Some Good Steals...
- Thread starter AMITBE
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It's both amusing and amazing to see how the market plays the scrips and the indexes along their technical parameters:
The NIFTY all day kept below 2340, and at clearing that went and halted at 2360. These really were the upper bands for today, but after the last couple of sessions, who would even imagine that the upper levels were going to be tested!
Bharti has been struggling at the 300 mark for a bit now. Till almost noon this continued. Only after clearing this did the rally come to top at 304.90, precisely it's upper band for the day.
Allahabad Bank had gone and fallen below the 91 jinx again the last two sessions. Again, late in the day at breaking this after a long fight, did the rally come to top at 93.25, right in between the two upper bands for the day.
Gammon did even better. After pushing all day against 278 (279 being the sticky level) and falling back, but yet keeping above the danger at 275, it cleared 279 and closed on the nose of 279.50, its first upper band for the day.
Same with GujNRECoke. 130 was its dreaded level for all these weeks. At a close above that yesterday, the rally came to 140 as I had mentioned yesterday. Intrestingly, 134 was also mentioned as a point of resistance, and this was exactly the upper band level for the day.
It has been mentioned in this thread earlier that MphasisBFL needs to clear 277-279 for the rally to continue. It hit the high of 279.45 after a long struggle and went and closed still below, at 275. The 279 mark was way beyond the upper band to cover in one day. (There may be some more ground to fight for, but it can move anytime.)
Dabur's upper band for the day was a mere few paise above its close at 151.25
Arvind's upper level was 232.80. It finished at 232.65.
And so on.....
Amusing and amazing for sure.
The NIFTY all day kept below 2340, and at clearing that went and halted at 2360. These really were the upper bands for today, but after the last couple of sessions, who would even imagine that the upper levels were going to be tested!
Bharti has been struggling at the 300 mark for a bit now. Till almost noon this continued. Only after clearing this did the rally come to top at 304.90, precisely it's upper band for the day.
Allahabad Bank had gone and fallen below the 91 jinx again the last two sessions. Again, late in the day at breaking this after a long fight, did the rally come to top at 93.25, right in between the two upper bands for the day.
Gammon did even better. After pushing all day against 278 (279 being the sticky level) and falling back, but yet keeping above the danger at 275, it cleared 279 and closed on the nose of 279.50, its first upper band for the day.
Same with GujNRECoke. 130 was its dreaded level for all these weeks. At a close above that yesterday, the rally came to 140 as I had mentioned yesterday. Intrestingly, 134 was also mentioned as a point of resistance, and this was exactly the upper band level for the day.
It has been mentioned in this thread earlier that MphasisBFL needs to clear 277-279 for the rally to continue. It hit the high of 279.45 after a long struggle and went and closed still below, at 275. The 279 mark was way beyond the upper band to cover in one day. (There may be some more ground to fight for, but it can move anytime.)
Dabur's upper band for the day was a mere few paise above its close at 151.25
Arvind's upper level was 232.80. It finished at 232.65.
And so on.....
Amusing and amazing for sure.
Hi Amitbe,
Would like your views on Alok Textiles...i bought [email protected], but it has been trading at about 71 for the last 2 days, is the break out expected soon?
Regards,
Dheeraj Mehta
Would like your views on Alok Textiles...i bought [email protected], but it has been trading at about 71 for the last 2 days, is the break out expected soon?
Regards,
Dheeraj Mehta
Hi all,
As written yesterday, GujNRECoke lived up to 140. This has now turned a bull stock, and I expect it to head towards 165 in course of time. There are a few levels on the way, but that should be ok. In the near term, it needs to clear 145 to hit 150 and there is every reason to believe that it will soon.
Aftek made easy of the resistance at 106 to close 108.70. Expect 112 soon, though there will be some profit taking here.
Aarti is making slow but steady progress. Called at 131 off closed at 137.65, heading for 150 near term.
From the calls this morning during trade, Gufic Bio still looks interesting to me. My attention was first drawn to it by ravi t recently. It has been running up since a month ago, from 24 to 38, and with today's close at 32.85, the short term down correction may have completed. It should consolidate around here, and I saw huge accumulation today. Keep it on watch.
Bank of Rajasthan can be looked at too. If interest in banks comes back, a quick target of 60 seems likely.
A good intraday play for tomorrow is Zuari Agro. I had called it for intraday a while ago and it did very well. For tomorrow, try to pick it on the rise at 94 off for a target of 100-102. S/L is 91.
Just a quick word on Alok: The rally is very much on for a near term target of 80.
The rest of the queries, please give me till this evening. Have not been able to do a lot of homework yesterday.
Thanks.
As written yesterday, GujNRECoke lived up to 140. This has now turned a bull stock, and I expect it to head towards 165 in course of time. There are a few levels on the way, but that should be ok. In the near term, it needs to clear 145 to hit 150 and there is every reason to believe that it will soon.
Aftek made easy of the resistance at 106 to close 108.70. Expect 112 soon, though there will be some profit taking here.
Aarti is making slow but steady progress. Called at 131 off closed at 137.65, heading for 150 near term.
From the calls this morning during trade, Gufic Bio still looks interesting to me. My attention was first drawn to it by ravi t recently. It has been running up since a month ago, from 24 to 38, and with today's close at 32.85, the short term down correction may have completed. It should consolidate around here, and I saw huge accumulation today. Keep it on watch.
Bank of Rajasthan can be looked at too. If interest in banks comes back, a quick target of 60 seems likely.
A good intraday play for tomorrow is Zuari Agro. I had called it for intraday a while ago and it did very well. For tomorrow, try to pick it on the rise at 94 off for a target of 100-102. S/L is 91.
Just a quick word on Alok: The rally is very much on for a near term target of 80.
The rest of the queries, please give me till this evening. Have not been able to do a lot of homework yesterday.
Thanks.
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