Some Good Steals...

[tradebull]

Hi tradebullregardless of MUL, Rico is a strong player. The trend is good and steady. Id suggest entry as it passes 104 a previous weekly high with volume to be safe. Nice find.
AndhraBank I would leave alone for now. There is no clear trend at this time, though most banks did well on Friday.
Ashok Leyland is a fine counter, but only if you wish to hold over a period of time. An entry could be considered at 31 close.
RamaNewshas strong resistance at 17-18. Its been correcting a long time and needs a strong trigger to heave it past this congestion. In the long term it may do well as the promoter group is strong, but has been running losses for now. Perhaps past the coming quarter result season we may see a move. In the meanwhile you may want to look to something else.
I believe IDFC was suggested to you earlier and it has been gaining all along. Its going to outperform in time to come, and is an investment counter.
Regards.

Hi AmitBE,

Thank you very much for your suggestions. I am now clear on these stocks.

Yes, you did suggest IDFC to me earlier, but I had got IDFC through IPO, 200 shares, and I booked profits on this when it listed (100% profits). As you have correctly mentioned about IDFC, the stock seems to be going really strong. So do you suggest a re-entry into IDFC at this point, considering that infrastructure is going to do well and that the stock as good fundamentals also.

Also, I need some more advice from you. I had actually got into UCO bank, 400 shares at 32 (did not know about traderji site then). Do you think I should hold these to make up the cost or should come out at the current levels, and free my investment for a better value generator stock.

I will track Rico auto and enter at 104+ levels with decent volumes as you suggested. Thank you for the same.

Regards

 

[AMITBE]

Hi Karthik...yes, I just noticed, thanks to your prompting...
Not a particularly glorious bench mark of preeminence, is it..
But one goes on for as long as it lastes.
People come and go. All matter or abstraction emanates from dynamics of evolution, blooms and perishes...as in nature, and as in the capital markets...or in a gathering like this.
Hopefully a few associates here have taken some benefits from my postings, whether material, or of greater substance.
Or else, I'm not really here to occupy digitised spaces or fill out pages with empty words. Because, words without essence are transitory, shallow, fallacious, and greasy. They are pretty ****ing sad.
Thanks for the kind congrats though.
Regards.

Dear Amit, I always thought Traders can never be philosophers or poets.....you prove me so wrong .
Some abstractions emanate from dynamics of evolution, bloom and leave a fragrance which lasts for a long time..that makes them different from the mundane....so keep going...and we will keep enjoying it....like you said.. as long as it lasts..Best regards karthik

Thanks phoenix and saint...one has to do what one has to do I guess.
Actually the dialogue begain last night when Karthik (with a nice big grin) messaged to give congrats at scoring a century...(page count of all things!)
Above is the string...Philosophy or pragmatism, are they both really mutually exclusive? Most times not...
Thanks again.

 

[AMITBE]

Hi all...Though the markets are being difficult to predict and a correction can come at some point soon, there are some stocks that appear to be making nice buy patterns.
One such is CENTURY ENKA at 249. Can be taken here for 265 first. A neat breakout on weely and daily charts.
Critical s/l considering the market would be 238.
Regards.

 

[tradebull]

Hi AmitBE,

Thank you very much for your suggestions. I am now clear on these stocks.

Yes, you did suggest IDFC to me earlier, but I had got IDFC through IPO, 200 shares, and I booked profits on this when it listed (100% profits). As you have correctly mentioned about IDFC, the stock seems to be going really strong. So do you suggest a re-entry into IDFC at this point, considering that infrastructure is going to do well and that the stock as good fundamentals also.

Also, I need some more advice from you. I had actually got into UCO bank, 400 shares at 32 (did not know about traderji site then). Do you think I should hold these to make up the cost or should come out at the current levels, and free my investment for a better value generator stock.

I will track Rico auto and enter at 104+ levels with decent volumes as you suggested. Thank you for the same.

Regards

Hi AmitBE,

Just some correction in my above reply. Actually you did not suggest IDFC to me specifically, but I had read you suggesting it to someone.

Just making it clear since a good communication is the route to a successful communication.

