Some Good Steals...

[AMITBE]

Hi all,
Listing some scrips from my list where there is good buying happening with with increased volume and firm movement.
The list is for reference in the coming days:
Rolta @ 127 in a tight band of 127-129.
SRF@ 298 between 297-299.
NTPC@ 96 between 95.50-96.80
Cummins@ 145.70 between 146.05-147.20
GujNRECoke@ 137 between here and 139
Bharti@ 305.50 between here and 309
BSELINFRA@ 45.65 between here and 46.80
Alok@ 69 between 67.50 and 69.90

Those which have slipped today with good buying:
Hind Lever@ 163.65 between 164.20 and 165.75
India Bulls which has slipped to 217 now with a strong sell pressure at this point. I am strong with this still. HAs next support at 213-214 should it slip. The traders know this and should it slip further, there'll be strong buying here.
Arvind Mills down at 126. Arvind is favoured by yo-yo traders who will soon bounce it between where ever it closes tonight and 129.

If there's anyone with spare cash in the kitty and looking to six months or even more, look at Duncan Industries.
I have position in this from 29, and is being accumulated big time by investors for a really big target. Has done 38 recently and now for 33 off.
Regards.

 

[roneeth]

Hello Amit!

Thanks for the updates.....they really help.
I am holding India Bulls and Arvind.

Regards

Roneeth

 

[AMITBE]

Hello Amit!
Thanks for the updates.....they really help.
I am holding India Bulls and Arvind.
Regards
Roneeth

Sorry about both, Roneeth..
I'm holding both too, but with the benefit of lower entries.
I can't find an immediate support below 212 for IndBulls...till much lower, and I doubt very much if it'll go that deep. 212 should be good enough for a bounce back, but will take time getting back to your entry. It was consolidating/correcting at 245-250
Arvind is above a good support at 120-122, but again I feel the yo-yo traders are going to play it between here and 129, a long time resistance, before setting it free.
Take care, buddy.

 

[roneeth]

Sorry about both, Roneeth..
I'm holding both too, but with the benefit of lower entries.
I can't find an immediate support below 212 for IndBulls...till much lower, and I doubt very much if it'll go that deep. 212 should be good enough for a bounce back, but will take time getting back to your entry. It was consolidating/correcting at 245-250
Arvind is above a good support at 120-122, but again I feel the yo-yo traders are going to play it between here and 129, a long time resistance, before setting it free.
Take care, buddy.

Hello Amitbe!

Please dont say sorry.....
You are helping me a lot....I am happy i am in this forum amidst you all.I have learnt a lot ....and long way to go. Ups and Downs are part of life.Thanks for all your posts and please keep posting.....

Thanks for all your support.

Regards

Roneeth

 

[tusharc]

Hi Tushar,
I'm not aware when you entered these scrips, and I cannot even say if you should hold or exit any. Try to figure out what you'd like to do going by what I am able to see from the charts.
Blue Chip: It seems it's been in a steady fall from about 8 levels from early last month. I wonder if you entered at a slight pull back last week? At this time it is well below the last and only strong support of 5 levels to close at 4 with a big spurt in volume. Below this is 3, from over three years ago! When it does climb back past 5, there's stiff resistance at 6, and past that, there are several difficult levels to cross to arrive back at 8. You may likely get your price if you wish to wait and watch for a while.
Sangam India: Seems you've done well with this. There was a marginal drop today to 59.65, less than a Rupee from yesterday. Obviously bullish, and past 64, you could look to 75 in the near term.
Satnam Overseas: I had called this yesterday and it has slipped a little today after some gains yesterday. It's in an up-trend and will meet resistance at 104-105. Past this you should be looking to 115 first, and take it from there.
Vishal Exports: There's been a lot of talk on this in the forum recently. Today it has closed at an important support of 22 off and was in the midst of a nice pull back tilla couple of sessions ago when the markets began to come down. No fears with this, and past 25 it should do well as it's a very liquid counter.
Morpean Lab: Since the high at 13-14 in early Feb, it's been in correction and had levelled out around 7 with consolidation recently. Seems to have spurted recently on some news? The trigger for a new up trend seems to be under way, but did fall back the last couple of days along with the market. A good support at 10 off currently. Watch what happens when things settle down, and a push past 12 with volume should continue the up move.
Mphasis: You've taken a good entry, but the correction does not seem to be over yet. It has closed at a good support at 55 off today, but as I track it too, it should pull back to 60 plus soon where it seems to like to consolidate. It has tried to test 277 off recently several times but fallen back as could not sustain above 277 which it must for the resumption of an up-trend. Should it happen again and if it still can't stay above there, you may want to exit to re-enter past 285 with volume. Target then would be 320 plus. Unforunately, there is also news now of Baring's stake in it for sale and no one quite knows where things are going. But should that happen, expect a surge.
WELLWIN INDUSTRY: Since March last year has been in sidewards correction in a 7-10 band, and since the past three months is forming slightly ascending triangles. Needs a trigger for a sharp breakout above 11. Would you know how the quarterly results went? Check at the NSE site.
That's all for now, and should you need any claification, feel free to ask.
Regards.

Hi Amit,,

Thanks a lot for your valuable suggestion...

I simply don't understand how do you analize so well,, i mean this shares were not in your portfolio but in very short time you responded to my message...

