Moneycontrol

Chat Transcript

  • Sameet Chavan

    03 May - 03:00hrs

    Where do markets stand technically?

    Sameet Chavan Chief Analyst - Technicals & Derivatives, Angel Broking

Posted By: guest:

how do you read stock? what are the aspects you look in a company before you take the decision of buying the stock?

Posted By: Sameet Chavan

: Being a Technical Analyst, for me `Price` and `Volume` are two key components while picking up a stock. Then as per Dow Theory broader degree `Trend` matters along with several other technical indicators.

Posted By: kkkumar24:

sir ii have dbrealty share @48, what to do

Posted By: Sameet Chavan

: Hold with a strict Sl at 44. Upside you can expect towards 58 -60 over the next few weeks

Posted By: guest:

what about manappuram equity. i have bought 3500 @ 85.00 will i sold it now or hold

Posted By: Sameet Chavan

: if you are willing to take a risk then hold with a SL below 87 on a closing basis. You can think of existing around 102 - 104

Posted By: kkkumar24:

sir i also want to know about PNB AND jK BANK, WHAT are the next levels they can touch

Posted By: Sameet Chavan

: We have been quite upbeat on PSU banks since last one and half month. We continue to remain optimistic and clearly PNB has been our preferred pick. This stock has a potential to move towards 190 - 195 in few weeks.We do not track J & K Bank and hence will not be able to comment on it.

Posted By: guest:

I am abhinay from hyderabad. I have bought 5000 quantity of sms pharma @ 95 rs. Should i hold it or sell ? I have been waiting more than a year

Posted By: Sameet Chavan

: Generally we don`t track this counter considering its inconsistent volumes. Looking at the charts, i can only comment that you should hold this counter once the crucial support of 85 gets violated. Until then stay put and keep tracking whether the prices are able to move out of the upper range of 95

Posted By: guest:

What technical indicators we should use to figure out the trend and entry into the market ? Do you predict there will be correction in the market any time soon? How we should plan our investment into the current market?

Posted By: Sameet Chavan

: Trend can be defined with a `Higher Top Higher Bottom` structure. Traders with a medium term view should remain with a trend till the time this structure remains unbroken on weekly chart. Market is in a strong bull trend and we don`t expect any major correction soon in the market. It is evident to have such dull days and some minor profit booking, but overall structure remains sturdy and we expect the Nifty to gradually move towards 9600 first and then beyond 10k over the next few months. Traders need to be selective now in their stock picking as we can clearly see sector rotations in the market.

Posted By: guest:

what is the target of nifty end of may.

Posted By: Sameet Chavan

: It`s difficult to predict time wise targets but still we expect first 9400 being tested and then a move beyond towards 9600.

Posted By: guest:

I had Purchase Suven Life Science @ 155 Should Hold or Exit.

Posted By: Sameet Chavan

: Hold with a SL below 164 on a closing basis

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