Some Good Steals...

[caprice]

Hi Amit

Just wanted to see your opinion on Gateway Distriparks Ltd. cmp 279.50.. Volumes look good.. but I am not sure.. yet more to learn..

What is expected in future..

Thanks

Nishant

 

[AMITBE]

Hi Amit

Just wanted to see your opinion on Gateway Distriparks Ltd. cmp 279.50.. Volumes look good.. but I am not sure.. yet more to learn..

What is expected in future..

Thanks

Nishant

Hi Nishant...The difficulty here is your high entry. Some pullback is expected after a big move like it has made and the over bought state needs correction. Other than the over bought levels there is nothing yet to suggest the trend is completing.
Depends on how long you can hold, or how deep. There will surely be buying support at lower levels...as I had written, till 255 is not broken.
It's dificult to say how much further it'll go. Should the market hold up, 315 could be the next area looking at the move, but the rise may slow down in pace.
All the best.

 

[kkz59]

Saint

Thanks for the kind words.

Not on holiday - but Professional commitments in the month of October.

Have done nothing (luckily) in Shares in the last few weeks.

Believe, to-day downward freeze in Kitex Garments. Looking forward to a few more downward freeze to accumulate.

Kamalesh

 

[AMITBE]

Hi Amitbe, Saint and other very very seniors

Nice to be back. Visiting the site after 7 weeks.

Market has been through very trying times.

Views on Kitex Garments - Locked at the upper circuit for the last few days. Totally in a new unchartered territory. Volumes are reasonable. Am holding on for nearly a year.

Fundamentally good but illiquid scrips (only for the very patient investor):

Vadilal Enterprises
Sri Lakshmi Saraswathi Textiles

Sorry for the belated wishes to everyone for a Happy Diwali and a Prosperous New Year

Kamalesh

Hi Kamalesh, welcome back and nice to hear from you.
Your Kitex Garments looks good still. There is nothing to suggest a sharp reversal for now, and the trend would remain intact till 8.50-9 is broken, considering your holding capacity. For a support band look for 11.80-12.85-13.10-13.80.
Vadilal Ent has got into a sharp movemnt after a long time and may be a buy at sustaining above 92-94 with 82 as stop loss or even 77. You may already in, so watch below 74-77.
I couldn't locate the third one...if the name is right. Could you give the code.

Hope we will see you on a new thread with some nice fundamental calls soon, Kamalesh.
Best wishes.

 

[Saint]

Saint

Thanks for the kind words.

Not on holiday - but Professional commitments in the month of October.

Have done nothing (luckily) in Shares in the last few weeks.

Believe, to-day downward freeze in Kitex Garments. Looking forward to a few more downward freeze to accumulate.

Kamalesh

Yep,Kamalesh,doing nothing is the best form of activity the last few weeks especially if you are a long term trader or investor.So great going,my friend.

Saint

 

[VICKY_SEEKINGINR]

Hello Amit..

I want your advise on Amtek Auto.
Its very active in news so that's why i want
ur advise. can take it for short term.

Thanx

 

[AMITBE]

Hello Amit..

I want your advise on Amtek Auto.
Its very active in news so that's why i want
ur advise. can take it for short term.
Thanx

Not looking too bad Vicky...but not looking too great either!
May be with a strict stop at 270, and the levels to the up being 285-288-294-298.
I'm not suggesting a buy on this or anything else. Be cautious at the levels we are at now.
Take care.

 

[varun_chawla]

Hi Varun...Ranbaxy seems to have caught some momentum for now. Difficult to say if the recent down trend is complete or this is a corrective rally. For the downtrend to complete, it must close and sustain above 400-410. If so, it should make progress then. Keep a watch for now and maintain your stop.
I don't play in the F&O but check with joy_mitali.
Regards.

Thanks for the reply amitbe .. I would like to invest in some stocks for short term.. please suggest me some with strong fundamentals. Thanks

 

[lawrieking]

Amit & Saint. I have been waiting watchin as suggested. The market has picked up again and sensex closed at 8,595.92 +101.63pts
Should i wait? The stocks I have on my watched list have surged from 2 to 8% since the last low.

I am keen on Wipro, Gateway distri, Bharat tele, ICICI

Also understand ICICI coming with a new IPO issue.

thanks in advance for your advise
Lawrie

 

[darsh_goswami]

Hi Amit,..

One querry ahead ,.. Tisco is trading below its all 3 major moving avg. 50 Days, 100 Days n 200 Days ,.. Can u please explain me what is cooking on this stock? What kind of pattern is there on the chart?

Reliance had given breakout today with good volume. What next ? What could be the next target price,..? I dont know how to decide the Target, Can u please mail me regarding how to determine targets ? my email is [email protected],. hope i will hear very soon from ur side,..

Regards,..
Darsh Goswami