| Transcript of Chat with Mr.Mayur Shah,Technical Analyst, Fortis Securities Limited - 26th August 2002 |
[04:27:00 PM] => Myiris: Welcome to the live chat session.
[04:27:20 PM] => Myiris : Our guest today is Mr. Mayur Shah, Technical Analyst, Fortis Securities Limited.
[04:40:51 PM] => Mr. Mayur Shah is a Technical Analyst with Fortis Securities. At the time of this conversation/chat, Mr. Shah may or may not have positions in the stocks mentioned below, although holdings may change at any time. The views expressed by Mr. Shah 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. Shah, 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.
[04:41:02 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.
[04:41:27 PM] => Lastly the views expressed by Mr. Shah 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.
[04:41:44 PM] => Myiris: Welcome to the chat session, Mr. Shah.
[04:42:00 PM] => naren2000 : What about GTL & HFCL should I hold or exit?
[04:42:20 PM] => MS : Both these stocks are oversold and one can hold for the time being. GTL stop loss : Rs.74 and HFCL stop loss Rs.41.
[04:42:38 PM] => srajamohan : Prospects of L&T -to buy now? your view.
[04:43:01 PM] => MS : One can invest in L & T with a medium term perspective. The scrip can move upto around Rs.245-Rs.265 within the next six month's time frame. You must keep a stop loss of Rs.155 for this scrip.
[04:43:25 PM] => hardeep2000 : Sir, Is technical analysis method superior to other methods of analysis ? If yes, then what are its advantages, which other methods do not offer?
[04:43:40 PM] => MS : It is not the question of superiority. This method is yet another method of market analysis and should be used to advantage.
[04:43:58 PM] => Aaphadnis : When shall I sell Digital Global share ?
[04:44:18 PM] => MS : You should hold for the time being with a stop loss of Rs.575. If the scrip crosses the level of Rs.620 it can move upto Rs.715.
[04:50:46 PM] => nilesh432 : Tell me please entry and stop loss level for Polaris Software, Geometric Software, Infotech Enterprises, Dlink?
[04:51:17 PM] => MS : Polaris has risen sharply and may be due for a reaction. I feel that the stock can react to around Rs.187-Rs.190. One may enter at around that level. At present the upside appears to be pegged at around Rs.218-Rs.220.
[04:58:31 PM] => bakuldave : Scrip for holding 3 months to get 30% return
[04:59:29 PM] => MS : Good scrips - Larsen & Toubro, HPCL, Infosys, Satyam - these are good stocks to hold but I cannot at this point give the returns that can be expected.
[05:00:58 PM] => rajalaxmi : What's your view on Bank of India, should one hold?
[05:01:16 PM] => MS :One may hold with a stop loss of Rs.26
[05:01:43 PM] => subroto65 : what's your outlook on the markets?
[05:02:03 PM] => MS : Markets can move upto around 3165-3175 and then react to around 3075 level.
[05:02:45 PM] => sbaser : investment in tata finance at 22
[05:03:13 PM] => MS : I would not advise investments at this stage. Look at other better scrips.
[05:03:47 PM] => jitroy : What do you feel about Escorts ,Compudyne Winfosystems and GNFC at current
[05:04:08 PM] => MS : Escorts - Wait for some time. Compudyne - avoid . GNFC -may move sideways for some time.
[05:11:51 PM] => sanjeeee : Aftek, how it is looking?
[05:12:20 PM] => MS : Its in a corrective mode.
[05:12:46 PM] => sanjeeee : Why indians are so bearish everytime finding some new excuse for every fall
[05:13:14 PM] => MS : Because in the last ten years our market s have not really done anything great. In 1992 the Sensex closed at the level of 2615 and today we are around 3100.
[05:13:31 PM] => vik_deep : how is e-serve at this level?
[05:14:06 PM] => MS : Hold with a stop loss of Rs.500.
[05:14:29 PM] => sanjujm : when should i sell satyam com, bought at 220
[05:14:55 PM] => MS : short-term target of around Rs.230.
[05:15:13 PM] => sanjujm : what is best rate to enter in Balaji Tel ?
[05:18:25 PM] => MS : Rs.540 with a stop loss of Rs.500.
[05:19:18 PM] => Myiris : That's the end of the chat session for today.
[05:19:32 PM] => Myiris : Thank you all for logging on.
[05:19:47 PM] => Myiris : We thank Mayur Shah for his time and valuable inputs.
[05:20:00 PM] => Myiris: we'll be back with more at chatmasala.
[05:20:25 PM] => Myiris : Till then its bye from us.
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