Please post all your Generic queries / discussion points / inputs on the blog in this section as comments. Any query or comments specific to a post on the blog for month should be posted under that section only and not under this Q&A.
Thanks
Nilesh
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Tracking, Trading and Investing in the Markets 
Hello Nilesh, how are you doing? any predictions for LT Foods, it is in the range of 58-65 since a long time, request you if you may provide comment on its price movement.
Comment by dhiraj — April 1, 2010 @ 6:22 pm
Hi dhiraj,
For any ranging stock, try to buy at lower end and sell at higher end and unless the stocks mvoe out of range in whatever direction, there is not much prediction required. Just do the trading in the range….
Nilesh
Comment by Nilesh Baldwa — April 4, 2010 @ 11:30 pm
Dear Nilesh
I am holding Andhra Bank @ 100. do you think it will rise or should i exit?
thanks
Yogen
Comment by Yogen — April 1, 2010 @ 11:24 am
Hi Yogen,
It made high of 110-111 in previous few trading sessions so see if it can go up and cross it else for very short term it might consolidate and come down.
Nilesh
Comment by Nilesh Baldwa — April 4, 2010 @ 11:49 pm
Hi Nilesh,
Would like to know your view on entering india cements and andhra bank for short term.
Also please share your view on entering tech mahindra at current range from an investment perspective.It seems to be undervalued compared to its peers…
Comment by Anand M — April 1, 2010 @ 10:15 am
Hi Anand,
Andhra bank can go on upside upto 115-118 levels on crossing 110. On downside 95-98 levels should be good support for short term.
Tech Mahindra could be a good stock from investment perspective… It has major support around 810-830 levels and then 675… which I definitely think should not break… so you can try to buy it.. There is lot of negative news around it due to how they showed certain things in balance sheet and also the cloud over satyam.. but if all goes well, this could be a really very good stock giving quite a high return.
Nilesh
Comment by Nilesh Baldwa — April 4, 2010 @ 11:55 pm
Hi Nilesh,
Hope you are doing fine. Pls advise on the following.
1. Micro Tech-shall I continue to hold ?
2.Fkonco- same as above
3.Phoenix Mills- same as above
Also
1. DQE
2.Cairn India
3.Mcleodrussel
4.Syncom Health
5.Infosys & satyam computers
thank you,
Joseph
Comment by joseph — April 1, 2010 @ 12:10 am
Hi Joseph,
I am fine.. Regarding first 3 recommendations, you can continue to hold on as Microtech and Fkonco made a move yesterday and seem OK to reach target. About Phoenix mills, it reached target earlier itself… Anyways the stock generally bounces from 180 and go till 200 or 200+ levels so if it breaks 180 then you should look to exit.
Cairn -> If it can sustain 300-305 levels then it can even go to 340 levels or so…
Mcleod Russel -> It can come to 250 and then even come to 235 levels. It has not gone past its previous high so could be that it stays in a range for now…
Infosys -> Results could be trigger for this stock but the rupee appreciation is affecting on downside also..so difficult to predict but it has corrected from top and on downside 2450-2500 is support area while on upside unless it takes out previous high it would be in a range only.
About DQE and Syncom, if you are making decent profits from IPO, try to exit or keep stoploss….
Nilesh
Comment by Nilesh Baldwa — April 2, 2010 @ 10:42 am
Dear Nilesh
Greetings
Castrol has announced a bonus. Would you advise getting into it at this stage ?
Thanks
Yogen
Comment by Yogen — March 31, 2010 @ 9:18 am
Hi Yogen,
Castrol as such looks good and if it can close above 710-720 levels then can even go to 760 and then 780 levels but on downside keep stoploss of 675. So you can enter with this stoploss and mentioned target. But as such bonus is nothing new as it was to happen and so it could definitely help but do not get overjoyed with bonus and expect stock move a lot.. But yes the company is good and share would give good returns… as long as you keep stoploss in your trade to minimize loss.
NIlesh
Comment by Nilesh Baldwa — March 31, 2010 @ 10:28 pm
Hi Nilesh
For last couple of months Bajaj auto finance has been trading between 300 and 320. There are always more buyers than sellers and there is a good difference between the price quoted by buyers and sellers. Any possibility if it will give a breakout in short term future?
Comment by Vivek — March 30, 2010 @ 9:57 am
Hi Vivek,
Yes the share has been in consolidation and still in uptrend. About the point of being difference in buyer and seller, well shares where volume is less and less liquid than other liquid shares, you get jobbing of few rs at times and these shares moves intraday with volatility. About breakout, if it can go past 330, then 350 could be on cards and above 350-360 it could be good for lot more… So for now hold on.. On lower side make sure you keep stoploss of 300 in short term and 260 in long term.
Nilesh
Comment by Nilesh Baldwa — March 30, 2010 @ 10:23 pm
Nilesh Good Morning
Can you Advice on NMDCL, IPO price is Rs 300 and stock is available in the market at Rs 288, is it a good buy
Comment by Satish — March 29, 2010 @ 12:12 pm
Hi Satish,
Depends on your outlook. For now if it sustains 280 levels then you can expect some bounce but let all the news and pressure of new shares in the market be out of the way, and let the share consolidate and show signs of stability before you plan to enter into it…. It can go a lot further down if it breaks 280 levels and stay below it.
Nilesh
Comment by Nilesh Baldwa — March 29, 2010 @ 10:23 pm
i am holding shares i.e. 1. United Breweries Holdings Ltd. 2. Hanung Toys & Textiles 3. Indiabulls Real Estate. pls let me know the future of the above stocks for next 1-3 Months.
Regs: Nilkanth
Comment by Nilkanth — March 26, 2010 @ 4:31 pm
Hi Nilkanth,
UBHoldings -> The share has been just in a range and moving sideways… In next 1-3 months it would be in the range probably 240 at lower end and 320 on higher side. For it go up, should sustain over 280 levels.
Hanung -> Has been a dream run, I would look to book profits here or trail stoploss atleast.. it has given almost 100% return in less than a month.
Indiabulls Real Estate -> Has been in big downturn and it can have some bounce back in next few months if market run up and realty sector stop selling but it would be really difficult for it to go anywhere above 180-200 but on downside it can even go to 120-130 levels…
Nilesh
Comment by Nilesh Baldwa — March 28, 2010 @ 11:19 pm
Hi Nilesh
I want to invest in HUL and ITC for one year. What are good levels to enter and what could be the targets? Also can you suggest some stock which will benefit from India growth story?
Thanks
Vivek
Comment by Vivek — March 26, 2010 @ 10:03 am
Hi Vivek,
Frankly speaking if I have to invest for a year, I would not be investing in ITC or HUL as they would give conservative and safe returns but not very high returns… Ofcourse they would pay you dividend also…And remember if market is to make new highs or go higher, it is difficult for FMCG stocks to outperform in big way.
Nilesh
Comment by Nilesh Baldwa — March 28, 2010 @ 11:12 pm
Hi Nilesh,
Any idea why nucleus software is coming down since a week….It touched 150 and since then it is coming down.
Thank You.
Comment by heesaf — March 25, 2010 @ 11:46 pm
Hi Heesaf,
There could be no specific reason but the share is weak and last qtr results were not good so might be its just going to be in a range or sideways before the annual results or last qtr results.
Nilesh
Comment by Nilesh Baldwa — March 28, 2010 @ 10:44 pm
Hi Nilesh,
DCB has reached near lower end of the range. Is it safe to enter at this levels or will RBI rate hike likely to push it further down..
Also please share your view on run up in pharma stocks..Can we expect further upside or is it better to exit from pharma sector??
Thanks in advance 🙂
Comment by Anand — March 25, 2010 @ 6:29 pm
Hey Anand,
Just make sure to keep stoploss of 26 in case you buy dcb, as such you can keep also 30 as stoploss but 26 is more from medium to long term perspective…
About pharma stocks, such rallies will not run forever so if you are invested book profits, if not all then atleast partial…and keep trailing stoploss to protect your profits.
Nilesh
Comment by Nilesh Baldwa — March 25, 2010 @ 11:29 pm
Hi Nilesh,
What is your view on Videocon Industries. I have been hearing that they are going to give bonus share ratio as 9:2. After this bonus share, will it reach upper circuit in short term.
Thanks in advance,
Palani.
Comment by Palani — March 24, 2010 @ 12:32 pm
Hi Palani,
There is no circuit in Videocon as it is also traded in FnO. I am not aware of the bonus news and as and when it comes we would know. Bonus issues are good but then at the end of the day price also gets adjusted in the ratio of the bonus so it is just trading excitement and if company does well then yes, over a long period it helps.
Nilesh
Comment by Nilesh Baldwa — March 24, 2010 @ 9:38 pm
Hi ,
I am having 600 Indage Vintners Ltd shares @ 55 rupes, there are some news on the company,
http://www.bseindia.com/qresann/news.asp?newsid=6441EA3F-997D-41BE-86DB-81F02DAB7139¶m1=1
can i hold this shares or can i sell this stock with loss.
Regards
Gurudatta N.R
Comment by Gurudatta N.R — March 23, 2010 @ 10:22 pm
Hi Gurudatta,
With so much uncertainty around, there would be volatile movements around this stock. Frankly speaking I would not like to be in this stock. You should have booked it the other day.. Unles company comes out with amicable solution no shareholder likes uncertainty and till that time the stock would underperform and keep correcting.
