Some Good Steals...

[AMITBE]

Hi Amit,
i was going through the chart for AShiana housing and finance...it is beautiful graph and ascending one...
it has also formed double tops 2 times...also crossed that level and rised at great rate...can u have a look at it...whether it is buy at 100-120 level..
Thanks
\Madhura

Hi Madhura...just seen the chart. The rise from 52 to 130 is quite steep and I'd prefer to watch this for now. It really should be correcting to find a stable ground somewhere to consolidate, or else it could remain volatile.
It's a good idea to go to BSE website to check on its financial data, news release, announcements etc to find the reason for this kind of move.
Housing finance is a fancied sector, but does Ashiana have a wide enough network to compete with many other national level players, that is another issue to consider.
Do track if you like and observe how it does...we could discuss it again.
Regards.

 

[AMITBE]

Hi Amit...I want to know about ICICI Bank, i am in it from 530 AVg..Booked Half profit..
I want to know that in coming days 600 is Brakeable? Please comment.

Hi Vicky...the uptrend appears to be quite firm and would be sensible to stay invested. 600 mark would come at some point, but there's nothing in the data that would ever suggest a time frame for targets. Looking at the trend, momentum etc, you'll find techies suggesting near term, short term, mid term etc. Along the way there will be days when the markets will take a beating...or those who came in lower will book profits...at high index levels, there will always be selling pressure. So all in all, predicting time for a target which is still a fair distance away with certainty, is not a TA thing.
Cheers.

 

[naga2054]

Amit Bhai..
Titan has given a nice breakout.. is it a time to get in.. pls. advice.

Also, if possible, lookat: Nucleus and Gruh Finance.

These looklike breakouts after months of consolidation..

eagerly awaiting ur response
nagzu

 

[AMITBE]

Hello Amit!
Narmada Chemateur Petro at 49 plus...
as far as i can recolect you had given 47 as a sticky level...Regards Roneeth

Hi Roneeth...good tracking...Yes, looking good and if you want in, take it above 49.80. Firm s/l, if this is for a short trade, as I think it should be in this kind of a market, is 46. Moving up, maintain a tight trailing s/l.
Cheers.

 

[AMITBE]

Amit Bhai..
Titan has given a nice breakout.. is it a time to get in.. pls. advice.
Also, if possible, lookat: Nucleus and Gruh Finance.
These looklike breakouts after months of consolidation..
eagerly awaiting ur response
nagzu

Hi Nagzu...very quickly on Nucleus...I've been tracking this...In fact I had called it a couple of weeks ago, but the volume failed to show up. Got in today passing 306 seeing the volume coming in. I'm keeping strict s/l at 108. In for 330 then out.
Just stepping out for a bit...back soon.
Cheers.

 

[AMITBE]

hey amit....
guficbio is lookin gooooood on the charts............beautiful chart..........a buy now....or a consolidation is expectd???

Hi devansh_god...Gufic is looking distinctly bearish and may breach a key suppot at 28.50. We'll have to watch it for now to see where it goes.
Regards.

 

[caprice]

Hi Amit

Suggest me some good positions for the next coming few days.. Do you like any particular scrip that I could invest in.

Thanks

Nishant

 

[AMITBE]

hi amit,i'm holding ajanta [email protected],[email protected],idfc@66,[email protected] tell me what to do?

Hi reejan...
Ajanta is keeping under some sticky levels currently. 15-16 have been tested several times without success and need to be cleared for an upside. Hold for now, but keep a stop at 13.50...below this the dip can be deeper.
Sangam...You've bought in very high, so wait to see if it creeps up, it's at an important support. In case it wants to breach 76.50, take your loss and exit. It could be a sharp dip from here.
IDFC...is a hold. Keep it for as long as you can, like an investment...will help recover some losses if any.
Albert...is at an important support and needs to pass the following to the up..143-147-149 to register further gains. To the down, 137 is the tight s/l to conserve capital and minimise losses...you may wait for 136 too.
A word of caution...please don't ever go chasing runaway counters. These are potential traps. Always wait for a decline if you like something that's running away.
Regards.

 

[AMITBE]

bajaj AutoFinance up 16%. Amit, would like to know ur views. esp. buy/sell , targets.. i got in at 350 Nagzu

Hi Nagzu...you joined the parrty late...it's been coming up from 283. Ride it to see where it wants to go, and be prepared to quit at any sign of weakness. The uptrend seems good and the counter is well known, but the market is just not doing what it should be doing...pulling back to lower levels to consolidate. The day the big players take profit and step aside, there may be panic selling. They've all made a killing already and will happily let it slide, if not already shorted heavily in the derivatives too. Be cautious.
If the market keeps up a little more Titan, attempting an upside, as a momentum play could gain past 530 to 550 and possibly more.
Gruh Finance...looks good, but has 83-85 to clear. I'd play safe and get in there.
Hope you took Garden Silk? Had a dream run.
I'd called Chemplast too...but past 105. Was circuit locked at 103.90. 110 next resistance, and past this a free run to possibly 120.
Cheers.

 

[yastec]

hey folks how was my recommendations on india infoline at 128 now trading at 166 in four trading sessions.may god bless you all.

date 20sept2005
kanchan int @53.45
falcon tyres @151
vardhaman poly @122.80
usha dev int @41.50
amtek auto @304
era contruct @170
narmada [email protected]

these are for tuesday.buy in the morning at 9.30 and make money this week.RAJESH KESAVEN
for more [email protected]