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  • Hitendra Vasudeo

    11 Oct - 04:00hrs

    What are technical indicators suggesting?

    Hitendra Vasudeo Technical Analyst, Vasudeo Investments

Posted By: Hitendra Vasudeo

: good afternoon

Posted By: guest:

Oil GAS sector which stocks you suggest for long term

Posted By: Hitendra Vasudeo

: expect profit booking pressure across the sector and market. but may look at petronet on correction- further may look at hpcl and bpcl on correction

Posted By: guest:

suggest few bank stocks for long term

Posted By: Hitendra Vasudeo

: private sector banks still hold strong trend in comparison to public sector banks. HDFC BANK preferred on correction will continue to outperform with 5-8% correction swing.fedral bank, kotak bank can also be looked at on correction

Posted By: guest:

Bought Lupin at 1400- Can I HOLD or Book loss? Please suggest I hold Minda Ind since last 1 year. Can I HOLD or SELL? I can hold for 1-2 Yrs. Please suggest.

Posted By: Hitendra Vasudeo

: Lupin currently in long term down trend and should short term pullback from lower level of 917. If you are long term investor and willing to hold the panic lower level could still be for accumulation. yes, you may seen returns but once up trend is resumed then returns will show up. trend is down and may test back 917 or 843. the level of 843 is 61.8% retracement of its historical rise from since year 2005 to 2015. stochastic exit oversold zone on monthly chart so can hold and accumulate at current and keep room to add at 917 and 843 as and when the opportunity arises. since you are 1-2 years investors accumulate on decline.

Posted By: Hitendra Vasudeo

: Minda you may take profits if available.

Posted By: guest:

i have put of nifty 10000 dec. series @ 200 what should i do?

Posted By: Hitendra Vasudeo

: Today, we possibly have made a swing top therefore no idea if taking dec series could be correct choice. from chart perspective need to understand that 10000+ is strong resistance and till new breakout is not happening. sustainability at higher level will be an issue. support for near term of 9695 can be critical if any time 10000 dec call has to be in profits situation. as violation strong below 9695 could spell out deeper trouble. time factor which may keep cash up faster. we are still in October thing about December could be an issue. activity level always in current month therefore demand and supply equation current does permit to look at 10000. as call means you are willing to shell RS 200 premium. currently the objective in current scenario could be exit.unless ready to take chance to wait and see. overall trend is still up for nifty. but options always issues due to time factor

Posted By: guest:

I have bought 5 lots of DrReddy Lab.2500CE @44 SL @26.Whether I should book losses or wait for the stock to rise to 2530-2550 levels as per your suggested targets.Just advice.

Posted By: Hitendra Vasudeo

: do not support the view of taking call and working on dr reddy - from stock price view- band of movement 2270-2500.currently not expecting vertical move above 2620. resistance gap is at 2500-2620 which is the major resistance therefore long position and providing returns could be questionable for near term to short term.

Posted By: guest:

Whats your view on Goa Carbon, Rain Industries, Graphite and HEG?

Posted By: Hitendra Vasudeo

: goa carbon if long hold - no new entry suggested. RAIN- if long take partial profits.graphite if long then take partial profits.heg if long then take partial profits. no new investing position is suggested as a result of the vertical rise. from trading angle. previous day low must not be violated. can work as SL for any long

Posted By: guest:

Whats your view of the markets in the near term?

Posted By: Hitendra Vasudeo

: For Near term objective remains to exit long till 10178 is not crossed. today move suggest the possibility of swing top which will be lower top in relation to 10178. Profit booking is more a dominant view broadly with some selective stock wise out performance. Rise generally will lead to a trapping situation for near term to short term long traders like the move of today. the band of volatility can be 10178 to 9695. major directional movement is outside the band

Posted By: guest:

Sir, I bought Reliance Home @ 104- Please suggest hold or sell. I may hold for one year easily.

Posted By: Hitendra Vasudeo

: the data for charts is limited to make a comment. weakness will continue below 85. resistance will be at 102-112. - for 1 year cannot comment on account of 1 year time.

Posted By: guest:

I have bought Reliance Home @ 104- and may hold one year. Please suggest I I may hold or sell.

Posted By: Hitendra Vasudeo

: strength will be seen above 113 and till then rise could be to exit long from 104-113 or hold with sl 84 from current available price data of few days.

Posted By: guest:

Whats your view on bank nifty after todays fall.

Posted By: Hitendra Vasudeo

: today fall is a concern. support will be at 23935 and 23609. the same is likely to tested in near term. upside can resume if today high is crossed above 24478. The 89ema is at 23927 and last bottom was 23609. today fall put question mark of the rise unless we see immediate rise and close above 24500. traders objective could be to sell on rise for near term till 24500 is not crossed and find support at 89 ema and last bottom 23609. lower top appears to be in place and if tomorrow a lower high and lower low in relation to today high will with bearish candle will confirm the swing lower top tomorrow. after today fall tomorrow can be critical from that angle.upside resume only above 24500

Posted By: guest:

Can you please share your outlook on markets in the near term?...thanks

Posted By: Hitendra Vasudeo

: Nifty band of movement is 10190 to 9696. bearish candle today after 7 days of higher low and higher high put the break on the rise. expect 89 ema of 9814 to last bottom of 9695. upside resume only on rise and close above 10085 and till then exit long on rise

Posted By: guest:

I hold Minda Ind since last 1 year. Can I HOLD or SELL? I can hold for 1-2 Yrs. Please suggest.

Posted By: Hitendra Vasudeo

: minda avoid and exit if long

Posted By: guest:

Bought Lupin at 1400- Can I HOLD or Book loss? Please suggest

Posted By: Hitendra Vasudeo

: minda on weekly has done a H*S pattern plus trend line breakdown today therefore objective remains to exit long

Posted By: Hitendra Vasudeo

: for lupin you asked for 1-2 year therefore suggest to accumulation on fall. but if you can not ready for gestation period then try to exit . higher range for exit can be 1110-1229.the lower top is 1229 major reversal confirmation will be above 1229 and till then objective for short to medium term investors remains to exit whereas super long term passive investors may accumulation of correction as mentioned in earlier message

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