Nilesh
Comment by Nilesh Baldwa — March 24, 2010 @ 10:53 pm
i would like your view on the outcome of the board meeting of jindal cotex.i would be grateful if u give your view on the steps taken by the company.
Comment by rahul singh — March 22, 2010 @ 6:59 pm
Hi Rahul,
The board meeting was about fund raising plans, so the shares get excited on it. They have just got board approval for plans and now they need shareholders nod and agree on how they raise the money. This would increase the equity base of the company if they dilute equity.. also debt might increase.. it all depends on how they get this money borrowed.. Also they incresed FII limit from 24% to 74% which helps in increasing stake by FII on which shares get excited.. As such currently FII only have 10% sort of stake so they were not to limit of 24% also…
Nilesh
Comment by Nilesh Baldwa — March 22, 2010 @ 9:23 pm
dear sir,
i hv 100 shares of Glodyne Technoserve @550.00 now the stock is 735.00. what is the one year target of this stock?
regs: shekhar
Comment by Shekhar — March 22, 2010 @ 4:47 pm
Hi Shekhar,
The share is making 52 week high and closed higher today so for now it is hold… If it can take out todays high then it can show big movement again… But as a practice try to book some profits in another move so that you make your money free and see how quickly you are making profit.. So either be in the share with trailing stoploss which you think you want to book for sure.I think 580-600 should ve very good support.
Nilesh
Comment by Nilesh Baldwa — March 22, 2010 @ 8:45 pm
Hi Nilesh,
How are you doing. I hold KSK energy @ 200 per share. Could you please let me know if it is good to hold this stock or exit.
Thank you,
Ravi
Comment by Ravi — March 22, 2010 @ 9:04 am
Hi Ravi,
I think someone asked about this earlier or it was you..But anyways, the share can be a hold for now but fundamentally I do not see much revenue or profit growth in the company… It has shown movements on either side and was in a range for long… It can even come to 150-160 but at times it gives spike over 200 but I would prefer to exit this company on some rise or keep stoploss of 150. If you want a higher stoploss then 165 could be kept…It can show a movement to 200 also but you might have to wait for that.
Nilesh
Comment by Nilesh Baldwa — March 22, 2010 @ 8:39 pm
Hi Nilesh,
Really thank you for the suggestion.
Ravi
Comment by Ravi — March 24, 2010 @ 4:44 pm
Hello Nilesh,how are you doing? my query is on alpha geo and kwality dairy, kwality dairy either move upwards in circuit or downwards in circuit, any views on it, also alphageo is constantly moving between 195-205 level, may you pls let me know the near targets for both these shares.
regards
Dhiraj
Comment by dhiraj mark — March 21, 2010 @ 9:42 pm
Hi dhiraj,
Sorry no comments on Kwality dairy as i do not understand it for simple reason the way it moved from 20 levels to 1200+ and then they split etc.. Better to be away for me from this company.
As you said for alpha geo, it is in range and I do not expect any major movement unless it is broken out of this range… It can give 8-10% move on either sade based on which side it breaks out, so until then you can play it in the range
Nilesh
Comment by Nilesh Baldwa — March 21, 2010 @ 11:01 pm
hi nilesh,
pl give view on Andrew Yule & Company is there any hidden +ve news in this company……
regards
rajeev verma
Comment by rajeev verma — March 21, 2010 @ 9:17 pm
Hi Rajeev,
The share moves on divestment news when it does and fundamentally it is nothing great.. It has corrected a lot and I do not know what hidden news I can provide to you… I cannot help there.. In terms of the share movement, it is weak for now.
Nilesh
Comment by Nilesh Baldwa — March 21, 2010 @ 10:56 pm
Dear Nilesh,
I have (1) shree renuka sugars at 77.38 (2) Bombay Rayon at 225 (3) Network 18 at 107 . all three have not participated in recent upmove in nifty. Should i hold or square off. Please advice ?
Comment by Abha — March 20, 2010 @ 6:47 pm
Hi Abha,
Renuka -> On fundamental side you are aware of the sugar cycle not being at the high prices… So the correction and with output being better this year, the high prices will not sustain, but anyways this is a politically sensitive industry and fundamentals for companies cannot be in clear trend.. Technically 74 could be intermediate support but 68 levels should be very good supprot and share can bounce from either of the levels and stop correcting…It needs to now consolidate in a range and stabilise before moving…for downturn to end.
Bombay Rayon -> This share has been in range of 175-225 levels for a long time and has not been able to breakout of the range and sustain over it.. Any good movement can make it to rise to 270 levels.
Network 18 -> This share again has been in range but if it can go past 115 levels and breakou with high volumes then you can expect 20% movement in this stock.
Nilesh
Comment by Nilesh Baldwa — March 21, 2010 @ 2:27 pm
Hi Nilesh
Please advise on HSIL, GMDC and GSPL.Thanks!
Comment by Ami — March 19, 2010 @ 10:37 pm
Hi Ami,
GSPL -> If it can sustain 85 levels then can probably consolidate for now in range of 85-95…It has intermediate resistances between 85-95 and so if you buy keep a stoploss of 85 and 80 levels (if you want lower stoploss).
GMDC -> It has been unable to cross 160 levels and unless it cross it there cannot be any major moves here. It has been in range of 135-160 and so if it can breakout of this range then you can expect the share to go to 180-185 levels on upside while on downside, it can go to 110-115 levels.
HSIL -> It seems to be trending upwards and can go to 85-90 levels and on above it fresh breakout can be considered. On downside 55-60 levels should be good support.
Nilesh
Comment by Nilesh Baldwa — March 21, 2010 @ 2:10 pm
WHATS YOUR ON THE RATE HIKE Y RBI WILL THE MARKETS CRASH.
Comment by rahul singh — March 19, 2010 @ 8:51 pm
Hi Rahul,
There could be sentimental reaction but I still feel market is poised for higher levels this year. If you recall even markets rallied from 2003-2004, there was interest rate hike until 2008 and the market kept rallying… I do not say we are going to rally like that. It is the market participants who need events to either make people feel either depressed / panic or very excited. At one point people fear about inflationary expectations and when interest rate hike comes, then people would take negative about it.. There cant be everything what we want… One thing good that has happened is that now everyone is clear about RBI stance and that rate hikes are coming in future also and that takes away uncertainty which is always good. Looking at how growth numbers might come in coming quarters, these small hikes should not deter from our growth. So might be some gap down but recovery on same day or either in coming days. Should be good to buy if market falls and some stocks are available at lower levels.
Nilesh
Comment by Nilesh Baldwa — March 21, 2010 @ 12:55 pm
hi nilesh,
i wnt your view on transgene biotek.its a very innovative company.it keeps on doing new research.i dont why it is not making profits.
Comment by rahul singh — March 19, 2010 @ 6:48 pm
Hi Rahul,
It is a small biotech company which has a long gestation period.. You would see biotech companies are like gamble, you cannot predict the success of any molecule and there are lots of risks involved and if any success comes along the prices would move a lot… I have little knowledge of biotech companies lifecycle but the company share price has moved a lot due to recent announcements but I am not that patient investor to buy and forget this for long so depending on your outlook and horizon you can look to enter in the stock but I would not … You can keep a watch on it and see on corrections to buy… btw, if 73 levels hold then it can again try to go past 85 and go to 100 levels also.. lets see how its quarterly performance would be.
Nilesh
Comment by Nilesh Baldwa — March 21, 2010 @ 1:56 pm
Hi Nilesh,
What r ur views on Orbit corp? i hv 200 @ 270.. should i hold on?
thanks
Manoj
Comment by Manoj — March 19, 2010 @ 1:20 pm
Hi Manoj,
If it falls it can come to 250-255 levels and below that it would be very weak… As long as it can sustain above it the trend could be positive.. But for it to be performing well, should take out its recent highs….I guess this might just open gap down on Monday so you might not be lucky to get out for now…
NIlesh
Comment by Nilesh Baldwa — March 21, 2010 @ 1:39 pm
Hi Nilesh,
is Himadri chemicals is heading for a break out in upward direction ? Please advice.
Comment by abha — March 19, 2010 @ 8:55 am
Hi Abha,
It has been consolidating and yes could give some good moves.. but real big move could come above 450-460 levels
Nilesh
Comment by Nilesh Baldwa — March 21, 2010 @ 1:33 pm
Nilesh,
Please give me your views on Emmsons Intl at current rate for mid term buy. It’s fundamentals appear to be very good considering last 3 qtrs’ revenue, EPS & BV. Its equity is also very small with a huge reserves.
Rgds,
Anil
Comment by Anil — March 18, 2010 @ 11:44 pm
Hi Anil,
The company has been growing revenues but the same does not reflect well on profits for last few FY. This FY the quarterly profit has been rising steadily but if you see whole year revenue might be that great. This year has been good due to very good commodity prices. Generally a company like this is priced around 5-8 PE which it is currently as per trailing EPS. But anyways, I would not be buying this with high hopes but following levels could be looked at. You can buy it here but if it cannot sustain 78 levels then exit. On upside 105 if can be crossed would make it go to 125 levels … And above it quite high levels can be achieved but for now even from 80 to 105 levels are good returns. For now I think you can buy it but just keep an eye on company performance and the cycle of commodities in which it trades….
Nilesh
Comment by Nilesh Baldwa — March 21, 2010 @ 1:31 pm
Thanks a lot for quite a comprehensive reply. Rgds,
Anil
Comment by Anil — March 21, 2010 @ 9:54 pm
Dear Nilesh, what about FDC it is consolidated @Rs79 & 80 since so many days,whether it can test new highs.
