After a quick clean move in Colgate one may focus on another MNC which has given a good breakout in the short term and may head higher slowly and steadily.
Buy between 2050-2130. Stoploss 2000
Also some of the defensive picks recommended last week.
ITC has jumped from a low of 182 to 200 – Book profits fully
First Leasing from 88 to 74 and now to 93 – Book half
BOC India maintain hold and add on declines till 250
Continue to remain bullish on Godrej Inds and Smartlink Network for patient investors.
Regards,
Nooresh
June 30, 2011
hi nooresh,
i know u have said in th past that you do not track JMC Projects, being a regular follower of your blog I cant help but ask your opinion on the same I have a fairly large investment in it nearly 3500 shares @ RS 215 and its not given any movement in the last one year and i am worried i bought it on my brokers recommendation would you be so kind as to look at it.
sushil finance has been touting it for a while Im sure your readers will also benifit from you view
thanks
July 1, 2011
Hi Zulfikar,
You can look for a bounce to 165/185 to reduce part of the position and cover it back on dips.
No fundamental view on it but technically seems a short term bottom in place.
Regards,
Nooresh
July 1, 2011
Hi Nooresh,
Please advice me about DPTL (Dhunshree Plantations) i have bought 2000 @ 195/- what is prospect of this company.. Should i hold it or sell it for loss…. please reply..
Regards
Hemachandra
July 1, 2011
Hi Hemachandra,
I would suggest to hold on provided you have patience for next 1 year