chopra said:
Dear Amit,
Belated Happy Diwali to you and your family.
Please advise regarding Gateway Distripark.
GATDIS @200 CMP 250/-
What do you recommend, do I sell it or still hold.
And will it be advisable to buy Ispat Ind.
ISPIND CMP 14/-
Thanks for your advice.
Regards,
Ashish
Hi Ashish, A HAppy Diwali to you too!
Great entry on Gateway. If you are holding for mid term, this one should go places once the market is back on track. Has been raring to go during the recent carnage and always looked good. There is not enough data to project a probable target, and you could trail stop it for now. Normally a range of 4% to 7% is good enough under most circumstances. Here for 7% at cmp 245 would be 245 minus 7%=228, or 245 minus 4%=235. 7% is normally used for average volatile and liquid counters, and 4% for more staid and illiquid ones. If 228 appears too deep, you could go with 235 which would give the counter just about enough leeway to correct and consolidate on its way up. Anything more than that and you are out to preserve profits. However do keep an eye as this one has shot up on less than average volume, where increased volume is a sure confirmation of a trend.
On Ispat Joy has written some useful notes. Further, the steel sector has not been in favour for quite some time and has done nothing for the investors in the recent heady rally. There may be other more interesting ideas and would be happy to assist when you bring them up.
And thanks for all the Urdu Shaeri!
Regards.