Some Good Steals...

[AMITBE]

Hi all,
Looking at some past calls again:
The last three sessions Gammon has been making agressive moves up from 269 to 274, to yesterday's high of 285. Yesterday was also the highest volume I have seen for quite some time, over 9 lakhs. Towards the end it slipped to 266.
A similar slip took place in Cummins a few sessions ago on sudden increase in volume one day and the scrip ralling steeply the next in a new up trend.
Watch Gammon today. If it seems to be testiing 285 again on volumes, surely an up trend is in place. If so, expect 295 first.
If it tests 263 on the down, keep off.
Hey saint, you may be interested.
On IndBulls, which has been in a temporary down trend last couple sessions from intraday high two days ago of 270 off, can stage a come back any time. Has support at 235 which may not be tested.
The target of 300 is still intact, so yesterday's close is a good price at 246.
Good luck.

 

[Saint]

Watch Gammon today. If it seems to be testiing 285 again on volumes, surely an up trend is in place. If so, expect 295 first.
If it tests 263 on the down, keep off.
Hey saint, you may be interested.

Hi Amit,
verrry interested..... .Looking good.Thanx for the heads up,my friend!

Happy Trading!
Saint

 

[AMITBE]

Hi Amit,
verrry interested..... .Looking good.Thanx for the heads up,my friend!

Happy Trading!
Saint

Hey saint, though Gammon tested 262.60 much earlier, is back at 269.35 on volumes. I'm very happy with it. Keep watch.
IndBulls is attracting heavy buying at current 242 off. Great price as I don't see any significamt down-side.

 

[Saint]

Hey saint, though Gammon tested 262.60 much earlier, is back at 269.35 on volumes. I'm very happy with it. Keep watch.
IndBulls is attracting heavy buying at current 242 off. Great price as I don't see any significamt down-side.

Took the Gammon.......looking good,thanx!!

 

[AMITBE]

Took the Gammon.......looking good,thanx!!

What price?
The spurt will come past 275.

 

[Saint]

Usually tend to take 1/2 earlier on(more anticipatory....entered at 268)....with a stop loss at 259.Will add later once the daily closes over 280

 

[sahil]

Dear Amit,
I am interested to know abt Petronet LNG, Ultra tech cement and Upper Ganga Sugar.

Petronet LNG raised tilll 55 then fall back to 48-50 range.
Ultra Tech Cement..this company posted losses of 6 crore but the script gaines 100 pints in last 1 month. any comments
Upper ganga sugar currently at 270-280 range..is it due for correction.
Thanks a lot.
regards,

 

[AMITBE]

Something about the moves of Century Tex remind me of Titan, to the extent that it would be difficult to place a target for it going by its sheer velocity when it moves, and moved it has with strong conviction. May rest a while around todays close.

Had written this on July10 when CenTextiles was at 298. Had again called it three days ago when it had dipped to 295 off.
Today it has tested 337.40 and still fighting at 336 off.

 

[ssnkumar]

Hi,

Today Anil Ambani has announced that, shareholders of RIL will get shares in 4 more companies in their fold.
The news can be read at: http://www.indianexpress.com/full_story.php?content_id=75636

What if I have only 5 or 10 shares......how many will I get?

Anybody has more info on this?

Regards,
Narendra

 

[AMITBE]

Hey saint...
Twice today Gammond made a charge at 275 without a break out, and closed 273. I'm holding another couple sessions and tomorrow may be decisive. Has to clear 275.
Another counter MPHASISBFL has been staging a recovery past three sessions. Today it made a high at 276.75 and closed 273.10. It needs to clear 277, its 20 and 50 DMA for an immediate target of 285-290. Volumes were much improved today.
Watch it friend.

Hi sahil and Narendra, I'll come back later in the evening with info.
Thanks.