Some Good Steals...

[VICKY_SEEKINGINR]

Hi Vicky...it's certainly looking ok now but I don't know about the 5 to 7 Rupee jump. Stop level here would be 28.50 though it'll never really sink alarmingly.
It's a one Rupee share and has under performed so far and has risen only at these high levels. So the risk is obvious and on the other hand this move was long awaited too.
Go in cautiously.
Regards.

Thanks Amit.

 

[VICKY_SEEKINGINR]

I am very surprised about TITAN

Missed the fast train

 

[mail2joshi]

Hi Amit,
A news regarding Centurian bank of Punjab..
RBI allows overseas investors to buy more Centurion Bank shares
And today its juming around 7-12%

Please advise on it.
I have stock of CBOP before its merger with Bank of Punjab @ 19.6

Kind Regards
sjoshi

 

[AMITBE]

Hi Amit,
A news regarding Centurian bank of Punjab..
RBI allows overseas investors to buy more Centurion Bank shares
And today its juming around 7-12%

Please advise on it.
I have stock of CBOP before its merger with Bank of Punjab @ 19.6

Kind Regards
sjoshi

Hi Joshi..hang in for now. 21.50 is going to test CenBank and if it can take this, will go further possibly to 23 first but it's likely to be a fight. Currently 18.50 is support and s/l.
For an extended while PNB has not done a great deal either and the two are related now.
Regards.

 

[mail2joshi]

Hi Joshi..hang in for now. 21.50 is going to test CenBank and if it can take this, will go further possibly to 23 first but it's likely to be a fight. Currently 18.50 is support and s/l.
For an extended while PNB has not done a great deal either and the two are related now.
Regards.

Hi Amit,
Thanks a lot for your valuable support always.
I am keeping a watch on this.

Regards
sjoshi

 

[VICKY_SEEKINGINR]

Hi Amit..

are you watching TVtoday?
Vol. is increased.

Technically any target?

 

[garun1979]

Hi Joshi..hang in for now. 21.50 is going to test CenBank and if it can take this, will go further possibly to 23 first but it's likely to be a fight. Currently 18.50 is support and s/l.
For an extended while PNB has not done a great deal either and the two are related now.
Regards.

An obsrvation PNB is not related COBP. it was cb and bop which were merged. bop does not trade on exchages any more. the merger rartio was 4 shares of bop = 9 shares of cb.

thanks
gaurav

 

[AMITBE]

An obsrvation PNB is not related COBP. it was cb and bop which were merged. bop does not trade on exchages any more. the merger rartio was 4 shares of bop = 9 shares of cb.

thanks
gaurav

Thanks for the correction there Gaurav. Yes, got confused there between the Punjabis!

 

[AMITBE]

Hello Amith,

Bata broke 164 and now cmp 166. Please advise me a stoploss level, where i fail most of the times.

Regards,

Roneeth

Hi Roneeth...sorry I missed this one.
There is no real cause for worry for now but if want a number then 157 would be it. A new move is being built now and it's a wait and watch.
If the market shows signs of tanking sharply then exit.
Regards.

 

[AMITBE]

Hi Amit..

are you watching TVtoday?
Vol. is increased.

Technically any target?

It has sneaked up from the 74 low recently, Vicky, in a stright climb and volume increased yesterday. It's high relatively from there, and would likely run into heavy supply at 105.
Unless there is specific news you've tracked, you may want to pass it now.
Media stocks have been moving as a pack since yesterday on news of increased foreign holding allowed in the FM radio area I believe.
The market is showing increased volatility and this is no time to play it.
Regards.