Comment by K.Ramanaiah — March 18, 2010 @ 10:25 pm
Hi Ramanaiah,
Yes, it has been consolidating in 78 and 81.5 levels so if it can cross either side then there could be movement. On support 74-75 levels should be good levels on breaking which it can go down to 70 levels.
Nilesh
Comment by Nilesh Baldwa — March 18, 2010 @ 10:44 pm
Hi Nilesh,
Pls advice me the Resistane and support level for the follwing.
1. Man Infra
2. phoeix mills
I bought INFOSYS at 2548 level. shall I book the profit now.
Joseph
Comment by Joseph — March 18, 2010 @ 9:50 pm
Hi Joseph,
Man Infra has recently listed and there is not data to provide support or resistance levels.
Phoenix Mills -> Around 170-180, it has very good support. On higher side, 210 and 225 levels are resistance areas.
About Infosys, just keep trailing your stoploss and about targets it is difficult but this looks good for higher levels for now.
Nilesh
Comment by Nilesh Baldwa — March 18, 2010 @ 10:26 pm
Sir,
Pur Microtech @ 185 yest.. it went til 180 today. Shld i keep a strict sl of 178 or shld i hold.
Rgds,
Sonia
Comment by Sonia — March 18, 2010 @ 9:06 pm
Hi Sonia,
It is stoploss on closing basis.
Nilesh
Comment by Nilesh Baldwa — March 18, 2010 @ 10:21 pm
Hi Nilesh,
What strategy do you suggest for the below stocks?
a. Chanbal Fertilizers
b. EID Parry
c. Bharti Airtel
Regards,
Rajeev
Comment by Rajeev — March 18, 2010 @ 7:42 pm
Hi Rajeev,
a) Chambal -> Probably take a buy call around 55-57 levels with stoploss of 48.
b) EID Parry -> It is going down and has support around 335 then 320 and 300 levels… So either you can buy around these levels with 345 as stoploss or else 320… 300 is major support..
c) Bharti Airtel -> Above 307 can go to 320 , 333 and then 350 levels.. But this has been big underperformer and was good buy around 270-280 levels.. Now its in middle ground but can go up from her if the levels mentioned are maintained.
Please remember it all depends on your horizon and how you adopt strategy.
Nilesh
Comment by Nilesh Baldwa — March 18, 2010 @ 10:20 pm
hi Nilesh,
GREENPLY had a 15% move today & has hit our target of 210.
should v hold or sell @ this point of time?
regards,
Mohsin
Comment by Mohsin — March 18, 2010 @ 12:10 pm
Hi Mohsin,
It has give a move after long time and consolidation.. Lets see if it can sustain this and move in coming days… I have hopes of reaching to second target.
Nilesh
Comment by Nilesh Baldwa — March 18, 2010 @ 6:07 pm
Hi Nilesh,
Thanks for the service you are doing. I have entered into Lloyds steel at Rs.32/-. Now it is in 12-15 rupees range. Not move above that. Are there any chances of it moving up to my buying price? If yes, how much time it will take to reach those levels.
Regards,
Ramesh
Comment by Ramesh — March 18, 2010 @ 10:10 am
Hi Ramesh,
You possibly bought it on rumours or speculation at all time highs and it corrected for long and now its giving some moves… Reaching your price level would be difficult and only as it happened last time, any news or operator play can take it there.. For now, if it can go to 18 and sustain above it then you can get 24 levels on it… But expecting such shares to perform and timing is difficult better to exit at right time when you buy and they fall.
Nilesh
Comment by Nilesh Baldwa — March 18, 2010 @ 9:58 pm
Hi Nilesh
What is the target for tata coffee in 3-6 months?
Thanks
Vivek
Comment by vivek — March 18, 2010 @ 9:32 am
Hi Vivek,
Tata Coffee could go to its previous highs if it can sustain 340 and more importantly 320 levels. Over 375 it can go to 410 and then to its old highs. Fundamentally, being a commodity stock, the cycle is seasonal and not always in one trend. Last year the coffee prices were on rise and would depend on how this year goes… Pricing a commodity stock is not easy and if you are stuck at high levels then it can become a pain… But if you hold it then keep these levels in mind and trade.
Nilesh
Comment by Nilesh Baldwa — March 18, 2010 @ 9:47 pm
hello sir,
whats ur take on city union bank,it is consolidating from some days.
Is it the right time to enter or we can see lower levels from here??
Comment by Rajesh Nanda — March 18, 2010 @ 1:04 am
Hi Rajesh,
It has broken down today and is weak and could slide further… If you need to enter wait and probably look to enter around lower levels…
Nilesh
Comment by Nilesh Baldwa — March 18, 2010 @ 9:54 pm
Niesh ,
What is your view in Federal Moghul ? Is it ok to enter at 155-158 range ?
Thanks,
vinoth
Comment by Vinoth — March 17, 2010 @ 11:07 pm
Hi Vinoth,
150 is good support and so if you plan to enter then note it can come to 150 levels also.. But yes major support is in range of 135-150 levels where it made its recent lows.
Nilesh
Comment by Nilesh Baldwa — March 17, 2010 @ 11:32 pm
Hi Nilesh,
What is your view on wockhardt at current levels for a period of 1 year.
Also can we expect 110 – 115 levels for granules in short term.
Thanks in advance…
Comment by Anand — March 17, 2010 @ 6:40 pm
Hi Anand,
Granules can go to 110-115 levels if it can close out above 100 and sustain there. Regarding Wockhardt , 130-140 levels could be good support areas but its near its lows.. For a year, it could give decent returns but not sure as right now its underperforming for a long time. I could not see its results on NSE and so cannot clearly comment on fundamentals.
Nilesh
Comment by Nilesh Baldwa — March 17, 2010 @ 11:18 pm
hi nilesh,
i would like your view on the following .
1.eil@2350.it moved today due to the bonus issue news.do u think that this upmove is sustainable.when should i get out of the stock.
Comment by rahul singh — March 17, 2010 @ 4:42 pm
Hi Rahul,
Its difficult to predict targets for stocks in momentum and it can stop anywhere. You can just trail stoploss and see if stock is unable to cross highs or making new lows in 2-3 days period… that could give some indication to you.
Nilesh
Comment by Nilesh Baldwa — March 17, 2010 @ 10:50 pm
Dear Nilesh
Greetings
Does one have to pay income tax on earnings thru equity trading?
Should one book profits in TCS at this stage. I could hold on though?
thanks
Yogen
Comment by Yogen — March 17, 2010 @ 1:05 pm
Hi Yogen,
Yes, ofcourse you need to pay income tax. For short term trading (less than 1 yr), you have to pay 15% income tax.. Also there could be a case where trading might be treated as business income.. All the intricacies are not easy to explain and so you should consult someone if you have high volumes and profits to report.
Regarding TCS -> Well it can go further higher in anticipation of results for full year and current qtr.. I think in the run up can go to 860-870 levels and earnings surprise can take it further more… but keep 780 as stoploss
Nilesh
Nilesh
Comment by Nilesh Baldwa — March 17, 2010 @ 10:11 pm
And for a time frame of 30 days do you think Adhunik Metaliks is a buy, or can you suggest a good scrip for investment of around 30K
Comment by vamsi — March 17, 2010 @ 9:18 am
Hi Vamsi,
If it can manage to go above 125 levels and sustain then it can give decent returns… There might be some resistance around 130 levels but can cross if momentum is sustained.
Nilesh
Comment by Nilesh Baldwa — March 17, 2010 @ 10:12 pm
Hi Nilesh,
Would it be better to hold onto Indian Hotels, will the momentum be there.
ANd what about the sugar stocks, do you think they have stabilized or is there a more downtrend to come
Vamsi
Comment by vamsi — March 17, 2010 @ 9:17 am
Hi,
Over 100 it can go to 110 levels also.
Sugar stocks seem to be coming to their support levels but the stabilisation would only be seen, once they stop falling, bounce back, and then do not break levels from where they bounced and be in a range and consolidates.
Nilesh
Comment by Nilesh Baldwa — March 17, 2010 @ 10:17 pm
Hi Nilesh,
Want to know wether this is the right time to average lakshmi energy as i am holding 100@165.Short term target for nucleus software .Is this the right time to buy genus power .
Thank You.
Comment by heesaf — March 16, 2010 @ 11:17 pm
Hi Heesaf,
Lakshmi Energy – Should take support at 118 levels and bounce back so you can either average and keep that as stoploss and wait for further stability. For nucleus, if it can sustain 148 then can make an attempt to 160 levels also.
For Genus power, if you have medium to long term horizon then you can look to buy it.
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 11:51 pm
Hi Nilesh
Thanks alot for your advise.
Pl guide me about ICSA. It has corrected much and new orders news are coming in.not much improvement upto March 2010. results but that is already discounted in the priice.
Comment by Ami — March 16, 2010 @ 10:23 pm
Hi Ami,
Yes, ICSA has been a big underperformer and could not do much for long time.. It might be bottoming out but its too early to say… See if 125 levels can be hold and the share can bounce back and sustain at higher levels… This sector as a whole has not been doing good and underperforming… I would just ask to keep a watch and see what it does.
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 10:58 pm
Nilesh ,
I have 200@116.30 FKONCO, should i increase my position in it or instead look for visaka ? which one looks better ?
Thanks,
vinoth
Comment by vinoth — March 16, 2010 @ 10:10 pm
Hi Vinoth,
I would say you should probably buy Visaka just to make sure you do not buy just 1 share and it is also good….
