IT Stocks.... Is it rit time to invest????

Hey Guys,

Rupee is kind of strted with a fall agnst $$$ ....
Should we venture on the IT stocks.. as many of them like Wipro is @ 52 week low now........ 460-470 range ...

should v invest in them nd frget for may be 6-8 mnths.....

what are the expectations from the next two quarters...

suggestion on buy in this IT sector is welcome....

please pour in ur ideas nd exps with this stocks......

Wht u guys thnk of IDEA Cellular ... it is at a level whch is quite low...
can we invest in bulk nd wait for a longterm bull in that ????

guys please revert back....

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ronax_all_new
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Hey ....
neone playing with IT stocks as of now....?

Plz get ur ideas poured in here

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ronax_all_new
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idea is a good call good returns expected in six months time

Yes !!! its goods time to buy IT stocks...I believe, rupee will very soon depreciate, as you know almost all IT stocks are being traded as lowest price...buy TCS/WIPRO/INFY/SATYAM...for your bright future

IDEA belongs to reputed Biral group and there was a rumour that they are selling stake in idea...in futurte idea will give definate good return.so keep investing in idea..

IDEA is waiting for Bombay Cicle which give it lot of synergy.Also the average revenue per user is also more for Idea.

I would say the rupee will appreciate against $ and i heard somebody even quoting 38-39 level by or around 2008.If the govt policy is to be considered ,i don't think there will be anymore market intervention by RBI,leaving to the forces of supply and demand.Most of the IT companies are service related and a great exposure to $.So donot go by past levels.Also consider the future

Instead of IT better look out for Engineering & Banking/Financial sectors..
Scrips like Siemens,BHEL,L & T,Punj Lloyad ,GEI Industrial Systems(BSE),
Yes Bank,IDFC,ICICI Bank,IFCI(short Term)
& It will be a good IDEA to Buy IDEA Cellular on every decline for
Long Term..

Hey guys ...
keep pouring in ur views .....

So whats in store for IT Stocks for long term then?????
If therez further apprciation for Rupee agnst $$$... tthrz no way these stocks will come out of the bear....

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ronax_all_new
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I don't know about all IT stocks, but let's talk about the bellweather INFOSYS. 1900 is a very important support level for it which it breached in intraday trading when it made a low of 1862. CMP is 1913. Since Dow Jones is poised to drop to 12800 levels tomorrow (17/8/2007), I suspect that INFY will drop to next support at 1810. When this happens, the rest of the IT stocks will more or less follow.

Today one exception was Tech Mahindra which closed marginally in the red by abt Rs. 9. All others gave up 1.8% (satyam) to 3.74% (tcs). Still, all show Sell indicators technically. So, the bottom has not been reached yet. And, once the share market selloff by FIIs stops or slows down, you'll notice that Rupee will start to appreciate towards Rs. 39 levels again. So the future does not appear very bright at present for these companies.

Maybe you should wait for 3rd Qtr results to come in. IMHO
Paresh

so we shud keep out of IT ....

then whch are the sectors to venture now..... i mean the taking into consideration of the current volatility of the market ....

Do you guys feel Telecom( For say long term invstment in RPL,IDEA,Bharti during crrctns) or Cement even Engg. & Capital Goods ( say Orbit Corp.)

will be a good bet as of now ?????????????

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