Some Good Steals...

[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.

Gave a breakout today with about 48 lakh volume.
Brushed against 474 to last traded price at 472.70 to close at 469.70.
The above levels are on track, and the wider market may put pressure on it.
For today it did very well to run against the market.

 

[AMITBE]

Hi Amitda!!

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

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

cheers
vizzie

Hi vizzie...been active since Karthik went on vacation, and now that he's back, it's time to cruise along again. It's nice to run this thread in spurts though.
Gammon, yes!
Had exited late September around 415 and come in again later around 350. Exited today but very much there in the list for the next rally.
Hope you'd taken it too...remember discussing it with you.
All the best and cheers.
Ah yes...keep a watch on Nagarjuna Construction too...will travel far.

 

[AMITBE]

Hi Amit,

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

Thanks,
Sam.

Hi Sam...Saint has a reply for you at his thread...do check it out.
I'd covered SBI and Ranbaxy a few posts ago...check and see.
Regards.

 

[vizzie]

Hi vizzie...been active since Karthik went on vacation, and now that he's back, it's time to cruise along again. It's nice to run this thread in spurts though.
Gammon, yes!
Had exited late September around 415 and come in again later around 350. Exited today but very much there in the list for the next rally.
Hope you'd taken it too...remember discussing it with you.
All the best and cheers.
Ah yes...keep a watch on Nagarjuna Construction too...will travel far.

Yep

was in as well after havin read ur post on it way back..
still holdin some..
nagarjuna const.. on my watchlist now..

cheers
vizzie

 

[dheerajmehta]

Hi Amit,

I'm holding [email protected] it closed today at bout 75....broker recos put its target close to 115....but it doesn't seem to be moving in that direction lately...its support is at about 73-75
please share ur views on the counter

Regards,

Dheeraj

 

[AMITBE]

Re: 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

Hi sachinrs, Sonata periodically makes a good move. You may have come in on the recent one which topped out at 42? Well...that's the number...42 or 43 that needs to be taken now for a rally to 46-49 or possibly 52. It can take its time coming. Hang in there for the mid term and it'll do better, as the company is in a growth phase. S/l is 37.
Mysore Cements on the charts is not a pretty picture. Cut your losses at any pullback if possible. 27 is s/l enough and 25 is well and truly it. I'm not clear on the fundamental picture on this, but it's obviously weak. Check for results etc at nseindia.com.
All the best.

 

[AMITBE]

Hi Amit,

I'm holding [email protected] it closed today at bout 75....broker recos put its target close to 115....but it doesn't seem to be moving in that direction lately...its support is at about 73-75
please share ur views on the counter

Regards,

Dheeraj

Hi Dheeraj...unfortunately Shringar's results are flat to poor this past quarter. The confirmation is in the charts too...and you may consider biting the bullet and pulling out...charts are not good. It could dip to 71 or more.
Holding strong counters in difficult market conditions is one thing, but fundamentally weak ones can be most demoralising.
There was a strong move late December to early January and the brokers may have projected targets at once.
All the best to you.

 

[AMITBE]

Hello Amit,

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

Thanks and Regards

Roneeth

Hi Roneeth...India Cements may or may not have a lot left in it at this time. I'm keeping the s/l tight now...at 125. Should the market take a dive let it knock you out...you've dome well for now.
Watch Cummins closely too. I think the results come tomorrow. If the market turns weak, it may not run against the market even if the results are strong. Play it by ear but be ready to exit. If the result is good and the markets are not, you could come back in lower if you like.
All the best.

 

[saamy]

amitbe i hold 50 3i infotech @ 153 of late it has been coming down so should i hold on or book profits. i am a long term investor.

 

[VICKY_SEEKINGINR]

Hi Amit..

What is going on with mkt... gr8 going ?
I want your view on ranbaxy.. how looking..

Thanks