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 11:00 pm
Thank you Nilesh
Comment by vinoth — March 16, 2010 @ 11:07 pm
Good Morning Nilesh
your buy call on FKONCO, is still on, can we buy CMP, and also want you to throw some light on FERROALL
Comment by Satish — March 16, 2010 @ 12:45 pm
Hi Satish,
The scrip could not cross 125 and sustain so it has come down.. On downside I expect ti to bounce from 114 and if that does not hold then 110 levels.. If that is also broken you should exit but for now it is hold and can be bought.
Ferro Alloys has rise from almost 10 levels to currentl levels and it would be risky but with momentum share can even go to 25 then 28 levels also.
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 12:59 pm
Dear Nilesh
I bought FKONCO @ 121 levels. Any updates on the scrip since it is falling down.
Comment by harish — March 16, 2010 @ 11:06 am
Hi Harish,
The scrip could not cross 125 and sustain so it has come down.. On downside I expect ti to bounce from 114 and if that does not hold then 110 levels.. If that is also broken you should exit but for now it is hold
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 12:56 pm
Hi Nilesh,
Why no posts for last two days??
Seems like market is bit boring for all for last few days…Ok..I would like to know your short term view on megasoft( With results likely in few days) and essar oil
Comment by Anand — March 16, 2010 @ 8:55 am
Hi,
I just replied below for essar oil, please look at that response.
For Megasoft, it is a stock in range and results are never spectacular… On downside 22 levels and upside over 28 ccan go to 32 levels..
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 12:54 pm
Hi Nilesh,
Seems my faith in megasoft has got right..Locked in circuit after results..Hope it can take out 28 levels.. 🙂 Whats your take now?
Comment by Anand M — April 1, 2010 @ 3:51 pm
Hi Anand,
It made lower low and then bounced back and only if it can go up and sustain things might look OK but I do not have much faith in such underpeforming stocks unless they actually deliver, so do not think that it will only go up.
Nilesh
Comment by Nilesh Baldwa — April 4, 2010 @ 11:35 pm
Hi Nilesh,
please give support and resistenace level for the following:
1. Fortis health
2. Havells
3. Hindcopper
4. Infosys
thank you
Joseph
Comment by joseph — March 16, 2010 @ 1:36 am
Hi Joseph,
Fortis Healthcare -> This stock is at all time high levels and it is difficult to say what could be the target or resistance.. Stock would give indications of topping where it would not be able to move forward and then consolidate.. It would be better off for then.
Havells -> 507 should be support and resistance could be 560 and then 575 also….
Hindcopper -> Technically it is difficult to give levels as the data available is very less.. but you could see on downside 350-380 levels and upside probably 520-540 levels but I would say do not go by this.
infosys -> 2715 on closing basis could be important resistance levels as it would then make it new high territory… On support side 2450-2500 levels has good supprot
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 12:52 pm
Hi Nilesh,
I have few shares in Penensula Land, though the results for Dec quarter were rasonably good, still the stock did not pick up.
Can i hold them for long term perspective.
Comment by Rashid Ahmed — March 15, 2010 @ 11:52 pm
Hi Rashid,
If 70 levels can hold and stock consolidates in the range it is not bad… And in long term I do see if it can go above 95 levels then go to even 120 levels… You just need to ensure it does not go below 70 and stay there as else in that case it will be in downtrend and good for you to exit then…As such from long term even 60 levels could be good support.
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 12:42 pm
hi nilesh
Will you please advise entering now in to U-FLEX, Surya roshini
and mic-electronic and graphite ind. at current levels for 6 months to 1-yr horizon.
Comment by Ami. — March 15, 2010 @ 10:15 pm
Hi,
Uflex -> Current levels could be a good buy for this stock for 6months to 1yr horizon. The downside could be limited to 85 levels if it falls and on upside it can give good returns.
Surya Roshini -> This stock can even show 100 levels… On downside it should see good supprot at 68 and then 58-60 levels.. and should be limited there…
Mic-electronic -> The share has been underperforming for long time now.. but if you want to enter then 35-48 levels are more safe levels to enter and exit around 45-50 levels… But I think there are better bets than this stock, unless this stock clearly goes up and is no more in downward trend.
Graphite India -> Above 95 this would go all time high levels and can make it ride further high.. Today it has already moved on news.. Not sure if you want to enter nwo but wait for corrections…On downside if 77 is broken then it can come to even 70 levels
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 12:39 pm
Hi Nilesh,
Today TCI moved 20% up steadily. Will it raise again tomorrow or go back to 95 levels?
Thanks
Comment by Narayan — March 15, 2010 @ 9:55 pm
Hi Narayan,
It is running on the restructing news for which there is a board meeting on 17 March and now as the news is out and shares risen already it would be really important for the restructuring to be very positive for shares to rise above its recent highs made in past few months. So I would wait for it to stabilise and consolidate and understand the restructuring and how market perceives before taking new positions…But yes on falling markets, the stock is good near 85-95 levels to buy…
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 12:30 pm
Sir,
Ur take on essar oil for short term?
Rgds,
Sonia
Comment by Sonia — March 15, 2010 @ 9:43 pm
Hi Sonia,
The share has been in range only and yesterday fall could just make it rebound from those lower levels but there is no trend as of now… On upside you need to watch 143-145 levels to sustain for it to make some good moves… On lower side 127-130 level seems to be good range for it from where it bounces back again and again.. So right now its in middle place and chances are it could move up with market but there i no clear trend just ranging.
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 12:27 pm
Looks like blog is slowing down ? Only 54 queries .
Comment by Mhadev — March 15, 2010 @ 5:21 pm
Hi Mhadev,
From my end I am putting the same level of efforts and yes I do note that there are less people putting in queries or comments. I assume it has to do with one market is not doing much and also, people might be receiving my recommendations on email and do not have lot to ask.. Also, I have not marketed this blog and it has been running till this date through people asking other people to look at the blog. I would think people having their shares might have asked all their queries and unless new people come or old people exit their holdings and buying new shares.. So there could be these reasons and others… I am committed to the blog and would answering all the queries as it comes.
Nilesh
Comment by Nilesh Baldwa — March 15, 2010 @ 7:52 pm
Hello sir,
can u give a little insight on the following stocks,if one wants to enter in the stock at the current levels or should wait for more consolidation.on medium term to long term perspective how these stocks look like.
Amtek India-69
Sabero organics-76
Srei Infrastructure finance ltd-69
Heidelberg cementd-47
Tricom-15.50
Rakesh Jhunjhunwala bought one percent stake in Srei infrastructure finance,do how do we look at it??its a kind of trap to involve the reatail investors or company really has the potential to grow??
Thanks
Comment by Rajesh Nanda — March 14, 2010 @ 2:22 pm
Hi Rajesh,
Amtek India -> Above 75 it can give some good rise but for now I would think better off to get in around 60 levels or below for long term. but do watch out the quarterly results because the company is not very cheap…
Sabero Organics -> It should get support around 65-70 levels and you can look there but if goes and sustains below 60 then it is in downtrend
Srei Infrastructure Finance -> you can look to buy in 62-67 levels… Well this company was in news as probabibility of NBFC turning to Bank and I think management denied it.. So ofcourse i do not see buying into it just for news but at lower levels for long term this could be nice.
Heidelberg Cement -> Above 52 can give moves but I think you should look to buy it around 40 levels and 35 could be major support
Tricom -> Sorry no comments for this….
Nilesh
Comment by Nilesh Baldwa — March 16, 2010 @ 1:12 pm
Dear Sir,
Can i enter in Madras Cement nd Mcleod Russel 4 short term gains??
Rgds,
Sonia
Comment by Sonia — March 14, 2010 @ 1:51 pm
Hi Sonia,
Both Madras Cement and Mcleod russ look good as such… Madras cement can go to 138-140 levels…. As such it is always good to buy it when it comes to 100-105 levels as is a very good share at those levels…
Mcleod if can sustain over 250 then can go to even 280 levels but it should sustain that level.
Nilesh
Comment by Nilesh Baldwa — March 14, 2010 @ 10:15 pm
thnk u..
Sonia
Comment by Sonia — March 15, 2010 @ 11:54 am
Hi Nilesh,
What is your call on Chambal Fertilizers? It has corrected 29% from 52 week high. What is the best price to enter?
Thanks
Narayan
Comment by Narayan — March 14, 2010 @ 1:07 pm
Hi Narayan,
It is still correcting and would be a better bet at 48-50 levels as it can come to those levels if it breaks 55 levels… So see if it consolidates now and form a base or correct further.
Nilesh
Comment by Nilesh Baldwa — March 14, 2010 @ 10:04 pm
Hi Nilesh,
I am holding Aban offshore @1218. What are your views on this stock?Also, is it wise to buy Uttam Galva at current levels?
Thanks,
Rajeev
Comment by Rajeev — March 13, 2010 @ 8:50 pm
Hi Rajeev,
You can keep holding Aban with 1100 as stoploss and on upside if it can take out 1350-1380 levels then can move to 1500 also…. For now its in range only but is not a bad share to hold for now.
Nilesh
Comment by Nilesh Baldwa — March 14, 2010 @ 10:01 pm
Hello Nilesh, may you please throw some light on BF Utilities as to what exactly is happening i am totally lost, the share today was 14% down not sure why, i have purchased at 1390/- level and in heavy loss not could please let me know any near targets and if it should be held for some more time or should I sell it off,I am a bit worried on this, your reply will help.
warm regards,
Dhiraj
Comment by dhiraj mark — March 12, 2010 @ 12:29 am
Hi Dhiraj,
Please look at NSE announcements from BF Utilities, The ex date was today for scheme of arrangement, so you might see the closing like this. Read through it and your worries might ease.
