[04:55:07 PM] => Myiris : Welcome to the chat session at myiris.com
[04:55:31 PM] => Myiris : Our guest, Mr. Hitendra Vasudeo, Technical Analyst, will be joining us shortly.
[04:55:39 PM] => DISCLAIMER
[04:55:50 PM] => Mr. Hitendra Vasudeo is a technical analyst. At the time of this conversation / chat, Mr. Vasudeo may or may not have positions in the stocks mentioned below, although holdings may change at any time. The views expressed by Mr. Vasudeo is based upon information that he considers reliable, but does not represent that it is accurate or complete, and it should not be relied upon as such. Mr. Vasudeo, his company and its affiliates, officers, directors, partners, and employees may, from time to time, have long or short positions in, buy or sell and deal as principal in the securities, or derivatives thereof, of companies mentioned herein and may take positions inconsistent with the views expressed.
[04:56:14 PM] => None of the information contained herein constitutes, or is intended to constitute a recommendation of any particular security or trading strategy or a determination that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. You should consult with and rely upon your own advisors whether and how to use such information in making any investment decision.
[04:56:22 PM] => Lastly the views expressed by Mr. Vasudeo have no bearing whatsoever with that of IRIS Ltd. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website www.myiris.com.
[04:56:42 PM] => Welcome to the chat session Mr. Vasudeo.
[05:04:12 PM] => Ganesh Murthy : Sir, looking at the technicals do you think IT rally will last?
[05:05:03 PM] => HV : The IT rally could continue only if the BSE IT could maintain weekly close above 1573. I am indicating to track BSE IT because that will help in keep track the overall IT sector. If BSE IT fails to maintain a weekly close above it, then that could be the end of the IT rallies.
[05:05:16 PM] => ckmalde : Has EID Parry stopped dividends to GDR holders?
[05:05:28 PM] => HV : Cannot comment on the dividend aspect.
[05:05:38 PM] => sharemits : Your opinion about Morepen Lab., Digital, Wockhardt & Sterlite Optical?
[05:06:24 PM] => HV : Morepen Lab, the stock is good for medium term investment at current market price. Buy in low volumes and keep room to accumulate at or around 70 as and when the opportunity arises in days to come.
[05:06:35 PM] => Digital Global - keep level of Rs 426 as the weekly closing stop loss for all long positions in the stock. Fresh position needs tight stop loss. If one can implement it then only attempt the trade. Exit long positions on rising spurts as the opportunity arises.
[05:08:42 PM] => WOCKARDT: Buy the stock at market price and at every dips towards Rs 420. The stock is likely to move up from here on. Try to buy at dips.
[05:08:53 PM] => Sterlite Opt - Avoid the stock. The stock can firm up only on breakout and close above 208.40.
[05:09:53 PM] => joyghosh100 : Sir, I bought HFCL at 116.65, Aftek at 296 and Aptech at 81 recently. Please advice whether I should hold them or sell?
[05:10:40 PM] => HFCL - Hold the stock. If its for trading then risk spurt will have to be used to exit. If one you can hold it then add at every dip towards Rs 87.
[05:11:13 PM] => After Info- The stock will have to cross and close above 312. Try to exit on rising spurt towards 312 and think on re-entering only on close above 312. Keep 258 as the stop loss of all long positions.
[05:11:32 PM] => girish_k2 : Should I hold or sell?
[05:11:49 PM] => HV : Overall market , book profits on rising spurts.
[05:13:50 PM] => kunjkumar2003: Sir, how do you see HFCL and Sterlite Opticals valuations?
[05:15:29 PM] => HV : Sterlite Opt can firm up only on breakout and close above 208.40. HFCL try to buy at dips as the stock has higher bottom of 87. If it fall and closes below 87 then that could be the end of the positive movement the stock can ever have.
[05:15:39 PM] => kunjkumar2003: What is the reason of the recent movement in Sterlite?
[05:16:49 PM] => HV : Cannot comment on the reason par. But at the moment one can avoid the stock.
[05:19:18 PM] => pasubu: How is information technology shares these days?
[05:19:41 PM] => HV : No, the best time to invest as the price of stock are in a state of high risk.
[05:20:19 PM] => divjo: Is Polaris a good buy right now?
[05:23:18 PM] => HV : The best buying time is over and if you can observe and implement a stop-loss then only attempt the stock. Whether it is delivery base or intra-day speculation. It is not advisable for the fresh entry right now.
[05:36:56 PM] => pasubu: Any news on fourth Gen. Info Systems?
[05:37:15 PM] => HV : No idea about this stock.
[05:37:25 PM] => glbcrp: Is it better to invest in ACC?
[05:37:45 PM] => HV : At dips ACC is good for medium term investment and plan your volumes as keep room to add more at 140 if the opportunity arises.
[05:41:38 PM] => joydeepmitra: What is your outlook on the sensex, three months from now?
[05:42:03 PM] => HV : The stock could dip towards 3155-3080 range in next couple of month consolidate in the range and possibly attempt for a breakout above 3527. On the immediate front, the SENSEX could be range bound in a wide band of 3500-3000 in next 2-3 months.
