[04:43:44 PM] => Myiris : Welcome to the chatmasala
[04:44:21 PM] => Myiris : Our guest, Mr. Manish Shah, Market Analyst, will be joining us shortly.

[04:44:40 PM] => DISCLAIMER
[04:44:56 PM] => Mr. Manish Shah is a Market Analyst. At the time of this conversation / chat, Mr. Shah may or may not have positions in the stocks mentioned below, although holdings may change at any time. The views expressed by Mr. Shah 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. Shah, 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.
[04:45:14 PM] => 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.
[04:45:31 PM] => Lastly the views expressed by Mr. Shah 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.

[04:46:05 PM] => Myiris : we welcome all of you this chat session

[04:46:22 PM] => Myiris : Welcome to the chat session Mr. Shah

[04:49:34 PM] => Divyesh Vora : What is the opinion about SKF bearing as an investment?
[04:50:55 PM] => MS : Price of this stock has jumped from Rs 26 to Rs 35 before showing a correction. The flare up in this stock are likely to have long term implications for the stock price and the I think the price has made a turn for the better. If you are willing to buy you should be long- term oriented, as it is likely that the price could touch around Rs 60 over a period of 12 months. If you are long be careful and keep a stop below Rs 26.

[04:53:02 PM] => micky_hellraiser : Which companies share are likely to gain in the near future?
[04:54:04 PM] => MS : Software stocks look good for an extended rally. Buy on declines, good software stocks and hold for a two to three month period. Don’t let heavy intraday volatility influence your trading.

[04:59:00 PM] => Shikset : What is your opinion about GTB ?
[04:59:50 PM] => MS : Possible rally to Rs 35 in the intermediate term. If you are holding this one hold with a stop of Rs 21.

[05:02:58 PM] => San_gita : Can you please tell me the relationship between put-call ratio and options premium?
[05:03:23 PM] => MS : This needs a detailed answer. Please mail me at shahmani1@postmark.net .

[05:03:48 PM] => raajranjan : Can you give me your thoughts on Rolta?
[05:05:10 PM] => MS : The price of Rolta could see a rally to Rs 125-130 over next two months. There is a critical resistance barrier at Rs 89. Once price manages to break above this, there could be an acceleration of the up trend. Hold this one with a stop below Rs 71.

[05:12:59 PM] => ljj : Please name your top 5 picks-likely to fetch multi-bagger returns in next 1-2 yrs.
[05:13:28 PM] => MS: Trying to predict for two years is difficult. Look for movements for 1-2 months and trying to make around 20 per cent in that time on your investment. We are not in a secular bull run as yet.

[05:13:44 PM] => Sureshti : Is the tech rally for real ?
[05:14:20 PM] => MS: Any movement in the market is always for real till it lasts. If it reverses just book profits, make your money and run. Wait for another opportunity then.

[05:20:34 PM] => gopi_25 : Could you tell me which are the best stocks at these times to buy, whose price may double up in coming days?
[05:21:16 PM] => MS : Doubling in couple of days is asking for trouble. 8-10 percent moves in couple of days is reasonable. Look at Zee Telefilms, Ranbaxy and Dr Reddy for decent moves in next couple of days.

[05:21:37 PM] => Rakesh : Sir, where do you see the sensex in a couple of month's time?
[05:22:01 PM] => MS : I am targetting around 4200 by Feb-Mar 2002.

[05:22:31 PM] => Ashish T : Sir, your views on Ranbaxy?
[05:23:41 PM] => MS : I think this should go up to Rs 800 in couple of weeks, look to buy with a stop of Rs 677.

[05:24:18 PM] => JS 23 : Do you expect any sectors to outperform the sensex?
[05:24:46 PM] => MS : Pharma, Software, and cement appear to be favourites.

[05:25:43 PM] => NGO : Do you think this is the start of a bull run?
[05:27:52 PM] => MS : A rally till Feb-March 2002 looks to be a possibility.

[05:29:24 PM] => Anand : Sir, where do you think the FMCG sector is headed?
[05:30:19 PM] => MS : I think this sector is likely to pick up steam in near future. Watch for Cadbury’s, Dabur among others.

[05:31:13 PM] => Ramnaresh : Sir, Please advice me on good auto scrips.
[05:37:45 PM] => MS : Telco looks to be the best bet at the moment. This stock has got good potential for a rally to around Rs 125-135 in the near future. Bajaj Auto has gone up too far too fast, it could see a good correction. Bit of steam is left in Ashok Leyland and M&M.

[05:38:16 PM] => Arun R : Will it be good idea to move from banks to equities right now?
[05:38:29 PM] => MS : Yes. But choose your picks carefully.

