| moderator: Welcome to poweryourtrade.com chat. Mr Ashwani Gujral will soon join us. Ashwani Gujral: gud afternoon all abbottmehta: sir can i buy nifty at this level? Ashwani Gujral: yes nifty is at buying rate but keep a 4870-4900 stop YALHRAKE: Your view on bombay dyeing short april futures @ 700 Ashwani Gujral: do not short any stocks now, this is no longer a weak mkt, exit Ashwani Gujral: educomp is a hold, stop 3350, resis 4550 mnrao414: Hi Aswini, Can investors start getting in as your cautious level of 5050 was breached ? Can you please suggest any good stocks for decent returns in medium term ? Ashwani Gujral: yes i believe investors can now buy but remember tgt for nifty shud be 5400-5500 Ashwani Gujral: midcap tech, large cap tech, agro stocks like fertilizer, rice etc are gud bets, infra stocks may consolidate reply2deepak: I Have reliance ind@2400 and Carin @248 can I sell or hold Ashwani Gujral: these r gud strong stocks, hold on with stops ril 2450, resis 2820/2950, cairn- supp 220-225, resis 280-90 sahakundu: Good Afternoon Sir, Where can we expect Infosys in a day and over the week? Ashwani Gujral: infosys story is over for the time being, the day to buy was the result day, look at midcap it HEMANT DEEPAK: SIR CAN I BUY BHEL AT THIS LEVEL AT 1780 RS Ashwani Gujral: can u see mkt is up 10%, bhel is down, forget bout last year's heros, get into new leaders KIMANIA: Sir i have taken put of nifty april fut at 97 rs shall i hold or exit now Ashwani Gujral: u will lose, exit sumit7282: hello sir i m short in nifty @4940 what should be the sl for me sumit7282: hello sir i m short in nifty @4940 what should be the sl for me Ashwani Gujral: u will lose, better take ur loss now, i am long faisalhaleem: sir what to do with sasken and polaris in this market conditions faisalhaleem: sir what to do with sasken and polaris in this market conditions Ashwani Gujral: if u bought at lower levels, u can take profits, buy Ashwani Gujral: if u bought at lower levels, u can take profits, buy Ashwani Gujral: buying rite now is not smart vjybskr: sir,i have 10 lots of nifty april 5000 cal@56/- shall i wait for some time or to book profit holding it since 01 april kindly suggest... Ashwani Gujral: i think from here u will face loss of time value, so roll over ur pos to may options sudhir_52: Sir i hold Infosys,Tcs,Voltas,Indian Hotels and Hotel Leela.Sir should i sell and book profits or wait for some time ? Ashwani Gujral: u have had some run, book 50%, for the rest wait for nifty levels of 5400-5500 Ashwani Gujral: that shud be all for the day, tc all |
21 April 2008
21-04-08 Chatscript with Mr Ashwini Gujral.
21-04-08 Learn & Earn.
Good morning friends, hope you have enjoyed the weekend well.
Market looks promising now, today its all set to break the 5000 points on nifty, wipro, century tex, RIL looks promising at the point for short term/ traders.
11.30 am or 5025 at nifty (whichever come 1st), we may feel some selling pressure / depression for some time, but a sharp bounceback with eu markets open and would continue upto end of day.
However negetive sentiments are present in market too, CRR rate, short selling permission to instituions, etc. so dont go agressive way in long positions, but play safe is better.
Follow Sl and check PYT trade Tips for the day.
Happy investing.
Learn & Earn Team
16 April 2008
15 April 2008
15-04-08 Chatscript with Mr Ashwini Gujral.
| moderator: Welcome to poweryourtrade.com chat. Mr Ashwani Gujral will soon join us. fly2viswa: sir, what is the future of jaicorp, any side possible Ashwani Gujral: gud afternoon all vipulgupta23: sir wht abt Nifty, i shorted 2nifty@4600. Ashwani Gujral: 4600???, we did not go to 4600 today Ashwani Gujral: u shud not be short, pls exit shekar2004: Is it right time to short on nifty ? If so what are the levels plz advise a strategy on nifty ? shekar2004: Is it right time to short on nifty ? If so what are the levels plz advise a strategy on nifty ? Ashwani Gujral: but crossin 4817, we are long 113880: Sir ive ICIBANK 200@1,084.16 wht can we expect . Ashwani Gujral: avg around 740-750, resis 920/1000 chandajain: hello sir, is there any downturn left,i have 150 cairns @160 should i hold for long term or should i exit as crude is up Ashwani Gujral: cairn ind- supp 225, resis 280-290 navansk: sir what about L Ashwani Gujral: larsen is likely to remain ranged b/w 2600-2920 raj_gor13: sir views on rpl should v buy now Ashwani Gujral: rpl- supp 175, resis 211 jasonsaji: sir what is the nifty levels? shall i go long now? Ashwani Gujral: nifty cud rally to 4950, supp 4770-4800 meihullmehta: is this just a bounce back or worst is over? Ashwani Gujral: nifty is still broadly rangebound 4600-4950 Ashwani Gujral: that shud be all, tc all |
14 April 2008
Market range gets narrower!
