Some Good Steals...

[faifar22]

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.

HI
THNX A LOT.
I feel it is better to stay with cash then invest in the market at the level of 8100. What do u think. after the bonus is it advisable to purchase "TATA INVESTMENT" AT 310 level since it has p/e around 4.5(according WWW.CAPITALMARKET.COM
at these level if make any purchase then always remember the golden words:
LOSS OF PROFIT IS ALWAY AND WILL BE BETTER THAN LOSS OF CAPITAL

 

[AMITBE]

Hello Amit I Am Having Some Geshipping At 190 Please. Its Good To Hold? I Heard They Are Going For Formal Split? What Is Formal Spilt.Plz Guide Me On This. Thanks

Hi Vicky...Great Eastern Shipping is one of the largest private shipping corporation and is in the process of being demerged. GE Shipping will be split into shipping and offshore divisions and managed by different branches of the same family. It's a form of restructuring where the entire offshore business consisting of drilling services, marine logistics, marine construction and port/terminal services will be managed by a separate firm. The company says the demerger will create two focussed companies, one in shipping and the other in oilfield services, thereby helping to unlock value for shareholders.
The finer details of the split will be worked out over the next few weeks and the share ratio will be announced to the public then. Share holders of the main company will be entitled to a certain number of shares of the new entity.
You'll get to know the details when the announcement comes. It's a hold till then.
Regards.

 

[caprice]

Hello Amit

Please advise me on this. I have bought VisualSoft 100 shares @ 211 and Nagarjuna Constructions 100 shares @ 225.75. What are the prospects in short term and long term.

Thanks

Nishant

 

[VICKY_SEEKINGINR]

Hi Vicky...Great Eastern Shipping is one of the largest private shipping corporation and is in the process of being demerged. GE Shipping will be split into shipping and offshore divisions and managed by different branches of the same family. It's a form of restructuring where the entire offshore business consisting of drilling services, marine logistics, marine construction and port/terminal services will be managed by a separate firm. The company says the demerger will create two focussed companies, one in shipping and the other in oilfield services, thereby helping to unlock value for shareholders.
The finer details of the split will be worked out over the next few weeks and the share ratio will be announced to the public then. Share holders of the main company will be entitled to a certain number of shares of the new entity.
You'll get to know the details when the announcement comes. It's a hold till then.
Regards.

Hello Dear Amit

Thanks for your Valueable reply, so it will spilt like other shares? like Wipro and kotak bank. okay i will hold it till furter announcements.

and now one more question about ucall now its volume is increasing
than previous vol.. and according 50*200 days moving avg. its looking
safe for next 1-2 months.. if i am wrong please correct me, because i am
not a expert. i am just giving my personal view.

please comment on ucall. Thanks a lot for sharing your Experience.

 

[AMITBE]

...and now one more question about ucall now its volume is increasing than previous vol.. and according 50*200 days moving avg. its looking safe for next 1-2 months.. if i am wrong please correct me, because i am not a expert. i am just giving my personal view..
please comment on ucall. Thanks a lot for sharing your Experience.

Hi Vicky...Great job done tracking UCAL Fuel Systems. Ater your query, and also Karthik's it's been on my list. It's pretty much in the buy mode from weekly charts, closing 270.75. On the daily readings 276-278 still remain, but should the momentum continue, that may not be an issue. However in June there was a double top at these levels from where it dropped to 229 mid last month. On both occasions 285-287 were intraday highs. These levels could possibly be sticky again. In the near term 325 first is likely.
However, a buy is on as of now on techs, though cautiously, looking at the market. Other members may also make a note.
Regards.

 

[AMITBE]

Hello Amit Please advise me on this. I have bought VisualSoft 100 shares @ 211 and Nagarjuna Constructions 100 shares @ 225.75. What are the prospects in short term and long term. Thanks Nishant

Hi caprice...you've bought in VisualSoft late and high. It's been news driven on account of acquisitions and is more a momentum play for now, where other IT midcaps are mostly struggling except for a select few. Go with the momentum if it continues, and to conserve your capital, keep a tight s/l at 197. If you wish to go deeper with the s/l, 192 is final. Should the market dip sharply in the next few sessions, exit at once to come in lower when the momentum returns.
NagarjunaConst. is the kind of scrip you may wish to hold for the long term. Over the next few quarters, this should go places. Before the recent split, it traded at over 1000. For now it's at a key support where you came in. It's a short term weakness, coming down from 240 levels. I don't see any reson to panic should it slip some more, as fundamentally it's one of the leaders in the civil construction sector.
Regards.

 

[AMITBE]

1. Gufic was in upper circuit yesterday. Today it has fallen to 29.25 with huge volumes nearly 13 lakhs. Book Closure for 22% dividend starts from 24 th sept AGM on 30. What the charts indicate. I am holding at entered at 31.00. Ajanta Soya came down as well despite the sensex at 8050. Please update Ashwani

Hi Ashwani...GuficBio has been rather off again on again lately. It does however seem to attract a lot of buying as I track it. Hold and see what it does for now as it's worth a watch, but if there is any weakness from current levels, come out at 28.80.
Since the market breadth has been poor as are the A/d ratios in the current rally, a lot of trending stocks have dipped at profit booking where the money is going to index and select stocks. 8050 of the Sensex seems so menacingly perishable for that reason.
Ajanta Soya is in a nice uptrend so hold it where ever you entered, but should the market recede sharply, come out at 13.50. This is a tight s/l, but a prudent one. You can get in again lower.
Regards.

 

[caprice]

Hello Amit

Thanks for the gift of confidence. This moment I was giving up hope. Thank you very much.

Please can you suggest me some more shares that I could do Intraday trading or Hold for a fortnight for good profits.

I have lot of time to research. What do you suggest for me to start. So that I can enhance my knowledge of Share Trading.

Thanking you

Nishant

 

[VICKY_SEEKINGINR]

Thanks Amit

I will watch it..

Thanks

 

[tradebull]

Hi AmitBE,

Have been tracking these few stocks since last couple of weeks. Please let me know what do you think of these:

1) Rico Auto: Has seen a pullback since the last week and has stayed at the same levels. With MUL doing well, is it wise to invest into this for short to medium term.

2) Andhra Bank: This stock has gained 7 to 8% since the last week and also the volumes seem to be decent enough. Is this a fundamentally strong stock to invest at this stage or some other bank should be fine.

3) Ashok Leyland: This stock seems to be undervalued. The company has seen increase in their sales since last quarter. So do you see this as a right time to enter into this stock for short to medium term at 29. The volumes also seem to be pretty high around 4.5 million.

4) Rama News Print: This again seems to be an undervalued stock. But doesn't seem to have made any movement since last 3 weeks. Any suggestions on this. Again the volume seems to be decent around 2.3 million.

Regards