Some Good Steals...

[Lal]

Hi Amit and Saint,

Firstly, kudos for the invaluable assistance you have been providing everyone with.

Not too sure if this is the right thread to post this entry in. Would like to have your comments on the following scrips that I hold. Since the market does not have a clear indication about where it's heading (not that it ever does), would like to know what I should be doing with these shares. FYG, I'm a amateur investor and am keen to go long term on promising companies. However, I am not averse to short term trades either. Please advise.

Bhartiya International @ 98 - CMP 72
Yes Bank @ 71 - CMP 66
Glenmark @ 170 - CMP 290
Jindal Saw @ 350 - CMP 395
Hindalco @ 122 - CMP 134

Also, would be grateful if you could suggest some really long term buys which, in all probability, will yield approx. lets say... 20% per annum.

Thanks once again for your support and assistance.

Regards,
Lal.

 

[AMITBE]

Hi Amitda

How r u doin?
Amitda, ur views on a few counters.
Asian Hotels CMp 434 entered at 430
Gati Corporation CMP 275
Champagne Indage is hitting upper circuit for a couple of days now.
n Aegis Logistics.. Broke out from 190.. sitting nicely at 231 today.
cheers
vizzie

Hi Vizzie.. doing well..how are you doing?
There is no clear reason for coming in on Asian Hotels at this point. It has been sideways for sometime and needs to cross 437-447 to get higher. When it does, watch for 455 being resistance. Support is at 425, and then deeper at 414.
Gati has shot up on some news it seems. I don't know how it's doing today but it would be chasing it at this point. Will trap with inevitable correction.
Difficult call on Champagne...I really don't like the idea of chasing circuit breakers...at some point they usually do the same in reverse. For now there evidence of stronger support at 260-264 and depending on the price action as of today you could enter with this in mind...but please..this is not a call to enter by me.
Same is the case with Aeigs Logistics. The risk is too great.
Sorry Vizzie...no encouragement from my side on any of these...they are too high at this point, and mostly being good companies, your chance may come later after some correction.
The market is playing out the survival game at this point...relatively speaking it's high into the pullback with nil consolidation after the fall pre Diwali. There is every chance it'll correct again and will remain choppy. This really is the time to stand by and watch. Great opportunities will come by and by. Be patient for now is what we have to.
Take care.

 

[ashimindia]

Hello Amitbe,
Wonder if u had a look at ADLABS,i had requested for your indulgence on this script yesterday,.It is now at 305/as aginst 288/. May i request your early opinion pl.
thanks

 

[nn0023]

HI AMITDA
back after a long time.
i am out of market,so not able to grasp the situation.
Is any positions that can be taken now ?

Seeks ur outlook about MAHARASTRA SEAMLESS .

Thanks & Regards

nandan

 

[AMITBE]

Hello Amitbe,
Wonder if u had a look at ADLABS,i had requested for your indulgence on this script yesterday,.It is now at 305/as aginst 288/. May i request your early opinion pl.
thanks

Sorry Ashim...do indulge me...I'm often hard pressed for time.
305 is where this one sticks from past data and then at 320. Based on the moves recently, it's bouncing off 255-265 strong supports, and from short term oscillator it's showing bullish tendencies but early to say in the mid term.
At this point has support deeper at 270.
The news of multiplexes is old as far as I can remember, and if so, it's likely to have been factored in.
A clear move to the up should come above 320-325.
Regards.

 

[sahil_ksa]

Amit G,

I wish I am not losted in the crowd

Please reply

Sahil

 

[AMITBE]

HI AMITDA
back after a long time.
i am out of market,so not able to grasp the situation.
Is any positions that can be taken now ?

Seeks ur outlook about MAHARASTRA SEAMLESS .

Thanks & Regards

nandan

Hi Nandan...nice to see you back.
The market is moving as you can see, rather well. Still a watch though very interesting.
MAHARASTRA SEAMLESS is not looking good...seems to be playing out an extended H&S the confirmation of which would come at a break below 430. This would be negated at crossover at 485. Watch it for now.
Cheers.

 

[AMITBE]

Amit G,

I wish I am not losted in the crowd

Please reply

Sahil

Hi Sahil..no..you are not lost in the crowd, though I feel as if I am...
You'd put up a longish list last night and will take me time...with all my own stuff to do here too.
I had already replied to the earlier call when you seemed stressed, and Dabur and Satyam were your new queries.
Dabur I believe has gone ex bonus or dividend or something recently and not keeping up with this rally for now, moving sideways. It's a great counter in the mid to long term mainly...will do very well. 159 showed strong support recently and could be taken at price weakness about there...not for the short run though.
Satyam is too high now. Has support at 610 if and when it gets there.
I'm not advising any entries at current levels of the market, however.
Regards.

 

[AMITBE]

hi amit,
Today i bought paradyne 500 @ 75.5
can any body suggest, to hold this stock for medium term or if any stop loss to take it out in short term.
Please advise Jikku

Hi Jikku...I'm afraid I don't track IPOs, and technically there is no historical data, being listed only yesterday.
Check to see the company website for financial performance to see where it's coming from.
Regards.

 

[AMITBE]

Amit Da,
Can you please advise me on Noida Toll Bridge and Abhishek Industries from mid to long term horizon.

Many Thanks
Atul

Hi Atul...Noidatoll is consolidating after the recent volatile action. A break above 32 would be worth a look for now.
Abhishek has been a rank under performer and the current charts are not too pleasing either. It's hands off for me.
Regards.