07-03-08 Chat script Mr Anil Manghnani.

moderator: Welcome to poweryourtrade.com chat. Mr Anil Manghnani will soon join us. Anil Manghnani: Good Afternoon ASLAM007: Sir, do you think that the Reliance industries will come down below Rs.2218 today? And what will be the lowest point which the Nifty touches today? Anil Manghnani: I am worried about the market right now. If it closes where it is now it will be for the first time since 2004 below the 50 week Moving Average. Anil Manghnani: That would suggest a bear phase which will not be good for any investor or trader. Anil Manghnani: The immediate support for reliance is at 2120 NandkumarGangan: Good Afternoon, What about banking sector, i am been stuck in bank of india march Futures at 349 Anil Manghnani: Although the sector charts were good prior to the budget I feel with the non clarification as to how the PSU Banks will be paid for the 60000 cr loan waiver has left a lot of confusion for bank stocks in the market. In addition the ICICI bank announcement of sub prime losses could not have come at a worse time. Stay away from this sector till some more clarity emerges sanjay_gurgaon: Sir, what`s your call for Unitech (@300) and Rel Energy (@1525), keeping in view six months time Anil Manghnani: Unitech will now fall further to 250 levels. Reliance pack avoid as when the market breaks important levels it is the strongest pack where major positions have been built that will fall first. innovasec: WHICH STOCK SHOULD I BUY THIS MOVEMENT FOR LONG TERM FOR 3 TO 5 YEARS Anil Manghnani: Wait as there can be a lot more pain left in the system Arkhade: Sir can i buy maruti at this level Anil Manghnani: Buy closer to 850-800 levels for trading kumar.amit: What is your take onthe markets. Anil Manghnani: Like I said we are risking entering a bear phase today and if that happens then levels do not mean much amol321: good afternoon sir,ur views on unitech. Anil Manghnani: Another sector which has huge positions built up that are now getting sold. So wait to buy closer to 250 AASHRITHREDDY: I HAVE REL 200 @ 1150 WHAT SHOULD I DO NOW? SHOULD I HOLD OR SELL ? Anil Manghnani: Sell I am worried about the whole ADAG pack ASHISbXA: SIR I`M HOLDING ASHOKLEYLAND FUTURE @37.85 WHT SHOULD ID O shekar2004: market going down is a signal of bear market plz tell me boldly and let me know the levels to confirm bear market ? Anil Manghnani: Sell Ashok leyland Anil Manghnani: Markets are already in a problem a close below 16577 and 4890 today will be a confirmation virgovim: Hi Anil, been invested arnd 2-3yrs...holding RCOM arnd 373, unitech at 141, shd I sell and re-enter later or just ride this out ? tufayl: Been buying GMR for 250 till now, my average is 190 now. should i average more, or should exit? tufayl: Been buying GMR for 250 till now, my average is 190 now. should i average more, or should exit? Anil Manghnani: I would sell even if you were holding for 2-3 years tufayl: Been buying GMR for 250 till now, my average is 190 now. should i average more, or should exit? Anil Manghnani: Strictly no averaging just look to reduce positions ashishkukreja: Whats your call on suzlon and nagarjuna fert? Anil Manghnani: Look at opportunities to reduce long positions aahuja.qa: Sir What do you have to say about Indiabulls Finance at this stage? Anil Manghnani: I feel finance companies and brokerage houses will be most hit going forward in the event of bear phase so be careful rampratap.yadav: Is jans intra-day low on nifty an strong support to go out and buy, wht are u`r charts signalling Anil Manghnani: They may hold and give a trading bounce initially but my gut feeling is in the event of a bear phase they will eventually break Prashanthbs: Sir , what is the long term view on RPL (for 1-to-2 years) , bought at Rs 140 Anil Manghnani: sell now to buy when market settles or bottoms out nnadkarni: How much of the current Market Activity is affected by FII`s Anil Manghnani: A major amount as they are selling every day. Also remember they are selling due to their own redemption pressure in the country they originate. So if people in the U.S. are feeling the pinch of recession and also with the sub prime problems there will be redemption pressures where the FII's have to sell Prashanthbs: sir is it right time to invest in mutual fund Anil Manghnani: No ALOKSUMAN: SIR, SHOULD I BUY RELIANCE PETROLIUM AND SALE 150 CALL TO EARN PREMIUM FOR THE MONTH OF MARCH Anil Manghnani: No arvind1376: Asian Electrincs@412 sould i hold it may recover holding time is not an issue or book losses And same is for Nocil@33 Anil Manghnani: If we do not recover today by the end this selling phase could take a while longer Anil Manghnani: There seems to be a general question for many stocks as to whether one should hold or sell. My feeling is that we have already broken a major uptrend which will get confirmed today on any close below 16577 & 4890. So after that holding stock as a whole is a major problem jayinusa: good afternoon sir , as u said if we go into bear market how much time it will take to come out of it , and if its bear market what will be the support for it. Anil Manghnani: There will be many trading supports but I