Views on Ashok Leyland, Veer Energy & Rel Infra & More

Members Queries - Veer Energy


                  

Earnings - Decline - yoy basis , RoE - 2% , This business Segment is under stress - Suggest to book your profits - Or if you know future plans which waves diversification - take call

Relinfra - 

Stock has not participated in rally and showed divergence on Financial performance - 

Above Chart structure - Signifies - Declining momemtum and trading at historical support areas - 

On Diwali day - Stock  broke the support of - 457/ and managed to close below - 

Short term Support Now stands at - 440 / 436 band - 

Over all weak chart and could even test - 418 / 

Ashok Leyland

HDIL

HDIL -  Most of Oscillators  - Reflecting - Over sold territory - Lost volume interest taking toll on scrip  - Blue line below  - acting as - Ray of hope -Caution

Lakshmi Energy & Foods

Lakshmi Energy & Foods  - Gap full Filled - Made Double Bottom  - Buy - 29.10 - SL - 24 - Target - 37, 42, 47.  If it breaks below 24 then - the story will be over - i believe it should not - the risk reward is favorable - from here

[9:45 AM, 10/19/2017] Amit Sharma: What is your call on idea for this expiry
[9:48 AM, 10/19/2017] Puneet S. Marwah: Idea  - Got the re- rating from market - post announcement of approval merger with vodaphone  - Now has enough arms to stretch  the fight against JIO - Short term over heated  - Should make base of 85 for fresh entry - Targets 95 to 98


[9:48 AM, 10/19/2017] Prerana Gandhi: Your view on 3i info
[9:55 AM, 10/19/2017] Puneet S. Marwah: 3 i Infotech  - It has made a band  - and trading in range - 3.70 is Mid term support  should hold - this time  - Cracking and sustaining below - could attract stoploss- then support should be around  - 3.20  - _

 [9:51 AM, 10/19/2017] Binit Dalmia EqTech-46: Ganesha ecosystem
[10:00 AM, 10/19/2017] Puneet S. Marwah: \ Scrip is in symmetrical triangle formation and ready for either side movement - Low volumes at breakout is quite visible and stock is not able to hold above  - 399 /-  , It has prove the strength - Present chart structure is weak and reflects off loading scenario -

[9:59 AM, 10/19/2017] Ravi Kumar h t Haller EqTech-750: Punith sir vedantha expiry view sir
[10:00 AM, 10/19/2017] Puneet S. Marwah: Max can hit  - 343 /- Book there

[9:58 AM, 10/19/2017] Anuj Agarwal EqTech-166: Sir Manappuram is moving in a range? Any upside or should i book?
[10:01 AM, 10/19/2017] Puneet S. Marwah: It should only react above - 106.8 closing - till then its short term bounce - book atleast 50 %

[10:01 AM, 10/19/2017] Vikas Vikas EqTech-251: Punit Sir- view on Bohra industries
[10:02 AM, 10/19/2017] Puneet S. Marwah: waiting for first half yearly results - my target remains same - 80

[10:03 AM, 10/19/2017] Vyas EqTech-257: Sir I want Ur view in sintex plastic 
[10:09 AM, 10/19/2017] Puneet S. Marwah: Sintex  - plastic - its in distribution phase and any thing below  - 85 /- Could trigger should term fall  - not an attractive trade -

[10:08 AM, 10/19/2017] Rakesh Khandelwal EqTech-233: In axis bank fresh position
[10:10 AM, 10/19/2017] Puneet S. Marwah: 444

[10:06 AM, 10/19/2017] Prathamesh Pavagi EqTech-94: Astec lifesciences
It was a bit volatile during Godrej agrovet's listing
Now again went down
Shall I hold?
[10:15 AM, 10/19/2017] Puneet S. Marwah: first Support  - 565 , Second support  - 552 /- Anything below these points will take the stock to 511, Long term pattern suggest Flag - reflection - the stock is trading on low volumes - short term profit booking expected  - Long term still bullish

[10:07 AM, 10/19/2017] Pardeep Kumawat EqTech-628: sanghvi movers.. ?

