioned earlier also, this stock can be a hold with 38.5 as stoploss and on upside over 46 it can go to 49 and if it cna sustain and go past 50 then can shown 54 levels.. But this is not a stock to be kept for long term or so, should be booking profits on rally as it can come down and bore you a lot by stucking in a range for long period. For now its a hold.
AnikInds -> Keep 53 as stoploss and hold it… It can go to 70 levels and if it can take it out and sutain then you can even see 85 levels on screen. So hold for now.
Lancoin -> You can watch for 55 and 58 levels if both cannot hold then stock can be a laggard.. It has not been able to cross 63 levels and once it can go past it can show 68 levels. But seems to be just waiting now for results and then possibly direction would be decided.
Noidatoll -> You entered at quite a high price… It has resistance around 35-36 levels and only once it cross it that you can see some profit else you are better off exiting this stock as it is anyhow a laggard and rally it has shown could be a false rally only. It generally shows movement till 45 levels also and with Commonwealth coming up, the chances of the share being on traders mind but personally I would never invest in this company 🙂
Pittilam -> You can keep holding it with 40 as stoploss . Over 45 it can again go to 48-50 levels where you can look to exit as some resistance would come there. For now it is trending up but again not a very solid company.
Nilesh
Comment by Nilesh Baldwa — July 15, 2010 @ 9:09 pm
Hi Nilesh,
I have purchased 200 Gitanjali gems @ 143. Pls avise me on the future course. Many analysts have been saying that it is now in an uptrend.
Umesh
Comment by Umesh — July 14, 2010 @ 5:24 pm
Hi Umesh,
The stock has definitely given a breakout and there was lot of accumulation before this move. Now you can either keep a stoploss of 130 and keep holding this stock as I see following targets: 165, 180 and then 198-205. Now with momentum the first 2 targets might come in short to medium term but the other target might take longer time. But the way stocks move it would be difficult to predict timeline on this. But you can look to keep a trailing stoploss and keep holding it for now and revise your outlook based on future movements and results that come up.
Nilesh
Comment by Nilesh Baldwa — July 14, 2010 @ 9:34 pm
Hi Nilesh,
How are you. Hope u r fine. pls let me know the support and resistance level for the following :
1. Siemens
2. Escorts
3. JSW Eergy
thank you
Comment by J Chacko — July 12, 2010 @ 2:00 am
Hi Joseph,
All stoploss and resistance are trading stoploss, very short term.
Siemens -> Support seems to be around 710 levels and resistance around 745 and then 762 levels.
Escorts -> Resistance around 210 and support around 185 levels.
JSW Energy -> 121 as stoploss and over 125 it can go to 130-132 levels.
Nilesh
Comment by Nilesh Baldwa — July 13, 2010 @ 10:49 pm
I have got powergrid purchased 2 years ago @ 150 about 1000 shares. Pls advise what to do ?
Regards
Comment by Shailendra — July 9, 2010 @ 1:37 pm
Hi,
What should I say, it does not look anywhere close to going to 150 levels. It is in a range of 100-125 and only once it breaks out of range, it can go to 140 or plus levels but till then you cannot see it going anywhere. You should have averaged it when it went to 50-60 levels so that your cost price would have been lower. There is no point selling now as its near support of 100, so better wait out and sell around 120 as it generally goes there but if it goes past it then you can see 140…
Nilesh
Comment by Nilesh Baldwa — July 12, 2010 @ 11:43 pm
Thanks Nilesh. I have been following your advise for last 2-3 months, and luckily able to earn money from your advices.
Thanks,
Shailendra
Comment by Shailendra — July 13, 2010 @ 11:17 pm
Hi Shailendra, Nice to know that you have been able to earn money from my advices. Happy Trading!
Nilesh
Comment by Nilesh Baldwa — July 14, 2010 @ 6:25 pm
Hi Nilesh,
My employer has given me some bonos and i want to invest in equity for long term, say 2-3 years. In my opinion, fundamentally good shares do give good returns over a long term though they may be expensive at present such as Infisys, Wipro, Hindalco. can you please advise on this and suggest feq scrips with high probability of good returns.
Rgds, Anil
Comment by Anil — July 8, 2010 @ 6:32 am
Hi Anil,
Nice to know you received bonus and looking to invest for long term. But frankly speaking as has happend last time, rather than being very particular of being invested for long term, look to invest for long term with option of reviewing every quarter atleast and then if you see good returns then try to book out , its not a necessity to stay in a stock for 2-3 years necessarily. Also there are stocks which are cyclical and might not be trending in 1 direction only. Anyways, I think you should look at following sectors and stocks probably:
Financial -> You need to have exposure to Indian financial sector – probably stocks like South Indian Bank, Bank India, SBI, other PSUs, IDFC too could be good bet.
In Metals -> Knowing its cyclical, you can look at Hindalco in range of 130-145, Sesa Goa
You can also look at stocks like Patel Engineering, TRIL, Reliance.. There are midcaps also.. difficult to mention all here.
