Some Good Steals...

[mail2joshi]

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.

Hi Amit,
Thanks a lot for your usual prompt reply and valuable suggestions.
I am not selling them at market price..I am setting a sell limit, I put 21 to sell them which I am sure , it wont hit today anyway, and if hit I will get some profit

Also I read one news regarding Centurain bank, and since I am a layman , I tried hard to understand but cudnt get anything how it will affect the rise or fall of Centurian scrip

http://markets.moneycontrol.com/stocks/stock_market/coprannounce.php?sel_comp=CB05


Thanks Amit for your kind suggestions.

Regards
sjoshi

 

[AMITBE]

Hi Joshi...read the link, but would be interesting to know is how many Bank Of Punjab shares will share holders of Cenbk get...and when that record date is. Call your agent after market hours, and do a search on the net.
If there is anything good in this for Cenbk share holders then it would be a good idea to hold for now. Do check the info.
And please drop the 'sir'!
Cheers.

 

[usha]

Hi Amitbe,
I bought Tata Chemicals @205.30(in futures 1lot=1350 shares)And
Escorts @100.80 (1 lot=2400 shares). Now both the stocks are trading very low causing me a lot of headache and heartattacking losses. I am still holding the position. Please please suggest me how the stock is looking technically, what is the support levels of these stocks?can I hold it? any news about the stocks? Why is it going down day by day? Tommorrow is infy's results and I donot know I can bear any further loss. Please help.

 

[nn0023]

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.

THANKS AMITDA.

 

[AMITBE]

Hi Amitbe,
I bought Tata Chemicals @205.30(in futures 1lot=1350 shares)And
Escorts @100.80 (1 lot=2400 shares). Now both the stocks are trading very low causing me a lot of headache and heartattacking losses. I am still holding the position. Please please suggest me how the stock is looking technically, what is the support levels of these stocks?can I hold it? any news about the stocks? Why is it going down day by day? Tommorrow is infy's results and I donot know I can bear any further loss. Please help.

Hi Usha...you must have done well with ICICIBank?
With TataChem, at 194 it lies above some important supports at 188 to 193. However there are a few resistances at 197-203 on it's way to 205 which itself is a resistance mark. There is some faint indication of a possible revival and should gain strength past 197, it's 20 DMA. Do watch and update after today.
The call is more difficult with Escorts. It's been dropping steadily though the drop my be arrested at 87-88. If it can climb and close above 91-93, there may be good chances of attempting higher levels. Again, do track and update tonight. The news here, if it is pertinent, is the proposed sale of Escort Hospital which has run into difficulties?
All the best.

 

[AMITBE]

There are a bunch of unanswered queries still, and as I have been reorganising my data, I have fallen back. Will update very soon.
Thanks.

 

[roneeth]

Hello Amit!

Hope you are doing fine...Bata India closed yesterday at136...i had entered at 150,
had some problem with my p.c yesterday i have not taken my stops yet...
Could you please advise me .....

Regards

Roneeth

 

[AMITBE]

Hello Amit!

Hope you are doing fine...Bata India closed yesterday at136...i had entered at 150,
had some problem with my p.c yesterday i have not taken my stops yet...
Could you please advise me .....

Regards

Roneeth

Hi Roneeth...sorry to hear that, though I had suggested 142 as the final stop.
At this point there are supports at 134-135, and a climb above 142 is crucial and should come inevitably. A lot of the counters in this range are doing badly for now, but buying should emerge at these levels as the market improves. They are way over-sold.
The mid to long term story in Bata is still good.
Do update again please.

 

[AMITBE]

Hai Amitji,
Can I have your advice on the following stocks.
1) GE Shipping
2) AArvee Denim and Exports
3) TV 18
4) Induj Enertech Ltd
Thanks
TOM

Hi Tom...please do drop the 'ji' from my name! Amit is good..
It would help if you gave your entry on these, if already in.
If not, do stay away from any and every counter for now.
Once the market improves, check back again please.
Thanks.

 

[mail2joshi]

Hi Amit,
According to some experts market trend will get one direction after Infy and TCS declare its Q2 result ,but I think market is still uncertain.

looking at the present scenario please comment on NTDV and NTPC

Regards
sjoshi