Some Good Steals...

[Agilent]

Hi Agilent...Am suggesting levels above which your selection may be reviewed.
Gateway is a runaway success already.
Diamond continues the plunge though may be bottoming out a bit but I don't have today's charting on this. I'd wait for at least 54-55 to be taken and assess it then.
Mindteck would look cleaner above 48 for me. Till then there would not be any confirmation.
Mangalam Timber, track close for now till 35-36 is taken.
Mysore Cement needs to rise above 26-27 for clarity.
Do get back for clarification if any.
Thanks.

AmitBe. Thanks for your perspectives (Wonder how u get the time to cater to so many queries from so many of us).
Perhaps you or anyone else following Cement fundas' can tell me how much ( if any) benefit Mysore Cement stands to gain from the recent hike in cement prices ... when will this co.turn profitable ?

 

[mail2joshi]

Hi Amit,
I am seeing some movement in Deepak Fertiliser and Allahabad Bank.
My entries are
DeepakFert @ 91
AllahabadBnk @ 92

Can you please advise me on the above two.

Regards
sjoshi

 

[AMITBE]

hello Amit..

I have been out a long time now.. What did I miss..

I had Gail @ 253 - 100 shares at the starting of the month of october and Dr. Reddy @ 911.18 - 11 shares... as the market toppled... I went into hibernation for better days.. Been busy in my other work.. System and Network Administration..
What are the markets saying.. I would be Glad if I can have your advice..
thanks
Nishant ( Caprice )

Hi Nishant...glad to see you back.
You must know what the market is saying?
Well, it's been making happy little gurglings lately, after the recent howls of pain.
On your scrips, Gail is a great buy and been coming up nicely. A close above 250 or so will move it higher.
Dr. Reddys is coming up too, and close to your entry. Should it close above 930 or so, you may see higher levels. I've never really favoured this counter. It's too news driven, and the pharma sector as a whole has had few winners in recent times. It's your call with it.
Best wishes.

 

[caprice]

hi Amit

Thanks for the advice amit.. I appreciate your advice to this novice..

Please suggest me some sound stock to invest in.. with stop loss and time periods would be helpful..

Thanks

Nishant

 

[lawrieking]

Dear Amit,

Bharat tele ventures :
ICICI Bank :
Wipro :


would it be a good time to buy? I am looking at med to long term .

Thanks your advise.

regards
Lawrie

 

[AMITBE]

Hi Amit,
I am seeing some movement in Deepak Fertiliser and Allahabad Bank.
My entries are
DeepakFert @ 91
AllahabadBnk @ 92

Can you please advise me on the above two.

Regards
sjoshi

Hi Joshi...been a while and not seen you.
Both Deepak and Allahabad Bank came out with below expectation results.
84-85 is what Deepak needs to rise above as a first step to recovery. It's pretty decent buy at current levels, 82, and being a strong company will certainly do well. You may need to wait it out but will get your price over the next little while, market being good. The problem technically in the short term is with the possibility of a H&S break at 82 where 75 levels will hold the key. If 84 is taken and sustained, the danger should pass.
Allahabad Bank is more difficult. It's been rangebound and sideways mainly for several months and tends to be volatile and sensitive at higher levels of the range. There's much supply along the way to 91 which itself has been a difficult mark. Climbing above 84-86 is vital for recovery at this point with 75 being the point of breakdown.
As your stops were not triggered, hang in and wait I suppose.
Regards.

 

[AMITBE]

Dear Amit,

Bharat tele ventures :
ICICI Bank :
Wipro :


would it be a good time to buy? I am looking at med to long term .

Thanks your advise.

regards
Lawrie

Hi Lawrie, your time frame is good and all three should do well.
For now the big jump in Bharti is perhaps over. It was great at 220 a few monts ago, and going forward may not show this strong a move. Take it at some correction to this rally. 325-330 would be a great entry as there is good support here. Below this 310 is good too. I'm not sure how and when it could get there but for entry this is great. Or just take it any any decline at some point.
ICICI you may want to wait and watch for now. From now on as it makes it to higher levels, 512-525-535, it would be making the the right shoulder of a possible H&S, a bearish pattern. Either wait for a break above 545, or a break below 480 and support at 460.
Wipro is fine at any decline. Has good support at 360-370 and could be taken on the up close to here, or at 380 if this seems strong too. A dream entry would be around 350.
Regards.

 

[AMITBE]

hi Amit

Thanks for the advice amit.. I appreciate your advice to this novice..

Please suggest me some sound stock to invest in.. with stop loss and time periods would be helpful..
Thanks
Nishant

Not an easy call, Nishant. There are so so many around that will do well, and your time horizon would define how you wish to play.
I'd find it easier to give feedback if you came up with a selection and suggest a hold period, as in the post above.
The market is far from giving clear signals for taking new positions in any case.
Regards.

 

[caprice]

Not an easy call, Nishant. There are so so many around that will do well, and your time horizon would define how you wish to play.
I'd find it easier to give feedback if you came up with a selection and suggest a hold period, as in the post above.
The market is far from giving clear signals for taking new positions in any case.
Regards.

hi Amit...

Thanks again for the advice... I do see your point.. Market is all haywire... I am also waiting for the better stability.. Lets see.. I will come up with some scrip names.. Then you can help me.. till then I stay put..

Thanks Again

Nishant

 

[adilsaleem]

Amit help me on ITC and Reliance , I am looking to buy and hold for 2 months. What would be a good price to buy these stocks.