Hi allI do hope every one took a little or a lot of the benefits in the spectacular run over the week, and taking some deserved easy time off now.
It would sound as if I am boasting and vaunting if I went over all that happened over the week from my calls on the likes of CenTextiles, IndBulls, Dabur etc. About these, all I want to say for now is that they have run up a lot, especially the first two. They may possibly scale down a bit to stabilize and consolidate for a while from here. Not a significantly high percentage was delivered of the high volumes in both yesterday. On the other hand, they could even try to find higher grounds, but Id rather not take my chances just yet.
With Dabur though, there would still be openings on any fall-backs. Its momentum got thrown off at the skewed opening at 158 yesterday and consolidated all day to finish 150 off. More than half of the volume got delivered, so try to take at below this if possible for 160, but be patient with it.
To go back to yesterdays posting on Godrej and Gammon:
AMITBE said:
From my earlier suggestions, two important events happened today:
Both Godrej and Gammon had strong closings today, with the long missing additional trump-card, volumes.
Godrej after making recent highs of 260 has been flitting around 228-235 for over a month. On a rough day like today it closed 241.20 with ok but much increased volumes of over 2 lakhs with 50% delivery. Just past crucial levels now, and there is every reason to believe that the moment is very near indeed when it should be up and away.
Gammon, since I started discussing it has been running on very poor volumes, just a few thousand for over a month, though at its most bullish moves, the volumes rarely exceed 2 lakhs. The price has jumped between 263-269 mainly and a few times has touched 274 intraday. On low volumes it has not been able to hold anywhere. Todays 270 close with 273 intra, with over a lakh volume with over 50% delivery is a great sign for this scrip too, at last. Watch for volume build up and to cross 274 to enter. And again, be very sure and quick either way, for it can spurt fast. Stop loss is 269, where I had bought it, but 263 is very good too. Dont I know! First target is 284, and on clearing 289, expect 299. Theres lot more when we ever get to it. Very early next week this should be flying around.
They both followed the call perfectly. Godrej began the day slowly and even dipped to 236, and then spurted to 252 to close 249 off, on volumes that could have been better than the 3.5 lakh. Now on the back of the good results all that should be taken care of and I expect this to get on with it. First target is 260-265, but if one holds, even more.
Gammon too began slow and saw a good volume build-up, over 2 lakh, which is good enough as it moves on lower volumes compared to others. Over 81% of this was deliverable! It did intraday 276 to close 272.60. Id be repeating my self if I said the targets are very good.
On some of the more recent calls:
AMITBE said:
Aegis Logistics (AEGISCHEM): Has run up since the middle of March from 55 levels, and then from the third week of June from 74 levels to close 104 on Friday. What is most peculiar about this scrip is that it runs on very low volumes compared to the standards we are used to. Normally liquidity is a prime concern for me, but this one seems an exception as it has set its own standards. Still looks to be a little over bought, so keep watch for a dip to near 94-96 levels and take your chances. At this time 92 will find a good support for it, and looks like a great scrip for 120 target.
SBI Home Finance: Had been trading in the 18-20 band since April last year with flat volumes. On crossing the 19 mark on the last two sessions of the past week with good volumes, has all at once crossed its 20, 50, 200 DMA. Closed 21.55, and looks most interesting given that the other home finance scrips are too doing so well. At crossing 24, expect 30 with a hiccup around 27. The momentum should come past 22, but take a chance now to enter early. 19-20 stop loss, but the need may not arise.
Chambal Fertilisers: Closing 33.95 on Friday, this too has given a signal with great volumes. For a whole year has moved side ways between 30 and 32 off and the volumes have always been great. The levels fill form a very stable support. The much awaited break out seems very likely so keep close watch. May test 37-39 in near term.
AEGISCHEM closed 121 yesterday. (called at 104, up 16.3%) Leave it for now. Will keep track and post.
SBI Home Finance closed 26.70 with intra 27.50. (called at 21.55, up 23.9%) At closing over 27, can go to 30 plus near term.
Chambal closed 35.95 with intra 36.55. (called at 33.95, up 5.9%). Still good for 39-40 in near term, volumes are good.
Hi hmp, so glad you could make some money on IndBulls, friend. I have written above on it for now, but if you dont mind waiting a month or more, the target is way higher.
Hi ravi t, what exactly were you asking about GUFIC BIOSCIENCES?
Hi Narendra, thanks for your trust in sharing your portfolio here, and second thoughts, I ought not to have let you post it here as this is all personal stuff. Even so, Ill have a thorough look tomorrow and post to the best of my ability.
Will look for some more scrips/calls and post on Sunday.
Thanks and bye for now.
