Some Good Steals...
- Thread starter AMITBE
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Hi Amit
Thanx again, FT definitely is a long term story although the levels are premature to quantify I think. Also how do you arrive at a target price especially such a round number of 2000 As 'Reminiscences of stock operator' has talked about a stock never stopping at a round figure as and when it crosses it for the first time. Does it hold any good today as it did nearly a century ago
Regards
Thanx again, FT definitely is a long term story although the levels are premature to quantify I think. Also how do you arrive at a target price especially such a round number of 2000 As 'Reminiscences of stock operator' has talked about a stock never stopping at a round figure as and when it crosses it for the first time. Does it hold any good today as it did nearly a century ago
Regards
Hi SSM, I'm arriving at that number looking at first it's own price trajectory since the last few months where I got in at 350 or so. It's 1100 plus now.
Further, if you happened to visit its website, you can find the following:
FTIL (Financial Tecnologies India Limited) has promoted Indias leading multi commodity futures exchange (MCX) and inter bank forex trading platform (IBS-Forex). Financial Technologies (India) Limited (FTIL), Multi Commodity Exchange of India Ltd and Dubai Metals & Commodities Centre, (DMCC), a strategic initiative of Government of Dubai, have entered into a joint venture to form Dubai Gold & Commodities Exchange (DGCX) which will be operational in the second half of year 2005. FTIL & MCX also signed an official MOU with National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) announcing setting-up of Indias first electronic exchange for commodities markets called the National Spot Exchange for Agriculture Produce (NSEAP).
DGCX is now operational, and the profits for FTIL can be mind boggling, being party to the joint venture. All this is being reflected in the recent price action. Approaching the next annual result season, still a good 6-7 months away, we'd be looking at around the price I'm estimatng. Wonder if you have been following the results quarter on quarter, and year on year...Also, a major FII picked up 6 or 9 lakhs shares from Reliance a few weeks ago at 900 off.
And as far as that goes, the round figure I've mentioned is more like a 'thereabouts'. Gee SSM...if I'd written 1982 or 2069 it would have sounded even more weird, eh friend...
Further, if you happened to visit its website, you can find the following:
FTIL (Financial Tecnologies India Limited) has promoted Indias leading multi commodity futures exchange (MCX) and inter bank forex trading platform (IBS-Forex). Financial Technologies (India) Limited (FTIL), Multi Commodity Exchange of India Ltd and Dubai Metals & Commodities Centre, (DMCC), a strategic initiative of Government of Dubai, have entered into a joint venture to form Dubai Gold & Commodities Exchange (DGCX) which will be operational in the second half of year 2005. FTIL & MCX also signed an official MOU with National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) announcing setting-up of Indias first electronic exchange for commodities markets called the National Spot Exchange for Agriculture Produce (NSEAP).
DGCX is now operational, and the profits for FTIL can be mind boggling, being party to the joint venture. All this is being reflected in the recent price action. Approaching the next annual result season, still a good 6-7 months away, we'd be looking at around the price I'm estimatng. Wonder if you have been following the results quarter on quarter, and year on year...Also, a major FII picked up 6 or 9 lakhs shares from Reliance a few weeks ago at 900 off.
And as far as that goes, the round figure I've mentioned is more like a 'thereabouts'. Gee SSM...if I'd written 1982 or 2069 it would have sounded even more weird, eh friend...
hi amit can you give me some advise on which ones to pick tomorrow out of these
Hindalco (500440)
satnam Overseas (512559)
Birla VXL (503796)
KG Denim (500239)
Mangalore Chemicals (530011)
Rama Newsprint (500356)
Sorry for putting such a big list again. But I need a good returns on the investment. If you have some better advises other than these please let me know. If you could tell me the price to enter the stock which you think is good will be gr8.
Hindalco (500440)
satnam Overseas (512559)
Birla VXL (503796)
KG Denim (500239)
Mangalore Chemicals (530011)
Rama Newsprint (500356)
Sorry for putting such a big list again. But I need a good returns on the investment. If you have some better advises other than these please let me know. If you could tell me the price to enter the stock which you think is good will be gr8.
Hi trading-wizard...how I wish new comers would not put all thier money into penny stocks, and on the basis of tips to top it all. I'm feeling so bad about your losses.
