Sensex on lower side can go to 19500/19200 in near term and consolidate. Investors will get opportunity to re-enter stocks. Long Term Investors need not worry as this is a correction which can max go to 18500-18700 and the long term view remains for a target of 22500 over the next 1 year.
November 20, 2010
Hi Nooresh,
As I said earlier, I have started starred buying LOKESH Machins, Ballerpur, IDFC, Reliance. Do you suggest any other stock which is for Long Term Investment. What is your view abour Excel Corp Care ?
Thanks,
Nirmal Bhattacharya
November 21, 2010
Hi Nirmal,
Continue to accumulate the above slowy. i would suggest HUL to be in the list. Excel Crop shd wait for declines
November 20, 2010
Hi Nooresh,
Is there any panic being created sue to political issues going round?
I think in such cases supports, resistances, stop losses do not work.
Also, any stop loss for IDFC for medium term.
Regards,
Rajesh
November 21, 2010
Hi Rajesh,
Yes in such cases we see panic and stoplosses being hit. For the record we made quite a few losses this week.
IDFC got stopped out at 190 which was a 7% hit.
Looking for a fresh entry at 180-184 stoploss 175. I remain very bullish on the counter and may surge a fast cmeback with markets.
November 20, 2010
Hello Nooresh,
I am still holding nifty bought at 6153. Its december future. I have hedge that by selling few calls.
Will you please let me know your views on Airtel for next week?
I think its looking very strong.
November 21, 2010
Hi Imtiyaz,
We got a stoploss hit and a bad hit on friday. Index now has 2 options either it pauses at 19200-19350 or goes to 18500-18700 so its a difficult call to take.
Wait and watch is the view now and have suggested to cut 30-40% position as to reduce risk and re-enter on declines
November 21, 2010
HI NOORESH,
I HAVE 10K MLL @ 70 AND I WANT TO KNOW WHAT WILL BE THE BEST RATE TO AVERAGE THE STOCK AND WHAT IS THE FUTURE PROSPECT OF THE STOCK .I CAN HOLD FOR 3 MONTHS FROM NOW
November 22, 2010
Hi praveen,
Not tracking it closley
November 21, 2010
Hey Nooresh,
How is NCJ International looking from a 2 year perspective?
Cheerz
Gaurav
November 22, 2010
Hi Gaurav,
Not heard of that stock. Can u give the code
November 22, 2010
Here is the code –
NCJ International Ltd. 511714
Securities company now becoming a Real Estate company as well and coming up with projects in Greater Noida. I’m sure revenues will multiply.
November 22, 2010
Hi Nooresh
last high in jan 2008 at 6357.10 & now high at 6338.5 on 5/11/10 is there inverted head &shoulder going to form in future
November 22, 2010
Hi Nooresh,
As per your suggestion, I have invested in Ballarpur @ 40. It has reached 36.5 Should I buy more and avg the costs or it is time to sell it and book losses. I am ready to wait if this stock has medium to long term prospects. In similar situations are Lokesh machines and HUL. Can you give your opinion on these stocks?
November 22, 2010
Hi Mohan,
Add and remain invested for long term.
Lokesh Machines and HUL view remains positive but slow mover.