Doubt Relief !!

[bharatk8]

Hi Karthik Uncle

I am expecting that u r starting a new post on Trix.
Waiting for the new thread.
Please start fast.

Raj

hi.....thread on trix????sounds interesting.....iam eagerly waiting for it

 

[bharatk8]

Hi friends

I have gained a lot from this forum. I have always admired those in this forum who helped others with their knowledge and selfless effort. Amit , Saint, Ravi T, cremee , Supratick, wastej are very examples of this selfless service. Other like satya, Joy contribute by providing their software innovations with others in the forum. There is swing trader who runs the excellent charting site for the benefit of all. Other like naultilus and sh50 share their excellent knowledge with us. There are so many others posting links to books, article etc. Other like Karuna and Jaideep help us take a moment off the monotony of trading and relax. The List can go on and on. All are doing excellent job.

I also wished to do my part. It would only be apt to use the knowledge gained in this forum to give back something. Of late with Ravi T and Cremee out of action the load on Amit and Saint has increased tremendously. I felt that this is an area I could make some effective contribution. So when Amit suggested starting a thread to help the member with their queries I readily acceptance the idea. So I am staring this thread in order to answer your queries on stocks. I sincerely hope that this would help everyone with the usual dilemma of to Buy or nor to Buy, to Hold or not to Hold, to Sell or not to Sell.

Warm Regards

Karthik

hi....i am glad to read ur post....... best luck

 

[chachi]

Hi Karthik,

I am going through this thread and appreciate your effort to help others.

Come Monday I am into my first trading. I am looking at HDFC Bank last few days. Its last traded price was 711.45 is it a good buy on monday? can u give some thoughts over this?

Thanks

Chachi

 

[VICKY_SEEKINGINR]

Dear Vicky

Good to hear the news. Now the tension isover, you can concentrate on making more money ..

regards

karthik

YES MY FRIEND

THANKS
VICKY

 

[karthikmarar]

Hi Karthik,

I am going through this thread and appreciate your effort to help others.

Come Monday I am into my first trading. I am looking at HDFC Bank last few days. Its last traded price was 711.45 is it a good buy on monday? can u give some thoughts over this?

Thanks

Chachi

Hi Chachi

Aprreciate your kind words. HDFC Bank is currently in bearish phase. It has dropped from a high of 770 on Feb 7 to the current 711. It has broken a support at 720. It should find a strong support around 705. Also the stock has been moving side ways for the last few months and has been range bound between 710 and 770. The stock is currently is in the oversold region. The weekly chart is also showing some bearisgness. Obviously it is not the right time to enter is stock especially your first trade. The first trade is a tough and special one, full of enthusiam, apprehensions, excitment. A bad first trade would always create lot of unpleastness. So HDC BAnk now is te right pick.

All the very best for your First trade and a long profitable trading time.

regards

karthik

 

[karthikmarar]

Dear Raj

There is no plan for starting a new thread on Trix... (Bharat also please take note)

I had told you to go through my earlier Thread on Trix to learn about Trix. Following is the link

http://www.traderji.com/technical-analysis/4046-trix-tricks.html

See.. that is why I always keep telling you concentrate in the chat room...instead of fighting wth other members...

Ofcourse there is an idea to start a thread on Trading systems where all members can discuss their experiments and experiences with trading system.
Of course that would take some time as considering the importance of the topic lot of ground work has to be done.

regards

 

[karthikmarar]

Hi harmads

Sorry for the long delay in replying your query about long term investments in Construction and manufacturing sectors. Nowadays work pressure does not allow me much time for the forum and trading. Anyway it is not too late. The market is rather delicately poised now with bearish divergence in RSI in the nifty weekly and the long persisting divergence in the Trix on daily chart. Of course we have been talking about the possible correction for long. But the Nifty and Sensex have been defying all our prediction. But in spite of the nifty scaling newer heights the overall market has corrected much. A look at the madcap charts would make it very clear, as most have corrected 10- 15% of their high prices. A correction of 400-500 points looks quite imminent sooner or later. This would give us the opportunity to pick of strong fundamental stocks of the construction and manufacturing sectors at much better prices.

Let us look at the construction sector first. Construction stocks have had a strong run over the last year. Construction stocks like IVRCL, Gammon India, Nagarjuna Construction, Simplex, etc. have seen big growth amid bright prospects for the industry. However considering future prospectus and current order backlogs these stocks would see further growth in the coming years. Though we all know the main reasons for the future prospectus for this sector I will still list them briefly.

• Government has committed huge investment for refurbishing the countrys tardy infrastructure
• The Government's thrust on infrastructure (both urban and rural), coupled with low borrowing costs and a rapidly expanding economy has put the construction stocks in focus.
• The Indian economy has moved into a higher growth trajectory.
• Significant Government spending is taking place in the surface transport (roads, bridges) and power (nuclear, hydel and thermal) sub-sectors.
• Major states with technical assistance from the World Bank have also undertaken revamping of their roads. The objective is to replicate the success of the Golden Quadrilateral project at the state level.
• Most construction companies have seen their order book swell substantially
• The announcement of 100 per cent foreign direct investment in construction and realty is likely to facilitate increased investment flows.

Let us look at the top and the strongest ones in the construction sector. Of course the Big daddy of them all is the Larsen & Toubro with its 20,000 Cr. order backlogs. The second line ones are the Gammon, IVRCL, Nagarjuna Simplex and Hindustan Construction. Of these we will concentrate on the Hindustan construction and Hindustan Construction first as these are still very much affordable to the common investor and has got good growth potential. Then we will look into IVRCL and Gammon.

In order to keep the post short and readable our study will be spilt into many posts. First we will take up Nagarjuna constructions. I myself had made good profits on this one. Now I am looking at the right re-entry on this one
To be continued in the next post

regards

 

[chachi]

Dear Karthik

So nice of you. Thanks a lot for your nice suggestion.

Regards

Chachi

 

[hvram]

Hi
I had some shares in KEC International. From what I understand KEC International became KEC Infrastructures and what was KEC Infra Structure became KEC Itnernational.

As a consequence the share price of the erstwhile KEC International dropped from ~300 to 30. The new entitry of KEC International has not been listed in the market. But will be at a future date and all members will receive a 1:1 share

Is this not the same as defrauding investors ? (since there is no firm date fixed .)

 

[VICKY_SEEKINGINR]

yes My Friend

Thanks
Vicky

Company Is Very Expert.. Share Price Is Down...