Some Good Steals...

[brewin_vaz]

Great going,brewin_vaz.....and great stuff from Amit as always.Rising wedge or ascending triangle,a breakdown below 204 is either an ascending triangle failure or a successful rising wedge at the end of an uptrend.....and either way,a time to sell.Break below 195 is confirmation as previous monthly low is taken out.Break below 182,and expect a more severe correction.

Always great to see such discussions.Also gets the best out of Amit......Great stuff !

Saint

Hi Saint, Thanks for the expert info. Trading is definitely part art and part science. You guys are really good at it. And deserve the recognition and acclamation for sharing information and providing help to many newbies (which includes me) on this forum. There are countless sites on the web which provide valuable info only after charging us. So great going super traders. I really appreciate your effort in guiding and enlightening us.

 

[AMITBE]

AMITDA
how do u like UCO BANK ? it seems to be very stable > 30/= (+) .

RAJASTHAN SPG. & WVG. MILLS LTD also stable at 130/= (+)

pl comment.

Hi Nandan...let's wait for UCOBank to move over 33, and review it then. No trend at present.
RajSpg too is not on for now...135-140 plus have been difficult to pass over a few attempts. Wait on this for 135 and update please. Volume also needs to improve quite a bit.
Thanks.

 

[AMITBE]

Rolta is looking like breakingout at 175. Should it go, 185 first is likey, though the market sentiment is low.
Watch close those holding position.
Thanks.

 

[mail2joshi]

Hi Joshi...can you post where you entered..

Hi Amit,
Sorry I didnot get you.

Please tell me what information you needed to answer my doubts.


Regards
sjoshi

 

[nirmald]

Dear Amit,


Just look at HLL, seems like making a move. Whats ur view on this.

Rgds
Nirmal

 

[AMITBE]

Hi Amit,
I have Allahbad bank @ 91 and Centurian bank @19.5
I was reading moneycontrol and this article says *stay away from banking sector*

http://markets.moneycontrol.com/stocks/mktviews/news_detail.php?autono=183202&sr_no=1

Please advise me on my above 2 scrip. I am bit afraid on the market trend/correction now a days

Regards
sjoshi

Hi Joshi...very sorry about that...
AllahabadBnk is so far so good, though it finds it very difficult to get past 93-94, and again 99-100. It will gain by and by and has under performed so far. I'm not too concerned about what the experts say, but with AllahabadBnk, it's going to be a wait...more like a mid to long term counter. If so, s/l is 85.
I've never really liked CenBnk too much as the moves on this are usually news related. It should be ok in the mid-long term also. I would personally take my money to some other counter though.
You should be getting your entry price at some point, so it's your call from there.
Thanks.

 

[mail2joshi]

Hi Joshi...very sorry about that...
AllahabadBnk is so far so good, though it finds it very difficult to get past 93-94, and again 99-100. It will gain by and by and has under performed so far. I'm not too concerned about what the experts say, but with AllahabadBnk, it's going to be a wait...more like a mid to long term counter. If so, s/l is 85.
I've never really liked CenBnk too much as the moves on this are usually news related. It should be ok in the mid-long term also. I would personally take my money to some other counter though.
You should be getting your entry price at some point, so it's your call from there.
Thanks.

Hi Amit,
Thanks a lot for your valuabe suggestions.

I will hold Allahabad bank for mid term and will exit from centurain bank as early as possible.

Regards
sjoshi

 

[AMITBE]

Dear Amit,


Just look at HLL, seems like making a move. Whats ur view on this.

Rgds
Nirmal

Hi Nirmal...HLL I like and have from a way lower level. It's been a slow climb, and I'll probably exit past the results, which are expected to be good.
At 182 off it's high, and tends to be volatile. My expectation is 195-200.
On the other hand, a lot of the experts on tv give it a mixed resonse, and always compare it to ITC where they feel safer making comments. For that reason too HLL gains gradually.
Close to the resulta, the climb to 200 levels may be quicker, so go in if you like with s/l at 175.
As such I'm not making any buy calls till the market shapes up. There will always be good nippy counters later.
Thanks Nirmal.

 

[mail2joshi]

Hi All,
I got one strange problem.
I was trying to put sell limit on Centurain bank, but got the error, plz check the scrip name...correct scrip name is CENBK.

I bought the Centurain stock through BSE and the code is 532273.
I asked my 5paisa agent , and he gave me scrip name CENBK with code 11339.

and when I asked about whats the BSE code 532273 stands for, he said,"its different."

Then I gave him a link
http://markets.moneycontrol.com/sto...c_id=CB05&ccode=004&rbse=CENB.BO&rnse=CENB.NS

and he is not replying.

Does anyone get similar problem before or is there any workaround for it.

Amit Sir, can you plz throw some light on this too

Anyway I am using 5paisa as my agent and I am really not happy with their software and service.

Regards
sjoshi

 

[AMITBE]

Hi Joshi...your agaen doesn't know what he's talking about..
The code he is giving you is for APPLE CREDIT.
You gave him the right one for Cenbk.
However, don't be in a dashing hurry to sell today. Wait for your price at least. It should come.
Regards.