Hi Cb!
Today market up but Marksans Pharma down circuit, so tomorrow we expect any green in this share price.

Hi gbhat, BALMLAW looks good, as Infy has already rallied quite a lot

Hi ravi saboo, they are likely to give a short covering rally in the 1-2 days time, try to exit on rise

Hi aditya24, most welcome

Hi ramsingh, its seeing profit booking, as I mentioned earlier, its safe to book profits on rise, for now, try placing a sell order tomorrow

Hi byamal, LT can see 819 and bata around 880

thanks kartik

can sundaram be brought at current levels looks like to be cheap stock

Hi Kartik,

One lot long in Power grid today. Where to square off?

Thanks

Sir ,

To one of my earlier Query of IDEA August futures you had recommended a buy at 155 with scope for 10- 15 % rally meaning it can go up to 170 - 178 .

After my purchase at 156 I asked you two queries earlier today but looks like you havent replied them entirely :

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My queries were :QUERY 1 can I hold the IDEA August futures till expiry or is it to be booked sometime earlier ?

QUERY 2 :Also is it a good idea to hold it till the next quarterly results in November or is it risky due to election announcements ?
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BUT your reply was :

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CB, replies: Hi S.BHUVANA, yes, technically does look good. hold for now. can see 160 again .
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I feel " can see 160 again " seems to be difficult for me to understand . It saw 160 today itself because it had a high of 161.75 . So does it mean in the near term say till August future expiry it cannot even cross 160 ?

Its recent high after the Quarterly results was around 178 and 160 is a good 11 % lower than that and is not retracing even 25 % of the fall from 178 to 153 . If so the stock is certainly not bullish at all and we should not have taken a long position in it all at this juncture of 155 .

Not that I am criticising your recommendation since I have started profiting from the market only after I joined your columns but I feel we should buy a stock or future only when it has corrected so much that at least a 50 % retracement is on the cards if not a newer high since inability to retrace even 25 - 50 % of the fall suggests only further LOWS for the stock and we should NOT buy such stock / future .

kindly comment on my observations and let me know if IDEA futures can see a newer highs or at least a price of 165- 168 till August expiry since I feel otherwise the risk of a fall is higher rather than the possibility of a price rise and the BUY at 155 may not have been such a good idea .

Once again sorry if I sound like a critic but I re-iterate that I have developed the highest regards for you two after having seen how PERFECT and SOUND your advises are . Just one example you stopped me from buying LIC Hsg futures at 256 one month back and today it is 160 and I CAN NEVER FORGET THIS .

Thanks...

tomorrow market sentiment

Hi Karthick, Please let me know the target and advise for Canara Bank (holding 3000) ; Sterlite Ind (2000) and Hindalco Ind (2000) bought @ higher prices.....should I exit or conntinue to hold for next 2 or 3 sessions?

Thanks