Some Good Steals...

[shrinivas]

Hi Amit,
can you tell me how these scrips tecnically look?
Shyam telecom,Shree Renuka sugars
thanks

Dear jntrade..(amitda, sorry for replying your thread...but just for learning sake).....,
Shyam Telecom- on 18th October'05 -high 94.55.... low-87.35
5th january'06-118.9 low-106.9..and just the next day zoomed to 127.2 from where it started coming down.....was stable at 100, further fell and consolidated at 95....saw an upward moment from 13 Feb to 7th March this year and again stabilized at 95....I presume that it would consolidate here and a break above 100 would take it to 105.....amitda would look it into detail and put his fundamentals stuff to support the comments.....

Shree Renuka Sugars-
31st Oct'05- high 315....low 257..and it always saw the upward moment after this.....stable at 400 for a very short time...then for a very short time at 500..then at 800 for a very short time....then directly stable at 1000...now trading at 1000-1100 range, a break above 1200 would take it further...but still, I suggest have a look at the orders and other fundamentals... I personally believe that it has already appreciated...but I may be wrong...amitda can look into other details and suggest...
Trade with caution !!!!!

happy trading...

ganeshhity

 

[jntrade]

HI ganesh,Amit
thanks for hints on the above scrips .
I,m in search for fundamentally strong scrips which resist market fall.
Dont know much about renuka sugar,but i heard that ethnol will play a significant part in sugar sector going forward.Also investment experts like Dr.Mark Faber once pointed out that(also some talks during the Bush visit).
Amit, I read some comments from Mark(Dr.Doom) from his web site-
http://www.gloomboomdoom.com/marketcoms/indexmarketcoms.htm
especially "correction time is here" and
http://www.gloomboomdoom.com/marketcoms/marketcoms.htm
.There is lots of charts and indicators for global and emerging markets.How it will affect our Nifty?
Thanks

 

[saamy]

I have LG Balkrishnan Bros bought @ 37 . How is the chart looking for this stock.

 

[AMITBE]

Hi Amit,

how you doin m8? Would like to know your views on Zigma, the mgtm has declared a bonus. Scrip seems to be in the doldrums. What do you suggest?

regards,

Anthony

Hi Anthony...I'm doing fine now thanks...how have you been?
With these penny counters it's better to keep off I believe. If you want in, wait and watch for rising above 3.
Regards.

 

[AMITBE]

hi amitbe
this is swapnil here agian after a long time i m hold a few good fundamental stock want your sugestion on it

1 A K capital @ 85 at a P/E of 3 to 4

2 vadilal enterprice @ 95

3 npr finance @ 27 a P/E of only 2

4 faze three exports @ 17

what do u say what should my strategy on this stocks do they look good to you and can i buy more of this sotcks.

Hi swapnil007...nice to see you again..been well I hope.
You are obviously looking at the fundamental picture to make investments?
My views are on technicals, for all that'll help you.
Ak Capital looks pretty good to me. A move and close above 85 -89 would look good.
Vadilal is adrift for now and sustaining over 96 is what it needs to show for possible entry.
NPR is a stand aside for now. It could drift further south and 23 is crucial as it's the 200 DMA level. Could turn quite bearish if this is breached.
Faze Three too is hands off for now. The recent bottom at 12.85 has to show firmness if another tug to the down comes again. I'd leave this alone till much higher, above 16-18 at least to reassess.
All the best.

 

[AMITBE]

Hi Amit,
Also I want your advice on UBI, Please let me know hows is this,
My entry was@113.

Regrads
sjoshi

Hi Joshi...you could hold with stop at 117. The banking counters may perk up and a move above 127 with increased volume would do a lot of good to UBI.
Do track and follow if you like.
Regards.

 

[AMITBE]

Hi Amit
I have been following Super Spinning Mills. It seems to be on a downward climb from the 390 and is currently at 369 . Do u still think this is a buy on declines ?

Hi hvram...I'm quite comfortable with Super Spinning, but wait for entry now. 354-362-364 is an important area to hold and see what happens here. Above 380 is what we'd like to see it moving to. So wait and watch for now.
Regards.

 

[mejo]

Hi AmitDa,

Today Southern Petroleum (NSE Code: SPIC) was jumped by more than 13% from it's usual 24-25 range.

I'm in the stock for last 6 mths @34 , please let me know shall I continue to hold the stock to make some profit in near future or shall I exit in this upmove and book a loss .

Thanks
Mejo

 

[mail2joshi]

Hi Joshi...you could hold with stop at 117. The banking counters may perk up and a move above 127 with increased volume would do a lot of good to UBI.
Do track and follow if you like.
Regards.

Hi Amit,
Thanks a lot for your advice as always.

As you know I was trapped in RENVL and RCAPVL but I have 100% gain in RNRL (entry was 19), but yesterday I sold 50% of my stock in RNRL as it was trading @37 after 3-5 hrs in upper circuit.

Also I want to invest in other share, so would like to know if there is any dark horse (likeGTL) present in the market.

Your kind help is highly appreciated.

Warm regards
sjoshi

 

[AMITBE]

Hi AmitDa,

Today Southern Petroleum (NSE Code: SPIC) was jumped by more than 13% from it's usual 24-25 range.

I'm in the stock for last 6 mths @34 , please let me know shall I continue to hold the stock to make some profit in near future or shall I exit in this upmove and book a loss .

Thanks
Mejo

Hi Mejo...looks like you may need to wait a little longer in this trade as there is are some more difficult levels further up. The chart doen't look feeble by any means but has been rangebound for a few months. A sustained close over 30 would likely push it through this range.
I'm not quite aware what the business is, but petro related counters are all subject to fuel price policy.
Can't really tell you if you should book out, but can empathise with your frustration in this bull market.
All the best.