Some Good Steals...

[shrinivas]

Dear saint/other experts,

Reply this on urgent basis..i'm blocked in this one...

i had purchased MTNL @ 145 and this was today at 144...i have been holding this for quite sometime now without gains..should i sell it off or hold it on.. any indication of this stock moving up in near future,....and what to buy if i sell it..

Please reply asap.

ganeshhity

 

[roneeth]

Hello Amit,

Nice move in India Cements today, with intraday high of 129.

Thanks and Regards

Roneeth

 

[AMITBE]

Dear saint/other experts,

Reply this on urgent basis..i'm blocked in this one...

i had purchased MTNL @ 145 and this was today at 144...i have been holding this for quite sometime now without gains..should i sell it off or hold it on.. any indication of this stock moving up in near future,....and what to buy if i sell it..

Please reply asap.

ganeshhity

Hello ganeshhity...twice in the last few days I had advised members here to exit MTNL. Fundamentally it is on the fringes where even counters like Bharti and BSNL are straining for the competition. It's come out with pretty shoddy results.
Exit at any pullback possible. Below 138-139 there are no good supports till much deeper.
Regards.

 

[shrinivas]

Thankxx AMITBE....I was not on net for sometime..can you please suggest what to buy now ???

Ganeshhity

 

[garun1979]

Hi Gaurav...this take is off the charts alone, and at this point there is no evidence of an upside though it may be bottoming out soon...37 to 41 may be it and this is also s/l at cmp.
A close above 49-53-56 would hasten it towards 65 and above this to 71-74-77. When this happens is impossible to say but it will likely follow the numbers listed. Make a note if you are in.
Will check the Excel file later and write back.
Bye for now.

thanks a lot. wud take care of s/l's. i am already long in the scrip at 47.

 

[ragh_ash]

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.

thx a lot amitbe,
i was thinking same using MA but as you know still am finding my feet here.
regards

 

[shrinivas]

I would be selling off MTNL tomorrow as per amit da's suggestion....
Dear saint (or amitbe), any suggestions what should i buy tomorrow..moreover i had a habit of putting my money in same share till now..as for now also i have 1000 shares of mtnl...i would now try to put the eggs in different baskets...please suggest what to buy at current levels....
I would be making loss for the first time in my career of stocks..i bought mtnl at 145....letz see what it gives tomorrow..

Dear saint, please please guide what to buy at this point of time...

sincerest regards.

 

[AMITBE]

Hi ganeshhity...as for buying, I'd say wait and watch how tomorrow pans out.
I don't have a very good feeling about the markets in the immediate future.
Exit MTNL and keep that money for something else. Should a correction come, there would be quite a few decent counters, and I'd be posting then.
All the best.

 

[vizzie]

Hi Amitda!!

Hope ur doin gr8..
gr8 to see ya back in action..

an old recommendation of urs buzzin these days..
gammon..

cheers
vizzie

 

[sam]

Hi Amit,

What is your call on SBI, Ranbaxy and Arvind mills at these levels?

Thanks,
Sam.