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Tuesday, January 22, 2013

Your Questions and our Responses!

Valued Readers keep on writing in and our responses below:

Question: I have 1000 shares @ 58.20 rs. of Finolex cables ltd. and 1000 shares @ 46.15 rs of Spicejet ltd.
What would be the target for next 6 months.Plz reply


Finolex suffered a rejection from 63.5 levels, which was also a high for 2010 bull run, when midcaps were doing superbly well.
Support for this scrip is at 54, so as long as 54 doesn’t break, one can hold. However next support will be only at 48. Currently looks slightly difficult situation for the scrip to regain momentum and break 63 level for further gains. Keep a tight SL.

Spicejet also has seen a recent rejection at 49.5 levels. Once this level is crossed with good momentum, decent highs of around 70 can be seen.
However pls keep a tight stoploss as support is at 41 and 40.

Currently midcaps are losing momentum and it might be a good idea to exit temporarily and reenter when things are better for midcap segment.

Question: I bought Aban 50 share @ 382/- and 100 share Airtel Infratel @196/-
Pl. advise me what to do

Aban is bottoming down at these levels. You have entered at decent risk free level and support is close by at 368 and 354.
The stock is consolidating from past 6 months and may consolidate for some more time till midcaps take off and really good results are announced for Aban.
404, 431 and 484 are nearby resistance levels and partial profit can be booked at these levels. 640 level needs to be broken for past glory to be regained for Aban.

For Bharti Infratel, fundamentally I think this is a overpriced stock. However, technically you have entered at a low risk price. Till 185 holds you can hold as well.

Question: I am holding shares of below companies with the rates / number of shares as mention. Please let me know, what should i do for these shares. I can leave these shares for another 1-2 years. Please suggest, should i accumulate it more at the current levels.

Reliance Power: 473 Shares @ 239 ps
Tata TeleServices: 900 Shares @ 23.72 ps
Punj Llyod: 190 Shares @ 295 ps
Unitech: 250 Shares @ 72 ps
Ballarpur Ind: 350 Shares @ 26.17 ps


239 is a really high price for RPower. Currently the stock is consolidating around 100 levels from past 6 months. No more buy recommended.

Tata Teleservices is also seeing a consolidation pattern at lower levels of 12 or so. No more buy recommended as it might consolidate for long here.

Punj Llyod is doing better and you can average at current price. You might see levels of 80 in next 6 months or so.

Unitech is already doing good. It has more than doubled already and you should not buy here. Wait for price to cool down a bit. It might get support at 32, where you can average a bit. You can see levels of 50 or so for Unitech, once the rally continues.

Ballarpur is consolidating between 17 and 26 levels and will keep on oscillating here for a while. You have bought on higher side of range, so wait for 26 to be broken on the higher side. If you get lower levels, you can dip in a bit as this is a good firm fundamentally speaking. 

1 comment:

  1. Hi Sir , how much correction do you see happening in the market now that it is showing slowness & how should long term investors of a stock deal with falling stock prices pls advice


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