'The rally should be led by the liquid A group stocks'
Ramesh S Damani says the markets are oversold and expects a technical rally.
Mr Ramesh Damani (Wed May 24 19100 5:55 IST)
Hello everyone - thanks for joining in, let's start.
udeshi (Wed May 24 19100 5:32 IST)
whether ACC & Guj. Ambuja Cements are good buys and please comment about the future of good economy stocks.
Mr Ramesh Damani (Wed May 24 19100 5:56 IST)
udeshi - cement looks good. Mergers and valuations are compelling.
MONI KANTA SEN (Wed May 24 19100 5:36 IST)
WHETHER I SHOULD HOLD SHARES OF DSQ BIOTECH LTD WHICH I HAVE PURCHASED FOR RS 320 A SHARE? PLEASE ALSO COMMENT ON THE COMPANY.
Mr Ramesh Damani (Wed May 24 19100 5:56 IST)
moni- i am not a fan of DSQ Biotech. I would personally sell.
nolo (Wed May 24 19100 5:41 IST)
are you bullish on infosys for tomorrow
Mr Ramesh Damani (Wed May 24 19100 5:57 IST)
nolo- yes. I think your benchmark stock should rally.
nolo (Wed May 24 19100 5:42 IST)
what led to the last minute crash in ITC today
Mr Ramesh Damani (Wed May 24 19100 5:58 IST)
nolo - some last minute selling. I expect the stock to be firm tomorrow. Results were excellent.
nolo (Wed May 24 19100 5:47 IST)
where do you see the market heading this week
Mr Ramesh Damani (Wed May 24 19100 5:58 IST)
nolo - markets should have a technical rally. They seem vastly oversold.
RAHULJI (Wed May 24 19100 5:47 IST)
LAST DAY OF CALCUTTA TODAY INSTEAD OF TOMORROW, HENCE SELL OFF IN ITC
Mr Ramesh Damani (Wed May 24 19100 5:59 IST)
rahulji - on itc. Hardly any long positions exist. Just 130,000 long in Bombay.
salam (Wed May 24 19100 5:48 IST)
will L&T, MTNL, M&M move up in the coming week
Mr Ramesh Damani (Wed May 24 19100 5:59 IST)
salam- maybe. Look at cement stocks
salam (Wed May 24 19100 5:56 IST)
will the Old Economy stocks shine in the coming weeks
Mr Ramesh Damani (Wed May 24 19100 6:0 IST)
salam - rally should be led by the liquid A group stocks like Infosys, SSI etc.
RAHULJI (Wed May 24 19100 5:55 IST)
TISCO---ANY VIEWS??? ANY TARGETS?? ANY STOP LOSS???
Mr Ramesh Damani (Wed May 24 19100 6:1 IST)
rahulji - tisco could have a small rally.
sundar (Wed May 24 19100 6:0 IST)
What is your view on the economy Mr Damani?
Mr Ramesh Damani (Wed May 24 19100 6:1 IST)
sundar - economy is in trouble. We need second generation reforms.
RAHULJI (Wed May 24 19100 6:0 IST)
WARTSILA---ANY NEWS OF IT GETTING ORDERS WORTH SOME mn $ ????
Mr Ramesh Damani (Wed May 24 19100 6:2 IST)
rahul - no news on wartsila
RAHULJI (Wed May 24 19100 6:2 IST)
WHY HAS RELIANCE GONE FOR BSES AND NOT FOR TATA POWER @ 50--???
Mr Ramesh Damani (Wed May 24 19100 6:3 IST)
rahul - because of the name TATA. Corporate gentleman games. they also own 14.85 % of BSES vs 0% for Tata Power.
sundar (Wed May 24 19100 6:3 IST)
Is the stock market the place to be in if the economy is in trouble? What stocks do you recommend?
Mr Ramesh Damani (Wed May 24 19100 6:3 IST)
sundar- tech once more.
RAHULJI (Wed May 24 19100 6:4 IST)
NEWS THAT =RELIANCE ARE SELLING SHARES OF L&T—50LAKHS---ARE THEY SELLING AT THIS RATE@180-~~~90CR-----THEY SHOULD HAVE SOLD AT @600 ISNT IT???-----300CR
Mr Ramesh Damani (Wed May 24 19100 6:4 IST)
rahul - i have no idea what Reliance treasury does.
sundar (Wed May 24 19100 6:4 IST)
I have bought some Silverline at 380. what do you suggest?
Mr Ramesh Damani (Wed May 24 19100 6:5 IST)
sundar - buy the leaders in software. Correction is a heaven sent opportunity
RAHULJI (Wed May 24 19100 6:4 IST)
McDOWELL------IS IT A BUY??
Mr Ramesh Damani (Wed May 24 19100 6:6 IST)
rahulji - mcdowell looks okay to me.
RAHULJI (Wed May 24 19100 6:6 IST)
RELIANCE (SAY)—NET SHORT SALES 10LAKH >>>NET LONG PURCHASES 8LAKHS==AS OF TODAY==WHAT DOES THIS INDICATE??
