Transcript of Chat with Mr. Hitendra Vasudeo, Technical Analyst, stockmechanics.com.- 26th April 2002
[04:27:31 PM] => Myiris: Welcome to the live chat session.
[04:30:35 PM] => Myiris: Our guest today is Mr. Mr. Hitendra Vasudeo, Technical Analyst, stockmechanics.com.
[04:33:21 PM] => Mr. Hitendra Vasudeo is a technical analyst with stockmechanics.com. 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.
[04:34:09 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.
[04:34:24 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.
[04:42:37 PM] => Myiris: Welcome to the chat session, Mr. Vasudeo.
[04:44:33 PM] => Myiris : We apologise for the delay. The chat will resume shortly.
[05:55:08 PM] => Myiris : We are extremely sorry for the delay . The chat will start now.
[05:55:19 PM] => Ramesh : Sir, What's the next support levels for Sensex?
[05:55:38 PM] => HV : Support Range for SENSEX is at 3313-3275. The level of 3313 is 0.382 corrective level of the rise from 2594 to 3758. The level 3285 is the 200 SMA. The level of 3275 is the higher bottom against 3100 and 2594.
[05:55:43 PM] => Sam_Arya : Please advice on good second line tech stocks to buy?
[05:56:01 PM] => HV : The second line tech stocks are of high risk. If one prepared to take it with low volume then only think of it to prevent from the hit if it witnessed. ROLTA and ZENSAR looking good and MASTEK, AFTEK INFY and PSI DATA also could be considered.
[05:56:12 PM] => Ashok_mat : do you expect the Sensex to cross above 36oo in the near future?
[05:56:24 PM] => HV : Yes it is possible and it is just a matter of time. Let the downside get complete.
[05:56:31 PM] => Nair_s : Sir, What could be the next trigger for an upsurge?
[05:56:45 PM] => HV : I can give you the fundamental trigger. But in terms of level if the SENSEX can close above 200 EMA of 3433 with volumes then the SENSEX will mark a revival. Volume support is necessary.
[05:56:53 PM] => Shah : Is Geometric worth buying at these levels?
[05:57:09 PM] => HV : The stock can give a further strong up move only on breakout above Rs 623. At lower levels if it is available at Rs 494 or below then think of it.
[05:57:31 PM] => Munjal : Please advice on Pantaloon Retail?
[05:57:48 PM] => HV : Book profits at Rs 75/Rs 85. If March�02 closing is above Rs 75.10 then re-enter in post closing on last day of the month. In that case expect Rs 129. From current level keep a stop loss of Rs 48. Dip to Rs 57 could be used for buying if the opportunity arises.
[05:57:56 PM] => Kumar_sanu : What does the technicals say about CMC?
[05:58:11 PM] => HV : The stock had formed an ISLAND REVERSAL pattern at the historical top of Rs 873. Book profit at the historical top or above as and when the opportunity arises.
[05:58:20 PM] => SPB : What is your view on Blue Star Infotech?
[05:58:34 PM] => HV : Hold long positions or buy at dips with a stop loss of Rs 140. Breakout above Rs 220 will take the stock to test the historical top of Rs 400.
[05:58:47 PM] => Mushroo : Sir, what's the take on PSU scrips? Have they hit the top?
[05:59:00 PM] => HV : Exponential run is over. One can think of it when the market crashes.
[05:59:11 PM] => Ramanathan : I hold 500 shares of Hero Honda. Please advice. Do I hold?
[05:59:29 PM] => HV : Hold
[05:59:41 PM] => Neel : What is the future of media scrips?
[05:59:52 PM] => HV : Bullish
[06:00:22 PM] => M.R. Patil : Where do you see the Indian economy heading for?
[06:00:31 PM] => HV : Overall Indian Market and economy is good and grow come what may. Let some FIIs say what they want to. Let them reduce India weightage. Later on they will not have any choice but to increase India weightage.
[06:00:39 PM] => Ashik : Is Aztec a good bet?
[06:00:57 PM] => HV : Good investment trading bet with a stop loss of Rs 43 for delivery based trade.
[06:01:15 PM] => Bala : Any multi baggers that you can spot?
[06:01:41 PM] => HV : Tata Finance , Melstar Info & Moschip Semiconductor
[06:01:56 PM] => Preethi : What's the upside for Digital?
[06:02:27 PM] => HV : Ultimate target of Rs 1120.
[06:02:35 PM] => N_kumar : How do you see E-Serve?
[06:02:54 PM] => HV : Very good and will test the historical top of Rs 806. It a matter of time.
[06:03:23 PM] => Rpdedhia : Target price for Punjab Communication after crossover of 72 with vol 100000 or more.
[06:03:31 PM] => HV : Target Rs 75 and max Rs 102
[06:03:39 PM] => Rpdedhia : Target for IDBI Bank after 32 and Max India.
[06:04:09 PM] => HV : IDBI Bank target Rs 40 and Rs 56. MAX targets are Rs 195, 242 and Rs 289. Expect at least Rs 195 level for Max.
[06:04:18 PM] => Sanjayn: Please give me one good pick each from Pharma and FMCG?
[06:04:42 PM] => HV : Wockhardt �Pharma & Bata � FMCG
[06:04:50 PM] => Sanjeev_K: What do you think for the market in a one-month horizon?
[06:05:31 PM] => HV : To fluctuate in the range of 3800-3100
[06:06:02 PM] => Srivastava : How do you see cement scrips in the next quarter.
