Some Good Steals...

[AMITBE]

Visualsoft is giving a good opportunity for entry at 237 off today.
Strong support and s/l is 230-232, so the downside is not too great.
It's good for the near term and even better for the mid.
Will out perform the mid segment technology majors.

 

[srisara]

Hi Satya...I don't know where you entered any of these...but..
NTPC is a slow mover and doing well. There is no call to exit, and if you are holding from lower levels, it's a strong hold in the near term. For the mid to long term, this should be accumulated at every dip. In the energy sector it's the largest. Some day soon when India goes to nuclear energy, this is likely to be the major player.
Matrix...has important supports below 251 where it's at currently. I would hold till 243, but would get in again on the rise. It's heading for a big target in the mid to long term...will out perform the sector. In the near term, the next spurt would bring it to near 270.
Vivmed...hold and ride out the trend. Don't know where you took this, but 188 is strong support and below this is s/l.
Regards.

Amit,

thanks very much, I hold

NTPC @100

Matrix @187

Vivmed @ 125

I feel i got these at fairly decent prices when they started the up-trend. Just worrried over the market behaviour from the last week.

Thank very much for your detailed analysis. I read in 1 site support for Matrix @ 242.6, and you are so close to it @ 243. great analysis again.

Satya

 

[game4trade]

Hi Amitda,

Need your advice (can't stop bothering you, here it goes)...
Even though the results from heavyweights like TCS and infy are decent these counters are taking heavy beating. Can you please advice me on TCS and Hexaware as what should be my strategy:
I entered
TCS@1200 and
Hexaware@117

Awaiting your reply

Cheers,
Ashish

 

[AMITBE]

Hello Amit,

Wanted your advice on TVS SUZUKI,again its my dads longterm Investment.
not sure of the entry price...wanted to know the future prospects ,Is it worth holding ?

Bothering you again on India Bulls stuck at 245 , Holding Jayaprakash Hydro from past 5 mos at 32 not appreciated at all...When time permits please let me know your take on these scrips.

Thanks and Regards

Roneeth

Hi Roneeth,
TVS...as it's your father's long term investment, he must have got in way lower and so must be in good profits.
The issue with TVS is on fundamentals. Between Bajaj and Hero Honda, they have about 80% of the two wheeler market share. Now Suzuki which broke away from TVS a few years ago plans to re-enter the Indian market with two new models. In all this I believe TVS will gain only modestly. It may be just a good idea to pull out at any rise at some point and reinvest in another counter. Something in capital goods, construction, engineering, logistics, midcap technology, pharma, to name a few sectors would be good.
On technicals, TVS has slipped from the recent high of 115, and at 109 tonight, is above the critical supports at 103-106. Hold if the supports prove strong for a short term bounce and watch. Exit would be below 103. The market is running weak, and so these levels are likely to be skewed. Since the entry is much lower, you may want to see if 100 and 98 hold.
Indiabulls seems to be on the path to recovery after some severe bashing in the recent months. SEBI's shadow has lifted, and it seems so has the real estate glitch. Results come out on Wednesday. The levels to watch would be 211-216-221-226-231. It coud turn quite bullish above this. I'm hesitating to suggest buying more to better the average looking at it's recent performance and the general market outlook in the very short term. Just wait and watch. It's fundamentally a very strong counter, and financial services and real estate are great businesses. Having been in for so long, and if you have a longer perspective, you could consider buing more once it trades above 221.
JP Hydro has under performed quite badly and has remained a trading stock for yo-yo day traders. Again, having waited all this time, see it past the results now to see if there is a surprise waiting. The good monsoons may have done some good for all that hydro. If not, consider moving out. S/l is below 32, but do give some leeway for the market.
Do get back with any doubts, and all the best.