Great going,, I am really amazed..

My new learning begains

Always Remains
Tushar

 

[AMITBE]

Hello Amitbe!
Please dont say sorry.....
You are helping me a lot....I am happy i am in this forum amidst you all.I have learnt a lot ....and long way to go. Ups and Downs are part of life.Thanks for all your posts and please keep posting.....
Thanks for all your support.
Regards
Roneeth

Thanks Roneeth...happy for IndBulls closing above 213, and Satnam did well too after the runup this morning. Didn't fall badly at all.
Regards.

 

[AMITBE]

Hi amitkr, if you read this...Madhura..and other new traders..
You'd all apparently entered this world at the peak of a bull run.
There's not a whole lot to learn about the market in such a setting. It's a lot of fizz, profits aside. There's exuberance, profusion and buoyancy.
Yet like the ocean, the market is eternal and boundless, in a manner of speaking. Ebbs and high waters are a part of this, as they are a part of life. To take this forward another step, decay and revival are the fundamental pivots in nature, as in the market.
There's a lovely poem by Tagore which I'd like to share with you:

The night kissed the fading day
With a whisper.
'I am death, your mother,
From me you will get another life.

I'm aware some of your positions have taken a beating in the last few sessions. It can be quite disconcerting, yes, but ride out the storm. It's times like this this that makes men out of boys (no gender bias implied!). All of us who have been in this for long have been through here.
The pull back will come. Take this opportunity to study well the books available, and learn the tools of your newly found trade.

I didn't mean to pontificate, even if I sound as if I did. Nor did I mean to sound superior or supercilious
Emoting a little...perhaps..
Take care.

 

[ravi t]

Hi amitkr, if you read this...Madhura..and other new traders..
You'd all apparently entered this world at the peak of a bull run.
There's not a whole lot to learn about the market in such a setting. It's a lot of fizz, profits aside. There's exuberance, profusion and buoyancy.
Yet like the ocean, the market is eternal and boundless, in a manner of speaking. Ebbs and high waters are a part of this, as they are a part of life. To take this forward another step, decay and revival are the fundamental pivots in nature, as in the market.
There's a lovely poem by Tagore which I'd like to share with you:

The night kissed the fading day
With a whisper.
'I am death, your mother,
From me you will get another life.

I'm aware some of your positions have taken a beating in the last few sessions. It can be quite disconcerting, yes, but ride out the storm. It's times like this this that makes men out of boys (no gender bias implied!). All of us who have been in this for long have been through here.
The pull back will come. Take this opportunity to study well the books available, and learn the tools of your newly found trade.

I didn't mean to pontificate, even if I sound as if I did. Nor did I mean to sound superior or supercilious
Emoting a little...perhaps..
Take care.

Dear Amitbe
wow!!!! this is all i can exhale after reading your above post.. You indeed are a man of difference in this forum. a great technician, an excellent poet a good philospher and above all a kind hearted person who is always there to help each visitor here with all the possible options availbale to pull out someone from red .You know what,it's a reall good experience to know you!!!
Wishes and Regards
RAVI T

 

[shankarn1]

Hi guys,

i need some info on RelCap Open Offer. The Open Offer is from 11 Aug till 31 Aug. the open offer is at 231 Rs per share.
I went through the pdf document , but couldnt grasp much of it. Can someone please enlighten me in simple terms what is the exact procedure?
Thanks in advance,
Shankar.

 

[jaideep]

.........There's not a whole lot to learn about the market in such a setting. It's a lot of fizz, profits aside. There's exuberance, profusion and buoyancy.
Yet like the ocean, the market is eternal and boundless, in a manner of speaking. Ebbs and high waters are a part of this, as they are a part of life. To take this forward another step, decay and revival are the fundamental pivots in nature, as in the market.
There's a lovely poem by Tagore which I'd like to share with you:

The night kissed the fading day
With a whisper.
'I am death, your mother,
From me you will get another life.

I'm aware some of your positions have taken a beating in the last few sessions. It can be quite disconcerting, yes, but ride out the storm. It's times like this this that makes men out of boys (no gender bias implied!). All of us who have been in this for long have been through here.
The pull back will come. Take this opportunity to study well the books available, and learn the tools of your newly found trade.

I didn't mean to pontificate, even if I sound as if I did. Nor did I mean to sound superior or supercilious
Emoting a little...perhaps..
Take care.

AMIT, let me add to Guruji (if you will), a Sage in his own global niche...

It's night & night alone that spells what is darkness,
'coz to know what is more you've got to know what is less;
When it dawns a new day and light drives out the night,
it'll make you still wonder who has all the might.

Is it the black or the white in the grey that you choose,
which darkens the pale or lightens the hues?
A few quizzical posers to wizards everywhere,
just answer them straight & wisely & fair.

When the end does come & the black & the white,
swallow the grey & claim their own right;
That's when you would have to cough up the score,
'coz buddy, my pal, you'll face what's in store.

And AMIT, wrong category posting perhaps but please don't trigger me off with verse. I'll go bonkers & just respond likewise, likeable or not .

And, And AMIT, your style & prose (technical or otherwise) is very, very laudable indeed. Another facet of your's, perhaps under-tapped. Pls do go to the general chit-chat category more than once in a while if you can. I for one will be happy. sh50!! you too. Are you listening my friendly bard?