[04:21:13 PM] => Myiris: Welcome to the Chat Session on Myiris.com.
[04:21:35 PM] => Myiris: Our today’s expert guest, Mr. Arun Kejriwal Will be joining us very shortly

[04:23:00 PM] => DISCLAIMER

[04:24:03 PM] => Mr. Arun Kejriwal is the Proprietor of Kejriwal Research & Information Services (KRIS). At the time of this conversation / chat, Mr.Arun Kejriwal may or may not have positions in the stocks mentioned below , although holdings may change at any time.

[04:24:57 PM] => The views expressed by Mr. Arun Kejriwal is based upon information that he considers reliable, but does not represent that it is accurate or complete, and it should not be relied upon as such. Mr. Arun Kejriwal, his company and its affiliates, officers, directors, partners, and employees may, from time to time, have long or short positions in, buy or sell and deal as principal in the securities, or derivatives thereof, of companies mentioned herein and may take positions inconsistent with the views expressed. None of the information contained herein constitutes, or is intended to constitute a recommendation of any particular security or trading strategy or a determination that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. You should consult with and rely upon your own advisors whether and how to use such information in making any investment decision

[04:25:34 PM] => Lastly the views expressed by Mr. Arun Kejriwal have no bearing whatsoever with that of IRIS Ltd. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website www.myiris.com.

[04:37:33 PM] => Myiris: Welcomes to the show Mr. Arun Kejriwal, Shall we begin the session.

[04:38:00 PM] => AK: Yes definitely, let’s start the session

[04:38:44 PM] => Chitaledeepak: What is your opinion about Hind Lever chemicals. Why is it so thinly traded?
[04:39:36 PM] => AK: Its a good share, but all good shares need not have large volumes.

[04:40:21 PM] => Swalia: I have Mascot Systems 400 shares @480/-Currently it is Rs 90/- .What are the prospects for a time horizon of 1 yr.?Should I buy more to average? or book loss.
[04:41:26 PM] => AK: I have standard answer for stop loss and averaging and I believe that U should never average to reduce your cost. If U have a stop loss everything is taken care of. As regard Mascot I will not move away from market.

[04:42:01 PM] => Rvinodhini: What is your opinion about Rallis India especially in view of the good monsoon and the company's restructuring plans?
[04:42:30 PM] => AK: Its a good share and going forward things are likely to improve.

[04:42:58 PM] => b_sridhar1: Is it balanced schemes India, is not given any positive returns over the period of years, whether the Balanced Schemes is not suitable for Indian market, or the fund manager is not equipped to give positive returns.
[04:44:19 PM] => AK: I presume U are asking about balanced funds. Allmost all mutual funds having equity exposure have done badly in last 12 months. It is only money market mutual funds or Gilt Edged funds which have done well.

[04:45:21 PM] => Rginv: Have bought 25 Infosys at 3850 for short term do u think it will go above 4000 in a few days? also about yesterdays fall of 200
[04:46:23 PM] => AK: If u brought Infosys to earn 150 u certainly cannot lose 200 Rs. The share is looking weak.

[04:47:31 PM] => Swalia:I hold 20 shares of SSI bought @2000/-Should I buy more to average. What do u think on the prospects of the Co. What kind of Price target for next 1yr?
[04:48:11 PM] => AK: Even if the prospects are looking good going forward, the share has to appreciate 12 times to come to your cost. Always have stop loss.

[04:48:27 PM] => Staneja: What are Your views on VSNL price target post - disinvestment
[04:49:37 PM] => AK: VSNL divestment may take 6 months. There are rumors of one more dividend payout of 500 % .

[04:50:07 PM] => Verma1986: Can I hold on to Satyam or should I sell?. What about NIIT holding and 10 SSI @ 370. Can I hold on? What do you think about Sify bonus to Satyam,is it true?.
[04:50:43 PM] => AK: I must know U purchase price of Satyam and NIIT. Sify bonus may a reality but U remember that Sify traded at 80$ and now trades at under 2$. Is this a bonus?

