Article : ASK JATIN - 22/02/2008

                    ASK JATIN – 22/02/2008. 

Sir,

1.  I have 15 shares of Akruti Nirman ltd which I was alloted before 1 year @ 540.00
so should I hold them or sell them?
Please tell me the future prospects of the above company.
 
2. I had purchased 500 shares of Reliance Petroleum ltd @ 225.25, 2 months back
so what should I do with it. What is the target for Reliance Petroleum ltd in next 6-8 months?
 
3. I have 63 shares of Central Bank of India ltd, which I was allotted before 8 months @102.00,
but the company has not shown a good performance. What are the future prospects for the company?
 
4. I have allotted 45 shares of Cinemax India ltd @ 155.00 before 1 year and the current price is 100,
 so will I get the price above 155 or should I sell it in loss?
 
5. Can you please suggest some companies according to you which will give a good performance in this current year?
 
Please reply to me as soon as possible.

Suresh Jha.Mumbai.

JATIN Replies:

Hello Suresh, 

Akurti nirman: It went all the way to 1395 and corrected to 910. It is in good uptrend and overall chart pattern suggest that once consolidation is over and when the script closes above 1250, minimum target will be 1600 over a six months time period. Reliance Petroleum: There is strong resistance in the 195-200 range. Only when it is able to cross this range, you can expect your prices to come. Once it is able to cross the above mentioned resistance zone, immediate target will be 218, Central Bank of India: It has corrected all the way from the level of 150 to 70 and now it is in the bounce back mode, currently trading at the price level of 102. There is a strong resistance at the zone of 122-128 levels. We suggest you to shift to Centurion Bank of Punjab, which is fundamentally good and technically better. Or if you want to buy a mid size PSU bank, then you can buy Bank of India or Bank of Baroda. Cinemax India. This Script has already corrected from 179 to 92 levels. Technically, the script has formed a double bottom near 92 levels and has reversed its direction from there and this will act as a strong support for the script in the near future. The script is now under consolidation mode and immediately after consolidation, target will be 130-138. It will face strong resistance in the 130-138 zone and if it closes above this range, than we can expect strong uptrend.   

Thanks,

Jatin.

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Dear Jatin, 

I am regular reader of informed investor I got very good profits by reading your articles. Now I am holding 500 shares of Centurion bank of Punjab. Please give me advise shall I hold this share and how much is target.Thanks and Regards,

Santosh Sawant.

JATIN Replies:

 Hello Santosh,I am glad to know that you are regular reader of Informed Investor and you are benefited by our recommendations. There is a rumour in the market that HDFC Bank is taking over or buying a stake in Centurion Bank of Punjab which may give good push to its stock prices.It is facing strong Resistance around the level of 64. Above 64, it will run into strong resistance near 75 and if it manages to close above 75, it can go on to achieve target of 90-93 in the in long term. Hold the script for long term.Thanks and Regards,

Jatin.

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   Dear Jatin,Whether Intra day Trading is Beneficial to Retired Person. I am retired so please give me Reply.

AB Surve. 

JATIN Replies:

 Hello Mr A.B. Surve,In Intra Day trades, you need to book your profits or losses very fast and many times you have to book losses more often than profits. Success ratio in Intra Day Trades is very low. I don’t suggest for the Intra day Trades. If you want to trade for short term than you should go for Target oriented Positional Trades where success ratio is comparatively higher. Thanks and Regards,

Jatin.

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