Some Good Steals...

[naga2054]

Hi NAgzu...no, don't raise holding in any looking at the market, though all look set to go further. Should Aptecht hold around these levels, market being good of course, we'll look to 112-115 in the near term. We''ll watch Mcleod, and looks great to me. IndCem has ways to go yet if you're not in a hurry.
Regards.

Ur valuable suggestions are always welcome..

nagzu

 

[AMITBE]

Hi AmitBE, As suggested by you, I had not entered KEI Industries at 219 levels and am tracking it since then. Today it saw a big pullback, for what reason I do not know, and has come to 200 levels.
Do you now suggest an entry into this stock.
Also, Equitymaster has temporarily disabled its services to look at the volumes and graph. Can you please suggest any other good site that allows to view this info. Regards

Hi tradebull...I'd keep away from KEI for now. The last three sessions it's been opening on a high gap compared to the previous close, and heading south each session. May breach some key supports too. Check to see if it drops below 197 coming sessions to get some indication. Do update please.
You could go to BSE site and make use of charting there.
Thanks.

 

[faifar22]

hi Amitbe
thnx for the effort on your part to answer all junior members queries.
i would like to know if it is advisable to enter SCENDANT TECHNOLOGIES after it has fallen by Rs.90 in last two days.in fact it was a STOCK CALL OF THE DAY at CNBC and all have recommending it in fact I was going to buy 150 shares at 325 trg450 but my net was down now can i enter at this level 245 or wait for more corrections

 

[AMITBE]

amit your call on rolta was perfect and exact. i ve booked profit at 170. Should I buy it back today. Today some block deals were done at 172 levels. Now quoting 168. I would appreciate your views on south indian bank AND FACT THANKS

Hi rheinu...SouthBank..I would watch for a possible dip from the current 74.80. To the up it has to wade past a few levels still. Should it close around 85 with volume, we could assess it then. Do update.
FACT...is also not a buy at this time. A short while ago made a double top at 35 and slipped to 30. At 34 off now, needs to clear 35, then at a close around 40 with volume may be considered an entry. Do track it...and update.
Thanks.

 

[AMITBE]

2 other shares of which i like to know ur comments:
Teledata:- Target 38-40.
TVS Suzuki:- Target 95.
Any advice.
Thanks alot. Regards,

Hi Chopra...earlier this evening I'd responded to a query on Teledata. I've seen a lot of discussion on this in the forum amongst irate investors. It's bereft of any trend yet. The fall from 58 in April, to 24 in June appears to have been arrested. 40 would be still a wait...how long is difficult to say. With so much expectation from it, there may well be a surprise upside at some point. There are several difficult levels to cross on the up, looking at the data, but some trigger...some news perhaps, could take care of all that in one go.
TVS...your target of 95 is also a zone of conflict of long standing...since last year. The consolation is, at 86 today, is trading above the 76 to 80 mark, its 20, 50 and 200 DMA, signifying a possible trend, even if feeble. 90-95 would be dense.
Regards.

 

[AMITBE]

hi Amitbe
thnx for the effort on your part to answer all junior members queries.
i would like to know if it is advisable to enter SCENDANT TECHNOLOGIES after it has fallen by Rs.90 in last two days.in fact it was a STOCK CALL OF THE DAY at CNBC and all have recommending it in fact I was going to buy 150 shares at 325 trg450 but my net was down now can i enter at this level 245 or wait for more corrections

Hi faifar22...it's terrible tanking on huge volume...don't get in, is what I say. Perhaps there is news again? A few days ago it was in the news of merger with Cambridge Solutions where the sharp rally came. Keep watch and see where it's going for now to be safe.
Regards.

 

[AMITBE]

Hi Amit,
Nice move in Aptech......and headed higher!!Great call Saint

Yeah saint..nice breakout, but the volume could have been way better to go by its standard. Watching close, and if the confirmation comes, looking at 115-120 near term.

 

[AMITBE]

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

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...

Hi SSM...from 1144 close yesterday to 1324 high and 1283 close today with increased volume. Will certainly see profit booking as it has been coming up from 900 a few days ago. Seems to be heading for the suggested target...earlier than expected?
Cheers.

 

[Malabari]

Hi SSM...from 1144 close yesterday to 1324 high and 1283 close today with increased volume. Will certainly see profit booking as it has been coming up from 900 a few days ago. Seems to be heading for the suggested target...earlier than expected?
Cheers.

Undoubtedly.... Amitbe deserve all kinds of appreciation in financetech call. Excellent call with high precision!... Great job done Amitbe....

 

[SSM]

Hi Amit
Thanx indeed. Yes I have done a little bit of homework myself on that scrip. People like T Towe and Goldman Sachs do come in with a long term horizon
Being a nascent industry though I was wondering how to value these stocks. Is there any parallel in any other emerging economy. Pls let us share if there is. The daily turnover at MCX has shot up to 2500 Crs per day growing at 25% qoq. However there is always competition from other players such as NCDX and NCMX and may be more to come, I have tried to find the regulatory requirements of FMC for setting up such a comm xchange but to no avail. Seniors and others please contribute
Regards