[04:51:19 PM] => Shreyasco : What is the outlook for HCL Tech , Global Tele, and NIIT?
[04:51:35 PM] => AK: Specify U time frame for this companies.

[04:51:48 PM] => D1123: Rel Petro, Tata Finance are touching new lows. Should I buy?
[04:52:10 PM] => AK: Any urgencies or if U could wait U will benefit.

[04:52:44 PM] => b_sridhar1: Due to the IT recession, and the hard core sectors are not performing well, do you think out market will improve in future or it will go down or remain in the same level of 3000 mark. Why the market is so dull, is it service sector going to be the Indian market leader, why the industries like agricultural, manufacturing and others are not performing well, even though they are the basic need for the people, is that any special reason for that, would please send me the reply for the above question sir.
[04:53:11 PM] => AK: I agree with U that there is slow down, markets are likely to improve mid September.

[04:54:13 PM] => Kiranktk: Is IBP a good buy,and if so what is your price target?
[04:55:01 PM] => AK: If diversment happens in time a price of around 550 likely.

[04:55:31 PM] => Madmax: After the debacle of the stock market  do you think the common investor should seek returns from the debt market
[04:56:18 PM] => AK: Debt market will give returns of 8.5 to 9.5%.

[04:57:01 PM] => Velu296: Ispat Ind shows loss around 312 cr, but its other expend, interest, depreciation and etc. comes around 800 cr inspite its sales shoots up from 1600 cr to 2400 cr is it worthy to buy at this level Rs/1=?
[04:57:40 PM] => AK: No need to do any penny picking at this time.

[04:58:03 PM] => Amrita41: What's your view about Nicholas Piramal, Agro Dutch Ind and Apollo Hosp
[04:58:36 PM] => AK: I like Nicholas Piramal & Apollo Hosp.

[04:58:59 PM] => Velu296: Padmini Technolgy and Mose Baer produce one and sand D V D but why pad tech price down and moser price maintain same level?
[04:59:49 PM] => AK: Interesting observation management perception makes the difference.

[05:00:43 PM] => Operatic:I have been hearing that we are headed for a long recession. How do you expect the market to behave if it were true?
[05:01:06 PM] => AK: Things are bad possibly they will stop deteriorating shortly.

[05:01:27 PM] => Santhasuresh: I am a small investor and I brought 100 ITI shares. Now it is 52 week low. can I hold or exit (if hold how long). Your valuable inputs pls?
[05:02:21 PM] => AK: Pls give your purchase price.

[05:02:52 PM] => Ipratik: Is the retail and agri-biotech sector headed for a big boom maybe 5 years down the line. If so what about Trent and Nath Seeds?
[05:03:23 PM] => AK: I agree with your assumption.

[05:03:59 PM] => n_upreti: In present scenario, equity funds r performing very bad. So is it a wise decision to put our money in equity oriented schemes, if I m thinking of long term investments.
[05:04:59 PM] => AK: U must first believe that equity market are around a bottom. Only then must u invest in equity funds.

[05:06:29 PM] => Balanche: Hi, my question is on the economy - our Fiscal situation is in deep shit, nonexistent demand for goods and services, Oil import bill expected to cross $ 20 billion ,  given GDP numbers of 5.5- 6% which is a sham and we shall probably see 4-4.5%  in this context would you put your money in Equity. If Yes what would be my opportunity loss is entered now and expected timeframe of a recovery / profitability of the same both in terms of the economy and stock prices
[05:07:06 PM] => AK: Lot of shit all around the place, but if u do selective investment in tranches spread out over 3 or 4 lots in around 2 months, your down side could be 10% and upside 30%.

[05:07:28 PM] => Jajoo: Is the Interest rate market i.e. Call, GOI bond yields being driven purely by liquidity or is low interest rates a factor of the Fundamentals of our economy
[05:08:28 PM] => AK: RBI decides interest rates and yield is the factor determine by the market.

[05:08:47 PM] => Shalini.S: If you do can you please tell me whether or not Polaris Software and Visual softs are fundamentally good buys
[05:09:57 PM] => AK: At the present movement recommending buys in the market is turning out wrongly for almost all analyst.