Nilesh
Comment by Nilesh Baldwa — March 12, 2010 @ 1:12 am
rnrl bought at 69.35 …500shares…what shuld be strategy now
Comment by ca nirmesh rathi — March 11, 2010 @ 11:46 pm
Hi Nirmesh,
Better to exit when the price comes as the share is not doing anything.
Nilesh
Comment by Nilesh Baldwa — March 12, 2010 @ 1:18 am
Hi Nilesh,
I have made a good profit from your tips.
I have been following your blog for last 2 months now. I would like to share my profit with you as a part of your voluntary payment, do provide me with your account details.
Regards,
Atul
Comment by Atul — March 11, 2010 @ 10:56 pm
Hi Atul,
Its good to know you made good profit with my tips. I have sent you a separate email with account details.
Nilesh
Comment by Nilesh Baldwa — March 11, 2010 @ 10:58 pm
Hi Rajeev,
Do you have it ?? This share has long term support at 85-95 levels and always bounce from it so if you want to buy try to buy there… It has seriously undeperformed market and do not know if you want to be in this stock.. but over 115 it can go to 125… Any major trend change can be seen if it sustain 125 and consolidates or range in 125-145 range….
Nilesh
Hello sir i came across this post i wanted to knw that if u used fibonacci retracement for calculating supporting because i got the same support level by usnig fibonacci retracement and if not then please tel me how did u calcualte support level for that stock.
I am a MBA student and i am working on technical analysis if u can advise me ur comments would be highly valuable for me.
Thanks.
Comment by Rajesh Nanda — March 11, 2010 @ 12:21 am
Hi Rajesh,
No I did not use fibonacci retracement for this but simple historical chart and seeing the support, trendlines which provided these levels…
Nilesh
Comment by Nilesh Baldwa — March 11, 2010 @ 12:25 am
I am holding..
Bharti Airtel@290
punjlyod@180
should i hold or quit on short term perspective say if i can hold for 1-2 months.
Thanks in advance.
Comment by Rajesh Nanda — March 11, 2010 @ 12:03 am
Hi Rajesh,
For Bharti, keep 270 as stoploss and probably hold… Results could be trigger for some bounce or further fall.. Telecom as such is underperforming and with such stocks you never know as unless they change the trend, the rise could be temporary and fake….
Punjlloyd -> Been a favorite stock with lot of growth potential but results disappoint always.. so only good thing could be if it gives good results and show signs of real potential… So here you can hold with 170 as stoploss..
As both shares have been bought at lower levels, you can hold but do not expect any sharp movements which would make an upward trend.. book profits on higher levels and results could make a sentiment change
Nilesh
Comment by Nilesh Baldwa — March 11, 2010 @ 12:29 am
Hi Nilesh
Is it ok to invest in Wyeth at current levels?
Thanks
Vivek
Comment by Vivek — March 10, 2010 @ 6:12 pm
Hi Vivek,
Not sure your horizon but right now it seems to be in range and consolidating only.. but in case you want to then keep 680 as stoploss… on upside 780-790 is resistance and so its between this broad range.
Nilesh
Comment by Nilesh Baldwa — March 11, 2010 @ 12:21 am
Hi Nilesh..
I am holding Uflex from quite some time now @107… how long do you think will it take to cross this?
shud i stay invested?
thankx
Manoj
Comment by Manoj — March 10, 2010 @ 4:03 pm
Hi Manoj,
It is a real slow moving stock and looking at how it is behaving, I do not think it will reach 107 very quickly but you never know in 1 day how stock moves.. for now I am not very hopeful of much movement in the stock .. It has lot of levels in between to cross which has resistances.
Nilesh
Comment by Nilesh Baldwa — March 11, 2010 @ 12:18 am
Hi Nilesh, Today Crew Bros had a good run after a consolidation. Can we enter and JB chem also moving up slowly can you give your views on these stocks.
Comment by K.Ramanaiah — March 10, 2010 @ 3:27 pm
Hi Ramanaiah,
Crew Bos moved very well today but it can face good resistance around 90-95 levels which I do not think it would cross now and will fall from that level (if it goes there).. Anyways, I do not like the idea of getting on a share which moves like this because it might move further in momentum but if you get stuck at high levels then you can have to wait for long.. Let it stop and correct and consolidate then look to enter….
About JB Chem if it cross 69 levels and sustain then can go to 78-80 levels
Nilesh
Comment by Nilesh Baldwa — March 11, 2010 @ 12:17 am
Sir,
Your take on GujFuoro. Can we enter at current levels. Wht is its short term tgt. Also Mphasis at curr levels??
Comment by Sonia — March 10, 2010 @ 2:03 pm
Hi Sonia,
Regarding Gujfluoro -> It is right now in correction but can take support around 139 level and should bounce back but if 139 is broken then expect it to go 123 levels also.
Mphasis -> Watch out 639-640 levels and if this is broken you can expect it to go to even 550 levels but ofcourse if 635-640 is not broken then it can again bounce and try to go around 700 + levels
Nilesh
Comment by Nilesh Baldwa — March 11, 2010 @ 12:10 am
Good Morning Sir
Can you Pls give me the target for INEOS ABS
Seondly what about EIL, can we buy at CMP ?
Thanks in Advance
Comment by Satish — March 10, 2010 @ 10:05 am
Hi Satish,
I think Ineos ABS might have reached its short term or intermediate target already… I think it is 270 levels and unless it crosses that and closes above it, I think it would correct and consolidate at lower levels.
About Engineers India -> I would prefer to wait for it to correct and consolidate before entering… It was due to news it ran up so much earlier and should wait for it to consolidate.
Nilesh
Comment by Nilesh Baldwa — March 11, 2010 @ 12:03 am
hi nilesh,
pls give view on india bull finance at current level ie 106… i sold kernex on ur previous suggetion….
regards
rajeev verma
Comment by rajeev verma — March 9, 2010 @ 9:18 pm
Hi Rajeev,
Do you have it ?? This share has long term support at 85-95 levels and always bounce from it so if you want to buy try to buy there… It has seriously undeperformed market and do not know if you want to be in this stock.. but over 115 it can go to 125… Any major trend change can be seen if it sustain 125 and consolidates or range in 125-145 range….
Nilesh
Comment by Nilesh Baldwa — March 9, 2010 @ 10:25 pm
Hi Nilesh,
I have few shares in Ashok Leyland and i have been holding them for quite a long time now.
I want to know should i hold or should i exit now.
I bought them at Rs.55/-
Comment by Rashid — March 9, 2010 @ 7:21 pm
Hi Rashid,
Unfortunately you bough it at higher end of the range and stock can come to even 47-48 levels if 50 is broken… I do not know your horizon but I do not think this stock would give any multifold returns so you can look to exit this at your price or below it…. For stoploss , you can keep 47 levels.
Nilesh
Comment by Nilesh Baldwa — March 9, 2010 @ 8:48 pm
nilesh,
i have kernex 200@r200.do u think i should average at 100 levels.what about the fundamentals.its a loss making company but its in a business which io think will grow.
Comment by rahul singh — March 9, 2010 @ 3:26 pm
Hi Rahul,
Well I do not know for how long the potential of the company has been talked about.. But first thing to note is let the company get some big orders and execute it and show it in results and in balance sheet, then we can see whether is really worth the hold or not. About averaging, I believe to not average any stock unless a base is formed and the downfall is stabilised. It can go to 105 levels and then come to 90 levels if it falls below 105… and then to all time low..ofcourse the stock can bounce earlier itself because of oversold levels but then better to average only when sure not in hurry..
Nilesh
Comment by Nilesh Baldwa — March 9, 2010 @ 8:33 pm
hi nilesh,
i think ahmednagar for is a much better company than mahindra forg .do u think its a good stock to invest in.why did mahindra forg go down so much today.
Comment by rahul singh — March 9, 2010 @ 3:21 pm
Hi Rahul,
Yes but it has run up almost 100% in less than two months.. I would not like to get into such stock unless it has consolidated and buy in later…. About mahindra forging falling, well there was not anything great yesterday to run up also… Thats why I mentioned to you of booking profits as such falls on some news or no news are not always continuing for days.. and when news is out then they tend to correct also as people book profits and operators hand over stocks to people at high levels.
Nilesh
Comment by Nilesh Baldwa — March 9, 2010 @ 8:39 pm
Hi Nilesh,
What is your outlook on Jubilant Food Works in next couple of weeks.
Thanks – Viji
Comment by Viji — March 9, 2010 @ 1:57 pm
Hi Viji,
It has run up quite in last few days also and there has not been much trading in this stock for long as it recently listed… I would say you can look to book profits also if it stops moving or momentum dies down.. Technically as not much data is available cannot say much…
Nilesh
Comment by Nilesh Baldwa — March 9, 2010 @ 8:43 pm
hi nilesh
i am trapped in kernex 100share @120 what to do next lower circuit*
regards
rajeev verma
Comment by rajeev verma — March 8, 2010 @ 10:43 pm
Hi Rajeev,
Your buy price is 120 and share is at 114, why are you so worried, just exit the stock tomorrow if you are so worried. And take a lesson not to buy such shares on rumours or news related to rail budget and suffer later.
