Q.I have purchased 450 RNRL last week @ average 49.5.Please suggest suitable stop loss and targets.Thanks.
A:Keep a trailing stop loss at 51 and hold on for short term targets of 53 and 55.
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Q.I have 1000 IFCI @ 50.If I don't want to exit at a loss, for how long will I have to hold on.
A:You'll have to hold on for a minimum 6 months for your investment to break even, will not suggest exiting the stock and that too at this price.Hold on/average.
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Q.I have got 300 ICICI Bank @ average 100 (I am still holding on to my original IPO allotment).Should I hold on to the stock, given the negative news flowing about the stock.
A:ICICI bank came with its maiden public issue in 1997 @ Rs.35 per share.I'm sure in these 11 odd years, the stock has not disappointed you as a shareholder. The so called negative news flowing about the stock is at its best a rumor.And most of the rumors have died a natural death by now. I am on the view that the bank is not going to go down with the money of its depositors and shareholders, so you can safely hold on to the stock. At the best what you could do is to book some profits in this stock and deploy the proceeds into some other attractively valued stocks and funds at the current levels.
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Q.I am holding 50 Nitin Fire Protection @ IPO price of 190. What to do?Should I hold on?
A:Hold on to the stock. The stock is attravtively priced at the current levels and there in no reason why it should not do well over the next 6-12 months.
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Q.Is Bombay Rayon a good stock at current levels.
A:Am sorry, but I'm not tracking the stock.
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Q.I am holding JM Contra fund at 11.83. What should I do?
A:JM Contra fund investors are an unhappy lot.The fund has not lived up to the initial hype caused by the star fund manager syndrome and has disappointed all including yours truly.Will suggest you to book losses and invest in a better performing fund or a fund with better promise.
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You can mail your queries/questions on adv...@raghavs-picks.com
Yours truly,
Raghav @ Raghav's Picks
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