[05:10:10 PM] => Staneja: What are your views on TELCO
[05:10:30 PM] => AK: The success of Indica is keenly awaited.

[05:10:47 PM] => Manishm: What's your view on Hughes Software and Satyam. Are they good buys at present or do you see more down side from current levels. At what price would you suggest I enter the scrip
[05:11:59 PM] => AK: Before entering the market wait for a turnaround. No point doing bottom fishing.

[05:12:18 PM] => Prajesh68: What do you do when you make a wrong call on a particular stock or a wrong view on the market - do you hold on or do you immediately cut short your losses i.e. sell at any price even if the stock is fundamentally sound
[05:13:22 PM] => AK: I practice what I preach. I follow strict stop loss.

[05:14:14 PM] => Klakrawalla: Will options increase volatility on the bourses ? if yes what was the reason for SEBI to introduce them couldn't a modified carry forward impart the same function
[05:15:12 PM] => AK: Modified carry forward as of today is a thing of the past. Options are a good product and investors must learn how to use them to there advantages.

[05:15:32 PM] => dhiren3000: What do you mean by a defensive play - is it that the stocks will rise / fall less than a relative fall in the sensex
[05:16:38 PM] => AK: That is one way of looking at it. Another way is that in falling market the stock is an out performer and its price movement is less volatile than the sensex or other scrips.

[05:16:55 PM] => Rajeevlochan: Is there chances of market recovering?
[05:17:34 PM] => AK: Certainly u cannot be a pessimist.

[05:18:15 PM] => Mahesh Wadhwa: Good evening Mr. Kejriwal, Should I invest in Mascot, Aztec, Subex and Visualsoft at these levels with one-year perspective.  If yes, how much returns should I expect?
[05:19:01 PM] => AK: There may be a 15% down side from current levels wait for one more panic before u buy. Alternatively buy in 4 lots, so that your cost reduces. Once market bottom a 25 to 30% upside is likely.

[05:20:13 PM] => Rubina: What is the best time for small retail investors start buying and what should be bought?
[05:21:03 PM] => AK: Buy in 3 lots in the next 30 to 45 days. Buy safe high dividend paying companies and stay away from momentum stocks.

[05:21:42 PM] => Yogesh venkatachalam:To what levels do you expect VSNL to dip after its ND and to what extent will it recover and when
[05:22:01 PM] => AK: XD share should trade at around 250 .

[05:22:23 PM] => Ranjana: So we have finally broken 3250. Now where do you see the market sir - 2750 or even lower than that. What in your opinion (if I had to create a model portfolio) would you recommend / must have in ones portfolio. Could you kindly suggest a model portfolio and respective weightless to the scrips concerned. My time frame of investment would be a year from the date you suggest
[05:23:44 PM] => AK: Model portfolio will take some time. Next support is between 3050 and 3150. 2700 is long way off.

[05:24:36 PM] => Jerry1975: What is our opinion as to where the markets are headed where is the next support level? I have 10000 shares of the company IBP at 315 what do u think should be my strategy?
[05:24:51 PM] => AK: I like the stock and also own it. I suggest U hold.

[05:26:10 PM] => Lokesh : I hold 5000 shares of infy at 4000 rupees I could not sell the stock at 3525 what do u suggest
[05:26:38 PM] => AK: U are big investor and stop loss theory should be practice by U.

[05:27:24 PM] => nish_parikh: Dear Sir, I am from the US. it sounds weird that I would be asking this question to an Indian market expert . But given the fixation that you Indians have with the Dow and the NASDAQ I am forced to do the same. Where do you see the DOW and the NASDAQ headed. DO you see the dow going down to 7500 and the NASDAQ at 1250 in 6 months time. I have lost hope in the predictions of US market experts and am forced to turn elsewhere
[05:28:28 PM] => AK: I am honored by U asking this question. 10,000 was a physiological level for DJI. Having broken the same support around 9400 is likely. Similarity NASDAQ at around 1650 is the next target. I hope I am right.

