Some Good Steals...

[ssnkumar]

Hi Narendra...if you are in they are all a hold with great fundamental stories.
I would only be able to do a detailed take tomorrow if it's ok.
Regards.

Thanks Amit.
Yes, I am in all the three.
My entry is:
1. Crompton Greaves (625)
2. Berger Paints (64)
3. Mahindra & Mahindra (472)

I will wait for your comments tomorrow on these.

Thanks,
Narendra

 

[AMITBE]

Amit bhai can i enter in ponni sugar or gayatri sugar at current levels, pls suggest me.....

Regards, njoyyyyyyy

Hi sachinrs...sorry..I'm having difficulty accessing my data for some reason but will come in tomorrow on these.
For now all the sugar stocks have run up high and only a slect few would hold strong. The money is going elsewhere. Wait for declines.
Regards.

 

[dinkerj]

Hi sachinrs...sorry..I'm having difficulty accessing my data for some reason but will come in tomorrow on these.
For now all the sugar stocks have run up high and only a slect few would hold strong. The money is going elsewhere. Wait for declines.
Regards.

Hi Amit,
Why century Enka is down 10%?
Is it a pull back (and so buying opportunity)?

 

[AMITBE]

Hi Amit,
Why century Enka is down 10%?
Is it a pull back (and so buying opportunity)?

Hi dinkerj...probably poor results yesterday. Happening to several counters.
It's holding just above the critical 190 support.
I don't know if it's time to buy. If the result is not on, it'll be considered a weak counter and would stand to lose more in a sharp correction. 175-185 is the next support area then nothing much. I feel there is some speculative buying happening at this time so the call is yours.
The rest of your stocks I'll get tomorrow.
All the best.

 

[kooldude]

Hi Amit & Saint,

Do you think PNC is a buy for long term investment...or a short term...what do you think about this at the current levels? The volumes are very low.

thanks

 

[viren2724]

I Have Padmalaya Telefilm Shares. Please Tell Me What Is Future Of This Company. At Present Price Nearly Rs. 20/-. I Have Purchased Rs. 38 Per Share

 

[AMITBE]

Hi Amit & Saint,

Do you think PNC is a buy for long term investment...or a short term...what do you think about this at the current levels? The volumes are very low.

thanks

Hi Kooldude...you need to be very sure of the fundamental story at this point. It's only the good ones rocking very selectively. It's not a blind bull run. So check out on the story before going in.
From these high levels one could expect a pullback in the market. The weak ones would get a thashing.
Technically it's looking pretty decent at 54, but with a strict s/l at 48-49.
Take good care.

 

[AMITBE]

I Have Padmalaya Telefilm Shares. Please Tell Me What Is Future Of This Company. At Present Price Nearly Rs. 20/-. I Have Purchased Rs. 38 Per Share

Hi Viren...a warm welcome to the forum.
Having held this so deep in losses may as well hold a little longer. It's been trading in a tight band and some sharp move should come along the way.
A sustained level above 22-23 with volume would bring movement to the up.
However there is no support below 18. Could go down freely, so keep watch.
Do followup if needed.
Good luck.

 

[madhura]

Hi Amit,
Based on Q3 results I have analysed some of fundamentally strong and technically strong shares...please guide further

1.Hindustan oil corporation-Q3 profit up-new support level after setback is -140-150- CMP-158...is it proper time to buy at around 155 level?

2.ITC-Support-125- given breakout at around 140 level

3.Infotech Enterprises-profit up by 44%-beautiful graph with ascendng trend-
support 512-CMP-572...can be bought on dips

4.GHCL-CMP-135...support-114-pls tell when to buy

5.Sterlite Industries--Q3 profit 80% up--CMP 1327--ascending trend...support 900

Also one more company who posted the profit was Tata sponge Iron..but graph is not so good...the CMP is at support level only...can i buy?

Thanks
MAdhura

 

[Dhanan]

Hi Dhanan, yes more than a 100% since end December and time for a bullback perhaps.
From the readings here 195-200 is a support area so why not take half out now around 107 cmp and hold the rest to see if the support area holds. If it does, KCP needs to clear 215 as a condition to go further. Theoratically 230 plus is the level.
195 would be exit.
It's way way overbought for now and some correction is more than likely.
Good luck and update if you like.

Thanx for the reply Amit. I will keep your levels in mind. But I heard from some people that the targets are very high even from current levels, even though some correction is possible from current levels.