Some Good Steals...

[VICKY_SEEKINGINR]

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.

Thanks Amit..

 

[AMITBE]

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.

Thanks friend...those words are graciously received.
Tips aside, this is a great forum for learning, and it's great to participate here.

On Hind Lever, from a short term perspective it may have hit a dense area for now, but as long as it stays above 219-224-229 it's in momentum.
Trailong stop is one option, but taking some off here would not be bad to trail the rest up.
As long as it keeps above 234-240, 255 area is the immediate target.
At evidence of support at 219 or 214 when it comes into consolidation, more can be added.
It's always going to be mid to long term for real gains. Has to shed a lot of bad media it's got over the past couple of years.
Good luck.

 

[roneeth]

Hello Amit,

Though market are weak,India Bulls is trading comfortably with intraday high till now being 208.80 and cmp 208.

Regards

Roneeth

 

[AMITBE]

Hello Amit,

Though market are weak,India Bulls is trading comfortably with intraday high till now being 208.80 and cmp 208.

Regards

Roneeth

Yes...I'm watching too Roneeth. If it can trade above 214-217-222 it'll get on with it there.
Too early to average here I'd say, looking at what's been happening with it.
It's really a strong counter with outperforming results each time.
Wait and watch.

 

[roneeth]

Hello Amit,

Yes i will wait and watch.Its amazing to see such price action and how the markets play,while some dip ,some stay rock steady and some zoom up.
Bata india touched 200 ,took out the last weeks high of 194(i am not in).
Torrent touched 298 and closed at 304.

Thanks and regards

Roneeth

 

[nkpanjiyar]

Hi NK...Both Bharat Forge and Super Spinning are long term stocks in my portfolio besides Lakshmi Machine Works, Financial Technologies, Tata Power and Tata Tea besides a few from way lower levels.
Besides these long term investments, I maintain position in a few others off and on, periodically entring and exiting them, mostly the same ones, like Bharti, McDowell, JP Assiciates, Infotech Enterprises, Rolta, Unichem Labs, Gateway, Aegis, Gammon and a few others. It's a simple and an effective system that works for me as I know these counters well and am able to follow their trends easily while taking sizeable positions each time.
I also move in and out of several trades simultaniously in the short term on anything that catches my attention.

I had recently twice called Bharat Forge just as it was preparing the next leg of its move up each time. I believe you caught the second one and slightly high after checking with me, a few days ago. I had mentioned this as a wealth creator in the mid to long term and it will get there...well above what I had put down. With my entry a s/l is no issue but you may want to keep it at 394 or 402.
On Super Spinning...my wife happens to be from Coimbatore from the extended family and they are personally known. As I'd written then, this too is a long term strong growth story. From 155 on Dec 31 '04 to 410 Dec 29 '05 is about 170% up. Price action follows financial performance as we know.
Now it's been in sideways consolidation since November last in a range getting quite narrow. The charts per se don't suggest an immediate buy, but that would come soon. The call was was more tilted towards the fundamentals with the charts suggesting an opportunity in the near term.
The stop suggested was quite conservative and as also suggested in the call, 378-383 could turn out an even better entry should the market keel.
So...the story is there as are the levels, so it's your call or anybody else's if interested.
Today was a dipping market and may get tricky ahead, so take care.
All the best.

Oh by the way...I have position in every call I make.

Amit, so kind of you to explain in such a detailed manner. Bharat forge is one counter I am following for long time but couln't able to guess what would be the entry point. In consultation with you I made entry though a bit higher but made at right point. I am watching Lakshmi machine from the level of 8000 to 20000 from last one year but couln't dare to buy at such high price. Super spinning details I was not having. Thanks for sharing and Nice to know your family has some connection with coimbatore. Will take a decision to hold now.

cheers,
nkpanjiyar

 

[AMITBE]

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?

Hi dinkerj...GujNRE is a top company an in an expansion mode over a period of time, and while the stock has been beaten down in recent times, the prospects remain good. It's in an interesting area, coking coal, and has the capacity to produce at about half the international prices. The concern is it's association with steel industry which is depressed, and the fact that the equity is diluted.
At 91 now a move above 95-97 with volume would set it up. A long term good counter.
Bongaigaon...sad state, a tad above a crucial support at 66 and only a move above 77 will make it worth assessing tecnically.
Leaving the last for Saint.
All the best.

Hey Saint...could you have a look see please.

 

[kumar7]

Amitbe:GSPL

Is it worth buying GSPL for trading purpose between 41-43 level?

Kumar

 

[roneeth]

Hello Amit,

Torrent touched 353,16% up today.

Thanks and Regards

Roneeth

 

[AMITBE]

Re: Amitbe:GSPL

Is it worth buying GSPL for trading purpose between 41-43 level?

Kumar

Hi Kumar...there's no data on this, and today's price action alone is confusing to say anything for trading levels etc.
Was reading somewhere it's a good stock to hold in the mid to long term.
Regards.