Some Good Steals...
- Thread starter AMITBE
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They are both slow and steady investments, and safe too.
IDBI has been running up since recent times, so in the immediate future the upside may be not a lot, but good still. NTPC, though running up too, is certainly a buy, and the current prices on both are good.
I am invested, so the choice is yours.
Thanks.
IDBI has been running up since recent times, so in the immediate future the upside may be not a lot, but good still. NTPC, though running up too, is certainly a buy, and the current prices on both are good.
I am invested, so the choice is yours.
Thanks.
Hi all
First thing first, I must apologise for the update on Bank Of India, in saying the rally may be over.
After yesterdays strong close at 124 despite ok results, it was one of the toppers in the banking sector, closing 134, intra 136.
After a weak opening of 116, which seemed to be confirming the end of the rally, it stayed steady at 122 till past noon, as if awaiting a signal. As the RBI policy announcements came, so did the charge to 136.
I should have deduced from yesterdays close itself that there was news expected. I have a strong feeling too, that there are FII and Mutual Fund buying going on in this counter. Well, every day is a new lesson.
Godrej continues to confuse, volatile as it is. At one point it sank to 236, but recovered to close 244.90. Not bad. This is another turn around story, and if there are no fire-works here nor FII inflows, it may well seek higher levels tomorrow. I see this scrip doing well over the next little while.
Gammon also displayed for the first time in quite a while, an out of character move. It traded in a set band today, neither spurting nor slipping, with good volumes. Im glad for this.
Allahabad Bank came within a whisker of 100. High was 99.35, and closed at 97.85. It is a difficult call, if one should stay or bail out. It may well tire itself out trying to cross 100, and fall back again. The surge that took place in most banking counters did not materialise here, is the reason for my comment. Ill watch just a bit longer.
During trading, I was very tempted to give a call on IndBulls for intraday today for its consolidation at 225 levels for most of the day. Sure enough the charge came late in the day and it closed 235, intra 239. There is something brewing here. Perhaps as most financial companies are doing well this is too going somewhere. FII/Funds investing is certain. I had earlier mentioned a second quarter target of 300, which it may far exceed.
NTPC, if anyone got off the slow train, you can safely get back on tomorrow, I feel. It should chug along on its way again.
Bharti never really gave a chance for anyone to get on intraday I suppose, and it peaked at 279. I had suggested 280.
Dabur as I had written will test 160 plus.
Noida Toll was suggested 24.95. Closed 27.40 today.
IOB was called at 84, now at 89.65.
Aegis Logistics called at 104, is consistently making progress and now at 133.
For now I am eyeing Aksh Opti Fibre. Closed today at 62.55, a very important level. At passing 64, it could do 68-69 levels. This is also one of the low volume stocks. Be careful with it.
Ashok Leyland is going to be a sure winner now. At 27.80, and try to enter at a little decline if possible. Short term target is 35.
Hey Sam, I hope ONGC is still with you? It again gained today, and looks good for 990 for sure, perhaps more. Hang in there for now.
So much for now.
Thanks.
First thing first, I must apologise for the update on Bank Of India, in saying the rally may be over.
After yesterdays strong close at 124 despite ok results, it was one of the toppers in the banking sector, closing 134, intra 136.
After a weak opening of 116, which seemed to be confirming the end of the rally, it stayed steady at 122 till past noon, as if awaiting a signal. As the RBI policy announcements came, so did the charge to 136.
I should have deduced from yesterdays close itself that there was news expected. I have a strong feeling too, that there are FII and Mutual Fund buying going on in this counter. Well, every day is a new lesson.
Godrej continues to confuse, volatile as it is. At one point it sank to 236, but recovered to close 244.90. Not bad. This is another turn around story, and if there are no fire-works here nor FII inflows, it may well seek higher levels tomorrow. I see this scrip doing well over the next little while.
Gammon also displayed for the first time in quite a while, an out of character move. It traded in a set band today, neither spurting nor slipping, with good volumes. Im glad for this.
Allahabad Bank came within a whisker of 100. High was 99.35, and closed at 97.85. It is a difficult call, if one should stay or bail out. It may well tire itself out trying to cross 100, and fall back again. The surge that took place in most banking counters did not materialise here, is the reason for my comment. Ill watch just a bit longer.
During trading, I was very tempted to give a call on IndBulls for intraday today for its consolidation at 225 levels for most of the day. Sure enough the charge came late in the day and it closed 235, intra 239. There is something brewing here. Perhaps as most financial companies are doing well this is too going somewhere. FII/Funds investing is certain. I had earlier mentioned a second quarter target of 300, which it may far exceed.
NTPC, if anyone got off the slow train, you can safely get back on tomorrow, I feel. It should chug along on its way again.
Bharti never really gave a chance for anyone to get on intraday I suppose, and it peaked at 279. I had suggested 280.
Dabur as I had written will test 160 plus.
Noida Toll was suggested 24.95. Closed 27.40 today.
IOB was called at 84, now at 89.65.
Aegis Logistics called at 104, is consistently making progress and now at 133.
For now I am eyeing Aksh Opti Fibre. Closed today at 62.55, a very important level. At passing 64, it could do 68-69 levels. This is also one of the low volume stocks. Be careful with it.
Ashok Leyland is going to be a sure winner now. At 27.80, and try to enter at a little decline if possible. Short term target is 35.
Hey Sam, I hope ONGC is still with you? It again gained today, and looks good for 990 for sure, perhaps more. Hang in there for now.
So much for now.
Thanks.
For seniors, a few likely candidates for intraday from here:
Arvind Mills: CMP 232 off. Try to take at 231 on the up. May test 134-135.
IndBulls: CMP 232-233. Try to pick at 230 on the up. May test 237 plus.
Godrej: CMP 245-246. Try to pick at 243 on the up. May test 250-252.
Subject to indexes showing strength.
Please take care.
Arvind Mills: CMP 232 off. Try to take at 231 on the up. May test 134-135.
IndBulls: CMP 232-233. Try to pick at 230 on the up. May test 237 plus.
Godrej: CMP 245-246. Try to pick at 243 on the up. May test 250-252.
Subject to indexes showing strength.
Please take care.
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