 

[AMITBE]

Hi Amitda,

Need your advice (can't stop bothering you, here it goes)...
Even though the results from heavyweights like TCS and infy are decent these counters are taking heavy beating. Can you please advice me on TCS and Hexaware as what should be my strategy:
I entered
TCS@1200 and
Hexaware@117

Awaiting your reply

Cheers,
Ashish

Hi Ashish...not at all a bother...you're welcome anytime.
TCS at 1200 would make it mid last year?
I'd say hang in for now for anothe half year at least...there's lots more to come on this. Crucial support area is 1604-1593-1582-1572...that's s/l. To the up, above 1626-1637 would bring it back to business.
Hexaware...is not looking too good at this time. If it bounces off 123 to test 129, and again breaks below 126 to the down, it would like a h&s break, so exit there. If 129 area holds, expect 132-135-138, above which is much congestion.
Do let me know how it goes.
Regards.

 

[game4trade]

Hi Ashish...not at all a bother...you're welcome anytime.
TCS at 1200 would make it mid last year?
I'd say hang in for now for anothe half year at least...there's lots more to come on this. Crucial support area is 1604-1593-1582-1572...that's s/l. To the up, above 1626-1637 would bring it back to business.
Hexaware...is not looking too good at this time. If it bounces off 123 to test 129, and again breaks below 126 to the down, it would like a h&s break, so exit there. If 129 area holds, expect 132-135-138, above which is much congestion.
Do let me know how it goes.
Regards.

Many thanx Amitda

 

[share_guy_108]

Dear Amitda,

I would like your opinion on Core Projects, Novopan, Ecoplast ?

Thanks,
Ramesh

 

[roneeth]

Hi Roneeth,
TVS...as it's your father's long term investment, he must have got in way lower and so must be in good profits.
The issue with TVS is on fundamentals. Between Bajaj and Hero Honda, they have about 80% of the two wheeler market share. Now Suzuki which broke away from TVS a few years ago plans to re-enter the Indian market with two new models. In all this I believe TVS will gain only modestly. It may be just a good idea to pull out at any rise at some point and reinvest in another counter. Something in capital goods, construction, engineering, logistics, midcap technology, pharma, to name a few sectors would be good.
On technicals, TVS has slipped from the recent high of 115, and at 109 tonight, is above the critical supports at 103-106. Hold if the supports prove strong for a short term bounce and watch. Exit would be below 103. The market is running weak, and so these levels are likely to be skewed. Since the entry is much lower, you may want to see if 100 and 98 hold.
Indiabulls seems to be on the path to recovery after some severe bashing in the recent months. SEBI's shadow has lifted, and it seems so has the real estate glitch. Results come out on Wednesday. The levels to watch would be 211-216-221-226-231. It coud turn quite bullish above this. I'm hesitating to suggest buying more to better the average looking at it's recent performance and the general market outlook in the very short term. Just wait and watch. It's fundamentally a very strong counter, and financial services and real estate are great businesses. Having been in for so long, and if you have a longer perspective, you could consider buing more once it trades above 221.
JP Hydro has under performed quite badly and has remained a trading stock for yo-yo day traders. Again, having waited all this time, see it past the results now to see if there is a surprise waiting. The good monsoons may have done some good for all that hydro. If not, consider moving out. S/l is below 32, but do give some leeway for the market.
Do get back with any doubts, and all the best.

Hello Amit,

Thanks a lot for your guidance.

Regards

Roneeth

 

[AMITBE]

STC India...
This one closed 184 on Friday and opened at 192 now.
Trading at 190, it's a decent buy at any dip with a s/l at 171.
Target 230-236 first.

Now trading at 202 off...the target is intact.
Still a buy at every dip with same s/l.

 

[AMITBE]

Am still fancying this one.
Had closed Tuesday at 107.40 and after slipping to 105 off earlier on, is back there again. There is some pretty strong accumulation going on in this with better volume today.
With a strict s/l at 105 the downside is not too great, but on the up may well spring a few surprises.

Though it's slipped a tad to 103.80, I'm still seeing strong accumulation here. Dropping s/l to 99 if anyone in.
105-108-111 are the levels to cross, then it should move.
A dark horse and can reward well.