I can help you with stock chart reading

[vvonteru]

Sir,

at the current market conditions-which sectors are safest to bet on?

i want to enter hindalco

when should i enter and what do u think abt hindalco?

thnx,

t.r.

Hindalco is taking its time to go up. It belongs to Aluminium Industry from Metal Sector. It is lagging sector compared to better performing Industries below:

Current Leading Sectors
1. Cement (How did I miss this sector? Its been a while I scanned)
Stocks: ACC, Ambuja Cement East, Birla Corp, Decan Cement, Gujurat Ambuja Cement, India Cement, Mangalam Cement, Madras Cement, Mysore Cement, N C L Ind, Panyam Cement, Saur Cement, Sagar Cement, Shree Cement, Sri DigV Cement, Ultratech cement

2. Large Software
Stocks: Infosys, Wipro, Satyam, TCS, HCL Techno, Hexaware, I-Flex,

3. Oil (I think BSEOIL index is showing up only because of Reliance. No other stock in this sector looks good)
Stocks: Reliance, ONGC

4. Personal Care Products
Stocks: Colgate, Dabur, Godrej, Hindustan Lever, Marico, Proctor & Gamble India

5. Financial Services
Stocks: Fortis, Crisil

Coming Up
1. Power
Stock: KALPATPOWER, WEBEL, NTPC, CESC, TATA Power, Suzlon (I thought Suzlon was in Oil sector. I apologize. This is in Power sector. They make power using Wind Mills)

So, the best sector is Cement!!!, given the no. of stocks in that sector that are showing up. The (BSE) indexes are tricky. They can be confusing not knowing the composition and weights of stocks in the indexes. Unless lot of stocks are following the sector, we have to disregard the sector.

 

[vvonteru]

Thanks vv for the quick reply,

I am holding
1) essar oil@70 its cmp is 42
2) RPL@86 its cmp is 61 and
3) Escort@110.
I require your view about these stocks.

ahmed

essar
-- It has a support at 40 and another at 32. Its hard to say how much room you want to give. Given your buy point, define your objective in staying in the stock.

RPL
-- What is BSE Code

Escort
-- Doing good. It has a trading range between 65 and 75. On friday, it crossed above 75. Hopefully, it does not come back. Either way, don't keep the stock if it goes below 65.

 

[mahmeds2000]

essar
-- It has a support at 40 and another at 32. Its hard to say how much room you want to give. Given your buy point, define your objective in staying in the stock.

RPL
-- What is BSE Code

Escort
-- Doing good. It has a trading range between 65 and 75. On friday, it crossed above 75. Hopefully, it does not come back. Either way, don't keep the stock if it goes below 65.

thnaks vv,
1) i stay in essar because of a couple of good news about it below r the links

http://markets.moneycontrol.com/india/news/business/oilnaturalgascorporation/nomajordifferencesessarongc/market/stocks/article/213781

http://markets.moneycontrol.com/india/news/business/essaroil/essarsettocommissiongujaratrefinerybysept/market/stocks/article/207228

http://markets.moneycontrol.com/india/news/business/essaroilltdeolratnagiri/ratnagirioilfieldproductionby2006endessar/market/stocks/article/189721

2)RPL BSE code 532743

3) thanks

wrgrds
Ahmed

 

[kumar7]

Re: Dear VV

Zee is doing great. Lost an entry on Friday. If you want to enter, enter at 263 with a stop 220.

I know satyam pulled back again. Since you already have a position, avoid new position now. If the market continues to go up, U will find plethora of setups.

Thanks, next week should be interesting!

Kumar

 

[vvonteru]

thnaks vv,
1) i stay in essar because of a couple of good news about it below r the links

http://markets.moneycontrol.com/ind...erencesessarongc/market/stocks/article/213781

http://markets.moneycontrol.com/ind...atrefinerybysept/market/stocks/article/207228

http://markets.moneycontrol.com/ind...onby2006endessar/market/stocks/article/189721

News comes after the stock goes up or down. Think about it. Infosys came up with good results. The stocks gaps open higher then previous close. As a individual buyer, you look at the news and go buy. Then the stock tanks. So, avoid news. The chart tells you what is happening. If news coming is so good, why Essar Oil has not come up?

2)RPL BSE code 532743
Its a new stock. At this point, investigate whether this stock has fundamental value for you to hold. I think Supratik is the guy you want pose this question to.

3) thanks

wrgrds
Ahmed

--------------------------------------------------------------------


next week should be interesting!
--- Next week should define where we will be going in the coming months. U.S markets are oversold. They might be some up days coming. U.S markets are going down for 2006.

 

[rhk]

VV,

Are you recomending entry in Cement stocks and others mentioned by you.

 

[karandodani]

hello sir,

I have bought essaroil at 45....shall i hold it further

 

[GKHERA99]

please analyse bank of india for me

 

[GKHERA99]

i wil request urgent analysis in bank of india as intend trading in it tommorrow thanx

 

[vvonteru]

VV,

Are you recomending entry in Cement stocks and others mentioned by you.

Cement stocks really look good. Look at following for entry on Monday.

Gujarath Ambuja Cement
Mangalam Cement
SRI DIGV CEM S ORDINARY (iCharts does not consider recent split. I think they sincerely need good data. I am losing trust on the site. Are you hearing Swing Trader?)

Others, look if they are in pull back. I would wait for next week to see how the market reacts to Global Stock downfall. Sometimes, it may be good. Money may flow back from other markets to Indian markets. Lets see what happens.

Essar Oil @ 45
-- Put a stop at 35.

Bank of India
-- I suggest you stay away from banks. Please let me how you got signal to buy this stock. Recent downtrend support has be broken at 94 from June 9, 2006. This stock is going down for sure. No qualms!!!