Some Good Steals...

[AMITBE]

Karnataka Bank is a good find Amit.. Was just inquisitive as to how u caught this fish..
Is it thru some rule based search using a trading software? or personal experience.THanks again for the find. Nagzu

Hi Nagzu, yes KtkBank is looking good isn't it...
I don't use trading software. I have a data base which I update everyday, and scan manually. Tedious, but a lot gets looked at.
Cheers.

 

[AMITBE]

Amitbe Your views on Nesco (2 consecutive circuits) - Presently quoted in 800's range 21st Century Management - Presently quoted at about 47/-Regards

Hi Kamalesh..I'm not even going to look at the fundamentals of your picks as you'd do a way better job I'm certain
On the charts, Nesco is looking to move towards 950 plus zone soon, possibly after some retraction? You may know of any news on this? It's in a long term uptrend and a strong scrip, by the charts. Looking to get in? High, but will go higher. Should it react at 950 zone, you may get it around 900. If it takes out 950, it'll probably rest some, and then get on with it.
The price action reminds me of Financial Technologies...same illiquidity and strong uptrend.
21st Cen...have you looked into the fundaments and tracked news here? Is there anything there to justify the sharp jump? In about exactly a month it has come from 16 to 48, a climb of 200%. There's not much to say in any certain term where this is heading...as of now.
Regards.

 

[AMITBE]

Thanks for your prompt reply.
Moreover, what are the prospects of Alok Textiles and PTC. Any short term scrips that i could make use of would be handy. Thanks alot.

Hi brewin_vaz...had missed your query on Alok and PTC.
After almost two years of consolidation, Alok recently boke out on clearing 70-73-75. However, there is equity dilution in the scrip that the market is aware of, which explains the slow move. 90 is the first target from current 81.70, and over a period of time 120 is quite possible. It will get there eventually but will test your nerves.
PTC India Ltd, is into providing power trading solutions and is a Govt. initiated Public-Private Partnership. Logically then, the future has to be bright for the scrip, but for a long time it has languished sideways, bereft of any trend whatsoever. There's no point in taking position here, except if you are looking in the long term.
Regards.

 

[AMITBE]

i have picked up gatway district park 200 @ 182 ,bsel infra 500@ 40 ,sesa goa 100 @
672 , dwarkesh sugar 100 @ 208 ,kcp sugar @ 335, guj amb cem 500 @ 62. i am trader as soon as i get my gain 10-25 % i try to pick some other stock which will grow my money.but some stock which i sold e.g.300 *** at 240 shoot to 275 ,100 petnet at 53, 500 mrpl @ 52, 1000 sail at 58 . i want to hold bsel infra ,sesa goa, and gateway park for long period as margins in the businesses are more than 50 % are all are looking long term winner.should i hold these or switch over to other potentially high gaing scrips like india cement ,ashokleyl and, bilt , ubi. also mention any weakness in my picks.

Hi Chankya...if I may request, kindly do type in your query clearly. It's gateway...took me several minutes to locate this one...there are so many I haven't heard of. It would help to post the symbol or code too.
Gateway is relatively new and not a lot of data on it. From what there is, at 206 it's on a support, but below 203, the next support could be 196. The last two sessions were unkind to most trending scrips and on Friday the breadth was pretty poor. If this takes off, go with it with a trailing s/l, but should it show weakness, exit at the points suggested above. You can always come in later. In the mid term this one is likely to do very well.
BSELINFRA, same as above...lost ground Friday but is looking tired, as I have been tracking it for a target of 55, which it tested twice late last week. Is on a support at 51.30 and the next is at 49. Again, take profit at signs of weakness, and should it turn around, ride it out.
SesaGoa...is in sideways consolidation at 740, and at some point is likely to test 760-770. Hold it.
Dwarkesh is in an uptrend and will do well going ahead. At 223 it may correct a little to even near your entry, but a move to 240 is likely.
KCP Sugar is a hold too...again from current 260, following some correction should be looking at 280 plus in the near term.
GujAmbuja is a great pick in the cement pack and will give steady gains.
This is for now.
Regards.

 

[joy_mitali]

H AMIT,
u folks r Going Great guns---I agree with u about Guj Ambuja---On the sugar side---I have a bit of biasing --towards BALRAMPUR CHINI---Do also follow GEOMETRIC SOFTWARE----best buy around 114--115(Friday close--122.15)---expect 160+---in medium term----for short term ---one can get out at 132----

By the way--- Sorry PAL---I have still not replied to ur mail---was a bit busy ----when the mood comes---then only I will reply---I hope u understand---
Regards,
joy_mitali

 

[AMITBE]

Hi Joy...nice to see you here friend and thanks for the tip...will look in.
Hope da mood comes soon!

 

[AMITBE]

Hi, I've picked up JCT@20, GR Cables @ 15, Alka India @2.98, SGN Telecom @ 1.06, Techtran Polylenses @33, Shree Rama Multi [email protected]se tell me if these are worth holding onto. i have avg invt of about 5k in each...looking for quick gains.
trying to pick up coastal roadways also....im really bullish on that stock. wot say??

Hi vivmeister...please get me the code/symbol for JCT as the two listed are no where near your entry.
GR Cables is moving strong and ride out the trend. 17 is strong support, then 16.
Alka is zooming down quickly, and exit at any opportunity.You may lose a little now, but keep cash for other things.
SGN...is trending smartly, and from CMP 1.67 may test 2.20 in the near term. Should there be resistance there, exit for now and take it again at that level coming up later. Can do 2.50.
Techtran is sideways at 32.90 and looking to get higher. Ride it with a trailing stop. 30.60 is an important support. Exit if it shows weakness here, as can go lower.
Shree Rama is looking ok, though dipped a bit to 25.35 on Friday with a sharp decrease in volume. 23 off is support if it wants to go south further where you may want to exit to preserve capital. Get in later coming back up here, should it drop.
You've written the quest is for quick gains. Let me say from my experience, this is not the right way unless you have done your homework well, especially in penny stocks. There are all sorts of them flying currently. A good chance they'll get beaten badly when the operators leave.
Regards.

 

[vizzie]

Hi AmitDa

wanted ur views on mount everest.
entered at 45.
it has tried 70 a couple of times. but fails.
what can be expected ?

regards
vizzie

 

[AMITBE]

Hi Amit I have ajanta [email protected] Today was there borad meeting to declare results. Please update and suggest whether to continue or exit
I have gufic bio @30.90. They have declared dividend @22% AGM is on 29th Sept. Please suggets for both counters. Are they worth holding?

Hi Ashwani Bhatia, Ajanta Soya is finding it difficult at 16 off. It's likely to make gains past this mark. Some good support at 13.80-14. Keep a watch. Don't know about the board meeting.
Gufic Bio reacted severely at 40 early Aug and is showing no signs of recovery yet. 28.75-29.20 are last supports and may seek lower levels should these be breached. If it can manage to consolidate above 30 off, there's likely to be recovery. I'm watching closely as I have position at the current price. There does appear to be good accumulation going on.
Regards.

 

[AMITBE]

Hi Amit,
Any suggestions on stocks in Power sector, like Universal cables and KEI ? Do these seem to have a good future in India, since the demand of cables will increase? Regards

KEI is really good, tradebull. A firm mid term uptrend now with a new breakout after consolidating sideways three week recently.
This will go places in the mid to long term if that's what you are looking at. For now, wait for the current correction at 217 to complete, possibly around 204-207, and take it going up there. On the other hand it may even test 226 off soon from the CMP. If so, you may get a chance at it around 212 again on the down. Do keep me posted the next week if you are tracking this.
Regards.