The market rallied last week, with the Sensex finishing 3.03% or 465 points higher, and the Nifty gaining 2.81%. The CNX Midcap outperformed the main indices with a 4.49% gain.
The market participated in the global rally, unlike the preceding week. Bharat Heavy Electricals (Bhel) was the biggest winner among the Sensex stocks with a 12% gain. It was followed by Reliance Energy, Reliance, Tata Steel, HDFC, Hindalco and TCS with gains between 4% and 10%.
Infosys was the biggest loser among the Sensex stocks with a 4.1% loss. Maruti Suzuki, Jaiprakash Associates, Ranbaxy Laboratories, Hindustan Unilever, ACC and Wipro were next, with losses lying between 2% and 4%. Orchid Chemicals was the biggest winner among the more heavily-traded non-Sensex stocks with a 37.9% gain. Rajesh Exports, Indiabulls Securities, Tech Mahindra, Hindustan Oil Exploration Company (HOEC), S Kumars Nationwide and Sesa Goa followed, with gains falling between 13% and 18%.
GSS America Infotech, with a 24% loss, was the biggest loser among the more heavily traded non-Sensex stocks. Other significant losers were Tulsi Extrusion, Tata Communications, Akruti City, Indiabulls Real Estate, HCL Technologies and JSW Steel, with losses between 4% and 13%.
INTERMEDIATE TREND
An intermediate downtrend was triggered for the Sensex and Nifty on March 31, but the indices stopped falling a couple of days later and have flattened out now. As things stand, the market will be back in an intermediate uptrend, should the Sensex climb past 16237 and the Nifty above 4917.
The low of the downtrend has so far been 15298, which the Sensex reached on April 1, just two sessions after making an intermediate top. It may, therefore, be necessary to ignore this downtrend altogether, should the Sensex fail to make a fresh downtrend low before an intermediate uptrend is triggered.
A fall below the April 1 lows will re-establish the downtrend. The CNX Midcap is in an intermediate uptrend, which will end if it were to fall below 6065. This index is showing some signs of trending upwards, as it closed at a four-week high on Friday.
LONG-TERM TREND
All the main indices are in major (long-term ) downtrends. The Sensex will need to close either above 16453 or 18895 to be back in a bull market, depending on whether its current intermediate trend turns out to be a downtrend, or a continuing intermediate uptrend.
The CNX Midcap index will be in a long-term uptrend if it closes above 7378. The bear market started with the Sensex’s January 10 high of 21207. It was just over two-month old when the current bear market low of 14677 was established on March 18. A fall below that level will mean a continuing bear market.
TRADING & INVESTING STRATEGIES
Long-term investors can start the process of slowly building up their portfolios. Pharmaceuticals and FMCG stocks have been among the more stable performers since January 22, and are safer options at this time. Some of the technology mid-caps are also showing some signs of medium to long-term strength. There is no clear intermediate trend for the market, and this will make swing trading less profitable, as the moves are simply not large enough. Last week’s range was the narrowest for the Sensex in several months, and the next move can be a fairly large one, as and when it develops.
GLOBAL PERSPECTIVE
Global markets are also tending to get stuck in a range, just after getting into intermediate uptrends. The Dow has been oscillating between 11500 and 12850 for almost four months now. A rally past 12850 can, therefore, turn out to be a significant one, not just for the Dow, but for most global markets as well. A fall below 11500 will mean a continuing bear market.
The long-term (major) trends of all the important global indices remain down. The Dow will have to climb back above 14000 for its major trend to turn up again — i.e. to get into another bull market. The Sensex’s gain for ’07 (until Thursday) stands at 19.1%, and the index retains its position as the fourth-best performer among 40 well-known global indices considered for the study. Egypt tops the list with a 50.7% gain. Brazil and Karachi are the other two markets ahead of us with gains of 35.3% and 28.7%, respectively. (These rankings do not take exchange rate effects into consideration).
The Dow Jones Industrial Average has gained 0.8%, while the Nasdaq Composite has lost 4.4% over the same interval.
11 April 2008
10 April 2008
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