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 11:10 pm
what about mahindra forg should i exit or wait.
Comment by rahul singh — March 8, 2010 @ 6:32 pm
Hi Rahul,
The movement as you know has been strong and moved from 100 to 144 levels… If you are making good profit then should book out.. If it can close above 145 and sustain there then it has some resistance at 152 and then it can go to even 170 levels but I would suggest to book some profit here.. as such volatile stocks can come down also quickly.. today it was up on QIP news where reliance capital took 7% stake..
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 8:10 pm
hi nilesh,
can u give ur opionion on the following,
FIEM, AFL,GMBREW, LOTUSEYE, IOLN AND LOGIXMICRO.
i feel they should move sharply in the near term. thanks
Comment by al — March 8, 2010 @ 4:04 pm
Hi Al,
AFL -> It has always gone up from 45 levels and if it crosses 55 levels then again can go up to 70 levels….
GMBRew-> Again very volatile and sharp movement stock, if hold 75 levels and go past 82 levels then can target 90and then 100
IOLN -> Weak stock and if moves then can be because of oversold levels… I would not recommend this..
Logix Micro -> again a weak stock..
I would say one thing, why do you want to do in these stocks which are volatile and are weak at times.. if you get stuck at high level, you might repent it always.. so make sure to keep stoploss and do trading only at right levels..
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 8:23 pm
hi nilesh,
i’m usually picking them up at oversold levels for a 1-3 month timeframe.
with time will improve the quality of pickings
thanks
Comment by al — March 9, 2010 @ 11:12 am
Nilesh
Thanks for your analysis on helios. What is the target for TVS Srichakra Limited? I have 100 @ 234.
Thanks
Vivek
Comment by Vivek — March 8, 2010 @ 3:14 pm
Hi Vivek,
It is making good moves and todays high if can be cross i.e 258 then it can possibly go to 270 levels also. On downside 210 can be kept as stoploss…
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 8:04 pm
Can we buy Apollo Tyres and SRF at cmp?? (for short term gains)
Regards
Sonia
Comment by Sonia — March 8, 2010 @ 1:28 pm
Already replied to this query earlier.
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 7:59 pm
Can we buy Apollo Tyres and SRF at cmp??
Regards
Sonia
Comment by Sonia — March 8, 2010 @ 1:27 pm
Hi Sonia,
Regarding SRF, last qtr, street was not happy with result and it corrected and hope this qtr it does not disappoint street.. although i think the result were not that bad… The share is in range of 175-215 … It bounced from lower levels and would face resistance around 200 levels on crossing which it can again go to 215…. So there could be movement but probably on correction you can look to buy…
About Apollo Tyres -> It has run up so much and I am not anytime comfortable buying into such stocks as risk is lot high..and ofcourse with momentum such shares can go lot higher but its risky and difficult to predict as if it goes into consolidation it might take time before it moves.
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 7:59 pm
Thnk you.
Sonia
Comment by Sonia — March 9, 2010 @ 11:42 am
dear nilesh,
whats your take on amar remidies and its target can it reach 100 levels in 6months.secondly i want your take on nectar lifesciences.i think it is a multibagger .the results are excellent.target for 6 months.
Comment by rahul singh — March 8, 2010 @ 12:58 pm
Hi Rahul,
Amar remedies if can go past 65-70 levels and sustain then yes it can go to 90 levels or so… Ofcourse fundamentally company should give good results also.
About Nec Life, it was up on news and I would rather wait for it to show continued earnings potential.. The business is something which is not easy to understand as one event can make company go big or also affect potential results of the company. I am not sure if it would be a multibagger or not as the company stock price movement has been sharp and volatile on upside and downside.
nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 7:53 pm
Hi Nilesh
I am holding greenply since it was last recommended by you..It is still strong. What are your views on the stock?
Comment by Umesh — March 8, 2010 @ 11:53 am
Hi Umesh,
I know it has taken a long but is at same levels when market corrected and has not moved much. Its just it is still consolidating and I think the move would be quick and sharp whenever it happens… So for now keep a hold on it
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 7:26 pm
hello nilesh, how are you doing? hope all is well, could you pls thrown some light on the near term price range for jindal poly and tata chemical both are stuck up not sure why not moving at all.
warm regards
dhiraj mark
Comment by Dhiraj mark — March 8, 2010 @ 12:21 am
Hi Dhiraj,
Jindal Poly -> I do not think this will fall below 340-345 levels… and on upside it has to go above 375 levels and then can give a 8-10% move… But in range is nothing but consolidation.. Important thing to note is whether it breaks below the range or on the upside…
Tata Chemical -> Now it is making some move…but has to gove above 330 levels then can go to 350 and up…
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 7:43 pm
DEAR NILESH,
WHATS YOUR VIEW ON COMPACT DISC INDIA.ITS P/E IS 1.PLEASE EXPLAIN HOW DOES P/E INDICATE IF A STOCK IS FUNDAMENTALLY GOOD OR BAD.I THINK IT CAN DO GOOD IN FUTURE
Comment by rahul singh — March 7, 2010 @ 11:38 pm
Hi Rahul,
Compact disk india gave a correction and came to 50 levels which is good support area and has bounced back from there… Right now it has broken uptrend and unless goes past 60-65 levels, it would be in a range.. Above 65, 75 is possible and breakout above 75-80 levels would make it move a lot… About PE well it is just an indication how market things the company is going to perform and how much potential it has.. If you see every sector has an average PE and companies which are fundamentally better command a higher PE… A company with lower PE does not directly mean it is valuable stock.. There could be details about how the management is , if company business has clear visibility of profits, and will grow… So this all with other factors could impact and company gets a lower PE…
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 7:33 pm
HI NILESH,
YOUR VIEW ON NMDC FPO.ALSO GIVE VIEW ON NMDC AS A WHOLE AND ITS PRICE TARGETS IN 1YRS TIME.
Comment by rahul singh — March 7, 2010 @ 9:37 pm
Hi Rahul,
The stock if breaks 400 can even come down to 340-350 levels and then to 300 levels also .. The company is overvalued and run up because of divestment but with now other FPOs did not go well and how government prices it, it should be discount and that would bring more correction in the stock..
Nilesh
Comment by Nilesh Baldwa — March 7, 2010 @ 10:01 pm
THANKS AND GOODNIGHT.
Comment by rahul singh — March 7, 2010 @ 10:14 pm
Hi Nilesh:
I am holding following stocks for last couple of months.. what is your thought? Hold on to these or move to better potential:
1. McLeod Russel @ 230
2. Torrent Power @303
Regards
Comment by santanu1501 — March 7, 2010 @ 6:57 pm
Hi Santanu
McLeod Russel -> Hold it for now and see if it can cross back over 250 else keep 218 as stoploss and hold it for now.
Torrent Power -> As you have noticed it is just ranging and not doing anything great, so depending on your horizon you can exit or hold… On downside 270 can be kept as stoploss.
Nilesh
Comment by Nilesh Baldwa — March 7, 2010 @ 9:51 pm
whats your take on rain commodities.i have been tracking it for some time now .i think it can challenge its 52w/high255.i want do swing tade in it.should i.lastly i would like your advice on jindal cotex (300@rs99).i can hold for 2yrs.i want you to specify if i hold or sell it.i want to know the fundamentals.
Comment by rahul singh — March 7, 2010 @ 5:37 pm
Hi Rahul,
I do think Rain commodities can challenge its 52week high but if it does in just 1 go or with some break depends.. always good to do it with breaks 🙂 About Jindal cotex, if you see there is not many results available to go by and the last few qtrs has not been to say it is extraordinary… With the expansion, the potential is there to grow.. And frankly speaking 2 yrs is long time to hold.. I think if the share rises it does few days/weeks in long time and if we can capitalise on it it is good.. Probably you can look at it and see how company performs in coming qtrs and if it is going in right direction.. For now hold it..
Nilesh
Comment by Nilesh Baldwa — March 7, 2010 @ 9:40 pm
hi nilesh,
i would like your view on the following stocks.(1-2months)
1.mahindra forg 100@116.trgt 155.
2.amar remidies 200@62.trgt 75.
3.sintex 100@294.trgt 350.
i would also like to suggest me 3 stocks in which i can invest.
Comment by rahul singh — March 6, 2010 @ 1:41 pm
Hi Rahul,
Mahindra Forg -> I do not if 155 but yes 142 could be reached and over it yes over to 155… On downside 100 levels should be watched.
Amar Remedies -> Yes if it can sustain 65 levels then can go to 75
Sintex -> I doubt if it can go to 350 in just 1-2 months.. Probably be as 285 and only over it go to 320 levels
About 3 stocks for 1-2 months, difficult to just say so as with the market movement you shoudl just look to buy stocks on sharp correction which are good companies and doing good currently…
nilesh
Comment by Nilesh Baldwa — March 7, 2010 @ 2:26 pm
thanks for your reply.
