Ashok Leyland

ASHOK LEYLAND FUTURES

Posted by : dabasbull

Ashok leyland may come down a bit (around 15.6), before it goes up, its bit tricky on charts. If I would have been in your position I will square off the position in early morning tomorrow.

Only thing that may stop me is that nifty is in bull market.
I would leave the decision to you.

Do tell me what was your decision? Also tell me in case you are goign to enter a new trade.

Rgds,
Dabasbull

Ashok Leyland Q3 net loss seen at Rs 86 cr: Religare

Posted by : MMB Messenger

Religare Hichens Harrison Research has come out with its earning estimates on Automobiles sector for the quarter ended December 2008. According to the research firm, Ashok Leyland`s sales, for the quarter ended December 2008, are expected to down up by 48.5% at Rs 8,988 million (Rs 8,98.8 crore) on YoY basis.

ASHOK LEYLAND FUTURES

Posted by : dabasbull

Ashok leyland may come down a bit (around 15.6), before it goes up, its bit tricky on charts. If I would have been in your position I will square off the position in early morning tomorrow.

Only thing that may stop me is that nifty is in bull market.
I would leave the decision to you.

Do tell me what was your decision? Also tell me in case you are goign to enter a new trade.

Rgds,
Dabasbull

ASHOK LEYLAND FUTURES

Posted by : shipelango

Hai

Ashok leyland Jan futures LTP is 16.30 and it had reached an intraday high of 17.05. Now nifty has crossed above 3100 and it has closed well above that level. What will be the taget for Ashok Leyland futures if it closes above 17.50 at the current scenerio. You have told that it may reach to 21 when nifty crosses 3100. Please advice

Regards
shipelango

ASHOK LEYLAND FUTURES

Posted by : shipelango

Hai

Ashok leyland Jan futures LTP is 16.30 and it had reached an intraday high of 17.05. Now nifty has crossed above 3100 and it has closed well above that level. What will be the taget for Ashok Leyland futures if it closes above 17.50 at the current scenerio. You have told that it may reach to 21 when nifty crosses 3100. Please advice

Regards
shipelango

ASHOK LEYLAND FUTURES

Posted by : shipelango

Hai

Ashok leyland Jan futures LTP is 16.30 and it had reached an intraday high of 17.05. Now nifty has crossed above 3100 and it has closed well above that level. What will be the taget for Ashok Leyland futures if it closes above 17.50 at the current scenerio. You have told that it may reach to 21 when nifty crosses 3100. Please advice

Regards
shipelango

ASHOK LEYLAND FUTURES

Posted by : dabasbull

Hold your long. First target is 17.5
I would suggest you to hold on to long,(tgt 17.5) do not square off this at this target, let your longs run for you.
Stop loss 15.35 (Do not use this in first 30-45 minutes of trading)
But use this stop loss very strictly.
You can sit and relax if breaks above 17.5
Do not think of squaring off your postion if braks above 17.5

Rgds,
Dabasbull

ASHOK LEYLAND FUTURES

Posted by : dabasbull

Thanks for finding time and writing this. Can you please share your portfolio? I don`t have anything in my portfolio. I am trading market these days. I will slowly accumulate stocks as I make profit in my trading.

Thanks,
Dabasbull

ASHOK LEYLAND FUTURES

Posted by : vkk43

Of course you have to be strong if you want to survive in the market. Strong in the sense that you can patiently wait for the market to revive. There is no doubt that this market will revive again and we will be able to cross last high of 21K also but it will take its own time and I am not in a position to tell you now at least as to when it will be able to do so.
If your investment has been in right and strong shares and at right level, you need not worry at all, you will make profit but it may take sometime.
You should not borrow and invest in the market. That is a thing you must avoid as otherwise you lose on two sides - one on account of interest and second due to market fall.
You must invest only in fundamentally strong shares and should not invest on any tips. Investment on tips can give you profits sometimes, but most of the times you are bound to lose.
Invest only that money which you do not need for 3-5 years. If u keep yr investment horizon of 3-5 years, you may not feel pain of making losses unless yr investment has been in wrong scrips and at unreasonable levels in last bull run.
So in nut shell, invest in the market in a disciplined manner for LT in sound and strong companies at reasonable levels and thereby chances of making money are more.

ASHOK LEYLAND FUTURES

Posted by : dabasbull

Dear Sir,

You are a veteran trader, can you give some pshychological advice which can be useful? I feel psychological you need to be very strong if you want to survive/beat the market.

Rgds,
Dabasbull

ASHOK LEYLAND FUTURES

Posted by : vkk43

And so also to you.
Thanks.

ASHOK LEYLAND FUTURES

Posted by : dabasbull

Thank you and wishing you multifold return in this year.