Feb 09, 2013, 01.22 PM IST
The market is gearing up for key earnings results next week including from Tata Consultancy Services Ltd (TCS) , Reliance Industries Ltd and ITC Ltd. Inflation data is also expected on Monday.
Sensex closed 24.21 points down at 19639.34 on Friday. Nifty ended the week with a loss of 17.35 points or 0.29% at 5951.30. The market is gearing up for key earnings results next week including from Tata Consultancy Services Ltd (TCS) , Reliance Industries Ltd and ITC Ltd. Inflation data is also expected on Monday.
So, as we roll into one of the important weeks of the year, Moneycontrol.com got Hitendra Vasudeo, Technical Analyst to answer the stock queries you sent us on our Facebook page as part of KYI (Know Your Investment). Check out his comments.
Sweetyy Singhal: What are your top picks for 2013?
Chandra Sekaran A R: What to buy in cash segment now?
POLARIS Buy above 121 Stop loss 112 Buy On Decline 117.6 & 115.4 Target 132.4 & 135.6 CMP 120.3 date 11/1/2013 time 7.26 pm Time Frame 15 days or more
Sanket Bathia: What is your call on Tata Motors ?
For short term traders and investors stop loss is 312 to hold long position.
Pushpa Bhanushali: What about Steel Authority of India ( SAIL )?
Extreme near term traders can use rise from current level to 102 can be used to exit long. Re-enter long if the close is above 102.
Vic Kumar: What is your call on Housing Development Finance Corporation ( HDFC )?
Extreme near term to short term traders can exit long on rise to 809-882 range as the opportunity arises. Lower range can be used to accumulate the stock.
Rohit Vadak Deshmukh: What about Hindalco Industries ?
Syed Moinuddin: What is your call on Bharti Infratel ?
Madhavi Km: What is your view on Reliance Capital ?
Prabhat Manohar Tamhankar: What about Suzlon Energy ?
Bruno Dsouza: Is it the right time to buy Marico ?
Vishnu Mohan: Can I buy South Indian Bank now?
Sam Nanwani: What about Central Bank of India and Housing Development and Infrastructure ( HDIL )?
DISCLAIMER: Trading and Investments decision taken on our consultation are solely at the discretion of the traders/investors. We are not liable for any loss, which occurs as a result of our recommendations. While we are not soliciting any action based upon this information. Neither, Hitendra Vasudeo, Vasudeo Investments, www.stockmechanics.com , nor any of its employees shall be responsible for the contents. We, may from time to time, have positions in, or options on, and buy and sell securities referred in our reports. Technical view for buying and selling are based on probability. We do not know about result which we expect, will deliver or not. Therefore, stop loss is given to minimize risk. Violation of stop loss or change of trend may lead to heavy losses, so following stop loss is essential. Those who cannot manage risk well and cannot follow stop loss please don't implement the view provided. they are only a guide and to provide an idea and not end in itself to make money. Every person who intends to follow the view and indication has to manage your own risk and has to understand the loss that can incur if the view fails to materialise as indicated.
Action in Hindalco Industries
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