Some Good Steals...

[AMITBE]

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.

Hi Dhanan...the levels I gave for KCP are potential levels as I clarified. The reason I gave these is, in the vertical climb it has not left any support/resistance levels to go by, nor room for trend lines to arrive at targets in the conventional TA readings. These levels are coming from my study which I use to call the Nifty levels.
You may have noticed the lowest today was 195.15 where 195-200 was given as supports with 195 as exit.
The higher levels would come along the line whenever they do...now or later. If you ever have intentions of coming back to this counter, do make a note. Above 215 it is in a bullish zone with the levels mentioned. The levels mentioned would then be immediate targets. Also note that each level is a support or resistance depending on the direction of the price action.
Hope this helps.

 

[amitagrawal_2000]

Hi AmitA...Jet is not on many buyers' list even if it's at pretty much rock bottom. There has to be some upside from here but you really need to be in for the long term to make significant gains. And long means really long.
I would personally take my money out in the next rally and put it elsewhere for a better percentage return. As it moves several Rupees when it does, see how it does and take your options.
Over the long term the Sahara investment and international routes would add to the topline...but the bottomline would remain vulnerable.
See how it does and take it from there.
Regards.

thanks a lot for the help.
I did some technical analysis after buying this stock
and I think that it will sink further down.
As you said there are not many buyers and market sentiment is also not in favour,its looks like I made a wrong entry.

Please suggest should I hold or book the loss.
What timeline I should be looking for exiting without any loss/profit

 

[share_guy_108]

Dear Amitda,
Thank you for your insightful and thorough analysis. I had one question.

I had bought Lyka Labs at 70. I heard that it is going to rally beyond 80-85 in the next few days - on anticipation of dividends. Can you advise if you see any upward movement in the next 5-6 days ?

Thanks,
Ramesh

 

[AMITBE]

Hi Amit,
here are a list of stocks I entered in recent past. Though I hate to bother you too much, but market climbed from 6000 to 9500 (since i started trading), my net portfolio is showing loss. Reason is, I do analysis in such a way that only i understand what I am doing (and ofcourse market doesnt understand that and so doesnt follow my prediction).I thank you and saint as I really made money on your reco (to compensate the loss I incurred on my self analysis )
In last few days I entered in few stocks:
MTNL - 140
Infy - 2855
Bongai refinery- 73
SAIL- 50
Ashok Leyland- 30
VSNL-370
Bombay Dye- 360
GAIL- 277
Visual Soft (your reco) - 240 (below SL described by u 232, but am holding as u too holding it )
Bharti- 333 again your reco
HIMSEI (ICICI code) - 142 -- Saint's reco
Escorts - 82 (perhaps my mistake. I am obsessed. Saint warned to touch this stock, but I couldnt resist)

Also, I am in heavy loss in:
Shyam Tele -- 123
Guj NRE -- avg 130 (now 94!!! Thinking of selling it)
IDBI -- 106
Bank Of India- 135 (crossed SL. Sold 1/3rd at 126. Now 123. )

Your view on these stocks pls.

Hi dinkerj, more of you stocks:
MTNL...I while back I had written here for another member, on the fundamental front MTNL may not have a lot to the up till the merger takes place with BSNL. It mainly remains a trading stock in the F&Os and the action there chiefly influences its price action. It's unlikely to find place in many portfolios.
On the charts it does't look too good at the moment and a break below 136-138 would confirm a deeper fall to possibly 130-132. A break above 155 plus with volume is what it would take for an upside.
INFY...the recent bottom at 2730 area appears to have formed a strong support for INFY. At 2827 now, supports are in 2800-2805-2810-2815 area. To the up, a close above 2845-2855 would set it high quicker.
Great one to hold for the mid term at least even at your entry.
Bongaigaon has had no positive move since October '04 and you'd be lucky if it anyrhing in the near term. The only positive factor is the recent bottom at 66 is not too deep from your entry at 73. Don't wait if it wants to head there again. You are close enough to exit without much damage. Take your options on this one.
SAIL is another sad story. Nothing here as in the rest of the steel counters. To the up 60 is the level above which there may be some action. To the down, 47 to 50 is support.
I'm sorry for all the negativs here but that the way these stocks are.
I'll need to go now but will return with the rest later.
All the best.

 

[AMITBE]

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

Regards, njoyyyyyyy

Hi sachinrs...Ponnie Sugars is falling free for now. Look for supports at 77-80-83. Should the slide stop here and sustain, look for a move past 86 with strong volume to seek entry. S/l there would be 77.
The fall in Gayatri may be arrested around 19.50 but the chart is not too pleasing. When it moves above 22 past the fall a cautious entry could be considered with s/l at 19.50.
There's been an overkill on these sugar counters for now, so be cautious.
Regards.

 

[AMITBE]

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

Hi Narendra, Crompton Greaves has been great for you, and yes this is something to hold for longer. Going through corrections is normal, and 779-785-792 forms a support zone. At a correction if these levels hold true buy in more if you like. If not, pull out but be ready to get in again above these levels. At 842 now, the move could test 870. Above 873-877 it can get bullish again. These are potential levels and there is no reason why this counter can't get there and further. Do make a note and update when needed.
Berger...a close above 75-77 will liven up this one. 67 is s/l. It's one of the good companies in its sector as far as I know, and being an important associate of the cunstruction sector, it would do well going ahead.
M&M is also a strong counter to hold even if you came in high. 496-502 is support and your s/l, and from 527 cmp, a move to 547-554 cannot be ruled out in the near term.
Update when you like.
Regards.

 

[AMITBE]

thanks a lot for the help.
I did some technical analysis after buying this stock
and I think that it will sink further down.
As you said there are not many buyers and market sentiment is also not in favour,its looks like I made a wrong entry.

Please suggest should I hold or book the loss.
What timeline I should be looking for exiting without any loss/profit

Hi AmitA...Jet may or may not sink. At 980 close now, it is at a reasonably strong support and there's a good chance of a pullback. Should it fall further, 959-956 are strong too. To the up, 996-1004-1012-1017 is what it needs to cover for some upside. Watch these levels and seek an exit as you see fit.
Regards.

 

[AMITBE]

Dear Amitda,
Thank you for your insightful and thorough analysis. I had one question.

I had bought Lyka Labs at 70. I heard that it is going to rally beyond 80-85 in the next few days - on anticipation of dividends. Can you advise if you see any upward movement in the next 5-6 days ?

Thanks,
Ramesh

Hi Ramesh, I'm not aware of dividends but a close above 76 and then 78 with strong volume could even take it further. The reason is the chart appears rather volatile and if moves sharply up, it wouldn't come as a surprise.
For the same reason, below 67 is s/l.
All the best.

 

[saamy]

i have tata coffee 10 shares @ 325 and pricol 120 @ 53 . i am currently on losses what should i do.

 

[madhura]

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

i think u missed on this post ...so quoting again....

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