[05:42:15 PM] => joychatterjee: I purchased Zenith Infotech at Rs. 250. Shall I hold or sell it? What is analysis for medium term?
[05:42:45 PM] => HV : The stock is priced at 10% of your cost and I could only suggest to hold and review the stock position at every rising spurts. The objective must to exit on spurts as the opportunity arises.
[05:43:00 PM] => Pushkar : Which are the sectors that you are bullish about and where are you bearish?
[05:43:21 PM] => HV : Bullish on media , cement, Pharma and selective IT stock depending on the movement.
[05:45:33 PM] => Ram23 : Sir, What will be the impact of the attack on parliament? Will it kill the current boom?
[05:45:52 PM] => HV : It could possibly keep the SENSEX range bound in the range of 3500-3000 for the next few weeks.
[05:45:59 PM] => SM 22 : What do you think of Digital Eqps?
[05:46:12 PM] => HV : Book profits at rising spurts.
[05:46:24 PM] => Milind : Is it the second IT boom?
[05:46:54 PM] => HV : It is appearing that IT boom could come in. One round is already over when the SENSEX moved up from recent low of 2594. The stock has double and tripled . But for next one the confirmation has yet to come. If you are quick and active in the market then only thinking of entering otherwise you are playing with fire.
[05:47:14 PM] => Sapna_P : Given the current market scenario, is this a good time to enter the market. I have never invested in stocks before.
[05:48:15 PM] => HV : Not the best time as the SENSEX level of around 2594 offered best opportunity. If the SENSEX consolidates at lower range of 3150 then we might think of it and consult with the professionals of the game.
[05:48:37 PM] => Manohar : What is your outlook for the next six months on the equity markets?
[05:49:15 PM] => HV : Next SIX months could offer reasonable opportunity for upswing, for that the SENSEX must give a breakout and close above 3527 on the immediate front.
[05:49:44 PM] => Tara : At the current price which is the best bet amongst private sector bank?
[05:50:09 PM] => HV : HDFC Bank, but its slow. Keep low expousre and be prepared to add at dips.
[05:50:23 PM] => Pushpa : What is the view on Tata Power?
[05:50:38 PM] => HV : The stock provide opportunity for investment in the price range of 125-110. Try to buy as and when the opportunity arises in days to come.
[05:51:02 PM] => Neel : Will RBI cut rates again following the Fed cut?
[05:51:16 PM] => HV : Can cut subsequently, if Fed cuts the rate.
[05:51:35 PM] => SS78 : Do you think there will be a spate of new listings, now that the markets are booming again?
[05:51:50 PM] => HV : Yes, their could be attempts by promoters but not the flood of issue as we had seen in the past.
[05:52:08 PM] => jassi210 : Sir, Looking at market and after attack it is good buy the tech stocks at lower levels or safe to buy old economy stocks, please suggest some good scripts ?
[05:52:37 PM] => HV : Old economy as always safe comparatively and the volatility is less if those stocks. For tech stocks one has to be really quick to think and act.
[05:52:46 PM] => Sanjay 76 : Which stocks do you think will pick up in the future?
[05:53:00 PM] => HV : Media sector, Selective tech stocks, cement stocks.
[05:53:38 PM] => Arun : Is this a good time for stock picking?
[05:54:54 PM] => HV : Not the best time.
[05:55:04 PM] => Jagan : Should I invest in L&T ?
[05:55:21 PM] => HV : Yes, at every dips of Rs 20. Plan you volumes accordingly. If you can hold then in such strategy will definitely yield returns.
[05:56:13 PM] => R-Nath : Sir, Is there any major activity in media scrips? The prices seem to be going up?
[05:57:19 PM] => HV : Yes, the activity is already in the stocks. One has to be very selective in investing. Zee Tele could provide an opportunity for investment in the range of 120-105.
[05:57:32 PM] => Thirumalai : Which is likely to be the next big boom sector?
[05:57:42 PM] => HV : Media
[05:57:53 PM] => Swati : What do you think for the market in a one-month horizon?
[05:58:08 PM] => HV : The SENSEX could be fluctuate between 3500-3000.
[05:58:53 PM] => ayan : How markets are headed by Dec. end from todays level?
[05:59:19 PM] => HV : The sensex is likely to fluctuate between 3500-3083 range.
[05:59:52 PM] => joyghosh100 : Sir, get me some prospective Biotech stocks. Name with low share price.
[06:00:39 PM] => HV : All are speculative right now and will depend on the movement and volume action in the stock.
[06:01:42 PM] => Myiris : That is the end of the chat session for today.
[06:02:33 PM] => Myiris : Thank you all for your participation
[06:03:13 PM] => Myiris : Thank you Mr. Hitendra Vasudeo for answering all the queries.
[06:03:31 PM] => Myiris : We'll see you soon at myiris chatmasala.
[06:03:52 PM] => Myiris : Wish you all a happy weekend!