Looking forward to your reply on the above.

Regards

 

[tradebull]

Hi tradebull...I'd keep away from KEI for now. The last three sessions it's been opening on a high gap compared to the previous close, and heading south each session. May breach some key supports too. Check to see if it drops below 197 coming sessions to get some indication. Do update please.
You could go to BSE site and make use of charting there.
Thanks.

Hi AmitBE,

Just a quick update for you. As you had made a perfect statement, KEI Industries did stop at 195.4 on Friday. Am not having any clues on this sudden drop on this script. Let me know if you think I should still track this script or it is off for now.

Regards

 

[AMITBE]

Hi AmitBE, Just a quick update for you. As you had made a perfect statement, KEI Industries did stop at 195.4 on Friday. Am not having any clues on this sudden drop on this script. Let me know if you think I should still track this script or it is off for now. Regards

Hi tradebull...no entry in KEI yet. A slip to 192 may occur which would sink it further. There is no sign of revival for now, and even should it bounce a couple of points, is not likely to hold them. Keep tracking it though and update.
My advice on UCO Bank would be to leave the counter for now, and you are likely to get your price, if not a little more. It is stuck in a range and unable to break past 33-34, and above this there are more levels still.
On IDFC as I had mentioned, this is not really for trading, except perhaps intraday with quantities. Go in for 2 to 3 months for 30% plus growth. 68-69 would be great entry if it slips that much.
Regards.

 

[AMITBE]

Hi Amit, Need your advice.....I entered Virinchi Tech @ 67 and its CMP is approx 66.50. I would like to know from you S/L target for this scrip.
Eastern Silk @ 238 whats the outlook for this (picked this scrip from the discussion on this site and doing a little bit of analysis but missed out on selling reco on this forum) I am still holding this. Thanks in advance. Regards.

Hi game4trade..Virinchi after a spurt to 78 is fighting to cross 69-73. 65 is an absolute protective s/l. Should it revert back to 69 plus, wait and see...and exit at weakness. This sector has under performed the current rally, especially the smaller scrips.
Yes, you had a great exit on East Silk a couple of sessions ago. It has come up from 142 in Mid July and will settle now. I don't expect an upside to 274 in the near term, but on its day it does make sharp moves up quite early in the session. Seek such an opportunity. Sell out if it wants to test 244 as 250 was an important support.
Regards.

 

[AMITBE]

Hi Amitbe, What can one make of the India cements news today ?? Share price likely to go up tomorrow ??Thanks,Karuna

Hi Karuna...I'm aware of your derivative issues in this. The news aside, this is in a firm uptrend and I had called it for 130 in the near term. I don't know how that figures before the 29th of the month, but certainly see further gains in it from CMP before then.
The news may or may not trigger an upside, though the chances are it should. The change of holding happened between two promotors, and could be seen by the market as an affirmation of the expected good performance in the current quarter. Cement is a hot sector in any case, and India Cements is probably the largest player in the South.
Regards.

 

[AMITBE]

Amitbe Sorry for the delayed response to your response of my query regarding NESCO and 21st Century Management. I was busy in "Paryushan", the festival of Jains. Thanks.
My analysis of these scrips is as under: NESCO: Equity 3.3 Cr- Market cap of 330 Cr. at 1000/- rupees per share. They hold acres and acres of land - probably larger tract of land than any other listed Company. Though this land is at Goregaon.

Hi Kamalesh...I hope you had a satisfactory and happy Paryushan.
Thanks for the response and your analysis. With or without the property, the price pattern indicates the intrinsic value of the scrip in the mid term which is firmly to the up.
You didn't remark on how the price behaved after my response to your query.
Regards.

 

[AMITBE]

Bringing up the following. Most of these are making intermidiate uptrends, REI Agro is making a new breakout after several months of consolidation.
High Tech Gears can be a dark horse. 185 can be sticky so a little caution here.
REI is good and will make steady gains.
Good spurts in UCAL and Cen Enka are possible.

UCAL Fuel Systems CMP 270.75
CENTURY ENKA CMP 249.05
REI Agro Ltd CMP 188.60
High Tech Gears CMP 173.55