Some Good Steals...

[usha]

hi can anyone suggest me some good buy for tommorrow?

 

[AMITBE]

Hello Amit/Saint,

What you said regarding moneycontrol is correct.
These people create lot of confusion and fear in the minds of investors!

Yesterday one of the experts in Moneycontrol has told that "Paper Sector" will do good.
But stocks like Rama Newsprint will not do good according to him!!

I have Rama Newsprint and I want to know your views on this.
Will it give good returns on long run or is it good to sell? Please do clarify.
Regards, Narendra

Hi Narendar...sorry, was out of action all afternoon...power break down.
One factor today that flamed a few print media and print paper scrips today was the listing of HT Media, and there was a quick spurt all round.
Rama is I believe a big enough company, but has been in losses so far.
On the tech front, it meets with strong resistance at 17 off right up to 18.50, and this level it hit back in Feb where it made a double top of sorts and then fell to 12 levels. Lately it has been trying to come in again, makes promising patterns, but always with some news buzz about somebody or the other taking it over.
At some point it may come into its own, but not sure when.
The decision to hold it is your own.
Regards.

 

[AMITBE]

Hi Amit

Very Nice Call Vidioconintl

Thanks

Happy for you, Vicky that you came on, and happier still that you are regaining some losses on this. Good going.
Cheers.

 

[AMITBE]

Hi Amit, Thanks for the great call on Videocon Int.
Could you please let me know the prospects of 'Pearl Engg Polymer' and 'Refnol Resins'. I am in-the-money now. Is this the right time to exit these two counters ?Thanks, SmallBull74

Hey smallbull74...so glad you are in on Videocon. Hope you'll recover some losses here.
Pearl Engg, there is no call to leave the counter yet, technically speaking, as it has just taken out the previous high of 14.85 from two years ago, closing today at 15.14. However as some indicators are showing slightly negative divergence, keep a close look to exit if it wants to dip below 15, to take home some prrofit. The indicators may turn positive if it seeks higher levels, that is a possibility, but be careful.
For Refnol on the other hand, the indicators are positive, as is the scrip in a nice breakout, even if a little over bought. It too has been in consolidation for two years, but with a clear upwards bias all the way to June this year where the uptrend came. This one is a new up move since a month ago, so ride it for now. At 25.10 tonight, keep a strict s/l at 24 if you came in lower. Keep a trailing s/l should it go higer.
Regards.

 

[smallbull74]

Hey smallbull74...so glad you are in on Videocon. Hope you'll recover some losses here.
Pearl Engg, there is no call to leave the counter yet, technically speaking, as it has just taken out the previous high of 14.85 from two years ago, closing today at 15.14. However as some indicators are showing slightly negative divergence, keep a close look to exit if it wants to dip below 15, to take home some prrofit. The indicators may turn positive if it seeks higher levels, that is a possibility, but be careful.
For Refnol on the other hand, the indicators are positive, as is the scrip in a nice breakout, even if a little over bought. It too has been in consolidation for two years, but with a clear upwards bias all the way to June this year where the uptrend came. This one is a new up move since a month ago, so ride it for now. At 25.10 tonight, keep a strict s/l at 24 if you came in lower. Keep a trailing s/l should it go higer.
Regards.

Thanks again for the detailed analysis. I will keep a close watch on the specified levels. While some shares in the portfolio did go up, ITI for some strange reason closed at 67 after reaching a high of 73 today. I am staying put... but then the exposure amount does worry me at times...

Have a good time.

Smallbull74

 

[AMITBE]

1) Last Price Change Prev Close Volume
Rs.32.95 -2.51% Rs.-0.85 Rs.33.80 62,701(BSE)


2) Rs.115.90 6.18% Rs.6.75 Rs.109.15 1,59,409(BSE)
Rs.109.00 -4.60% Rs.-5.25 Rs.114.25 1,63,510(NSE)

3) Rs.42.15 -1.29% Rs.-0.55 Rs.42.70 3,98,668(BSE)

NANDAN

Hi Nandan,
Dharamsi Morarji is a no at this point. Has fallen to 32 from a recent high at 38 and no sign of any recovery as of tonight. 32 is support, but below a fall to 29. Watch to see if it turns around, but could fall off at 38 again.
HITACHI has risen from 82 to 115 all in two days, and closed at 109 today. Really can't say how much it has left in it for now. I am wary of catching runaway scrips at high levels. If you know of any news or the fundaments/valuations on this, take your chance, but a chance it will remain.
Sujana, from 14 in April has been on a steady and gradual climb, with a recent breakout early last month from 27 to 42 now where its been three days now with a drop in volume. May well seek higher levels again after some consolidation, but surely by now it may be over stretched? Watch what it does for now.
Regards.

 

[alokdaga]

Hello Amitji,

Any view on Synergy Login Systems.

Alok

 

[AMITBE]

Hello Amitji,

Any view on Synergy Login Systems.

Alok

Hi Alok, I find it difficult to comment on scrips that have been on the run in this market. You throw a stone, and it's likely to hit several zooming scrips all at once.
Synergy too has come up without a drop from 18 to 26.70 over the week. Who can tell where it's heading...further up, or about to pull back? It looks over bought to me, just like so many stocks flying around.
Really it's a chance either way. Perhaps wait for a pull back and take it from there?
Sorry, but that's all I can say at this point.
Regards.

 

[navgaur]

Hello Amit,
Any guidance of on TATAtele I had purchased at level of 35 on somebody,s recoomedation that it will touch 46 by sep 05. Pl advise

 

[nilotpalbcet]

Hi nilotpalbcet...you've obviously bought both, chasing them at some intraday spurt.
IFCI may in the near term reach your price. The story over the last year or so is that there may be a merger, earlier with Punjab National Bank, or then with IDBI. Both the parties had asked for a compensatory pay out from the govt. as IFCI is a loss making body. There is news expected on this counter, the main reason for periodic spurts, as there is no merit in the scrip itself.
You may have obviously jumped into CenTextiles on the day of the news of the Birla's Pilani holdings settlement. Not a wise thing to do, chase stocks like this. Your wait may be in the mid term for Century to get back at your price or possibly earlier.
Booking losses is a personal issue and depends on how you are doing on your trades over all now. Needless to say, a stop loss strategy is vital to successful trading.
Regards.

Thanks Amit for your prompt reply. Actually I bought the 2 shares on tips from my broker in Indiabulls. I am a novice in this field and I think they (Indiabulls) have misguided me. Anyway instead of booking loss I will wait and see.

Regards
Nilotpal