ask dev

[Dev Mookerji]

HI Devji,

I bough DCB @ 43.7 (including commission). What's the outlook for this stock? It doesn't seem to be moving up. I'm willing to wait for months if need be, but I don't want to just see it going down, i'd rather square my losses and invest elsewhere

I think u have bought it last week only. Dont be impatient .

current price is 39.75. By Few trading session some movement is expected. 44 is the resistence area, two closing above this area it will zoom to 50.

Hold it with SL 37 (By closing), instead of invest elsewhere as this is not the best time to invest with, we have already left that room few months back. For investment wait for some healthy correction.

 

[Dev Mookerji]

Hi Dev,

Would you please provide me the best(strong) stocks(3 to 4 stocks) that comes under the following sectors. I would like to make a note of those stocks and compare it with nifty for educational purpose.

Sectors are:
Auto
Bank
Fmcg
IT
Metal
Oil and Gas
Realty
Power

Some of the best picks are trading at lifetime/yearly high. At this point wont be able to tell anything. Any moment some healthy correction or sector rotation can be seen.

It wont be prrudent to tell anything at this point of view. Shall be able to tell by Oct end.

 

[rmohan80]

Dev,

What is the outlook for Aksh Optifibre? I bought it at around 25.1 and my S/L was 23.65 which it has already hit. But since market is on a downward trend, should I continue holding it or exit?

 

[T-Bone]

Hey dev,
Its good that you help people out. I know it must take alot of your time during the days. Its highly appreciated, considering you are a banker by profession...

I have a simple doubt. I have been researching TA for some time now. I am planning to take the plunge tomorrow. What is your take on Airtel? Do you think it has to go up looking at the charts?

What do you think about the November 26 Call of 340. Am sort of deciding on it, just need second opinion.

Regards and wishes for your good work.

Cheers mate.:thumb:

 

[Dev Mookerji]

But since market is on a downward trend

Pardon me, but market is in uptrend.

What is the outlook for Aksh Optifibre?

Stock is overbought. Correction upto 21 is inevitable.

I bought it at around 25.1 and my S/L was 23.65 which it has already hit. should I continue holding it or exit?

Once stop loss is hit, its wise to exit.

 

[Dev Mookerji]

I am planning to take the plunge tomorrow. What is your take on Airtel? Do you think it has to go up looking at the charts?

What do you think about the November 26 Call of 340. Am sort of deciding on it, just need second opinion.

Go ahead.

Keep a SL of 330 and Go ahead. Stock is in downtrend but highly oversold. Bounce upto 360/65 is not ruled out.

 

[Saav]

Dev , whats your take on Austral...

Is this the right time to buy it??

Austral Coke & Projects

 

[Dev Mookerji]

Dev , whats your take on Austral...

Is this the right time to buy it??

Austral Coke & Projects

Aaaah, its a penny stock. Very difficult to analyse penny stocks


Stock corrected from the high of 57 to 17.

some bounce can be seen from oversold reason.

I would love to avoid such stocks for short to mid term trading.

 

[bengup]

can u plz tell me about bannari amman spinning...?

 

[Dev Mookerji]

can u plz tell me about bannari amman spinning...?

A low volume stock. Some day trading volume is 268 or 350. Most of the broker doesn't permit trading in such stocks.

Avoid it .