Some Good Steals...

[flyingkolours]

Hi Amit,

i bought a call option of ranbaxy (OPT-RANLAB-25-Jan-2006-360-CA) and am in a dilemma whether to hold it until the results on jan 18th or square it off now itself..
Will ranbaxy exceed or even reach the market expectations now?

 

[AMITBE]

Hi Amit,

i bought a call option of ranbaxy (OPT-RANLAB-25-Jan-2006-360-CA) and am in a dilemma whether to hold it until the results on jan 18th or square it off now itself..
Will ranbaxy exceed or even reach the market expectations now?

Hi...you could post this in the derivatives section for more experienced members to respond. I don't usually trade there.
On the charts a spurt should come past 400...it's moving well today for now.
Support at 360 and s/l 350.
Regards.

 

[AMITBE]

Hi Roneeth, yes a great move in India Cements.
At 119 now it runs into some strong resistance levels. 122-225 would be quite difficult in this round perhaps. Keep close watch and then you may want to take some off around there and trail stop the rest. 110-112 is s/l.
Hold Guj Ambuja and trail stop. S/l 81.
I'm afraid I have no info on the others and you should check with your brokerage company.
Good luck.

Hi Roneeth, if 125 is taken and held on India Cements, wait for 129-133 for now.
It's run up hard and some correction should come soon, and if the market finally drags it down, exit to return later.
Regards.

 

[flyingkolours]

Hi...you could post this in the derivatives section for more experienced members to respond. I don't usually trade there.
On the charts a spurt should come past 400...it's moving well today for now.
Support at 360 and s/l 350.
Regards.

thanks amit!! i wanted your opinion as i've been following your views since a long time...

i hope the results are good for my sake!!

 

[AMITBE]

Hi Amit,

Could you give your opinion on Sonata Software- for last few trading session the stock is moving upward with a good volume.

NSE CODE : SONSOF
CMP : 41.30

What is short term target for the stock.

Apperciate your help.

Thanks
Mejo

Hi Mejo, after the remarkable move recently Sonata is consolidating well just below an important resistance at 42.
In due course if 42 is taken out, 44-47-50 would be immediate targets.
55 is the range of this move as and when it completes it.
S/l 37.

 

[roneeth]

Hi Roneeth, if 125 is taken and held on India Cements, wait for 129-133 for now.
It's run up hard and some correction should come soon, and if the market finally drags it down, exit to return later.
Regards.

Hello Amit,

Thanks for your advice.Will keep you updated.
elecon engineering at 950.

Thanks

Roneeth

 

[AMITBE]

216 is strong resistance for Rolta.
If this is well taken out it should be heading for 221-226-231 in time to come, and possibly 237. 221 may prove a hurdle.
At the current 214 off, s/l is at 206 or 201 final.
This is subject to the market conditions. Utmost caution has to be taken for all positions.

 

[AMITBE]

Anything above 460 is a bullish area for Tata Power.
It's also strong resistance, and when taken out firmly, with some resistance at 473, it should be heading towards 481-489-497-505.
Entry when 460 is taken and strict s/l here is 434.

These calls are for when the market improves and may be noted as such.

 

[AMITBE]

Mcdowell at 507 has gone a little weak today.
The lowest tested was 496 today after a recent high at 530 off.
Should this correction put it lower, supports are at 503-494-485 with 476 being strong.
Look for these levels to enter. The upside is great with 588-600-618-639 in the mid term. The target is 700.

 

[AMITBE]

Shanti Gears at 67.50 off now is a strong buy at any decline...or don't wait.
Has a big target in the mid term...very interesting.
58 is s/l.