[05:29:09 PM] => Kailashm: Blame everything on the DOW and the NASDAQ. When will we investors learn to face the truth that our stockmarkets are ruled by our fundamentals maybe the PEG ratio could be governed by International standards. I have yet to hear one analyst / market expert state that we are in a pathetic shape ? your comments Mr. Kejriwal
[05:29:39 PM] => AK: I fully agree with U. But don't we all look for excuses.

[05:31:12 PM] => Krans: Do you think the margin trading, if implemented, will succeed in lack of required banking system for the same. Do you expects any steps from RBI for smooth running of Margin Trading.
[05:32:08 PM] => AK: I am optimistic about margin trading and believe that RBI will introduce necessary steps for the same.

[05:32:47 PM] => a-b_h_I: Reliance petroleum has been sliding steadily. It is at its yearly low. What should a medium term investor do at this price?
[05:33:07 PM] => AK: Next support is at around Rs 37.

[05:33:21 PM] => Rpanikar: Will stock futures provide volumes in derivatives and cash markets?
[05:33:37 PM] => AK: Liquidity will certainly improve.

[05:33:56 PM] => Kjeetesh: Where do see the indices moving during the next week?
[05:34:57 PM] => AK: Atleast intial part downwards. May be after that some recovery.

[05:35:36 PM] => Ashish: do you see any improvement in the volumes in next week, or will it continue at the same levels?
[05:36:24 PM] => AK: Any reason Ashish for volume to improve.

[05:36:40 PM] => Hariharan: What are your picks for the next week
[05:36:51 PM] => AK: Let me look at the charts over the weekends and enjoy Ganpati holiday,

[05:37:44 PM] => a_b_h_I : What is the next support after today's fall in nifty
[05:38:05 PM] => AK: I track the Sensex for support levels and todays ratio of fall in Nifty and Sensex was 1:4 against 1:3.

[05:38:25 PM] => Renuka: What are views on the technology stocks? will they tumble further or record gains?
[05:38:37 PM] => AK: Difficult call but with Infy falling new bottom may happen

[05:38:52 PM] => a_b_h_I : what is outlook on zee after considering today\'s 5 rupee fall and overall uptrend of last 10 days
[05:39:30 PM] => AK: I have always hated this share and atleast 1 channel called me the Zee hater. There could be some volatile movement, but nothing beyond that.

[05:40:27 PM] => Prashant : Indian economy is in the transition phase from emerging to developed economy. During this phase our country needs to identify the core sectors wherein it can become a global player and import all other things which it cannot viably produce . India has been slow in identifying its core sectors and barring Software it could not make any significant headway in other sectors. Therefore this recession is going to stay for atleast eight to ten years. Our population is so huge and infrastructure so inadequate that even if God want to do some miracle it will take him 10 years. Do you agree with me
[05:41:14 PM] => AK: Good question Prashant. Remember God helps only those people who don't help themselves

[05:41:33 PM] => Shaunaks: Seeing the recent hammering down of cement stocks would you advise a hold or a sell in Grasim Purchased @310
[05:42:00 PM] => AK: As advised earlier always have a stop loss .

[05:42:46 PM] => Mullickm: First IFCI , then UTI , then IDBI and Now IDFC !!! I can understand the others but hell IDFC was set up to fund infrastructure projects funded by the RE. 1 diesel / petrol cess why do they need a bail out package of Rs. 500 crs by RBI - another scam in the making - what does an honest tax payer do at this stage given the scams that are up to be seen and yet discovered - ICICI for instance
[05:43:02 PM] => AK: I think the letter "I" is jinxed. U are absolutely right, could be a scam.

[05:43:23 PM] => a_b_h_I: can u recommend three high risk high gain stocks for six month, currently below 100 Rs
[05:43:46 PM] => AK: I will certainly, next week.

[05:44:02 PM] => Nehapk: WHAT IS THE BOTTOM AK
[05:44:17 PM] => AK: The one I sit on.

