17-03-08 Chatscript with Mr Ashwini Gujral.

moderator: Welcome to poweryourtrade.com chat. Mr Ashwani Gujral will soon join us. Ashwani Gujral: hi all anand agrawal: sir i have rcom fut @ 700 what should i do Ashwani Gujral: rcom is in a downtrend, supp 488, resis 570, mkt can go lower, u shud exit tnk_navvulu: where do the market heading towards?view on gmr infra and nag fert? Ashwani Gujral: gmr infra- supp 137, resis 190, nag fert- supp 33, resis 46 Ashwani Gujral: everyone shud exit long positions for the moment, otherwise more losses can be expected spatil07: good after noon sir :). I have 350 of JPAssociates @ 248 what should I do...what is itz short term target ? Ashwani Gujral: keep a stop of 190 mukeshwadhwani: sir, u r view on fed meet n gold prices..? Ashwani Gujral: gold is headed up, nifty is heading down Ashwani Gujral: well that is a supp, it may or may not hold, wait for clear indications of bottom b4 buying, otherwise this is a gud mkt to short rampalrajesh: Ashwaqni I feel you should give an overview rather than deal with individual scrips Ashwani Gujral: overview is clear, mkt has broken 4600 decisively, now next supp is 4200-4260, it may stop only at 3600, do not go long rite now, wait for it to turn, on the upside i wud be long now, only if 4750-4800 is crossed amritrajbansh: hello sir what are you recommendations on LAKSHMI MACHINE WRKS, LARSEN TUBRO, EDUCOMP, RAJEXP,RELCAP for a period of Six months. Ashwani Gujral: in 6 months nothin great is goin to happen, prepare for one to one and a half years of pain meenu23: Sir, ur views on financial sector shares, esp.EDELWEISS: holding future at 812????????? Ashwani Gujral: brokerages r trouble, pls exit immediately Ashwani Gujral: deccan aviation supp 119, resis 156, but this is downtrend as well GOLWALA: SIR WHAT ABOUT EDUCOMP ? Ashwani Gujral: educomp is a strong share but everythin will fall with the mkt, so keep that is mind, basically i am not too excited on the buy side mukeshwadhwani: SIR U R TOP PICKS @ 4200 NIFTY LEVELS Ashwani Gujral: no long trading in nifty even at 4200, b4 the mkt shows that it is turning, pls, do not be too eager to buy, wait for stocks to bottom out, i will tell here when i think the bottom has come Ashwani Gujral: that shud be all, tc all