Mr Ramesh Damani (Wed May 24 19100 6:7 IST)
rahul - go long in reliance for a technical trade with that kind of a position. Though only technically.
smita (Wed May 24 19100 6:7 IST)
What do you think of M&M, Bhel, L&T and ABB?
Mr Ramesh Damani (Wed May 24 19100 6:7 IST)
smita - l&T, ABB look good.
RAHULJI (Wed May 24 19100 6:7 IST)
MCDOWELL TRADING BUY OR DELIVERY BUY?
Mr Ramesh Damani (Wed May 24 19100 6:8 IST)
Rahul McDowell is a delivery buy.
vikas (Wed May 24 19100 6:8 IST)
FII investments have slowed down and on somedays it is minus. Asia is not too exciting either. Do you see FIIs reducing India exposure?
Mr Ramesh Damani (Wed May 24 19100 6:9 IST)
vikas - very likely. MF redemption pressure.
RAHULJI (Wed May 24 19100 6:9 IST)
BSES ALSO --SHORT>>LONG AS OF TODAY --AND IT WAS AT THE CIRCUIT!!!!--IS IT BUY
Mr Ramesh Damani (Wed May 24 19100 6:10 IST)
rahul - i have not seen BSES technical position. If RIL is buying it at 240, why pay 270.
vikas (Wed May 24 19100 6:9 IST)
what will happen to the market then?
Mr Ramesh Damani (Wed May 24 19100 6:10 IST)
vikas - look for a strong technical rally from tomorrow
sundar (Wed May 24 19100 6:11 IST)
Do you see a 50 per cent gain in tech in three-six months?
Mr Ramesh Damani (Wed May 24 19100 6:11 IST)
sundar - maybe. Just maybe. 50% rise from the bottom.
vikas (Wed May 24 19100 6:11 IST)
no, i meant if FIIs start selling, what will happen to market
Mr Ramesh Damani (Wed May 24 19100 6:12 IST)
vikas- if FII's sell very aggressively it could be trouble.
RAHULJI (Wed May 24 19100 6:11 IST)
SO SHORT SELL TOMORROW!!!! BSES
Mr Ramesh Damani (Wed May 24 19100 6:13 IST)
Rahul - I do not recommend short selling generally. It's for professionals only. Be careful.
arun (Wed May 24 19100 6:14 IST)
What are the best b group stocks?
Mr Ramesh Damani (Wed May 24 19100 6:15 IST)
arun - again tech and some special situations stocks like Bharat Electronics.
salam (Wed May 24 19100 6:16 IST)
WHAT ABOUT BAJAJ AUTO
Mr Ramesh Damani (Wed May 24 19100 6:17 IST)
salam - buy it and hope your shares are accepted in buyback
cowboy (Wed May 24 19100 6:16 IST)
What will happen if nasdaq falls anopther 200 points today?
Mr Ramesh Damani (Wed May 24 19100 6:18 IST)
cowboy - it can but i doubt it. Sometime in the next 5 days NASDAQ should have a 200-250 point rally. Bad news is well discounted.
Mr Ramesh Damani (Wed May 24 19100 6:18 IST)
any last question friends
rahul (Wed May 24 19100 6:18 IST)
raymond –after selling its CEMENT div & also will be selling its STEEL div –REDUCING ITS DEBT----RAYMOND IS LEFT WITH "SINCE 19__" !!! INDIAN RAYON -- FALLS IN THE SAME CATAGORY YOUR PICK-----"RAYMOND" OR "INDIAN RAYON" ????
Mr Ramesh Damani (Wed May 24 19100 6:19 IST)
rahul raymond
salam (Wed May 24 19100 6:18 IST)
can i buy icici now
Mr Ramesh Damani (Wed May 24 19100 6:19 IST)
icici - mr kamath is shaping up to be a visionary. I would look at ICICI.
rahul (Wed May 24 19100 6:19 IST)
VOLTAS ===FROM 35 TO 142 & NOW AT 29==WILL IT REACH 142 AGAIN
Mr Ramesh Damani (Wed May 24 19100 6:20 IST)
rahul - negative on voltas. Look at carrier??
rohit (Wed May 24 19100 6:18 IST)
what do you think of hero honda and tvs suzuki
Mr Ramesh Damani (Wed May 24 19100 6:20 IST)
rohit -tvs and hero honda are good defensive stocks
Mr Ramesh Damani (Wed May 24 19100 6:21 IST)
Thanks for joining in. See you next week. Have a prosperous week.
ALSO SEE
"The road to Dalal street is littered with broken dreams"
''Let's hope it holds at 4200''
''It was a financial Disneyland that corrected''
'Sensex levels above 5100 are not sustainable over next 4-6 weeks'
'We are in an intermediate bearish phase'
'Wait till the NASDAQ stabilises'
'Tech boom is for real'
'Watching the NASDAQ is faddish'
'The market looks ready for a rally'
'The market still lacks conviction'
'The market is falling of its own weight'
| 
