Some Good Steals...

[saamy]

thanks for replying.

 

[kooldude]

Thanks Amit,

I am hoping it should touch 400 by the end of Feb studying the charts.

 

[roneeth]

Hi Roneeth...Varun Shipping is on the climb and a close above 84-85 keeps it in the running for the following levels: 87-90-93-96 first. S/l is 72 at this point if holding for a while or 78 to keep some profits to come in lower. 72 remains a strong support.
Let me know.
Thanks.

Hello Amit,

Thanks for the reply,noted the levels.

Best regards

Roneeth

 

[ragh_ash]

hi amitbe,
this abt Carborundum universal again.
is it a hold still or time to get out?
regards

 

[AMITBE]

hello all i am new to this forum and trading market although i am holding some stocks

will just like some help from u ppl regarding my holdings i am a long term investor

ashok leyland -50shares- 30.36
sbi -15shares- 896.54
reliance ind -10shares- 693.11

what is the future of this share
i also invested in bob ipo
will also like to know whether it is safe to enter in ranbaxy or long term
i am student

knowledge is not everything practice makes a make a man perfect use ur knowledge and be a perfec man

thnks!11111

​

Hi ajesh, on Ashok Leyland...despite being one major player in its sector it has disappointed the investors and yet continues to have the faith of many. Even so, its a good defensive investment counter. Stay invested there with a s/l at 29. A close above 33 should set up a rally.
SBI with entry at 896 can be cosidered high entry even if this is the leader amongst the non-private Banks. It's a great counter to hold in your kind of time frame, but I would seek an entry lower. Keep a tight s/l at 875 should it correct and look for an entry lower down. Some supports are at 865-846-830 and consider entry at evidence of support around any of these levels. To the up a close above 923-926-929 would set up at least a 30 point rise.
Reliance is a top counter to hold and can be accumulated at dips. A close above 715-722 may result in a strong move. S/l 672.
Ranbaxy I would suggested another round of correction. 350-360 if holds at some pont, would be a decent entry.
On BOB IPO...I'm not too clear at this point and I don't know the price-band. It's come out with strong numbers and zooming for now. Keep it on your watch list to come in lower. It's a strong counter.
Regards.

 

[AMITBE]

Hi Amitda,

Can you please share your views on Aarvee denim. (BSE code 514274).

Is it a buy now? MACD crossover with good volumes and a good result this Q. resistance at 136-138 level... (just trying to share what i have learning so as to fine tune my method......pls correct me if I am wrong anywhere).

Looking forward for your views.

Cheers,
Ashish

Hi Ashish...Aarvee has already made a good move and may come in for some correction as it's way overbought and the risk would be greater. I haven't checked MACD but do run it by RSI and +D1 at ADX too.
Look for supports at 121-123-125 if possible for an entry. The market is over heated too, so be cautious and wait for a couple of sessions to see what happens.
Bye for now.

 

[AMITBE]

Hi Amitbe/Saint,

What do you think about the Shree Rama Multitech at the current levels. Does it look attractive? And is the company with strong fundamentals?

Thank you

Hi Kooldude...the daily chart on this one resembles a roller coaster since mid September last. There is much supply overhead and no clear buy signal.
No info on fundamentals but I wouldn't advise a penny counter especially in this kind of a market in any case. You may want to look around for something else.
Regards.

 

[AMITBE]

hi amitbe,
this abt Carborundum universal again.
is it a hold still or time to get out?
regards

Hi ragh_ash...yes perhaps for now, but considering your entry (140 off?), why don't you give it another chance to see if it'll trade above 170 without being volatile, and if so, expect another go at 184 as it has done the past two sessions. You could exit if it doesn't make it again but can hold as long as it keeps above 170 if it gets there as then there would be more room to the up. S/l below 163-161.
This one's not known to correct too sharply, but if it does and 163-161 are taken out, look for support at 153-155 and should this hold, you could begin to accumulate it again.
Regards.

 

[AMITBE]

The market appears to be over heated to me and will go and do what it will.
However, Reliance Capital from various tecnicals is showing the symptoms of an explosive move coming up sometime soon.
At 456 now, once it moves above 467 it would be in bullish territory and above 473-475 may well fly possibly meeting resistance at 491 and 497. above 525 will climb faster. Target is 550-560 first.
At the cmp, strict s/l is 445 or deeper at 438.

Keep an eye on this...and also on the market.

 

[sachinrs]

Sonata soft & mysore cem

Amitda,
Purchased Sonata soft@ 39 & Mysore cement@ 30. No much movement after purchase pls guide. Is there any other scrip in which i can keep invested for 1 months or so....

Thx & Regards
njoyyyyyyy