Some Good Steals...

[blrboy]

thanks much amit! i guess, id watch them for a couple weeks, before deciding to pick em

 

[stockfreak]

Answering some queries here:
Hi Narendra, I wasnt able to follow your point about Vishal Exports, nor do I know where you took entry. It seems the corrective phase is not quite over yet. Youve asked about resistance levels, and from the CMP of 22.70 going up, itll need to clear 24-26 first. Then again after close at 27, there is 29-30 to cross, then above 32 the rally would come. How soon all this will happen, Im not clear. There is talk here of bonus etc, which Im not aware of.
If you wish to enter for long term, it seems like a good investment.

Hi Nilotpal, not sure of your query on Spenta. Obviously it has been ripping away. If you are in, enjoy the ride with a trailing S/L. If looking to enter, Id suggest dont chase it at these levels and watch how it corrects. A number of small stocks have run up and correcting sharply now, trapping traders and investors.

Hi mejo, Jk Cements: appears as if you have been holding this since January? I had mentioned this is in a corrective phase and there is no sign of a pull back yet. As long as it keeps above 120, it should be safe. A close below 118 could push it down further to test 115. For any up-trend to come, wait for a close above 126 with at least 1.5 lakh volume where you could consider taking additional exposure to average it down.

Hi stockfreakyour query about Sunbeam Info. Are you in, or want to enter?

If Ive missed anything, do kindly post again?
Will put up some buys tomorrow.
Cummins is on for sure and will update it tomorrow.
Thanks.

I am in sunbeam info at 5.15

 

[AMITBE]

I am in sunbeam info at 5.15

Hi stockfreak,
Sideways movement with downwards bias for some time, and a slight pull back last closing at 4.90, though with decreased volume. Should the pull back continue, past 5.70 can gain a Rupee. Will remain safe above 5 even in sideways. Below 4.70 is 4.40. Wait for a week to look for a trend either way. Will take it from there.

 

[sharv]

hi,
amit pl. throw some light on Subhash construction which is moving north since last 4 sessions with good volumes.

thanks

sharv.

 

[Saint]

Did soneone make in on Cummins?

Hi Amit,
Wishing you a very Happy Independence Day..........I managed to take a bite into Cummins,the daily and weekly charts are looking good.For the umpteen millionth time,.......Great Call,my friend!!

All the very best!
Saint

 

[AMITBE]

Hi Amit,
Wishing you a very Happy Independence Day..........I managed to take a bite into Cummins,the daily and weekly charts are looking good.For the umpteen millionth time,.......Great Call,my friend!!
All the very best!
Saint

Hey saint...Happy Independence Day to you too dear buddy and I'm glad you took in some Cummins. Should do well by the looks of it, eh?

Hi all,
First some scrips I have discussed before:
There is a huge discrepancy in the traded volume for Cummins at NSE and BSE. Where at NSE it clocked over 6.5 lakh, at BSE it reads almost 77 lakhs. On digging around I found Templeton Mutual Fund and India Prima have purchased in a block deal 76 lakh shares! There is a difference in the closing price too. At NSE 253.30 at BSE 251.90. This too is not normal, as the difference is usually a few paise.
However, the reading is still good. Im expecting a rally to 265 first, and then to 280 plus in the near term.

I have mentioned Godrej earlier. Seems to me its time is near now. It has made moves into the 265 zone and fallen back in the recent past. Last few sessions has sat tight around 240, and in the last two sessions has shown signs of an approaching rally. On Thursday closed at 247 and Friday fell back to 241 after hitting 251. Im watching and will update during trading today. Has the initial target of 270 and past that, 290.

Aksh Optifibre at 64.60 seems to have given a classic breakout with volume. First target is 75. I have tracked this for long.

India Bulls is not going to lie around at current 250 for very long. Despite the run-up its heading for 270, and then 300 in near term. Look for opportunities at dips.

Bharti, though the techies on TV say one should exit at current 310, my call is for 400 plus in two months. Look for some correction and will keep posted. Had first called this at 225.

GujNRECoke is heading to 150 shortly. Target 165.

Ind Swift Labs called at 199, now at 224. Should be seeing 260 sometime soon.

East Silk at 183 now. Im of the view this one is heading to 250 in the near term.



Some new suggestions:

BSEL Infra: At 41 off now and consolidating well on large volume. On clearing 43, first target is 55. Be cautious, and will update.

Ind Swift Industries (Not Ind Swift Labs): On 69 off and in a rally. Will turn bullish past 74 for 90. Will keep posted.

RPG Telecom: In a rally at 46.40. Pick at declines for 65 in near term.

Hind Motors: There is a lot of buying interest in this currently. At 46 now and buy at any decline for 65 near term.

SE Asia Marine (SEAMECLTD): At 96, and past 100 will turn bullish for 120. Will keep posted.

Monnet Ispat: At 160 now. Past 164 will turn bullish for 180.

There is a scrip at BSE that I want to bring to the members notice: Balaji Distilleries. Its in a rally at 15.45. There is heavy buying happening in this scrip. Is targeted for 25 in the near term.

Trade with caution as the markets could turn negative and volatile.
Thanks.

 

[AMITBE]

Bharti, though the techies on TV say one should exit at current 310, my call is for 400 plus in two months. Look for some correction and will keep posted. Had first called this at 225.

Bharti flying at 320 after touching 322.

Not a lot of volume build-up in Cummins yet, but looks strong for the expected rally. Moving sideways for now.

 

[madhura]

Hi Amit,
I have bought NRC on your suggestion at 62.55......it is textile industry? is it?
but you are talking about some real estate thing in your article?
please guide.....have i taken some wrong stock?

Thanks.Madhura

 

[AMITBE]

Hi Amit,
I have bought NRC on your suggestion at 62.55......it is textile industry? is it?
but you are talking about some real estate thing in your article?
please guide.....have i taken some wrong stock?

Thanks.Madhura

Hi Madhura,
No you haven't taken a wrong stock.
NRC is related to textiles, being a producer of man made raw materials for rayon etc and industrial chemicals.
The real estate story is that it holds a huge amount of property in Kalyan in Mumbai.
A lot of stocks that are running up are doing so on real estate valuations, like Bata, Hind Motors, Hyderabad Industries, Bombay Dyeing, Century Textiles etc.
NRC is in the same category. It's awaiting some news and sitting tight at current levels even when the indexes fluctuate. Though in its own merit, it should be looking at 70 plus.
You entered a little early. I had suggested entry at a close above 63-64.
However, you could exit at any point above your buying price.
I am going to take it above 64.
Good luck.

 

[AMITBE]

The long awaited rally in Rolta has come at last.
Ripping away at 136, an overnight jump of 10%
Target 150 near term.
Had called at 120.