[04:30:03 PM] => Welcome to the live chat session at myiris.com
[04:30:57 PM] => Myiris : Mr Sachin Abhayankar, VP - CD Equisearch Pvt Ltd will be joining us shortly
[04:33:05 PM] => DISCLAIMER
[04:34:27 PM] => Mr. Sachin Abhayankar is the Vice President - CD Equisearch Pvt Ltd. At the time of this conversation / chat, Mr. Abhayankar may or may not have positions in the stocks mentioned below, although holdings may change at any time.
[04:35:45 PM] => The views expressed by Mr. Abhayankar 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. Abhayankar, 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. 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.
[04:36:24 PM] => Lastly the views expressed by Mr. Abhayankar 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.

[04:42:34 PM] => Myiris : Welcome to the chat Mr. Abhayankar

[04:43:16 PM] => R K Arora : Does it make sense to for Index funds now by SIP?
[04:43:52 PM] => SA : Giving the rally in the last 2 days I feel one should wait and watch for buying index funds, keeping in track the changes in the warfront.

[04:49:31 PM] => Nagi1234 : What do you feel about the market? After opening strongly in the morning why did it slide down?
[04:50:28 PM] => SA : Institutions are selling stock at every rise which is reflected by a small slide in the mid afternoon.

[04:52:43 PM] => Vinod Jhaveri : Kindly let me know the long term for Wockhardht Pharma
[04:54:24 PM] => SA : With a 12 to 15 months viewpoint Wockhardt can be brought at the current market levels.

[04:55:18 PM] => P R Srinvas : Should I sell VSNL now or wait?
[04:58:08 PM] => SA : Since a buy has been recommended by a couple of FIIs, VSNL rally could continue till Rs. 225/- to Rs. 230/- where part of the shares can be offloaded.

[04:59:23 PM] => Jaan : At the current price levels, which are the stocks which can give returns by way of healthy dividend and least capital risk?
[05:00:23 PM] => SA : BOI, LIC Housing Finance, EID Parry, BOB, Deepak Fertilizers, Electrosteel Casting can be brought for a decent dividend yeild.

[05:01:20 PM] => Raghav : What is the next support level for sensex?
[05:03:45 PM] => SA : Keeping in view the war like scenario and the recession in the us , technology shares will suffer further beating and hence the next support level is 2610 followed by 2525 and then 2410

[05:04:26 PM] => Guest 76 : Which stocks do you think will pick up in the future?
[05:05:52 PM] => SA : In the future FMCG and Pharma stocks will be a safe bet. However it is not advised to enter the pharma stocks at the current levels.

[05:11:04 PM] => Bhaskar : Are we close to the bottom or worse is yet to come?
[05:12:01 PM] => SA : Unless a war breaks out and oil prices remain stable, the market should hold at 2600 levels.

[05:12:41 PM] => Balan PK : How do you see economic slowdown? Until what period do you expect it to recover?
[05:15:28 PM] => SA : Economic slowdown is a little towards recession and hence it would take 12-15 months for recovery.

[05:16:03 PM] => Sudha Ram : Where do you think will the senxex bottom out? Do you think this is a good time to accumulate good shares?
[05:18:00 PM] => SA : Shares with quality mgt especially pharma and FMCG could be accumulated at declines only. Power could also be added in the portfolio.

[05:18:41 PM] => Sanjays: Is it right time to invest or to wait for few more days for long term ?
[05:19:12 PM] => SA : Yes. with Indian economy holding till date , accumulation is warranted in good quality stocks.

[05:20:11 PM] => AshokR : What are the various forms of Options could you kindly explain?
[05:21:39 PM] => SA : Right now no answers to options and futures for volumes are less.

[05:22:00 PM] => Sanjay Gupta : Is it time to buy Satyam Computers?
[05:24:43 PM] => SA : No. With the US scenario, profit warning would be coming if it worsen. Technology stocks are risky and hence in the current scenario,

[05:25:20 PM] => Krishna N : Your views on the current market market conditions?
[05:26:22 PM] => SA : Current markets are very dicey and persons taking risk will be befitted. At the same time investment should be done in only good management companies (pharma and FMCG) but at declines.

[05:26:50 PM] => Dinesh K : How bad is the US recession and what effect it'll have on the Indian markets?
[05:28:40 PM] => SA : Comments for the US recessions may not be possible at this point but still, its growth can be seen only in the next 12 -15 months. Hence techno stocks will be affected.

[05:29:07 PM] => Romand dsouza: What is the future of futures in Indian market?
[05:29:35 PM] => SA : Futures volume should pick up with the market picking up.

[05:30:22 PM] => Karan: We would wish to know some stock specific information from you - after all you are in the business of buying and selling stocks?
[05:30:37 PM] => SA : sure name the stock

[05:40:06 PM] => Myiris : For those of you who have asked questions on which stocks to buy, this is what Mr. Abhayankar has to say...

[05:40:57 PM] => SA : Reply to all is that this is the time to invest in solid and fundamental scrip which are available at good valuations.
[05:41:33 PM] => SA : Hindalco at 475, HLL at 175, SCBL at 375, Gillette at 230, and dividend yield stocks like J&K bank, LIC housing Fin, EID Parry, BOI, BOB, Electrosteel Castings, SCI , Balrampur Chini, Atlas Copco, Corromendal fert, can be bought.

[05:42:31 PM] => U100065 : I have bought HFCL at Rs.70, but it has plunged to the 30 levels. Should I hold on until it reaches 50 levels, or should invest now and invest in some other stock in telecom. Also which telecom stock would you recommend?
[05:44:07 PM] => SA : In the current scenario, investment in telecom stock is not recommendable,.However, it is advisable to switch from HFCL to Sterlite Optical and Vindhya tele.

[05:44:35 PM] => Tushar P: Your comments on Infosys?
[05:45:13 PM] => SA : To be bought on declines 2300-1800

[05:46:01 PM] => Giridhar : Which sectors in economy do you think will out perform Sensex? When do you expect markets to revive?
[05:48:16 PM] => SA : Cement, Housing, FMCG and Pharma. revival will depend on the international scenaio and steps taken by finance ministry. However it is advised to start accumulating.

[05:48:55 PM] => Raghu : At what price can I enter into NIIT & SSI for trading?
[05:49:21 PM] => SA : NIIT at 75-80 and SSI avoid

[05:49:54 PM] => Saravanan : Your comments on Bharti's IPO plan.
[05:51:04 PM] => SA : Should not be in this market. Yet the premium at the time of the IPO will depend of the then market scenario.

[05:51:28 PM] => Karan : Regarding my earlier question what do you think of Dr. Reddy's?
[05:53:05 PM] => SA : Dr reddy is a fundamental sound scrip accumulated by all funds. However entry at this level is risky. should wait for a correction. unichem and JB chem is right to purchase.

[05:54:03 PM] => Myiris : Thats all in this edition of myiris chatmasala.

[05:54:34 PM] => Myiris : We thank you all for your participation.

[05:56:39 PM] => Myiris : For those of you who may be interested in knowing more about the scrips which came up for discussion, you can access the latest research reports on those companies at www.cdequi.com