[05:44:39 PM] => KartikeyanL: Mid September are you joking Mr. Kejriwal . I thought that this market would not see dawn till March 2002. Why do you forsee any improvement in September - could you kindly list down a few reasons
[05:45:53 PM] => AK: In techincals there is only a one answer. Technically

[05:46:35 PM] => Jajoo: Why is purchase price necessary to figure out whether to hold or to sell a stock? It has no bearing on the future price movements. Why do you ask for purchase price - until and unless you are looking at long term and short term cap gain tax.
[05:47:33 PM] => AK: Tax or profit is not my concern. However I need price to determine whether U have followed rules or not.

[05:47:45 PM] => Nisar: ARUN PLS TELL ME HOW IS THE STAR BUSINESS SHOW GAME HELP US?
[05:48:43 PM] => AK: Dear Nisar, the object of the game is to see how different analyst track the market or view the market at a particular moment. It is this view which is conveyed to the viewer.

[05:50:00 PM] => Myiris: We are overwhelmed with the response, but due to time constraint, Mr Kejriwal will be answering only last 10 questions

[05:50:24 PM] => Shaunaks: If you were to choose a stock looking at its prospective in the next couple of months which one would you choose?
[05:50:43 PM] => AK: I like Bank of India at around Rs 17.

[05:50:59 PM] => Madhuriok: Can I buy blue dart shares at current prices
[05:51:18 PM] => AK: I don't track the company.

[05:52:17 PM] => Nisar: CAN U TELL ME ABOUT ANY GOOD STOCK MKT SEMINAR?
[05:52:29 PM] => AK: There is one being organized on 9th September.

[05:52:48 PM] => Akhilbull: what prospect ofnath seeds
[05:52:59 PM] => AK: Its a good company.

[05:53:22 PM] => Sayta Shaunak : Previously for a person like ketan parekh to happen he would require a few thousand crores now in the cash market looking at the current scenario even if I have a few crores in my pocket I can make the market dance to my tunes, considering this what is the whole point achieved by SEBI and the FM(finance ministry) by introducing stock options and derivatives ?
[05:53:44 PM] => AK: I do not agree with your views and believe that it would be more difficult to do the same now.

[05:54:07 PM] => Lokesh: I HOLD 50000 SHARES OF BEML AT 16 WHAT SHOULD BE MY STRATEGY. I HAVE HEARD THERE IS A LOT OF INSTITUTIONAL; INTEREST
[05:54:29 PM] => AK: I like the share and it goes XD on NSE from Monday. Its a good PSU hold.

[05:54:51 PM] => Bhavin: sirjee the markets have already broken the 3250 levels where do u think the next support is?
[05:55:06 PM] => AK: Anywhere between 3050 and 3150 - I hope.

[05:55:27 PM] => Coin1: When the market will make a turnaround
[05:55:54 PM] => AK: May be in 15 days

[05:56:38 PM] => a_b_h_I : There has been some positive news on arvind mills recently. The company owns some premium brands in ready-made garments. What is your outlook for the stock over next quarter. The CMP is Rs 9.10
[05:56:57 PM] => AK: There is some restructuring news about the company. Hopefully if it happens there could be improvement to around Rs 12-13.

[05:57:27 PM] => Narendra: What is your advise for small investor who is having funds of 8K/month. I have lost hope in shares. mutual funds are worse than that.
[05:57:40 PM] => AK: If U have already lost hope, All I can suggest is money market mutual fund or Govt of India relief bond.

[05:58:05 PM] => Myiris: That’s all for today’s chat session friends, Mr. Arun Kejriwal just answered the last question.

[05:58:40 PM] => Myiris: Thank you Mr. Arun Kejriwal for sparing your valuable time on Myiris chat session and sharing your views.

[05:59:13 PM] => Myiris: Thank you friends for joining us on this chat session and don’t forget to join us on Monday 3rd September 2001, for another chat session.

[05:59:49 PM] => Myiris: Our expert guest for Monday is Mr. Dheeraj Singh - Fund manager at IL&FS Mutual Fund.

[06:00:17 PM] => That’s all for the day, thank you and bye for now. Have a nice weekend