Moneycontrol

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  • Ruchit Jain

    17 Aug - 04:00hrs

    What's good investment now?

    Ruchit Jain Equity Technical Analyst, Angel Broking

Posted By: guest:

sir, with 2-3 years view, which of following are good stocks for fresh investments at current levels? LT, Reliance, SBI, HDFC Bank, HDFC, Eicher, Bajaj Auto, Tata Steel, Hindalco, Tata Chemicals, Ultratech Cement, Bajaj Finance, Bajaj Finserve. Sir do you suggest any other stock for 2-3 years view?

Posted By: Ruchit Jain

: All the given stocks have participated in the recent bull run. From a 2-3 years perspective, these stocks should continue their uptrend. Hence, instead of selecting particular names from these, you can diversify and invest equal amount in all the given names.

Posted By: guest:

tata motors view?

Posted By: Ruchit Jain

: Within the Auto space, this has been a big underperformer in the recent past. The long term support is placed around Rs. 355. We may now see a consolidation phase in Tata Motors for next couple of months.

Posted By: guest:

WHAT LEVEL NIFTY CAN TOUCH IN AUGUST SERIES AND WHAT ABOUT HOCL, UNITECH NMDC

Posted By: Ruchit Jain

: 9950-9965 is a stiff resistance for the Nifty for August series. Unless it is crossed, there is a higher probability of a correction in the index upto 9750-9780

Posted By: guest:

i am looking at Ashok Leyland, Rain industries and JK associates.. ur expert views on these shares.

Posted By: Ruchit Jain

: The longer term charts are bullish in Ashok Leyland. Although, the stock could consolidate in the broad range of 98-110 in near term. Prices of Rain Ind. has rallied significantly in last few months. The momentum readings on monthly charts are in overbought zone and hence, the prices could consolidate for next few months. Partial profits should be booked on long positions if any.

Posted By: guest:

can you tell me about NALCO upcoming target and sintex industries long term prospective

Posted By: Ruchit Jain

: The near term resistances for NALCO are seen around 74 and 78. Sintex Ind. has limited history on charts post demerger. Hence, it is advisable to take a view from a fundamental analyst on the same.

Posted By: guest:

Hi Ruchit, I am new to this segment. just want your expert advise on which shares to buy for short term.

Posted By: Ruchit Jain

: The index is expected to show some time correction in near term. Hence, you can wait for resumption of uptrend for trading. Although, NTPC and Petronet are few names which look positive from a short term perspective.

Posted By: guest:

what is your view on CDSL?

Posted By: Ruchit Jain

: CDSL has limited history on charts as it has recently listed. Hence, it is advisable to take a view from a fundamental analyst on the same.

Posted By: guest:

Hi, Could you let me know 3 yr target of Infosys and L T Finance. Regards

Posted By: Ruchit Jain

: It is difficult to give a target projection from a 3 year perspective. INFY has consolidated in a range since many months now. A breakout above 1040 (higher end of the range) could lead to an upmove upto 1175-1190 in few months. The target projections for L&TFH are 180 and 204 .

Posted By: guest:

i am holding 500 shares of south india bank ltd @ Rs. 26- 30 shares of MOSL bought @ Rs. 330- each what are the future prospects of the cos.

Posted By: Ruchit Jain

: Both the stocks are in an uptrend on long term charts.You can continue to hold both the stocks from a medium term perspective.

Posted By: jhakunal1994:

i have 2000 shares of GMR @21.2 should I book loss after todays movement or wait.... and also ur view on manappuram finance.. Tks!

Posted By: Ruchit Jain

: Hold GMR with a stop loss below Rs. 15. Manappuram is likely to underperform the midcap space in near term. The supports for the stock are placed around Rs. 81.50 and Rs. 75.

Posted By: ganesh23-2015:

I HAVE BAUGHT RCF @RS 75 , 250 QTY , WHAT TO DO SHOULD I WAIT OR EXIT

Posted By: Ruchit Jain

: Hold RCF with s stop loss below Rs.87. As the prices move higher, you can follow a trailing stoploss method.

Posted By: guest:

WHAT IS YOUR VIEW ON CDSL?

Posted By: Ruchit Jain

: CDSL has limited history on charts as it has recently listed. Hence, it is advisable to take a view from a fundamental analyst on the same

Posted By: bhav_23:

Your views on Gail and DishTV froma 3-5 year perspective?

Posted By: Ruchit Jain

: Positive on GAIL from a long term perspective. Although, Petronet is another stock which could show outperformance. DISH TV has been an underperformer in the recent past and there are no signs of reversal yet.

Posted By: guest:

what are the few unpredictable stocks ,in terms of growth?

Posted By: Ruchit Jain

: It is advisable to take a view from a fundamental research analyst on the same.

Posted By: guest:

do you think to buy SBI

Posted By: Ruchit Jain

: SBI should be accumulated on declines from a medium to long term perspective. The long term supports are 258 and 240.

Posted By: guest:

View on RBL bank?

Posted By: Ruchit Jain

: The stock is in a consolidation phase since last couple of months. This seen to be a time correction within a long term uptrend

Posted By: guest:

your views on INEOS styrosolutions and Gloster Jute for long term

Posted By: Ruchit Jain

: Both are low volume stock and hence Technical Analysis Theories cannot be applied on the same. It is advisable to take a view from a fundamental research analyst.

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