The Hindu Business Line : Query Corner

Please advise me whether to hold Adani Exports Ltd bought at Rs 178. Also let me know whether it would be advisable to buy Sesa Goa and Sterlite Industries at current levels. Premila

Adani Exports (Rs 120): The price moved 261 per cent from a low of Rs 55 in two months. The fall from Rs 199 to Rs 110 was equally steep. Hold your shares with a stop at Rs 100. Exit as the price moves to Rs 144 or Rs 165.

Sesa Goa (Rs 1,009): Buy on dips with a stop at Rs 950. Short-term targets are Rs 1,200 and Rs 1,300.

Sterlite Industries (Rs 427): The stock has short-term targets of Rs 452 and then Rs 476. If Rs 476 is crossed, then Rs 612 will be on the cards. Buy with a stop at Rs 390.

Should I stay invested in Tamil Newsprint and Carborundum Universal? Shailesh Malvankar

TNPL (Rs 93): The outlook for the next year is positive. Hold with a stop at Rs 75. The price can rise to Rs 116 or Rs 138 in a year's time.

Carborundum Universal (Rs 131): The long-term trend in this stock is positive. Long-term supports are at Rs 116 and then at Rs 74. There is heavy resistance at Rs 135. This level needs to be breached to take the price to Rs 148 or Rs 153.

I bought 500 TN Petro at Rs 22.7 and KCP Sugar at Rs 64. What is the outlook for the next one year? C. N. Sukumar

TN Petro (Rs 16): The stock has been moving sideways between Rs 15 and Rs 35 for the past 10 years. The price can move to Rs 25 or Rs 33. It would be best to exit at current levels, as upside is limited.

KCP Sugar (Rs 38): Hold with a stop at Rs 30. Exit in the Rs 50 to Rs 55 range over the next one year.

Between Balrampur Chini or Dwarikesh Sugar, which would you recommend based on relative strength or on other technical considerations? Wadiwala, Altaf Hussain, Durai

Both stocks have ended their long-term uptrend and are having trouble moving up. But the chart of Balrampur Chini (Rs 111) is relatively stronger. Price can move to Rs 128 or Rs 131 in the next two or three months. Exit Dwarikesh Sugar (Rs 113), as it can re-test its recent low of Rs 98.50.

I am holding 1400 shares of Spice Jet at an average cost of Rs 47. Please suggest me whether I can hold or sell? Mani Duraiswamy

Spice Jet (Rs 42): Both the long-term and short-term trend is down. Hold with a stop at Rs 35. The stock will have difficulty rising above the Rs 63 to Rs 66 zone in the next one year. Exit if the price reaches this zone.

I am holding Tata Metaliks bought at Rs 175. Can I hold for some more time since the current price is around Rs 160? What are the future prospects of this stock? R.U. Trivedi

Tata Metaliks (Rs 150): The intermediate term trend is positive since the low of Rs 120 made on June 13, . The price can rise to Rs 188 over the next two to three months. Hold with a stop at Rs 138.

What are the prospects of Nalco? Parrivel Saravanan

Nalco (Rs 220): The chart is building a nice base from which an upward breakout is possible. Short-term targets are Rs 240 and then Rs 248. Long-term investors can hold with a stop at Rs 190.

What is your view TVS Motor? Babu

TVS Motor (Rs 91): The short-term outlook is weak for this chart. Action since June 14, resembles a descending triangle, which is a bearish pattern. The price will face resistance from Rs 108 and then from Rs 125 in the short-term. Long-term investors can hold the stock with a stop at Rs 72.

Please let know your views on Petronet LNG bought at Rs 23. Saket Kapoor

Petronet LNG (Rs 46): Long-term trend is down. Any rally will face resistance at Rs 47 and then Rs 49. Hold with a stop at Rs 35. Add to your position if Rs 49 is crossed.

I have 100 Triveni Engineering at Rs 92. What is the prospect of this company for next one year? Mathav

Triveni Engg (Rs 76): Intermediate-term trend is up since the low of Rs 54. Strong resistance, however, exists at Rs 83. If Rs 83 is crossed, a rise to Rs 101 or Rs 130 will be possible. Hold with a stop at Rs 58. Add to your position once price crosses Rs 83 again.

What are your technical view on Satyam Computer at current levels? Kanaka Krishna Goud, Mangal A. Patil, Indumathi Ganesan, Sivakumar

Satyam (Rs 722): The stock faces resistance at Rs 782 and Rs 801 in the short term.

But Elliott Wave counts tell us that this is one chart that will definitely outperform the market over the next one year.

The targets over one year are Rs 920 and Rs 980. Long-term investors should hold on in spite of short-term volatility. Traders can buy in dips with a stop at Rs 680.

Please let me have your views on TCS? Kanaka Krishna Goud, Mangal A. Patil, R. Prakash

TCS (Rs 1,876): The stock is also a hold for the long-term. This chart is also set to make a new high in the next one-year time frame.

Traders can use dips to buy as long as the price stays above Rs 1,734.

Please furnish your views on Arvind Mills? Aruna Kumari and Mathav