Comment by rahul singh — March 7, 2010 @ 5:39 pm
Nilesh, please give your views on buying Themis Medicare. Current fundamentals appear to be good for long term (1-2 years). Rgds, Anil
Comment by Anil — March 5, 2010 @ 11:01 pm
Hi Anil,
Its such a low volume stock, so please think before entering into it… About the prospects, it seem to be giving positive profit but revenue and profit is not growing or clear direction… But on levels, it can go to 206 and above it also to 230-240 levels in short to medium term… On downside you can probably keep 160 as stoploss 1-2 yrs is long time to invest… but yes if next few qtrs can show clear direction on how company is performing then should be good, so you would need to monitor that closely. And all is well then it can ofcourse to its earlier highs also…
Nilesh
Comment by Nilesh Baldwa — March 7, 2010 @ 2:19 pm
Thanks Nilesh for your valuable advise. Rgds, Anil
Comment by Anil — March 7, 2010 @ 9:46 pm
Hi nilseh,
can u give price targets for manaksia, tips industries, dhan bank, arevat&d and ndtv.
thanks
Comment by al — March 5, 2010 @ 3:21 pm
Hi,
Manaksia -> Very volatile movement in this share as it rises and falls at same speed… right now it can go to 95 and then 100 levels on crossing 89 levels.
Tips -> It it can take out 55-56 levels then can go to 60
Dhan Bank-> On upside only if it can take out 150 and sustain, it can go to 160 … or it can come on downside to 133 levels also…
Areva T&D -> For now 300 could be on cards if can sustain over 282 levels… but crossing 300 can bring in some movement else it would be consolidating only in a range. On downside 260-265 seems to be support areas.
NDTV -> 120 seems to be good support and if it can show some upmovement then can attempt to go to 138 and then 150 also
Nilesh
Comment by Nilesh Baldwa — March 7, 2010 @ 2:13 pm
thanks nilesh
Comment by al — March 8, 2010 @ 11:04 am
Good Morning Nilesh
Can you give the entry price for Sesa Goa and FKONCO
Thanks
Comment by Satish — March 5, 2010 @ 11:08 am
Hi Satish,
For Sesa goa, it can even go to 480 levels before correcting but I would wait and let it come to 420 and if that broken around 400 levels before entering again. Ofcourse depend also on what is your outlook and time horizon.
Fkonco , you can look to enter in 110-115 levels also…
Nilesh
Comment by Nilesh Baldwa — March 7, 2010 @ 2:04 pm
Hi Nilesh
I have 600 shares with average price of 46. What will be the target in 6-8 months?
Thanks
Vivek
Comment by Vivek — March 5, 2010 @ 10:39 am
I have Helios & Matheson
Comment by Vivek — March 5, 2010 @ 10:44 am
hi Vivek,
You can probably hold it with rs 40 as stoploss, and the targets you can expect is if it can cross 50 then goes to 59 levels… Only above 60 it can go to 75 levels and that is what it can do in next 6-8 months. But the company fundamental performance has been stable but its not like that it has been giving extraordinary performance so with market being bullish it can go 75 levels and over it to 90 levels or so but else I do not expect it to outperform the market in big way.
Nilesh
Comment by Nilesh Baldwa — March 7, 2010 @ 1:59 pm
hi nilesh,
pls give view on msk project i have 500 share @122
regards
rajeev verma
Comment by rajeev verma — March 4, 2010 @ 11:19 pm
Hi Rajeev,
If it can cross 126 and sustain then can go to 135 and then momentum can take it to even 145-150 levels… But on downside, 105-110 levels if broken can make this share bearish in near term.. So if you are a trader, look to book profits on some rise and keep strict stoploss.
Nilesh
Comment by Nilesh Baldwa — March 4, 2010 @ 11:49 pm
Hi Nilesh, today renuga sugar announced record date (17-04-10).Board of Directors at its meeting held on March 04, 2010,has allotted 1,80,00,000 equity shares of face value Re. 1/- each at the issue price of Rs. 114.37 per share, including premium of Rs. 113.37 per share . Pls explain this. The price will shoot up or ? – Jagan , Dubai.
Comment by R.Jagadeesh — March 4, 2010 @ 10:19 pm
Hi Jagadeesh,
Events were known and allotting shares to board of directors is not something of a game changer. The shares have been alloted at a price of 114.37 i.e 113.37 premium because face value of share is Rs 10. This specific event to me does not warrant any rally or sell.. The share will move as it was to irrespective of this event.
nilesh
Comment by Nilesh Baldwa — March 4, 2010 @ 11:16 pm
Thank you very much Nilesh for your reply. – Jagan
Comment by R.Jagadeesh — March 5, 2010 @ 10:47 am
Hello Nilesh
What are the procedures to be followed before selecting a stock for intra day. Most of the time, i make mistake in selecting the stocks. I try to do Intra day(buy @day high), but it becomes Swing Call. What analysis can be done pre-market or during market hours. How to find F&O for a particular stock.
Comment by Geetha — March 4, 2010 @ 10:18 pm
Hi Geetha,
There is no set method. It typically requires emotion free trading to have better success percentage and when you do intraday trade, you see every movement of your gains changing or losses increasing which affects a human being – seeing the live money increase/decrease… If you can control emotions and be disciplined it can be very well done. ofcourse you would have losses but would you minimize it. Gaining intraday is difficult because you can never be sure of a share movement on a single day. But for intraday, you should do technical analysis as that could be the best guide for levels to trade with. During pre-market, look for end of day graphs, its price movements, support and resistance, any news or events expected on next day or on the trading day… During market hours, make sure to watch the stock and decide the stoploss and targets and trail your stoploss….
F&O list is available on nse site you can look out there…
Nilesh
Comment by Nilesh Baldwa — March 4, 2010 @ 11:14 pm
Hi Nilesh,
I have bought Plethico Pharmaceuticles around 2 years back @ Rs.454/-. Can you let me know the future prospects of this company. There is very limited info available on this company and the volumes in this script are very low.
Ramesh
Comment by Ramesh — March 4, 2010 @ 9:43 pm
Hi Ramesh,
You have been one patient investor. If now share can cross 400, then it can go to 420 and then your price levels… Ofcourse if it crosses that then can go to 500 but then if I had been at your place I would try to exit this stock if my buy price has come… probably you can look to keep stoploss of 350 or you want lower stoploss then 320 levels. The company performance has been OK… It has lot of shared pledged also which does not help much to its cause.. The share had such a fall in 2008 and it has really did well to come back to 400 levels so if you have more patience then for now stay in the stock with these stoplosses…
Nilesh
Comment by Nilesh Baldwa — March 4, 2010 @ 11:25 pm
Nilesh,
Thanks for your reply.
Regards,
Ramesh
Comment by Ramesh — March 5, 2010 @ 4:11 pm
dear sir ,i had taken SREIINT today of quantity 7200 at an average rate 75.25.please advice me how the stock reactwithin 3 to 4 days and when i should exit from it.i will be obliged for your timely adviced&comments.
Comment by bhagwat prasad tiwari — March 4, 2010 @ 4:26 pm
Hi ,
It moved on speculation and momentum and I should say you should not buy so big qty of this stock from trading perspective. Just for the range for next 3-4 days, lower side 70 levels and higher side 76 levels. On breaking 70 can come to 65 but on higher side if 76 is taken out can go to even 80 levels.
But frankly in next 3-4 days do not expect extreme movement.
Nilesh
Comment by Nilesh Baldwa — March 4, 2010 @ 8:19 pm
Hi Nilesh,
I am extremely sorry for updating my queries in general section. PFB my query for some of the stocks:
1. IDFC Or Reliance Capital.
2. Heidelberg cement Or Prism
Cement.
3. Adhunik Metalinks Or Rohit
Ferro.
4. Uco Bank Or Dena Bank
5. RIL Or Cairn.
6. Unitech Or Ansal Or Orbit
7. What shall i do with NHPC? It is
not moving at all.
8. Any thoughts on mercator lines?
9. Punj Or Marg Org Madhucon? I like all of them. Any thoughts on them from your perspective.
I know i have given a long list for your thoughts 🙂 🙂 .. hope u wont mind.
PS: All above stocks will be invested for 2-3 years horizon.
Regards,
Puneet Pareek
Comment by Puneet Pareek — March 4, 2010 @ 2:08 am
Hi Puneet,
My inputs:
1. IDFC Or Reliance Capital. – I guess IDFC but reliance capital if turns into a bank and the management does something good it can give good returns but then if you look at ADAG companies, all have underperformed and I do not like him anyhow as a company Chairman/CEO… Go for IDFC.
2. Heidelberg cement Or Prism Cement. – I would not invest in either of the Cement companies at current levels.
3. Adhunik Metalinks Or Rohit Ferro. – Adhunik Metaliks but if you see Rohit Ferro is at the lower end of the base, so could be a good buy also but Adhunik is outperforming.
4. Uco Bank Or Dena Bank – Dena Bank
5. RIL Or Cairn – Reliance as it is at lower levels right now.. Even Cairn could be good for 2-3 yrs.
6. Unitech Or Ansal Or Orbit – Neither.
7. What shall i do with NHPC? It is not moving at all. Exit and move on…
8. Any thoughts on mercator lines? Has support around 43 and 50 levels , should not break it.. On upside, 75 to 85 range is resistance and nto able to cross it . But if you have it keep it for now.
9. Punj Or Marg Org Madhucon? I like all of them. Any thoughts on them from your perspective. Punjlloyd has serious issue of performing because it has been riding on expectations for long but every qtr they disappoint. So do not like it for that simple reason but ofcourse if it can get its act together then this is good out of 3. 2ndly if have to chose then Madhucon but it also has some issues regarding corporate ethics…
I hope this is useful for you.
Nilesh
Comment by Nilesh Baldwa — March 4, 2010 @ 8:06 pm
Sir,
I want to subscribe your PMS service. Kindly guide me how to proceed, as your contact no / mail ID / PMS modalities are not in my knowledge.