Nilesh
Comment by Nilesh Baldwa — July 12, 2010 @ 11:37 pm
Hello Nilesh,
I have JKpaper 100 @ 57; SRF 60 @ 230 ; GIC hsg 60 @ 100 .
I wnat to add more for 3 months, Please advice whiich one from above should i add more ?
thanks,
Manoj
Comment by Manoj — July 6, 2010 @ 3:19 pm
Hi Manoj,
It is difficult to tell what would happen in next 3 months as we could find market correcting and then come back to same levels or be lot higher. In any case, all three stocks seem to be good. GIC Housing has already run up and gone to 111 levels, I would rather prefer buying it on correction and yes it can go further up as its making higher highs which is always a characteristic of strong share but its hard to give any targets. On JK Paper, I already think it would go to 61-62 levels and from there you need to see as it can then go further up. SRF is again a good share which can probably be around 250+ levels in next 3 months as the company is doing well and is not at all over valued.
Nilesh
Comment by Nilesh Baldwa — July 6, 2010 @ 11:14 pm
Nilesh..
thanks for your thorough answer…
regards
Comment by Manoj — July 7, 2010 @ 10:50 am
Hi,
I have sterlite 211@Rs.170/-. can i hold or sell, because off late every body is telling it will go down to below 150
Pls advice.
Thanks
John
Comment by John Albert — July 6, 2010 @ 12:37 pm
Hi John,
Sterlite corrected a lot with other metal stocks and the bounce was due to oversold conditions. Now in this correction Sterlite held levels of 150 and bounced upto 180 before correcting again. Now unless stock go past 180, it is weak. On downside major support is around 140-145 levels but if it comes below 150 and does not take support at 140-145 levels then it can even go a lot further down. It is ofcourse not a strong share at this moment. So at this moment, there is no point selling it as you can hold upto 150 levels or else if you want to ensure that you do not see more loss, you can get out as definitely the market conditions are uncertain with global setup and the rally today could be just from oversold levels. So either you can sell out now and wait for market to be firm or else hold now assuming 140-145 levels would held but yes its risky for now.
Nilesh
Comment by Nilesh Baldwa — July 6, 2010 @ 11:04 pm
Hai Nilesh,
wat about 3i infotech…can we enter at this level with stoploss 59?
Comment by sridar — July 5, 2010 @ 12:48 pm
Hi,
Yes, it seems alright as the risk is less at these levels if you can keep a stoploss of mentioned value.
Nilesh
Comment by Nilesh Baldwa — July 6, 2010 @ 10:42 pm
hi nilesh,
pls give idea about Ballarpur Industries.
thanks
rajeev verma
Comment by rajeev verma — July 2, 2010 @ 8:00 pm
Hi Rajeev,
You should have bought it when it came around 28-29 levels. At current price it is in between lower range of 28 and higher range of 38. Now the stock showed big move earlier and then corrected and again now coming up. So it might again go upto 38 and attempt to cross and if it can then can go higher but if it comes down from there it might be in this broad range for some time. But yes the stock can be bought into corrections and played in this range. And in case you have it already, hold it for now.
Nilesh
Comment by Nilesh Baldwa — July 6, 2010 @ 10:55 pm
thanks….
Comment by rajeev verma — July 7, 2010 @ 6:30 am
can we add 3i infitech @ 60-62. wat is the strong stoploss/ i have 150 shares@70….?
Comment by sridar — July 2, 2010 @ 8:21 am
Hi Sridar,
Yes, as I have mentioned earlier also this can be bought at these levels with stoploss of 60.
Nilesh
Comment by Nilesh Baldwa — July 6, 2010 @ 10:40 pm
Hi Nilesh, I have bough shares of brandhouse @ 41,anikinds @58,lancoin @62, vipul @21. Please advise.
Comment by Rajan — July 1, 2010 @ 9:52 pm
Hi Rajan,
Brandhouse – The share is not giving any move, so I cannot say when it mvoes but just see that you keep 38 as stoploss and if it can go up over 45 then probably some movement can come in it. But once you get decent returns exit, This is not a stock to be staying invested.
Anikinds -> It looks good can go to 70 odd levels and if it can sustain over it then go to 85 also… Seems good for medium term.
Lancoin -> Keep a stoploss of 55-58 in it and if it can go over 63 then can make some attempt on higher side, till then seems to be in range so hold probably.
Vipul -> No idea.
Nilesh
Comment by Nilesh Baldwa — July 1, 2010 @ 11:45 pm
hi nilesh
i have purchased rei agro 1000share @31.4 what shall i do pls suggest.andrew yule jump yesterday it touches 41..but i cannt purchase..
regards
rajeev verma
Comment by rajeev verma — July 1, 2010 @ 9:48 pm
Hi Rajeev,
You can probably keep 25 as stoploss on it and hold it for some more time.. Probably it might give another upmove…. See if it can go past 35 in that move else try to exit then it if shows weakness around 35 levels….. It would be stock in range and not do much so I think it will probably not outperform or make big upmove.
Nilesh
Comment by Nilesh Baldwa — July 1, 2010 @ 11:50 pm