Building Up A Portfolio At A 7000 Level

[supratik]

Narendra,

I do not look f/w to any correction at the current levels, but I see a lot of consolidation at the current levels - buyers not wanting to buy and sellers not wanting to sell - this is a period where people are afraid to take deliveries.

People would keenly watch the quarter results. I do not see a huge change in this context - results would be optimal and sensex could touch a 13000+ levels (as I feel).

Among the various counter, I would avoid Sugar and Steel. Aluminium I cannot guess. Electrical companies would be good pick. Infrastructure companies would be a mixed bag. A couple of Engineering companies may suddenly show spurt in volumes and result outcome.

My picks are Lakshmi Electricals, Amaraja Battery, Exide, IVRCL, Gammon and Jyoti Structures.

Reliance and Bharti Tele would be the sensex outperformers.
Suzlon would also be a good bet.

BTW - have you taken position in Kilburn Engineering?

Thanks and Regards
Supratik

 

[rvgandhi]

Among the various counter, I would avoid Sugar and Steel.

Any specific reason why you would avoid Sugar and Steel. The reason I am asking is I have a sizeable exposure to these sectors and your comments are making me revisit my portfolio.

TIA

 

[ssnkumar]

> BTW - have you taken position in Kilburn Engineering?
No, not yet. I don't know much about this company and you also didn't suggest with confidence. So, I didn't want to take risk.
So, do you really think this is good and entering Kilburn at current level will be a wise thing?

> Reliance and Bharti Tele would be the sensex outperformers.
> Suzlon would also be a good bet.
Among these, I have Reliance and Suzlon. I had Bharti Teli and I sold it just before the May 06 correction

> My picks are Lakshmi Electricals, Amaraja Battery, Exide, > IVRCL, Gammon and Jyoti Structures.
Among these, which is priority no. 1?
And you haven't mentioned Kilburn in this? So, you are not buying that?
Please tell me which is the best at the current levels and I will enter that.

> I do not look f/w to any correction at the current levels,
> but I see a lot of consolidation at the current levels -
> buyers not wanting to buy and sellers not wanting to sell
> - this is a period where people are afraid to take
> deliveries.
I have exited few profit making counters last week and waiting for next correction
If you are thinking that, market will not correct for now.....then I will have to find one or two good companies to enter.....!

Do you have anything good for short and medium term?

Thanks,
Narendra

 

[supratik]

rvgandhi - I would justify that with proper causes perhaps tomorrow, the outlook on Sugar and Steel.

Narendra - I still canot tell you with confidence to buy into Kilburn - this would be punter pick - although it looks very good on the charts.
Regarding fresh exposure I would suggest to wait a while and watch out for the quarter results.

Thanks and Regards
Supratik

 

[prasad_ashish]

Hi Supratik,
Can you pls give me your outlook on Era Construction and IVRCL in short term from current level.

Thanks
Ashish

 

[rvgandhi]

rvgandhi - I would justify that with proper causes perhaps tomorrow, the outlook on Sugar and Steel.

Thanks! Look fwd to your inputs

 

[kmahesh]

Please advise..I have the following stocks..what should I do ?

Stock Qty Avg. Price CMP

Sutlej Ind 50 381 103
KS Oil 50 237 154
PIL 70 346 177


Please advise..should I just seel & try & recover by investing in other stocks..any help appreciated..I've lost a lot here...

 

[supratik]

Mahesh -
As far as Sutlej is considered, I think that there is a stock split or some other share of Sutlej Textiles issued - please verify and let me know.
KS Oil - have not followed the script long
PIL - It can be a good counter for long term - I will not suggest to average out at CMP, as there would be other counters you could look f/w to right now.


Prasad - Era Construction is one counter that has a very high Order Book - I would suggest a definit hold on this counter - you could accumulate the counter above a 400-430 level. I cannot tell you the short term view. The same holds for IVRCL.

rvgandhi - I think I lost the documentation on Sugar and Steel - but I would keep you updated.

Narendra - I think we have missed a chance on Kilburn Engg.
Keep a track on KLG Systel

Thanks and Regards
Supratik

 

[ssnkumar]

Narendra - I think we have missed a chance on Kilburn Engg.
Keep a track on KLG Systel

Thanks and Regards
Supratik

Supratik,

I didn't take Kilburn, as you were also not sure about it.
And this "KLG Systel" is related to software/services.
I have already invested a high amount in software.
So, I don't want to try this one.
If you are very sure that, this will do good, we will jump to it.
And did you get this from a highly reliable source?

Is there any other such counter (other than software) which we can try.
I want to try the "short term" one only for time being.

Thanks,
Narendra

 

[ssnkumar]

Hello Supratik,

I am watching RPG Life Sciences.
I had bought it, at around Rs.105 and sold it last week at Rs.136.
After that it went upto 150 and has again come down to Rs.126.
Looks like it is a good counter where we can make some profit.

Can you also please study this and let me know, at what price we can re-enter this?

Thanks,
Narendra