Regards,
Rajeev
Mob : 09450925384
Comment by Rajeev Tripathi — March 3, 2010 @ 11:56 pm
Hi Rajeev, sent you email on the id mentioned in your comments
Nilesh
Comment by Nilesh Baldwa — March 4, 2010 @ 8:40 am
Hello Nilesh
Thanks for sharing your stock market experience. Need to learn from you. Its very difficult to do intra trade. I hold Praj Ind 200@110, can i buy some more shares for averaging (@cmp) or still downside left for this stock.
Comment by Geetha — March 3, 2010 @ 9:21 pm
Hi Geetha,
You can average around 80 levels (78-80) as if it goes below then 70 should not be broken but 78 itself is good support for this share. The stock can ofcourse go to 95 levels then and you can exit as it would be your average price.
Nilesh
Comment by Nilesh Baldwa — March 3, 2010 @ 10:29 pm
Hi,
I dont know if i am eligible to comment after nilesh’s, but i am tracking this counter from past 2 years and i made some money also in it from 80 to 120 levels. But if you see the pattern it is languishing from 80-110 from last 6 months and not breaking 110 decisively. If your are trading then its ok, but for long term investment switch to nagarjuna/punj/madhucon projects wherein you will definitely make money.
PS: No offence to anyone, just a laymen’s suggestion.
Regards,
Puneet Pareek
Comment by Puneet Pareek — March 4, 2010 @ 5:14 am
Hi Nilesh,
Would like to know your view on khandwala securties, birla shloka and aarti drugs for short term.
Comment by Anand — March 3, 2010 @ 2:13 pm
Hi Anand,
Khandwala securities -> broad range is 20-32 so you can look to play in this range. other than this stock does not look for longer price investment
Birla Shloka -> 45 levels is good price to enter while 60 or 65 levels good to exit as the stock has not moved past these range in some time. Unless a this range is broken trade in stock and exit at higher end while invest at lower end. If 65 is broken then yes can go to 75 levels also.
Aarti Drugs -> On upside has resistance t 95 and then 99 and 105 levels also… So cannot expect easy movement.. On downside if recent lows are broken it can even come to 80 levels also.
Nilesh
Comment by Nilesh Baldwa — March 3, 2010 @ 8:33 pm
Hi Nilesh,
Seems like aarti drugs still got fire power left in it. What do you think of todays move ?
Comment by Anand — March 4, 2010 @ 4:47 pm
It did well today but has not crossed the resistances so lets see if it follows up in coming days or not.
Nilesh
Comment by Nilesh Baldwa — March 4, 2010 @ 6:09 pm
Hi Nilesh,
Birla shloka did well today. What is your view can it take out 65 levels or should i exit..
Also please give one month view of genus power holding @ 155..
Comment by Anand — March 8, 2010 @ 6:17 pm
Hi Anand,
It made a good move today and I cannot say for certain if it does or not but see if it can take out… You have to watch it and wait for few more days and let is cross then we can be sure.. but as always this stock has been a volatile stock with sharp movements on both sides..
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 8:06 pm
About Genus power, lets see how this qtr result come out and whether impact of fire is receding or not.. Today it made a good move…If 180 can be take out then it can go to 200 levels again..
Nilesh
Comment by Nilesh Baldwa — March 8, 2010 @ 8:08 pm
Hi Nilesh,
What is your take on Dhampur Sugars and Shree Renuka at the current levels. Since they have dropped by 30% would it be a good move to invest
Comment by vamsi — March 3, 2010 @ 9:32 am
Hi Vamsi,
Both the stocks have been heavily sold and you can ofcourse expect bounce back from lower levels as they did today.
Dhampur Sugars -> It has some support around 89-90 levels but if this is broken I think it can even come to levels of 70-75. On the current bounce, it can even go to 105-110 levels where it should get resistance and fall again but if it goes past it then can go further up which is really difficult.
Renuka -> Unless it goes past 190-195 and show strength this is weak and on breaking 160 can come to 147 and then even 130 levels. Or it can consolidate here only.
As I mentioned oversold shares bouncing, you should not get caught in such rallies and let share first form a base and then look to enter if prospect improves.
Nilesh
Comment by Nilesh Baldwa — March 3, 2010 @ 8:27 pm
What is the NIFTY level you see now. What are the sectors might get benefit of POST budget? Thanks in Advance.
Palani.
Comment by Palani — March 2, 2010 @ 7:33 pm
Hi Palani,
I think you asked this question earlier and I replied as below:
Hi Palani,
I have always considered budget as an event for media to make people fool.. Budget is just presentation of accounts and what all expenditure and revenues are being projected for next month.. Ofcourse there are policy changes but they are debatable always and no one ever says everything is good for everyone… What works for India is just that we are demographically poised for growth and has momentum our way.. Always we want budget is that it should not be negative in the sense that stance it takes does not make too many things bad for our growth which I do not think budget has done.. Sentimental reactions would be over in few days and we would be back to long term story and tracking global markets. For Nifty, 4930 levels if sustained on closing basis, we can see 5200 levels also soon. on downside 4650 and then 4500 should not break else we would go in bearish zone. About sectors being bullish, i do not think budget as such just make anything that interesting.. Irrespective of Budget, banking sector would always be a good story in long term, Infra sector should be good… About education sector it always had huge potential but some of these stocks are very overvalued and any disappointment in results bring lot of correction.
About sectors, i do not think except sentiments nothing benefits but the sectors which have been favorite like banking, infra, education, health, auto, metal will do good.. Ofcourse in all these sectors, selective stock picking, you cannot expect all to do good.
Nilesh
Comment by Nilesh Baldwa — March 2, 2010 @ 7:45 pm
I hold 400 rolta ta 80.should i hold or exit .I can wait for i year
regards
Comment by saeed khan — March 2, 2010 @ 4:51 pm
Hi Saeed,
You can probably hold this stock and keep 145 as stoploss as you have long term horizon. If the stock can consolidate here and take out 210 on closing basis, can even go to 240-250 levels. There you should look to book partial profits and also ofcourse how is the share performing then and the whole market to take further decision.
Nilesh
Comment by Nilesh Baldwa — March 2, 2010 @ 6:18 pm
Hi Nilesh,
I have Tata Investment @ 482, and C and C constructions @ 256. Both the stocks are at loss right now; what are your predictions on these stocks? Should I exit with the loss or is there any hope for upward movement?
Comment by Indu — March 2, 2010 @ 7:05 am
Hi Indu,
C&C construction is Ok to hold, as I do think you buy price can come in this. on downside 220 should not be broken and on upside 260 would be difficult to break and till that it is in this broad range. But due to overall weak sentiment in realty sector this is underperforming so might take time.
About Tata Investment -> It has shown good move and if on downside 445 is sustained and on upside 490 is taken out it can shown 530-540 levels soon… And further move can come only once it has crossed 540-545 levels
Nilesh
Comment by Nilesh Baldwa — March 2, 2010 @ 6:33 pm
Thank You Nilesh for your valuable inputs!
Comment by Indu — March 5, 2010 @ 6:26 pm
Dear Nilesh
Do comment on Torrent Power. What is holding this share back. It seems as if it is being held below a certain price!! Do these things happen ….. Can these things be fixed??
Yogen
Comment by Yogen — March 1, 2010 @ 6:13 pm
Hi Yogen,
Well shares tend to move at their own time, and do consolidate or move in a range. Torrent power is right now in range and consolidating only. You should also note the share moved so much from lower levels so it cannot just keep going up. On downside 270 could be support if 285 is broken.While on upside its earlier highs of around 350 should be crossed for bigger moves else it would be staying in range only.
Nilesh
Comment by Nilesh Baldwa — March 1, 2010 @ 11:42 pm
Dear Nilesh
You use this term ” support price or x has support at ..” How do you get that figure. Throw some light on it. It would be interesting to learn how to arrive at the figure.
Thanks
Yogen
Comment by Yogen — March 1, 2010 @ 6:11 pm
Hi Yogen,
There could be different ways to arrive, by studying historical price movement and see from where stock has bounced or fallen to arrive at support or resistance. Also you have moving averages to look at based on short term or long term support. Then you have trendlines which can help to find support. Graphs have lot of things to provide if we can follow.
Nilesh
Comment by Nilesh Baldwa — March 1, 2010 @ 11:34 pm
Hello Nilesh Sir,
I have around 1 lakh rupees and would like to invest for long term around 2 – 5 years. Can you plase suggest few good stocks to invest.
I’m considering the below stocks to invest for the long term.
Fortis Healthcare
Pantaloon Retail
LIC Housing Finance
Bharti Airtel
Rolta India
OPTOCIRCUITS
HDIL
TCS
SUZLON
BARTRONIC
Shree Renuka Sugars
Your help is much appreciated.
I’m waiting for your valuable suggestions.
Comment by Siva — March 1, 2010 @ 1:32 pm
Hi Siva,
Thats really a very long time but I would suggest, you should book profit any time when you think returns are what you wanted and dont be pressed for the time horizon. You could probably look at below mentioned stocks…:
Banking Sector: ICICI Bank, SBI
Metals: Hindalco, Tata Steel
Auto: Tata Motors
IT: Tech Mahindra
Others: L&T, Bharti Shipyard, Aban, HPCL/BPCL/Indian Oil, GAIL
There are lot many other stocks also but I think for investment of 1lacs you can chose from this… I hope you do not have very high return expectations but reasonable expectations only.
Regards
Nilesh
Comment by Nilesh Baldwa — March 1, 2010 @ 3:43 pm