All I can do is give important supports here, as most of your scrips are showing temporary (as of now) weakness. Below the supports they may dip further. On the other hand there may come a bounce at these levels. Do keep me updated.
It will be a good idea for you to come out of these at some opportune time soon and put your money in not more than two strong trades and recover losses. Have perseverance...the market is not going away ever and there will be opportunities always.
gv films is looking weak at this point, but if it manages to climb to 2.20 and stays above it, there is some hope. Has support at 1.70.
At 19.85, Malar has support at 18.60. It's safe above this for now.
Ganesh Poly at 14.25 has support at 13.50.
Ecoboard at 24.45 has good support at 23.20.
Sunitee at 4.50 is at a crucial support. 4 is the last point.
Hazoor hotels I couldn't find, but if it's same as Hazoor Media & Power, it's at 18.70 and 18 is the support.
Regards.
All I can do is give important supports here, as most of your scrips are showing temporary (as of now) weakness. Below the supports they may dip further. On the other hand there may come a bounce at these levels. Do keep me updated.
It will be a good idea for you to come out of these at some opportune time soon and put your money in not more than two strong trades and recover losses. Have perseverance...the market is not going away ever and there will be opportunities always.
gv films is looking weak at this point, but if it manages to climb to 2.20 and stays above it, there is some hope. Has support at 1.70.
At 19.85, Malar has support at 18.60. It's safe above this for now.
Ganesh Poly at 14.25 has support at 13.50.
Ecoboard at 24.45 has good support at 23.20.
Sunitee at 4.50 is at a crucial support. 4 is the last point.
Hazoor hotels I couldn't find, but if it's same as Hazoor Media & Power, it's at 18.70 and 18 is the support.
Regards.
Hi Nishant, in an earlier post you'd asked about intraday. Usually I don't look for them unless I'm tracking or holding a trending scrip where such opportunities do come.
On your query about Javelin Technologies...don't know about your tip...from the chart, a close above 101 is important to establish any trend.
Regards.
On your query about Javelin Technologies...don't know about your tip...from the chart, a close above 101 is important to establish any trend.
Regards.
Hi talktoa..I'm really happy to know you're willing to wait up to six months for your investments to mature. There'd be plenty to choose from in that time frame. However you'd be better off if you waited for a few sessions before investing, as at this time I'm not too comfortable with the way the market is going. No clear trend has emerged except that it's going up on very little substance. My advice again is to hold for now.
KG Denim is good from what I know. Currently at 59, take it passing 66 with volume. As you are looking at three to six months, now could be a good time too as the trend is good, but 66 will give confirmation.
Satnam Overseas is also a great buy. At 108 now, wait for confirmation at 111. Should it slip, 103 is a good support, but then 111 will still remain. Even so, look for some good gains going ahead.
Hindalco will gain at a steady pace, and fireworks are not likely. However, it would be good to put some of the money here for safety.
I have been screaming of IFDC too, and its been gaining steadily. In three months youre likely to gain 30% from the CMP and it's another safe bet too.
Pricol and Era Constructions are two other scrips who should do well over the next six months.
Regards.
KG Denim is good from what I know. Currently at 59, take it passing 66 with volume. As you are looking at three to six months, now could be a good time too as the trend is good, but 66 will give confirmation.
Satnam Overseas is also a great buy. At 108 now, wait for confirmation at 111. Should it slip, 103 is a good support, but then 111 will still remain. Even so, look for some good gains going ahead.
Hindalco will gain at a steady pace, and fireworks are not likely. However, it would be good to put some of the money here for safety.
I have been screaming of IFDC too, and its been gaining steadily. In three months youre likely to gain 30% from the CMP and it's another safe bet too.
Pricol and Era Constructions are two other scrips who should do well over the next six months.
Regards.
Hi nsks...this is something I've noticed too in SAIL and ONGC as well. To me it appears to be manipulation in the ending minutes to pull up the indexes. I had commented on this a couple of days ago.
Speculative, is my comment. Once the operators have done thier bit, they'll let the market tank and make a killing short selling.
Regards.
Speculative, is my comment. Once the operators have done thier bit, they'll let the market tank and make a killing short selling.
Regards.
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