Doubt Relief !!

[karthikmarar]

Hi Raj

You are very right about averaging.. If I remember right you had avaraged two time on Hindustan Motors.

Still searching or knowledge on this forum !!! It is like standing on the river banks and still searching for water. There is so much to be learned from this forum. How nice it would be if we can transfer knowledge at the click of a button like the file transfer in yahoo messenger. Unfortunately it is not so.
With little effort you can easily learn the art of trading. Like traderji advised reading will help a lot. Just chart out a program for learning..to learn the three "M"s of trading, Mind, Method - TA or FA, and Money management
A little hardwork and the attitude is all that is required (easily said than done ..eh.. )
Learn and be free...all the best

regards

Karthik

 

[karthikmarar]

Karthik..

Thankyou very much for your time on my query. I really appreciate this detailed and elaborate opinion on Marico.It will help me.

Also, your comments on Construction and Manufacturing sector are valuable and I would appreciate if you could name a few good companies in these categories whose share could be picked up for a long term (1yr+) investment

Thanks & best regards

Harmads

Will do during the week end.

regards

Karthik

 

[karthikmarar]

Dear karthik


I would like to enter sugar stocks. Please post your views about this industry and some good performing companies. Now most of the sugar stocks are under correction. Good time enter or not? Please advise.


Regards


Anil

Dear Anil

The market seems to be in a indeceive mood now. The Mid and Small caps seems to have already gone into a correction. Better to wait and watch. Anyway I will give my views on the sugar sector during the weekend.

regards

karthik

 

[karthikmarar]

As discussed in chat room yesterday i have send Gujarat Alkali report by Karvy to your yahoo id.

Thanks Tiger

The target isa yearly target based on fundamentals. Yes, maybe after a year it will touch 162. But now technically it looks very weak. Better to keep away now. We can always catch it later. Right the money can be put in a better counter

regards

Karthik

 

[karthikmarar]

Re: Can pls help me

Karthik
I have brought Ankur durgs@172 by E Mathews reccom in power Trade and Narmada Chem@44, Lippi Systes@17, and Premier Auto@54 but all in very heavy loss right now what I have to do. I must book loss or hold or avarage it. give me a openion pls. And also if u can advice me some good stocks it will be helpful

Thanks
Abheesh A Azeez

Dear Abheesh indecisive

The portfolio is in a real mess, isnt it ? Especially after the real beating the small caps got in the last few sessions. Even when the Sensex was going up it was only the A group stock which were moving up and the wider market was getting hammered. Yesterday the small cap index was down by 166 points. Looks like when every eye is turned to the elusive 10K the midcaps and smallcaps have started quietly correcting in the shadows.

Normally I track the NSE stocks only. Some of the stocks mentioned by you are only in BSE. I have done my best to study them and give my opinion. All are in precarious positions. Given the market conditions, esp the madcap and small cap scene you should watch out carefully and exit wherever required. Averaging a losing position is not a good idea at all.

Abheesh, Why depend on others TIPS when you can easily learn the art of trading. Do seriously work on this

Narmada chemicals

It did look positive two weeks back with positive momentum. Technically the uptrend will get violated if this falls below the last pivot low, in other word if this falls below 33 then we are in trouble. There is good support in the 33 33.5 region. The CMP is 34.5. Hence dont book loss in a hurry. Give it a chance. Below 33 (maximum 32.5) better to exit.

I am not recommending anything now. Time to stand aside and watch. Meanwhile clean up your portfolio , ready to start afresh.

Ankur drugs

This one touched the lifetime high in Jan this year. Currently moving side ways. Yesterday it opened high at 172 and close at 157.45. Dropping below 155 would indicate bearishness. If you want to give some leeway then put your stop loss a few points down, say at 153 and exit it this is taken..


Lippi Systems

This looks bad on the chart. Now at the long term support around 7.5 below 7 this would seek the level around 5. I have not looked at the fundamentals. But technically I dont see much hope for this. May be better to exit and put the money elsewhere.


Premier Auto

I am a little confused on this. Are we talking about premier limited here? If so then this one too looks bad on the chart. This had dropped from a high of 62 in September to a low of 30 in December. Then moved up a little and currently bearish. CMP 31.85. This has some support around 30. Below this it would be 25. Hold for the time being any exit on rallies if any. It would be prudent to exit if this drop below 30. I dont see good time coming in for this stock in the near future.

Hope this helps. All the best

Regards

karthik

 

[xtiger]

Thanks Tiger

The target isa yearly target based on fundamentals. Yes, maybe after a year it will touch 162. But now technically it looks very weak. Better to keep away now. We can always catch it later. Right the money can be put in a better counter

regards

Karthik

Thanks Karthik. Got your point and wait for your nice reco.

 

[pkjha30]

Re: Can pls help me

Karthik
I have brought Ankur durgs@172 by E Mathews reccom ...............I must book loss or hold or avarage it. give me a openion pls. And also if u can advice me some good stocks it will be helpful

Thanks
Abheesh A Azeez

Hi

Just to point it out, SEBI has barred E Mathew from recommending any scripts. It seems that fellow was recommending buy on several scripts while selling those scripts himself. It appear you are victim of his recom.Even in this forum members are giving advise. Judge them by the analysis and performance including technicals and fundamentals of the scripts. At least I think you can follow saint, amitbe,kathik and you will recover your loss. Their performance is examplary and knowledge has depth.

regards
Pankaj

 

[moneylaundrer]

Re: Can pls help me

Hi

Just to point it out, SEBI has barred E Mathew from recommending any scripts. It seems that fellow was recommending buy on several scripts while selling those scripts himself. .
regards
Pankaj

HI pankaj
Just checked out the sebi directive...here is a portion of the directive

"As a part of ongoing analysis, the recommendations given by Mathew Easow, who is the Chairman of Mathew Easow Research Securities Limited, was examined by SEBI. The recommendations given by Mr. Mathew Easow, when compared with the trading pattern of his associate companies i.e. Mathew Easow Research Securities Limited and Mathew Easow Fiscal Services Limited clearly indicate that Mathew Easow took an opposite trading position in the scrips of Kalpana Industries Ltd, CESC Ltd, Ahlcon Parenterals India Ltd and Albert David Ltd. to what he recommended to the investors at large and he also started selling the stock after giving an opposite advice to the market.



This indicates an obvious attempt to mislead the investors through investment recommendations, in a striking posture of ambivalence coupled with interest. It was apparent that Mathew Easow was purveying information to the public which he himself did not appear to believe to be true to make unfair gain for himself at the cost of lay investors."

Just goes to show how important it is to do homework and be careful before taking calls from analysts..

Keep trading
ML

 

[joy_verma]

I dont know E Mathew is banned by Sebi or not ? but he had reccomended
PNB & grasim for todays intraday trade and kopran as investment scrip on
his website .

http://www.matheweasow.com/techupdate/index.shtml

 

[karthikmarar]

As discussed in chat room yesterday i have send Gujarat Alkali report by Karvy to your yahoo id.

Xtiger

You must have been watching the Gujarat Alkali's stock performance. yeterat went up 13 and today up 10 point as of now.

Technically the stock looked very weak. Karvy comes up with a target of 162.. the stock shoots up....mmmmm...another case of manipulation..??

regards