Some Good Steals...

[AMITBE]

please advice me about Aptech shares
thanks

Hi vasee2k2001...welcome to the forum and a greeting is in order to begin with.
Aptech...it's accumulate at every decline and hold for the mid to long term. Will go places.
Regards.

 

[vinsu]

Hi Amit ,,
Please advice , about TATA POWER . I am holding it at average of 462 Rs and now my patience is running out .. Even after Q3 results , the scrip is not moving .
Please do guide me .
Thanks .

 

[AMITBE]

Hi Amit ,,
Please advice , about TATA POWER . I am holding it at average of 462 Rs and now my patience is running out .. Even after Q3 results , the scrip is not moving .
Please do guide me .
Thanks .

Hi Vinsu...it's a strong hold and stable at current levels. It has to begin to trade above 460-466 where it should start moving. Past 475 it would fly very likely.
S/l is 446 for your entry.
I'm holding too from lower for another quarter at least.
Regards.

 

[kooldude]

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.

Thanks Amit for the response.

I made entry on this at 32, but I'm exiting today around 52. I bought this when Kaante was released It had touched 87 couple of months back but did not get a chance to exit. Not much action in this script lately even in this strong bull market. It's only the good ones rocking. I remember the IPO was 155 for this script. I would consider entering at 30 level again if reached

What do you think about Bharti Tele for a 3-month perspective, this company is solid strong?

Thanks again...

 

[share_guy_108]

Amitda, thanks for the info on Lyka Labs. You are awesome. I sincerely appreciate your expert comments and guidance.

 

[saamy]

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

 

[nkpanjiyar]

Amit/Saint, whats going on in SAIL counter. Just have a look on its todays price and volume. Your analysis required.

cheers,
nkpanjiyar

 

[Saint]

Amit/Saint, whats going on in SAIL counter. Just have a look on its todays price and volume. Your analysis required.

cheers,
nkpanjiyar

Hi NK,

On these things,best to wait for an anlysis from Amit.But take a look at the article below from Capitalmarket.com.

Steel strikes wings on consolidation hopes

Steel shares spurted in a broad-based rally soon after news trickled into the market that Mittal Steel will announce a bid to buy Arcelor.


Shares of Sail which had dropped about 2% to Rs 53 in mid-afternoon trade, due to dismal Q3 results, staged a solid rebound later. The stock was up 7.6% to Rs 58.40. A staggering 1.2 crore shares changed hands in the counter on BSE.

Tata Steel jumped 7.8% to Rs 392, Lloyds Steel rose 13.7% to Rs 11.25, Essar Steel jumped 10% to Rs 42.20, Uttam Galva Steel rose 10% to Rs 38.80, Jindal Stainless rose 8% to Rs 98, Bhushan Steel surged 6.8% to Rs 152, and JSW Steel gained 5% to Rs 208.

Tata Steel rose on high volume of 23 lakh shares.

In Europe, trading in Mittal Steel and Arcelor was suspended today following reports that Mittal Steel was set to announce a bid for Arcelor. Shares in UK-based steel firm, Corus, jumped 10.7% and those in Germany's Thyssen added 8%.

An expected acquisition at the global level raised hopes of a consolidation in the steel sector which in turn raised hopes that global steel prices will hold firm. It may be recalled that global steel prices had weakened over the past few months. Impact of large-scale production cut taken by European and American producers was negated by high growth in Chinese production, resulting in softening steel prices in the global market.

All the best!
Saint

 

[AMITBE]

Hi NK...the writeup Saint has posted above is exactly the reason. Across the board there has been a rally in the steel sector.
More after studying the charts over the weekend.

 

[nkpanjiyar]

Saint/Amit, thanks for timely update. Taken half off the table in this rally at peak.

The most precious timing I have done is to warn some people close to me to not enter into steel production (iron rod or such things) in march-april 2005. They would have got dumped if they had ventured.

The simple reason was the steel 8-10 year cycle was expected to peak in 2005 start to end period.

I think we are in a multi year down cycle in steel which started mid-2005.
4 or 5 to that to reach the lows...!! 2009-2010...

I may be wrong but I feel and advice that it is the time to exit steel stocks on rally.

Plz correct me if I am wrong.

Thanks,
nkpanjiyar