doubt they will hold. The immediate supports are at 15700/15332/14700/14200/14100 Rajkumarb: sir.. can we go short on nifty... Anil Manghnani: From now onwards any rise would be a short if the bear phase is confirmed today prinkit: how is rnrl loking to u? Anil Manghnani: The last support is now at 110 below that it is a sell venkatesh_v: how is nifty futures level sir?? Anil Manghnani: Nifty spot at 4711 then 4448.5 sameer.ahuja81: ur view on chambal fert pls? Anil Manghnani: Weak broke down after the budget day jrajesh00: sir is rpl a good buy at 100 Anil Manghnani: Difficult to say now as I would like to see that chart if it fell all the way to 100 but yes it would be a support as it touched around those levels on JAN 22 baji.sahana: Is 4000 on Nifty a reality now? Anil Manghnani: Reality is a word I never use but yes possibilities are there. I think the key would be 4448.5 if that is broken which I think could happen then many supports will not hold ManjunathR: Sir, Is it right time to buy ADLAB ? Anil Manghnani: No avoid ADAG for now rampratap.yadav: u said ADAG group is weak on chart, does that mean that relcap can break 978-1000 support which was the low of august 2007. Anil Manghnani: I feel many of them could correct significantly with the news that SEBI is investigating their last year's major move subhashgunda: how about TCS?.. I am holding 540 shares @1040.. shall I hold? Anil Manghnani: IT is defensive so can hold I feel at most they could test their Jan lows and also if market corrects further rupee could weaken which is plus for IT rampratap.yadav: will august 2007 low on nifty be tested incase 4445 doesn`t hold??? if the 4445 support is broken how should one trade or invest in the market Anil Manghnani: Then you short on every rise mukeshwadhwani: SIR,CAN I GO SHORT ON NIFTY @ CURRENT LEVELS ? Anil Manghnani: yes but then be patient skmhu: What level SBI , RIL ,L Anil Manghnani: No long term buys as of now venkatesh_v: I have a 5 lots of Nifty March in long pos bought at 5250 level. so far i have adjusted m2m some how. what is ur sugeestion hold or sell Anil Manghnani: keep reducing longs sarmatvrk: what is your advice for small investors at the present status of markets? should we hold or book losses and get out of the market? Anil Manghnani: book losses mukeshwadhwani: SIR ,U R TOP STOCK PICKS @ NIFTY 4500 LEVELS ? Anil Manghnani: Need to wait and see individual chart patterns at that time but I would stick to defensive like pharma fmcg auto avoid recent momentum stocks hrishike103: Your views on IFCI,Nagarjuna ferti, RNRL and NeyLignite Please? Anil Manghnani: Avoid momentum stocks mukeshwadhwani: SIR, WHT SHUD BE STOP LOSS FOR NIFTY SHORT POSITION ? mukeshwadhwani: SIR, WHT SHUD BE STOP LOSS FOR NIFTY SHORT POSITION ? Anil Manghnani: the 50 week MA which will change every week currently at 4890 mukeshwadhwani: SIR, U R VIEW ON TTML @ 35.00 10000 SHARES ? Anil Manghnani: sell momentum stocks narendrasoni83: What about JP Associates ?? Anil Manghnani: avoid kalpitk1: should i sell rnrl? will i get it at lower level? kalpitk1: should i sell rnrl? will i get it at lower level? Anil Manghnani: stop loss at 110 vikas iocl: SIR.IAM FED UP WITH THIS MARKET.I HAVE INVESTED NEARLY 9LACS IN EQUITY.NOW I AM IN LOSS OF 2LACS.MY VIEW IS THAT I SHOULD NOT SELL ANY STOCK IN LOSS AS I AM LONG TERM INVESTOR. IS THIS MY VIEW IS RIGHT OR WRONG vikas iocl: SIR.IAM FED UP WITH THIS MARKET.I HAVE INVESTED NEARLY 9LACS IN EQUITY.NOW I AM IN LOSS OF 2LACS.MY VIEW IS THAT I SHOULD NOT SELL ANY STOCK IN LOSS AS I AM LONG TERM INVESTOR. IS THIS MY VIEW IS RIGHT OR WRONG vikas iocl: SIR.IAM FED UP WITH THIS MARKET.I HAVE INVESTED NEARLY 9LACS IN EQUITY.NOW I AM IN LOSS OF 2LACS.MY VIEW IS THAT I SHOULD NOT SELL ANY STOCK IN LOSS AS I AM LONG TERM INVESTOR. IS THIS MY VIEW IS RIGHT OR WRONG Anil Manghnani: We are not a value market but a growth market. In value markets we have long term investors. In growth markets it is all about speculative trading. Also if you are a long term investor then by definition you should not be looking at your portfolio value every day. My view is that you will see lower levels. Call is yours now naileshm: What to do with Reliance capital Anil Manghnani: sell jyotirmay1977: Sir whats ur view on BHEL? Anil Manghnani: sell dha78958: sir, what are your views on jp associates Anil Manghnani: avoid rampratap.yadav: i didn`t find SEBI investigation being done on ADAG group were was it reported or is it just market rumor Anil Manghnani: it is a headline on DNA money vikasawal: Should we start bottom fishing from now onwards in good quality mid cap stocks?? Anil Manghnani: strictly no let market find its bottom you do not try to do so gandhambhaskar: hi sir, pl adviceus the most attractive investment oppertunities you see right now, keeping 6 months to 1 year time frame gandhambhaskar: hi sir, pl adviceus the most attractive investment oppertunities you see right now, keeping 6 months to 1 year time frame Anil Manghnani: wait Fixed Deposits are good for the time being Anil Manghnani: Thank You Anil Manghnani: Have a nice weekend Anil Manghnani: Stay away from markets for now Anil Manghnani: No disclosures