iCharts Discussions

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi.....manju

manju bhai for ur comments.............
but u hv mentioned th fegure 5417-5392....is it spot or future??

thanks
anand

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Yes anand these are spot levels and todays low after i wrote is around 5418 so i guess this level should hold for the day...

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Titan did 3650 and still can do all the tgts mentioned earlier provided mkt dont crack further..

Tata Power - the power was swtiched off below 1285 levels and tgt was 1190 now the stock nearing the tgt so would suggest to book profits and wait now..

Rel capital the stock is bleeding from 570 levels and it ll continue to do so and stand on the stock continues to be put in do not buy list for some more time...

ITC 156 down from165 can see a fall of 5-7 rs more but now its not worth the risk..

ACC for the second time after the call intiated is not moving as per the tgts so would suggest to get out from the stock..

Tata motors another 20 rs downside left so would like to cover most of the shorts created in the counter

Jindal steel and power down at 640 would suggest to book partial profits in the stock and reuce the SL to 660 at cost...

Relaince is holding 900 levels as of now..

HUL 260 levels can be used to buy in the stock

Infy another fav stock of mine is nearing a good level to re enter dips to 2950 can be used to buy for investment..

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

manju bhai ,, booked acc fut at 961
thanks alot for your guidance.
but now its going more downnn... Wat to say !!!

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Ali look at Titan buy in cash.. can do 3700-3750 results were also good in the counter so most of the news is out and is safe to trade..

Regards
Manju

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi.........manju
one more things to know..............if nifty will not close below 5392..................can I buy nifty for tgt 5800 in 7-10 days??
though world mkt is not well...................pls guide me...............

thanks
anand

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

25 jan had mentioned about Tata motors below 1160 trouble and close below 1140 not even R tata can help this stock and the tgts are as deep as 1080 levels even morning also mentioned at 1101 that possible downside of 20 rs more... here it is now at 1081....

Refer the earlier charts posted

Regards
Manju

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi..........manju
untitech i purchased few days back @50 but now @43................wt i do wait or exit?...........pls guide me.........thanks

thanks
anand

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

suzy broke 48
call activated

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi..........manju
manju bhai u did not tell me about unitech, which i asked u............if poss. pls guide me...........bcoz ur guidence is too good

thanks
anand

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Sorry anand,

I was not on my system today being month beging need to plan my work for the month so busy with meetings..

Well i m bearing on the enitre real estate stocks and have been avoiding the sector for last 2 years.. the industry itself is going thruogh lot of pain norms on lending is becoming more and more stringent and high intrest rate cyclye is also not helping a bit and most of the times ppl only talk of land banks avilable but honestly what i ve seen personally the quality of construction have come down and expect many more scams to be out on the real estate stocks similar to Adarsha scam, theres little transperancy on the corporate governance side at least in other industry we can detrmine the input cost but how the real estate property is bought and sold is like building castles in air...

OK that was the fundamental story of the sector technically view on unitech.. free fall on the stock can continue till 40-37-35 well i dont want to speak about upsides cause it ll be worth less so if u can get a level to break even or near to it exit..

How ever there is a silver lining in the cloud.. as per core trading concept the stocks move in 3-5 candles in weekly chart and currently this is the 5 consicutive down tick on weekly chart( considering the current week).. so any thing beyond it if the down tick continues u can expect a sharp revarsals geading back to 40 period moving AVG..

Regards
Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

I would like to start with a quote " When every one starts selling thats the time to buy" and looks like that most analyst on the TV who come have started talking on the top of their lungs that we can fall, we need to sell, FII ll exit india and many more they feel the developed Economy ll fetch better returns than the EM's hey one question to those ppl " would u like to invest in a ecomony which is growing at 2-3% annually than a economy which is growing at dubble digits

"

So all i would say is investors need to get active now start buying stocks in smaller quantities for ur portfolios with next 1-2 years view i m pretty sure u ll make more money than what u get in ur bank deposits.. Do not buy 100% right now but invest in a staggered way say like buy 30-40% of the qty now and hold 60-70% cash and buy if declines further...

I might be sound funny or wrong to call the shot too early but sure 5-10% down side on each stocks which are of good quality and good biz model is worth the risk...

As far as traders are concerned there is still no indication which shows on needs to create long positions yet but how ever one can stop creating aggresive shorts as the the mkts are quite over sold and there is a big event comming up in this month end...

Nifty view for short trem 5400-5390 levels should act as good support on closing basis, intra day dips can come 30 points +/- give and take.. only if we close and trade below these levels can take the index to 5350-5220 levels 5500-5550 would act as a stiff resistance followed by 5600-5620 levels.. lets keep our fingers crossed and see what is in store...

Regards
Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Edu comp: looks like the stock is heading towards 450-445 levels and on can look to enter this stock for short term if u get the above levels with a SL of 3%

Union bank: stock is in a range of 307-337 and only break and close below 307 can cause trouble for the stock but strongly feel that this will hold..

LT : 1480-1500 is a good support for the stock

Inofosys: 2950-3000 would be a good re entry point in the stock..

SBIN : 2500-2450 would be a golden level to enter in case of a fall

HDFC bank: 1950-2000 is a strong support in the stock

Tata Steel: 600-590 is the support for the stock

Jindal steel and power : 610-600 level is entry point in the stock..

ESNMURTY · White Belt Joined: 31 Oct 2009 Posts: 380

Hi Manjuji,
IIFL(india infoline) looks promising. Could touch 82 (CMP78) and could further move up to 100 in the medium term if the markets are positive.Kindly express your views.

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi,

Looks like that the stock ll find resistance at 81-82 levels if it sustain that then possible tgts are 86-91 but really dont see the stock going beyond this level.. and markets being being positive in important in two ways first being the stock prices ll ve good momentum and second being the revenue source for the company is from the brokerage services so mkts are down the participation and revenue ll be down which is bad for company finanicals

Regards
Manju