Some Good Steals...

AMITBE · Oct 18, 2005

chopra said:

Hi Ashish...Gujrat Ambja is certainly a great buy on strong fundamentals, though the current results would be covering the monsoon months when the sale of cement drops. By the next quarter the current sales would be included in the numbers and there would be certain improvement. On technical trading I would wait for 70, but for investment, buy at any dip.
Ranbaxy I would pass. It's too tied up with international drug control laws etc. and moves on news.
Thanks.

AMITBE · Oct 18, 2005

dheerajmehta said:

Hi Dheeraj...the details:
Mphasis has come out with some pretty decent numbers and will do well going ahead. In my view the reversal in the sell off by Barings has to have a good reason behind it. There were bids from strong players too. On technicals it seems strong at 258-260.
Eastern Silk is a niche player and should do well. Hold it for now and watch for 192 and 198 to cross. Should make gains there. For now it's above several supports, and tends to recover fast. Be careful below 175.
Kopran is the joker in the pack. There is a lot of density above, and I would offload this at any possible rise. Check to see when the result comes out and closer to the date there would be a possible rally. Observe it to see what the market feels and take a decision.
Alok should be fine in due course. It's resting above supports for now but be cautious at 67-68.
Regards.

VICKY_SEEKINGINR · Oct 18, 2005

Hello Amit..

Any comment on Ranbaxy?

can take it for next 2-3 Months Target?

Thnx

usha · Oct 18, 2005

AMITBE said:

Hi amit,
Thanks for the reply. Sold escorts @84

immediately after seeing your reply. god... today it closed around 79 after touching 78 levels. Thanks for the timely advice. I could have done it before when saint warned me that the stocks is weak(it was trading around 89-90 at that time) I could have saved more money. I am really greatful to you for timely advice without which I might have been in some more problems.My broker is still advicing me to hold it.

good wishes,

usha

AMITBE · Oct 18, 2005

usha said:

Hi Usha...I'm feeling badly about your loss, but you acted wisely and got out. It may or may not rise again before the last Thursday, and it would have been taking a chance.
You need to check your broker out. Today again the limit in the open interest on Escorts was reached. He should know this is not a good sign when the underlying security is dropping in value.
Good luck, Usha.

usha · Oct 18, 2005

AMITBE said:

Hi amit,
You mentioned limit in the open interest on Escorts -- everyday I was receiveing news in my terminal that limit in escorts reached 93% early in the morning trade and I asked my broker what is the meaning of it, since my stock is going down everyday whether it is good for the stock or not, he replied that it means you cannot take any fresh position in the stocks. If I were aware of the implications I could have got out as early as 93 itself.

But can you please elaborate on the limit in the open interest and how it affects the stock?

Thanks,
usha

dheerajmehta · Oct 18, 2005

Hi Amit sir,
Thanks for the advise, will watch the stocks closely, jus hoping for the free fall of the index to abate soon

Regards,

Dheeraj M

atulgupta · Oct 18, 2005

Hi Amitbe,
I am very new and keeping watch on your posts.
I bought some of the stock and want your feedback and suggestions

1) Gujarat Amujga Cement @ 66
2) NDTV @ 190
3) Hexaware @ 110

Also I am a long term investor.

Thanks
Atul

AMITBE · Oct 19, 2005

atulgupta said:

Hi Atul...it's very tricky to make any kind of readings at this point.
However, I'm still going with it looking at your time horizon.
GujAmb is fundamentally strong, and on the charts is in the midst of several supports currently. While it seems there is no much downside here, it can slip along with the market. It should keep above 60 to be in safety. Even if it does slip, it'll come right back on any good day.
NDTV is not looking too good. It has to be above 192 and consolidate there for any upside. To the down, be cautious at 170 as here it would be quite vulnerable.
Hexaware is in a sideways correction with weak area being below 95. There is density in the 112-122 zone and above this will gather pace. This is one of the good counters in its segment and should do fine.
For now NDTV looks like the only one for which you may like to seek an exit point.
Regards.

atulgupta · Oct 19, 2005

AMITBE said:

Hi Atul...it's very tricky to make any kind of readings at this point.
However, I'm still going with it looking at your time horizon.
GujAmb is fundamentally strong, and on the charts is in the midst of several supports currently. While it seems there is no much downside here, it can slip along with the market. It should keep above 60 to be in safety. Even if it does slip, it'll come right back on any good day.
NDTV is not looking too good. It has to be above 192 and consolidate there for any upside. To the down, be cautious at 170 as here it would be quite vulnerable.
Hexaware is in a sideways correction with weak area being below 95. There is density in the 112-122 zone and above this will gather pace. This is one of the good counters in its segment and should do fine.
For now NDTV looks like the only one for which you may like to seek an exit point.
Regards.

Hi Amit,
Thanks a lot.
I will update you on my decision on NDTV

but from long term point of view..does it deserve a hold. I am setting a stop loss of 170.

Thanks
Atul

Some Good Steals...

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