[05:39:12 PM] => Guest21 : How about Trigyn Tech?
[05:39:26 PM] => MS : Could rally to around Rs 150 in the near term

[05:50:51 PM] => Abhay : Sir, does Reliance Petro look good long-term?
[05:51:07 PM] => MS : It could be a slow starter. We could see sideways movement between Rs 25 to Rs 35 for sometime. Wait and watch.

[05:51:23 PM] => Dinesh: Do you forsee any major FII selling in the next couple of months? How do you see the trend?
[05:51:50 PM] => MS : Any trader will buy and sell. FIIs are no different. They will buy and sell. I generally expect the market to be bullish till Feb-Mar 2002.

[05:52:05 PM] => AA56 : Sir, Please recommend good pharma stocks for long-term.
[05:52:23 PM] => MS : Pfizer, Dr Reddy, Glaxo appear to be a good bet.

[05:52:44 PM] => Bhaskar : At what level can we enter in to the market?
[05:53:17 PM] => MS : It is time to make your trading decisions. Now a pullback to around 3250 in a couple of days should be a time to take bet on the long side.

[05:57:49 PM] => Kranti K : Hi, Will IT companies get back the old glory?
[05:58:27 PM] => MS : I do not know about their old glory. But a part of their former glory, I think yes.

[05:58:39 PM] => Sanjays : Which stocks look good short-term?
[05:59:04 PM] => MS : Zee Telefilms, Telco, ITC are decent bets.

[05:59:18 PM] => Priya : Is the rally in pharma stocks for real?
[05:59:50 PM] => MS : Traded price is always for real.

[06:00:38 PM] => Sanjay : How do you see the trends in FII transactions for the next few months?
[06:01:07 PM] => MS : They will buy and sell if the trend of the market is up buy on dips. Generally they are sellers in December.

[06:01:27 PM] => Shahma : When is the right time to invest in MFs?
[06:01:43 PM] => MS : Cannot understand this question. Depends on what type of fund you are looking into.

[06:02:01 PM] => Ashok : Harshad Mehta has again been remanded to custody. Why is our markets in such a state that a couple of brokers like Harshad and Ketan can manipulate markets?
[06:02:49 PM] => MS : Every person has an element of greed, only some persons have it in excess. This can be seen worldwide and not limited to Indian markets. No one person can manipulate the entire market. Market is bigger than all its participants.

[06:03:07 PM] => Rajesh Jain : Is ACC the next takeover target?
[06:03:24 PM] => MS : I do not know this.

[06:03:53 PM] => Tripti : Are futures in individual shares a step in the right direction?
[06:04:40 PM] => MS : I think big people wanted this. Nothing but return of badla in a westernized form.

[06:05:00 PM] => Sundar : Your outlook for the cement sector after the L&T deal.
[06:05:27 PM] => MS : Cement looks good, notwithstanding L&T deal.

[06:05:42 PM] => Roshni 321 : How long do u think these levels will sustain?
[06:06:15 PM] => MS : By Feb-Mar 2002, the levels could be higher then you think.

[06:07:03 PM] => JBIST : Will market will test the Sept bottom again or where do u see the sensex in next two months?
[06:07:39 PM] => MS : Probably not. I expect the market to hit around 4200 by Feb-Mar 2002.

[06:08:40 PM] => G_mehra : The tech stocks have been rallying quite hard. Do you think this is because of the large tech companies showing growth for the first half of the financial year? If so do you think this rally will last or is the market going to go down once again?
[06:09:06 PM] => MS : Most of the stocks in the Tech sector are showing good strong uptrend. The rally should last till Feb-Mar 2002. After that we will see.

[06:09:43 PM] => Seshv : Is it good to invest in tech funds on a medium perspective?
[06:10:07 PM] => MS : I think yes. But look at the composition of the fund before you decide.

[06:10:37 PM] => Seshv : Could we buy Satyam for long term? I am holding Satyam at an average price of 500 rupees.
[06:12:21 PM] => MS : Satyam should see a rally to around Rs 250-270 in couple of weeks. Look to buy on decline to around Rs 190.

[06:13:01 PM] => Anil_ashwini : Why is Hughes Software stock price is going down?
[06:13:53 PM] => MS : Some profit booking maybe. Who knows?

[06:14:51 PM] => Roy Deb Dutta : Why do u think is this sudden bullish trend?
[06:15:22 PM] => MS : Nothing sudden about the rally; it has been going on since the last one and a half months.

[06:15:42 PM] => Myiris : That’s the end of the chat session for today.
[06:16:06 PM] => Myiris : We thank Mr. Manish Shah for his time and the valuable inputs in making this a lively session.
[06:16:20 PM] => Myiris : We thank you all for your participation.