Market Technicals for the month

Topic: Market Technicals for the month
Expert: Anu Jain
Date: October 25,2010 , 16:30 - 17:30 hrs
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Anu Jain : Hi every one ! Welcome to todays chat
narenkumar : hello Anu madam, I bought lupin at 425, should I wait any longer or exit tomorrow?
Anu Jain :If you are short term trader, then you can exit at around 470
DEEPAB01 : Hi, wud like to know Rel capital hv 10 at 839, IGL at 338, how is petronet, Bharti, ABG, Pipav or GE shipping which one
Anu Jain :Rcap will move above 842, Petronet is coming to support, it can bounce back from 118-120 levels. Overall bullish for new highs.Bharti has a resistance at around 342. All the three shipping stocks are nearing resistances,if bought at lower levels then start booking some profits.
DEEPAB01 : how is blue dart, duration, itc not moving?what news on rnrl and gmr infra, sesa goa, bata, camlin
Anu Jain :Blue Dart is in side ways phase 1130-1160, RNRL is in downtr and no signs of reversal yet. Sesa is also moving sideways in 324-380 zones, speedier move only above 380. Bata is moving in consolidation, resistance at 350,Camlin is moving in consolidation, resistance at 56, GMR Infra is in strong down tr, stay away
prasanta : baking stock in bull run. is banking stocks good to stay invested now and for long? or sell banks stock to book profit?
Anu Jain :Stay invested
prasanta : wat is future of infosys stock ?
Anu Jain :resistance at 3116, more directional moves above this level. Uptr is intact.
DEEPAB01 : Oil and gas sectors and refinery which look good and short term or long term. How is Merck Vs. Reddys. How is Glodyne.
Anu Jain :Except Reliance rest of the Oil and Gas stocks are moving in broad side ways range. Merck is hitting some resistances and reacting, more upside is still left. Reddys is in strong uptr. Looking at the tr, you can give more weightage to Reddys. Glodyne resistance is at 1235, will move only above this level.
narenkumar : what is you nifty level for of october month?
Anu Jain :should be somewhere near 6200 - 6300 band, provided teh support at 5950 are intact.
DEEPAB01 : IGL versus Gujrat Gas and duration of investment.
Anu Jain :IGL is a better option for 3-6 months perspective. Min. upside is till 380.
gopal : hello madam. i bought delta corp at 80. wht will be target for this week
Anu Jain :work with the levels 95 and 102. Looks bullish for new highs
prasanta : please tell mid caps in Auto and financial servcies stock to invest in
Anu Jain :Mid cap Auto is mainly in a consolidation, Large caps like Tata Mtors and MnM are better options.
narenkumar : I hav RIL and Rcom from last June, can you please suggest what should I do now? sell or hold?
Anu Jain :Reliance above 1100 will rise till 1135-1150, you can book some profits around that level. Rcom can be exited on rallies around 195-210.
gopal : i hv obc, j n k bank, indusind bank, south bank. wht will b the targets?
Anu Jain :OBC target 530-540, Indusind bank 290, South Indian Bank 31-33, JnK bank 925-1000.
Debashree : hi Anu madam, please comment on market correction rumour if it happens then which best sector to invest into?
Anu Jain :We wil see a sharp correction if market breaks 5950
Debashree : plz give top 5 IT stock pics of yours
Anu Jain :TCS and Infy
DEEPAB01 : How does gold and silver look ex. Gold BeEs?
Anu Jain :Both are bullish for new highs. Gold Bees target 1960-2023.
Debashree : i have polaris and mphasis stock, what price should I sell it on. Bought them at 150 and 600. plz tell
Anu Jain :Book Polaris at around 183, Mphasis at around 675
narenkumar : Sesagoa stock good to buy
Anu Jain :no confirm buying signals as now.
DEEPAB01 : Pls suggest some banking s.Thanks.
Anu Jain :SBI, ICICI, Vijaya Bank, Axis Bank, IOB
DEEPAB01 : ITC target?
Anu Jain :Above 181, stock can rise till 210-220
gopal : is vip and talwalkars consolidating? i hv 50 each, 2 weeks target
Anu Jain :VIP will move only if it crosses resistance at 710, Talwalkar if crosses 245
ravi21 : hello. you are expert of stock market. please advise future of investment in sugar stocks like renuka
Anu Jain :Renuka has some strong resistance 94-95 levels, currently in an accumulation phase.
ravi21 : after coal india ipo close will market go in correction?
Anu Jain :We will see a sharp correction only if market breaks 5950
Rams : Hi Anu jain, could you please tell me your view about coal India IPO. shall we expect good change on list price? also mistake in profit and loss statement. will it affect the list price?
Anu Jain :We expect the listing to be around 280 levels, the restatement of Profit and Loss should not affect the listing. We recomm holding for long term
ravi21 : I have 1000 shares of edelcap stock at Rs.63. wat near term target?
Anu Jain :A breakout above 69 will lead to some speedier moves till 85-90 levels.
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Previous Chats of Anu Jain

next Market Technicals for 2011
next January 24,2011,16:00-17:00
next Market Technicals
next December 13,2010,15:45-16:45
next Market Technicals
next September 09,2010,16:00-16:45



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