• Nirmal Bhattacharya November 20, 2010, 07:25

  Hi Nooresh,

  As I said earlier, I have started starred buying LOKESH Machins, Ballerpur, IDFC, Reliance. Do you suggest any other stock which is for Long Term Investment. What is your view abour Excel Corp Care ?

  Thanks,

  Nirmal Bhattacharya

  Reply
  • nooresh November 21, 2010, 10:48

    Hi Nirmal,

    Continue to accumulate the above slowy. i would suggest HUL to be in the list. Excel Crop shd wait for declines

    Reply
• Rajesh November 20, 2010, 09:02

  Hi Nooresh,

  Is there any panic being created sue to political issues going round?
  I think in such cases supports, resistances, stop losses do not work.

  Also, any stop loss for IDFC for medium term.

  Regards,
  Rajesh

  Reply
  • nooresh November 21, 2010, 10:47

    Hi Rajesh,

    Yes in such cases we see panic and stoplosses being hit. For the record we made quite a few losses this week.

    IDFC got stopped out at 190 which was a 7% hit.

    Looking for a fresh entry at 180-184 stoploss 175. I remain very bullish on the counter and may surge a fast cmeback with markets.

    Reply
• Imtiyaz November 20, 2010, 21:08

  Hello Nooresh,
  I am still holding nifty bought at 6153. Its december future. I have hedge that by selling few calls.

  Will you please let me know your views on Airtel for next week?
  I think its looking very strong.

  Reply
  • nooresh November 21, 2010, 10:31

    Hi Imtiyaz,

    We got a stoploss hit and a bad hit on friday. Index now has 2 options either it pauses at 19200-19350 or goes to 18500-18700 so its a difficult call to take.
    Wait and watch is the view now and have suggested to cut 30-40% position as to reduce risk and re-enter on declines

    Reply
• PRAVEEN KUMAR November 21, 2010, 14:32

  HI NOORESH,
  I HAVE 10K MLL @ 70 AND I WANT TO KNOW WHAT WILL BE THE BEST RATE TO AVERAGE THE STOCK AND WHAT IS THE FUTURE PROSPECT OF THE STOCK .I CAN HOLD FOR 3 MONTHS FROM NOW

  Reply
  • nooresh November 22, 2010, 14:43

    Hi praveen,

    Not tracking it closley

    Reply
• Gaurav November 21, 2010, 20:47

  Hey Nooresh,

  How is NCJ International looking from a 2 year perspective?

  Cheerz
  Gaurav

  Reply
  • nooresh November 22, 2010, 14:42

    Hi Gaurav,

    Not heard of that stock. Can u give the code

    Reply
    • Gaurav November 22, 2010, 22:01

      Here is the code –

      NCJ International Ltd. 511714

      Securities company now becoming a Real Estate company as well and coming up with projects in Greater Noida. I’m sure revenues will multiply.

      Reply
• nikunj November 22, 2010, 08:43

  Hi Nooresh
  last high in jan 2008 at 6357.10 & now high at 6338.5 on 5/11/10 is there inverted head &shoulder going to form in future

  Reply
• Mohan November 22, 2010, 11:32

  Hi Nooresh,

  As per your suggestion, I have invested in Ballarpur @ 40. It has reached 36.5 Should I buy more and avg the costs or it is time to sell it and book losses. I am ready to wait if this stock has medium to long term prospects. In similar situations are Lokesh machines and HUL. Can you give your opinion on these stocks?

  Reply
  • nooresh November 22, 2010, 14:39

    Hi Mohan,

    Add and remain invested for long term.
    Lokesh Machines and HUL view remains positive but slow mover.

    Reply

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