14-03-08 Chatscript with Mr Anil Manghnani.

moderator: Welcome to poweryourtrade.com chat. Mr Anil Manghnani will soon join us. Anil Manghnani: Good Afternoon rohitgnaik: what abt Gujarat NRE Coke..is it likely to move past 160 today Anil Manghnani: Strong stock and has shown good upside in a weak market. However, if the market falls any more this will also fall so I am more comfortable buying the fall from now onwards. Trader stop at 146. Buying levels are at 137/126. Upper targets at 159/167 vvshendre2003: Hello sir i bought 100 Tata tea@850 Anil Manghnani: Trader stop for tata tea at 770. Position player stop at 700. Upper targets at 815/842 vickygaurav_200: Sir I Hv 700 ispat at 41 ..ur views on it Anil Manghnani: Ispat can hold for now stop at 28 upper sell levels at 36/40 cheers40k: Sir in this bear phase u said every rise shud b seen as an opportunity to short, what shud be d stop loss for shorts Anil Manghnani: It has become a very short term trading market. Yes I believe we are in a bear phase and will be so until Sensex can cross 16600-16800. For now the short selling levels are at 4747 - 4851 san.bajaj: What is your views on market from 6 months perspective Anil Manghnani: Slowly charts are getting weaker and weaker. I feel we are clearly headed lower unless we can cross 16600 to 16800 and 5000-5100 which I will be pleasantly surprised if we do so. In the meantine a close below 4620 will take us to 4422-4280 in the near term bhattadshyam: what about thomas cook. hold or sell Anil Manghnani: hold give in buy back at 107 in MAY tanujkatyal: sir i have infosys@ 1383 Anil Manghnani: Infosys should retest lows of 1250. Bharti is weak nidhi_s76: what are your views on rnrl sir Anil Manghnani: too speculative I feel in the event of further correction ADAG will get affected badly. Support at 79. sharmasomil: sir are we in bear phase Anil Manghnani: My definition on bear phase is lower top and bottoms which we are doing. Also for me any break below 50 week MA is a bear phase so we will remain in bear phase till we cross above the 50 week MA which is currently at 16600-16800 kthukral: Sir, shud today`s upmove be considered an opportunity to exit? Anil Manghnani: In a bear phase every pull back will be sold in to. mrsachindixit: are sugar stock strong in current scenario ? Anil Manghnani: For trading one of the better sectors. So buy when they fall to sell the bounce bhattadshyam: good afternoon. Is market is realy in bear phase? If so what are the levels to watch. Anil Manghnani: I do believe we are in one. Any close below 4620 then 4422-4280. Sensex below 15332 then 14720-14096 sajan1967: What is your opinion about the market, to stay invested or stay away for a while? Anil Manghnani: Stay away till it settles down. I do not see it running away rajarjun: any nifty support Anil Manghnani: 4620. NandkumarGangan: hello sir, what about banking sector? today FM is going to present a plan for 60000 loan waiver Anil Manghnani: Still prefer PSU would avoid private banks shafais94: can i buy rcom now Anil Manghnani: trade with stop at 490 ameyamogre: What is the outlook for reliance petro? Anil Manghnani: it is one of the large caps showing good strength. Buy on fall closer to 143 for bounces rakesh_new81: what is ur view on market Anil Manghnani: I am more negative than positive to be honest. I do not mind buyer higher on a confirmed break out rather than trying to catch the supposed bottom Anil Manghnani: buying higher not buyer higher vishfin: should one buy JP Ass at currrent mkt price Anil Manghnani: the recent move is making for good trading opportunities. Support exists at 226/216. Upper level at 236/248 ganeshji101: Sir, Can I buy Alstom Projects at present level of Rs.590/- for one year? Anil Manghnani: nothing to suggest strength if you buy keep stop below 550 rampratap.yadav: will 940-1000 be strong support for relcap to make an positional trade Anil Manghnani: 1136 is a key level that needs to hold nassarca: Whats your view on cairn energ? can i enter at current level ? Anil Manghnani: Cairn has shown good strength recently so buy in this fall. Immediate trading support at 210-208 rampratap.yadav: U said sometime back, their are three schools of thought for bear market, 1st 4800 broken 2nd 4445 broken , 3rd august 2007 low broken. according to u it`s already in bear phase 1st case. do u think if 4445 is held 2nd case which will confirm double bottom should one go and buy ( or in other sense if 4445 hold at wht point should one take an positional call on nifty) Anil Manghnani: Tough Question. My gut feeling is if we test 4445 I am not confident it will hold rkjetty: Can we start buying now or we have to wait for some more days ? rkjetty: Is it a good level to accumulate front line stocks? rkjetty: Is it a good level to accumulate front line stocks? rkjetty: Is it a good level to accumulate front line stocks? Anil Manghnani: You can trade the frontline stocks. I am not sure if this is the right to be investing p.v.patil: what do u think about unitech ? Anil Manghnani: The sector is very weak now. If you buy keep stop at 255 uvsagar: I wiould like to know the charts of IDFC and OBC. Is it a time to buy? uvsagar: I wiould like to know the charts of IDFC and OBC. Is it a time to buy? Anil Manghnani: Idfc buy with stop at 149 rohitgnaik: RANBAXY..will it move above 170 today Anil Manghnani: I assume you mean 470. well that is the resistance which it is not being able to cross. If it does then 516 is target drvaibhav24: gd noon sir , is 4600 nifty levl likly to hold ? Anil Manghnani: I am not sure it will hold. May do so today but eventually it could break. Anyway you trade long with 4600 stop hmmn: Sir, tell me the market for next week bullish or bear? hmmn: Sir, tell me the market for next week bullish or bear? Anil Manghnani: It could give you small pull backs but current charts suggest that each pull back will be sold in to partha_sista: your view on RELIANCE CAPITAL , RELIANCE COMMUNICATIONS, both are touching new lows even though their businesses are good. Should we buy, or wait Anil Manghnani: wait as i feel the ADAG group is most suseptible to more declines ksdinesh: enough negative bais on broking stks. will it see uplevel within 2-3 months Anil Manghnani: Difficult. If markets remain dull and keep falling the there are less people trading so overall brokerages will reduce leading to earnings declines and downgrades for brokerage stocks. In addition many of them have opened branches which is another problem. virgovim: can we still go short on RNRL ? Anil Manghnani: short on rise may be close to 123 Anil Manghnani: Thank You Anil Manghnani: h Anil Manghnani: Have a nice week end Anil Manghnani: no disclosures