Some Good Steals...

[kumar7]

Dear AMITBE

Should I sell Aksh opticfibre? The couter is looking surprisingly very weak today.

Kumar

 

[AMITBE]

Re: Dear AMITBE

Should I sell Aksh opticfibre? The couter is looking surprisingly very weak today.

Kumar

Hi Kumar...would have helped to know where you entered.
It's not just Aksh, but much of everything else is weak, though in yesterday's dipping market it made over 4% gains where small/mid/bigcaps were all falling.
Further it has only just run up and a pullback is very usual.
Considering that technically 69 or 73 would be s/l and here Aksh is pretty far up at 77-78, you would have to look into your entry and see what you want to save....and also keep an eye.
But for the markets, it has just begun a new move.
Good luck Kumar and get back for clarification when you like.

 

[garun1979]

hi amit,

Cummins Q3 PAT up 50% QoQ. looks good posted an eps of around 2.45 taking the trailing 12M eps to 8.5 or so.

give ita multiple of 25..and we have levels of 210+. looks all set to achieve the targets given by you.

Royale Manor is trading ~25.5. think is hud hang in on to that..what do u say.

Mold tek didnt seem too enthused by the results..

2other good counters under pressure these days are Welspun India and Spanco Telesystems. Both r good fundamentally. Lets wait for the results..folks cud get into these..but the future is dependent on q3 results..gutfeel..results shud be gud.

Bye
Gaurav

HI Amit,

As per your view Royale MAnor (526640) went into a bearish trend but 22 was its majot support level..

yday announced its results..Q3 FY06 PAT has gone up by 239%..so that is good..stock is on buyer freeze at 22.65..up 5 % from y-day's closing of 21.6.

Your views??

Regards
Gaurav

 

[kumar7]

Thanks Amitbe: Aks opticfibre

Thanks for your promt reply. I entered at 76, 77, and 82-83. I think I'll hold.

Kumar

 

[AMITBE]

HI Amit,

As per your view Royale MAnor (526640) went into a bearish trend but 22 was its majot support level..

yday announced its results..Q3 FY06 PAT has gone up by 239%..so that is good..stock is on buyer freeze at 22.65..up 5 % from y-day's closing of 21.6.

Your views??

Regards
Gaurav

Hi Gaurav...wow for your fundamentals study and a great pick.
I'm getting my BSE trading portal enabled now and will pounce on this when the opportunity seems right.
It's a great one obviously going by your study, and should the market want to go deeper, 16-17-19 are all good supports. To the up, let's wait and see how the market goes over the next little while. I'll keep a look on the charts for sure each night.
Great going Gaurav.

 

[AMITBE]

Hi Gaurav...wow for your fundamentals study and a great pick.
I'm getting my BSE trading portal enabled now and will pounce on this when the opportunity seems right.
It's a great one obviously going by your study, and should the market want to go deeper, 16-17-19 are all good supports. To the up, let's wait and see how the market goes over the next little while. I'll keep a look on the charts for sure each night.
Great going Gaurav.

Gaurav, just looking at the charts, it seems Royle made a double top at 27 levels on Jan 3 and 25. Also this was the peak lavel end November too.
So the recent slide could also be seen as a technical correction failing these peaks thrice, and no reflection of fundamentals. If so, in due course it would be testing these levels again and probably with buying support then.

 

[VICKY_SEEKINGINR]

Hi Amit..

I want to know about infosys. I think that if market will rise then
infosys also will give some profit..

Please tell me its supports and resistence levels.

Thanks A lot

 

[brewin_vaz]

Hi there brewin_vaz...long time no see...been well I hope.
Nice trade on Hind Lever.
It's a hold with a strict stop at 214. On taking out 229 it'll likely move higher. If there's strong resistance at 229, book half in a falling market with the rest at the stop mentioned.
Good to see you.

Hi Amit,

Thanks for your reply. I've been held up at work for the past few months. So I couldnt trade comfortably. Now that the work load has reduced I get some leeway to look into the markets. Its great to get your tips. And good to see your thread very active. Lots of people relying one you Amit. Great going.

 

[AMITBE]

Hi Amit..

I want to know about infosys. I think that if market will rise then
infosys also will give some profit..

Please tell me its supports and resistence levels.

Thanks A lot

Hi Vicky...it's trading in a good support area now...2740-2785.
2380-2640 is also strong.
2850-2940 has been difficult lately, especially above 2900.
Below and above the levels given are bearish and bullish zones.
It's a long term play.
Cheers.

 

[dinkerj]

Hi Amit,
Your view on these stocks pls:
1) Guj NRE : Was trading near 52 weeks low(around 81-82) for sometime. Today at 89.
2)Bongaigaon refinery : Same story. near 52 week low
3) Archies Gallary -- I should have posted this in saint's column, but this qs is for saint (though in wrong thread). At 181, is it a buy?

Also, Arvind Mills has shown good health, but in some other thread some friends were calling it a weak script presently.Whats your view?