24-03-08 Chat script with Mr Ashwini Gujral.

Chat with Ashwani Gujral on 24th March 2008

moderator: Welcome everybody to poweryourtrade.com chat. Mr Ashwani Gujral will soon join us.

Ashwani Gujral: gm all

SHAIKMOI: Hi Is it advisable to short nifty at current level - Regards Moin

Ashwani Gujral: yes, we have gone short at 4594

nitinlal1: Hi Sir, i have Essaroil 175@333...what should i do...exit or hold it for a long time

Corner

Ashwani Gujral: essar oil- supp 157, resis 223

Ashwani Gujral: pls understand very carefully, in case 4450 breaks, there will be further dowside till 4000-4100

Ashwani Gujral: so do not hold any longs below that

shah73tr: sir,please your view on reliance energy, have a big loss please.

Ashwani Gujral: it can go down further, final stop 1000

LUCKYMAN0072002: sir, i m holding 4000 jp@ 434, 10000 rnrl @ 185, 7000 rpl @ 195 what to do with them??

Ashwani Gujral: u need to save ur cap, to stay alive, pls cut ur losses, period

VRAJESH: Which are the best stocks to buy for super long term?

Ashwani Gujral: why dun we wait for the mkt to bottom b4 buying, the mkt is not closing tom, niether is it runnin away anywhere

goel007: hi, can we take positions in sugar at these levels specially in balrampur

Ashwani Gujral: sugar may not fall as much as other stocks, but if fall continues, everythin will fall, have u seen the condition of midcap and small cap, money will be made on the downside i.e. by goin short

sai2sanj: Your view on clutch auto? I have 400 shares at avg price of Rs.119 I am Long term investor. Please advise.

Ashwani Gujral: u shud be out of clutch auto, being long term does not ensure profit

harishmaranani: Sir at what levels shud we go long in this market

Ashwani Gujral: i think 3700-4000 is poss in case 4450 breaks, be very cautious, better to wait and buy higher, that to buy and be sorry

suman80: WHERE YOU SEE BOTTOM OF THIS MARKET . WHEN I SHOULD START BUYING AND WHICH STOCKS I SHOULD BUY.CAN I BUY HDIL,HOTEL LEELA,RELIANCE,ITC,NTPC,KS OIL.IF YES,THEN WHEN AND AT WHAT PRICES?

Ashwani Gujral: bottoms r found in retropect, let the mkt turn, i will indicate the bottom when i find one, NO ADVICE FOR BUYING NOW

Shashavali: i bought 1500 shares of IFCI at 57.1. now it is at 38. pl tell me what to do. i have also bought 650 shares of RNRL at 144 now it is at 98. pl let me what you feel

Ashwani Gujral: i feel just take ur loss and wait for the mkt to bottom, b4 buying again

shakya_s: Hello Sir, Should I short Educomp @ 3150 (Apr. Futs).

Ashwani Gujral: take profit, educomp can also fall further

Ashwani Gujral: oops, i read that as "buy", yes u can short

Ashwani Gujral: that shud be all, tc all