Some Good Steals...

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AMITBE

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smallbull74 said:
Hi Amit, ITI scaled up a shade higher today... closed at 69+.
I lost quite a bit today in Surana Tele..... entered at 52.5 (5K volume) and had to exit at 50 at the close.
Do you suggest any scrip for tomorrow, wherein I can trade.. Anyday, I would prefer to go with your suggestion than trading blindly. Pls. help.Thanks,Smallbull74
Hey smallbull74, a mistake with Surana at these levels. Been running up three days.
Please don't go chasing spurting scrips. It's ok to catch them even if late in the first breakout, but getting in on the third day is not on.
Don't be in a rush, or don't feel left out. You'll make mistakes. There are good picks even in low markets and the market is an endless ocean.
There were calls on East Silk, India Cements, Aztec etc?
I personally don't advocate intraday play. Mostly people lose there unless really skilled, and what is the big deal with it in any case? If you read around in the threads here, most everyone is calling scrips with targets every day. Once in, one has to wait out the process of the maturing of each trade for best gains.
It's a waiting game with ITI for now.
Again don't worry and feel left out. Keep looking for calls here and closely follow levels. Would love to help you recover more than some of the losses.
Good luck.
 
hi Amit, thanks for your advise on Seasons Furnishings....
Do you have any good picks...
I was just thinking to enter GOLDSTONE TELE. This is the report I was looking at http://cheappicks.blogspot.com/2005/08/goldstone-tele.html
What are your views on it. At what price should I enter & exit
Thanks once again
 

AMITBE

Well-Known Member
alokdaga said:
Hi Amitji,

Great to see your adises to all on forum. Help me also on one. Holding JP Hydro IPO allotment @ 32 and 1000 rolta @ 120 Any targets of trailing SL.

Regards

Alok
Hi Alok, please drop the Ji if you will...
JPHydro is a hold. It's a long term play and if in for that, whatch it grow.
You've made a very good killing on Rolta. From here start booking partial profits on it with a trailing s/l. My target is 175.
Regards.
 

AMITBE

Well-Known Member
Hi Satya, about Dr Reddys...
Often TA does not work too well with such counters, as any time some news can come in and do its work.
However all I can do is suggest some levels here.
From 800 today, there is a slight positive divergence.
Right away there is some resistance zone to the up at 800-812, then at 820 which is also its 20 DMA. Then again at 830-835 after which 850-860.
The first support is at 780-788 levels. Then some strong support at 775, which should hold.
These levels are for you to watch for, and again, it's a difficult call on Dr Reddys as on a good pharma day it can take out all sorts of resistances.
Hope this helps with your trade.
 

AMITBE

Well-Known Member
AMITBE said:
Hi all...
A very interesting move in Nucleus Software today's close at 298.30 with spurt in volume. Will update later this evening.
Someone bought Shyam Tele and checked with me....made a fantastic climb to 126 off...exceeding my target of course. :)
Had called at 90.
Hi all...as I had posted above, late evening, Nucleus has made a nice move today closing 298.30 after testing 307. This 307 is where it had been stumpted middle of July, and had fallen off to 268. Back there and testing that level again, it just may do it this time. If so, expect 330 first. Keep a good watch.

There are a few queries still pending and buried under the postings.
I'd like to request if there is anything important, do post again.
Regards.
 
Hi Amit,

Was out of action...
Any updates on NRC, APTECHT, CUMMINS
Saw the Aztec climb yesterday :)....Do u suggest an entry in AZTEC at this level...?
 
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hI AMITBE,
Could you please anwer my query on Welspun India.

Welspun India has seen a breakout...rose by 15.5% day b4 y-day. Ended the day at 133 with strong volumes breaking out from its 200 DMA of 119. Is this a good enough indicator to go long on this scrip? Do you foresee any targets for this scrip.

Also it is going into retail...so has to be valued as a textil plus retail brand.

Thanks and regards
Gaurav

AMITBE said:
Hi all...as I had posted above, late evening, Nucleus has made a nice move today closing 298.30 after testing 307. This 307 is where it had been stumpted middle of July, and had fallen off to 268. Back there and testing that level again, it just may do it this time. If so, expect 330 first. Keep a good watch.

There are a few queries still pending and buried under the postings.
I'd like to request if there is anything important, do post again.
Regards.
 
naga2054 said:
Some Info about Spice Jet:

The promoters, a group of NRI investors, who hold a 31 per cent stake, are in talks with the London-based Hinduja group, reports Economic Times.The Hindujas are planning an aviation foray and are expected to take the final call on any such deal after due-diligence.

SpiceJet is one of the few airlines that actually has planes and infrastructure on the ground..

The airline has announced aggressive expansion plans and is currently operating with over 90 per cent load factors. It has announced an order for 20 Boeing 737 aircraft, costing over $1.3 billion. It currently operates with a fleet of two aircraft. The Hindujas, on the other hand, earlier operated a cargo airline joint venture with German carrier Lufthansa. This airline folded up in 1999. Indian laws allow NRIs to hold up to 100 per cent in an airline.

SpiceJet currently operates on the no-frills, low-fare model. It now flies daily to six cities, Mumbai, Bangalore, Ahmedabad, Pune, Goa and Delhi. Its strategy is to connect metro cities to smaller non-metros


If this is true, it should be followd by an Open Offer..

Nagzu
Nagzu
Thanks .
So , should i hold on to SpiceJet and till what tgt ?
Vinsu
 
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