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  1. PRASAD Says:
    June 26th, 2013
    Posted at: 9:46 pm

    What is future prospects of Tata Steel? Can I Tata Steel now?

    Kartik, replies: Hi PRASAD, Yes, can be shorted, it looks weak overall below 270

  2. PRASAD Says:
    June 26th, 2013
    Posted at: 9:47 pm

    Also give 2-3 large cap stock, Safe bets at current level.

    Kartik, replies: Hi PRASAD, Yes, can be shorted, it looks weak overall below 270

  3. srp Says:
    June 26th, 2013
    Posted at: 10:05 pm

    Hello kartik, holding bgr@172 and hind copper @ 155. want to switch to another stock which will surely deliver good returns in next 2-3 years. kindly suggest??

    Kartik, replies: Hi srp, the 2 mentioned bets are strong fundamentally, if possible conitnue to hold them for long term and avg them out on dips

  4. S.BHUVANA Says:
    June 26th, 2013
    Posted at: 10:06 pm

    Sir ,

    With your wealth of experience can you kindly guide me which among the following has the highest probability of being the future course for NIFTY :

    1) NIFTY takes support around 5500 give or take 50 points and rises back to 6000 + in the next 3-4 months

    2 ) NIFTY takes support around 5500 give or take 50 points and meanders in the range between 5500 - 5850 for the next 6 months or till the elections

    3 ) NIFTY breaks 5500 finally and we slide / waterfall to 5200 - 5100 or maybe even lower and NIFTY stays sub 5000 till the elections .

    Kartik, replies: Hi S.BHUVANA, if we break 5500 and settle below it for a couple of days, seems cwe can see lower levels of 5200, 5500 acts as a strong support level

  5. reema Says:
    June 26th, 2013
    Posted at: 10:08 pm

    icici and sbi tomorrow

    Kartik, replies: Hi reema, they are likely to open lower with the markets and seems can give a bounce later during the day

  6. Kartik Says:
    June 26th, 2013
    Posted at: 10:17 pm

    Hi nitin salhotra, 5650? we are likely to open lower and seems can give a bounce later during the day, dont enter PE at opening

    Hi rkb, most welcome

    Hi reema, they are likely to open lower with the markets and seems can give a bounce later during the day

    Hi S.BHUVANA, if we break 5500 and settle below it for a couple of days, seems cwe can see lower levels of 5200, 5500 acts as a strong support level

    Hi srp, the 2 mentioned bets are strong fundamentally, if possible conitnue to hold them for long term and avg them out on dips

    Hi PRASAD, nothing new for now, Balmer Lawrie & Co. looks good for long term at current levels

    Hi PRASAD, Yes, can be shorted, it looks weak overall below 270


  7. MNRao Says:
    June 26th, 2013
    Posted at: 10:34 pm

    Dear Kartik,

    Good Evening, I had Chambal Fert. 100nos @53/-, it is continuously falling. It seems 29.35/- is the 5Yr low. Shall I wait or sell. Please advice.

    Kartik, replies: Hi MNRao, would be better to exit 50% from it, hold the rest for long term, seems may take a while to recover

  8. S.BHUVANA Says:
    June 26th, 2013
    Posted at: 10:35 pm

    Sir ,

    Thanks for your reply . I think it is now almost everybody's understanding that if NIFTY breaks 5500 which is a strong support then we will fall to 5100- 5200 . But my question to you was what is your gut feel , with your wealth of experience in the market whether 5500 will hold or will break . Just your gut feel .

    I know i am asking you to stick your neck out for something that can go either way , just wanted to benefit from your long experience and plan to add a few longs around 5500 knowing fully well that we need to exit if it does not hold .

    I have come to trust you since you advised me correctly about avoiding longs in LIC Housing Finance ( strong resistance at 270 was your advise when it was 263 ) and your advise to avoid longs in Dr Reddys ( strong resistance at 2130 was your advise at 2120 ) . I have exited both longs and benefitted from your correct advises .

    Hence my desire to fall back on your advise at this confusing 5500 level !

    Pl help .

    Kartik, replies: Hi S.BHUVANA, considering the falling $ and weak global ques, it seems the level may be broken, but it may take a while before its taken out

  9. Bob Says:
    June 26th, 2013
    Posted at: 10:49 pm

    Shorting Jsw steel
    Asian paint
    Sun tv
    Or
    Buying
    Cipla
    Indusind bank
    Rcom

    Which is the best bet as of intraday sl target

    Kartik, replies: Hi Bob, Rcom above 110 looks good, can be entered with a SL at 109 for a few days, Asian paints can be shorted if it breaks 4450 (support)

  10. smile Says:
    June 26th, 2013
    Posted at: 10:54 pm

    GOOD EVEN KARTIK/CB... holding SBI JULY LOT @ 1950.00 . IT seems mrket may open gapdown.. so SBIN can also open down.. what is the support level for SBI? CAN I ADD ANOTHER LOT INTRADAY ?

    Kartik, replies: Hi smile, avoid adding more, we may open lower tomorrow and see some recovery later during the day, try to exit from it on rise

  11. Bob Says:
    June 26th, 2013
    Posted at: 10:58 pm

    Wish to short Asian paint with 4530 sl in June future can I sl target I traday

    Kartik, replies: Hi Bob, Rcom above 110 looks good, can be entered with a SL at 109 for a few days, Asian paints can be shorted if it breaks 4450 (support)

  12. S.BHUVANA Says:
    June 26th, 2013
    Posted at: 10:59 pm

    Sir ,

    Thanks for your advise about the 5500 level . So now I will add longs in small and distributed steps spread over several weeks instead of a rush to put in all the margin in the 5500 - 5475 range in 1-2 d day with stop loss at 5400 as i was planning earlier .

    Thanks very much for your advise sir .

    Kartik, replies: Hi S.BHUVANA, most welcome, play safe in options

  13. Priyanka Says:
    June 26th, 2013
    Posted at: 11:08 pm

    hello,
    at what levels can I buy tataglobal and titan??
    thanks...

    Kartik, replies: Hi Priyanka, if planning to enter for short term, wait for a couple of days until markets settle

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