Sangi - charts looks weak on over all - structural basis - Just trying to hold previous support - Chances are it might not hold  - Be cautious on taking long term holding- short term could give you some  - 3-7 % returns

[10:08 AM, 10/19/2017] Taruna Varliani Train: Ur view on ITL
[10:13 AM, 10/19/2017] Puneet S. Marwah: Seems  - Company is performing on numbers and loads of interest floating in the scrip  - No signs of profit booking  - keep holding  -

 [10:12 AM, 10/19/2017] DINAKARA P EqTech-297: Sir ur view on Birla money and Nucleus ?
 [10:23 AM, 10/19/2017] Puneet S. Marwah: Nucleus  Software - Fresh Breakout  - Seems healthy to buy around  - 355 - Hold for target of 400
[10:25 AM, 10/19/2017] Puneet S. Marwah: Birla Money  -  Profit Booking visible from top  - Best Buy- 80.80  / Average  - 74.80/ SL 70 / Target  - 100

 [9:07 AM, 10/20/2017] Puneet S. Marwah: Nifty - Are we going to sustain - LTTL ( Long term trend line) or - Is it a false breakout- Move denies Sustaining legs - How long Reliance or Hdfcbank - will support - Are financials generating new breather - It's well visible much of balancing - I would prefer Correction than risking my money on air -

[12:19 PM, 10/20/2017]  Priya: @Puneet S. Marwah if possible share views on SBI

[12:28 PM, 10/20/2017] Puneet S. Marwah: 237

[12:40 PM, 10/20/2017] Priya: 👌🏻

[12:42 PM, 10/20/2017] Priya: Any chance of short covering?

[12:45 PM, 10/20/2017] Puneet S. Marwah: No -

[12:52 PM, 10/20/2017] Priya: How do we chk if der will be any short covering or not

[1:33 PM, 10/20/2017] Puneet S. Marwah: 📌 Check variation of open interest along with price moves

Scenario -1

Increase in price - and increase in open interest - Signifies -Positive Long

Scenario - 2

Decrease in price and decrease in open interest - Profit Booking 

Scenario -3 

Decrease in price and increase in open interest - Short build up

Now - Focus 👇👇👇

Decrease in price and open interest unchanged - More fall in prices 

Stable prices and decrease in open interest - Short Covering 

Also

Increase in price and decrease in open interest - Short Covering - 

SBIN case - 

Increase in open interest and decrease in price - 

And open interest sustaining - 

Means - Prices anticipated  to fall more

[9:31 AM, 10/19/2017] Santosh Kumar EqTech-768: Puneet sir, what is ur view on "Vedanta" October series.


[9:34 AM, 10/19/2017] Puneet S. Marwah: Vedanta  - It has given awesome gains , now the stock seems to over bought  - Last station to book your profits - 341/343 Band / I personally feel - stock will correct from these levels and you can even buy Put for nov series , the moment it struggles in my said target zone -

[9:44 AM, 10/19/2017] Aditya Jain EqTech-433: Also sir your view on bajaj finance November series

 [10:31 AM, 10/19/2017] Puneet S. Marwah: Bajaj finance  - Evening Star formation  -  Negative - book your positions near to 1895  - short term stock has reversed and profit booking visible

[9:38 AM, 10/19/2017] Smit Shah EqTech-595: Views on Hindustan composite

[10:34 AM, 10/19/2017] Puneet S. Marwah: Short term Positive  - Major - resistance around  - 496  - / Over all  - at support areas and no buying at bottom - avoid taking postional bets if it breaks  - 470 again

[9:39 AM, 10/19/2017] Aditya Jain EqTech-433: Sir, Piramal Enterprise Limited (PEL) November series

 [10:39 AM, 10/19/2017] Puneet S. Marwah: Seems good bet - oscillators  - moving positive and seems could break good for nov series  - Flag pattern  - consolidating