Delivery Calls

[shan2611]

Hi Jai Sir,
I would like to know whether your views about Exide, given a few days back with a target of Rs. 350 /= is still valid, as this is stuck in the range 300-310.

Thanks
Shan

 

[Jai.Shewaramani]

Hi Jai Sir,
I would like to know whether your views about Exide, given a few days back with a target of Rs. 350 /= is still valid, as this is stuck in the range 300-310.

Thanks
Shan

Hi Shan,
Exide made a high of 323 and closed at 317. It has given a breakout, but lacks some steam. It seems to be heading for 350 eventually.
You can do one of the following:-

1) Book profits on half you holdings and for the other half trail your stops to your cost price or 294 (whichever is higher)

2) Hold on to all your holdings for a target of 350 with a stop loss of 294 or your cost price (whichever is higher)

3) Book profits on all

Jai Shewaramani

 

[shan2611]

Hai Jai,
I had acquired at Rs.302.As it has given a breakout today, I will go with your option 2 and will wait for the target, following your advise of strict stoploss.

Thanks.
Shan

 

[agupta]

Hey Jai,

What do you think about IGL (Indraprastha Gas Limited)?

Thanks

 

[Jai.Shewaramani]

Hey Jai,

What do you think about IGL (Indraprastha Gas Limited)?

Thanks

IGL is at major resistance. Above 125, it will see 135. And above 139.50 it will see 145/150

Jai Shewaramani

 

[Jai.Shewaramani]

Buy Bombay dyeing above 675, strict stop loss under 615, target 740/780.

AGRESSIVE PLAYERS can enter bombay dyeing at current levels i.e. 650, with strict stop loss under 615, target 740/780.

Jai Shewaramani

 

[Jai.Shewaramani]

Buy Mahendra Gesco above 750, stop loss under 685, target 900

AGRESSIVE PLAYERS buy Mahendra Gesco at current levels i.e. 720, stop loss under 685, target 900

Jai Shewaramani

 

[agupta]

Buy Bombay dyeing above 675, strict stop loss under 615, target 740/780.

AGRESSIVE PLAYERS can enter bombay dyeing at current levels i.e. 650, with strict stop loss under 615, target 740/780.

Jai Shewaramani

What would be the time frame for holding?

 

[Jai.Shewaramani]

What would be the time frame for holding?

Max to max 2-3 weeks. If the target is not achieved in that time frame, it is advisable to close the position (assuming that the stop loss hasn't been hit)

Also, once your position is above your cost by 3-5%, it's better that you trail your stops to your cost price. So in this case, even if your stop is hit, you have nothing to lose.

Jai Shewaramani

 

[agupta]

Any thoughts on Essar Oil? I think it has good trading potential in the coming days.