hi frnds,
i have kinectic motor shares at avg 31 it will go up or shall i hold it for long term.....now which sector is gud to buy for long term that means atleast 6 month to 1 yr.....?
hi frnds,
i have kinectic motor shares at avg 31 it will go up or shall i hold it for long term.....now which sector is gud to buy for long term that means atleast 6 month to 1 yr.....?
I would say book some profits for now. Wait for it to fall close to Rs25 level and re enter. It has moved too much almost more than 40% up move and now stock is in distribution phase. Similar thing happened from 3rd September when stock was around 19 level and to 17th sept when stock went up to 33 only to come down to Rs 18 on 27th Nov. I would say exit for time being. Enter some other stock don't let your investment gain only a few percent when you can rotate it around.
hi frnds,
i have kinectic motor shares at avg 31 it will go up or shall i hold it for long term.....now which sector is gud to buy for long term that means atleast 6 month to 1 yr.....?
TVS you can hold unless you see a lower high than 79.8 and lower low than 74.25 in the same bar and closing in the middle of the current EOD bar. In other words unless you see a down bar. Use a stop loss if you are risk averse use stop loss as 74 and if you are risk loving use 69 as stop loss.
Save your money for now. In the current markets buy on dips. In the very short term the Nifty can go up to 5375-5450 by the end of current month but be rest assured after that there will be a dip probably on 26th when RBI has its meeting about liquidity and if the result is to increase CRR or IR then you can see a dip like we saw one in the Chinese market today. But if you want to invest now be very careful and invest in stocks that have taken some beating I would say check BHEL as it has corrected a lot and can move up to 2500+ but use a stop loss and a tight one in current market. You don't want to lose your money. The other one you can look at is Educomp Sol. The stock has corrected decently and can give you a solid up move use a stop loss of around 737 for this script.
There are some banking shares that show oversold indicators but I would be careful entering them as this sector depends completely on investors sentiments for now and once the Result is announced on 26th its gonna move up as the CRR hike or IR hike is already being discounted. Use around 5 different share atleast in 5 different sectors and avoid banking or interest sensitive sectors for now divide the capital in lot of 20,000 and dont invest everything at once. GMR Infra is another pick.