[06:06:12 PM] => HV : Range bound movement with last 3 month high and low
[06:07:11 PM] => AB_324: Is Telco worth buying at current levels?
[06:07:22 PM] => HV : One can buy
[06:07:31 PM] => Investor_32: What's your call on Zicom?
[06:09:06 PM] => HV : Bullish buy it. Expect a price of Rs 69.
[06:09:19 PM] => Himanshu : Do you foresee any specific sectoral movement for the coming week?
[06:09:36 PM] => HV : In next 15 days Old economy stock and agriculture related stocks could turn attractive at lower levels
[06:09:49 PM] => Guest54 : Prospects of TVS Motors?
[06:10:03 PM] => HV : Stock to attain Rs 540 level in months to come. Remain invested. Buy at Rs 395 if the opportunity arises.
[06:10:32 PM] => Tara : At the current price which is the best bet amongst private sector banks?
[06:11:03 PM] => HV : Bank of Rajasthan, HDFC Bank, Indus Ind Bank
[06:11:12 PM] => Pushpa : What is the view on Tata Power ?
[06:11:31 PM] => HV : Good long term. Accumulate at every dips and remain invested.
[06:11:39 PM] => Hemant : How do you see the guidance by tech companies?
[06:11:54 PM] => HV : Overall stock wise bullish for medium term. Depending on the stock.
[06:12:06 PM] => Swati MT: What do you think for the market in a one-month horizon?
[06:12:18 PM] => HV : The SENSEX will move up after touching the range of 3300-3250. Back towards the level of 3758.
[06:12:29 PM] => vijay_maniar : What exactly is fibonacci extension and how does it actually differ from fibonacci retracement ?
[06:12:42 PM] => HV : Fibonacci Extension is 3-point and Fibonacci retracemetn is 2 points.
[06:12:58 PM] => sujjal bhatia : What is your opinion about Apollo Hospital and Indo Rama Synthetics ?
[06:13:14 PM] => HV : Apollo Hospital looks bullish and should attain Rs 204 at leas in month to come. Indo Rama Syn the trend has turned up dips could be used for buying.
[06:13:33 PM] => Ayan : What is your view on South Indian Bank and SKF Bearing scripts?
[06:14:04 PM] => HV : South India Bank - It is up trend. Looks bullish dip to Rs 39-32 could provide opportunity for buying.
[06:14:23 PM] => SKF Bearing - Long term up trend only on weekly close above Rs 43.
[06:14:31 PM] => vijay_maniar : I need to set up a formula to calculate weighted average of volume on daily basis and I am using metastock please specify how what equation string can be set up to achieve the results.
[06:14:42 PM] => HV : I cannot answer your question at the moment. But you can call me on my mobile no 9820219664 or 91-22-3895370 or email me at [email protected]
[06:14:54 PM] => ayan shah : Sir what is your call on Dabur at 57 Rs. and Nirma at 253 Rs.
[06:15:48 PM] => HV : Dabur-The stock is good but it is not moving up. If you are slow and steady investors then only think of it with a stop loss of Rs 50.
[06:15:59 PM] => Nrima- Its worth buying if available at Rs 235.
[06:16:09 PM] => yogesh : What is the right level to buy RCF and Hind Organics and what do you think are the upsides for the stocks?
[06:16:26 PM] => HV : RCF is looking good and could attain Rs 22. Hind.Org-The stock can move up towards 22.
[06:16:36 PM] => J.Ananth : The charts of Bata, Titan and Vam Organics are exceedingly good. But Hind Petro and BPCL are bearish. Your comments.
[06:16:50 PM] => HV : Titan & Bata is good and bullish. HPCL and BPCL are in correction.
[06:17:01 PM] => Avdhut Wasudeo : Under current market scenario which is the most safe and reliable instrument of investment and why?
[06:17:15 PM] => HV : In equity market, option is the best instrument if you are a trader and investors also can hedge they position as well. Other market, I cannot comment. I study the secondary market price movements.
[06:18:23 PM] => Pratap Jain : Do you approve the so called experts on TV channels giving extempo advice, fully knowing that 99 out of 100 retails investors do not know any thing about fundamentals of company they r investing, investor just lap up the name PF company and invest. These so called experts should be banned. Your views.
[06:19:00 PM] => HV : One needs to have a personal tie up with the experts and try to find out what exactly they are try to say. In short time on TV they have to express their view which could be mis-interpreted. TV programs are for informations. The view at times are also very general. For timing of your investments which is very important in the market, one needs to have a personal service with the expert.
[06:19:09 PM] => Vimal Shah : Explain chart of Geometic Soft ?
[06:19:28 PM] => HV : The chart is bullish. Might witness a correction before a next up move.
[06:19:40 PM] => Sonia : Sir, how is Tips looking on charts. I bought at rupees 147.
[06:20:02 PM] => HV : The stock is sideway at the moment in a wide band of Rs 183-Rs 116. The stock is attaractive for buying at Rs 130-Rs 110.
[06:20:14 PM] => Fari : What's the view on IDBI Bank ?
[06:20:26 PM] => HV : Overall the stock is bullish
[06:22:35 PM] => Myiris : That's the end of the chat session.
[06:22:41 PM] => Myiris : Thank you all for logging on.
[06:22:55 PM] => Myiris : We thank Mr. Hitendra Vasudeo for his comments.
[06:23:02 PM] => Myiris : Hope to see you all again on Monday.
[06:23:07 PM] => Myiris : Till then its bye from us.
[06:23:17 PM] => Myiris : Have a nice weekend!
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