Some Good Steals...

[garun1979]

Re: ABAN LOYD

hi Amit,

hope you are doin good ..but for the markets..i have recently taken exposure in ABAN LOYD (cmp 535)...

Can I have your views on this scrip for short term as well as long term

Bye
Gaurav

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.

 

[AMITBE]

Re: ABAN LOYD

hi Amit,

hope you are doin good ..but for the markets..i have recently taken exposure in ABAN LOYD (cmp 535)...

Can I have your views on this scrip for short term as well as long term

Bye
Gaurav

Hi Gaurav...you didn't mention where you came in.
It has traded tightly within 530-535 most of the day yet.
Supports are in the 510-530 range broadly. Be cautious at 500. 575 is the resistance area and a close above this should set it up nicely.
However do check the results too. A lot of selective buying will happen based on the numbers for now. The long term out look appears robust from the charts.
Thanks.

 

[dinkerj]

Hi Amit
Why Bombay Dying is falling like this?

 

[raju_shastry]

Hi Amit
Why Bombay Dying is falling like this?

Dinker,

This is beacuse of recent HC order on Bombay Mills.

Now mill owners can sell only 1/3rd of their land

 

[AnandJ]

Hi Amit

How are you? I need help of seniors like you, Saint, Ravi T and others to check if my current position (i.e Hold for the next few months atleast) is fine. Pl. advise.

I have exposures in the following stocks (most of them Index stocks) and getting hammered heavily in every session . Please suggest if it is worth to hold to my position or cut losses.

1. Bharati Teleservices - Ent @ 337.00, CMP 312.45
2. FDC - Ent @ 52.00, CMP 46.10
3. Hindalco - Ent @ 147.80, CMP 126.90
4. Tate tele (Mah) - Ent @ 29.50, CMP 28.40
5. ITC - Ent @ 133.00, CMP 120.35
6. Sterlite Optics - Ent @ 111.00, CMP 90.00
7. Tata Motors - Ent @ 555.00, CMP 506.00
8. Tisco - Ent @ 406.50, CMP 362.60

I am at a loss in every sense and at cross roads whether to hold for this correction ??? to getover or cut my losses. Would be grateful if you could guide me.

Thank You.......Anand

 

[xtiger]

Hi Amit

How are you? I need help of seniors like you, Saint, Ravi T and others to check if my current position (i.e Hold for the next few months atleast) is fine. Pl. advise.

I have exposures in the following stocks (most of them Index stocks) and getting hammered heavily in every session . Please suggest if it is worth to hold to my position or cut losses.

1. Bharati Teleservices - Ent @ 337.00, CMP 312.45
2. FDC - Ent @ 52.00, CMP 46.10
3. Hindalco - Ent @ 147.80, CMP 126.90
4. Tate tele (Mah) - Ent @ 29.50, CMP 28.40
5. ITC - Ent @ 133.00, CMP 120.35
6. Sterlite Optics - Ent @ 111.00, CMP 90.00
7. Tata Motors - Ent @ 555.00, CMP 506.00
8. Tisco - Ent @ 406.50, CMP 362.60

I am at a loss in every sense and at cross roads whether to hold for this correction ??? to getover or cut my losses. Would be grateful if you could guide me.

Thank You.......Anand

1. Bharati Teleservices
3. Hindalco
5. ITC
7. Tata Motors
8. Tisco

Fundamentally above stocks are good for long term (say 1 year time frame). Suggest once sensex bounce back you see the performance of above stocks and add it. Experts will give technical view for short term.

 

[Saint]

Hello Amit..

Any comment on Ranbaxy?

can take it for next 2-3 Months Target?

Thnx

Hi Vicky,

Forgive me if I am sounding like a broken taperecorder,but.........please
stay away from this one.That monthly chart breakdown is not going to see the highs for some time to come.Even if you are planning very short term trades,still there are others relatively more bullish........not Ranbaxy,please stay away.The trend in every tmeframe is down,down,down.........this is going to fall more and take time before we start seeing former highs again.

Careful,my friend........

All the best!
Saint

 

[Saint]

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

Hi Usha,

ESCORTS now at 75 and possibly sinking further........aren't you glad you are out?

Saint

 

[Saint]

Hi Amit
Why Bombay Dying is falling like this?

Hi Dinker,

Stay clear of Bombay Dyeing......it's correcting on the monthly charts,and that can get painful.Breakdown below 299 on the monthly charts has led to the break of the monthly pivot.Closing this month below 299 is worse.

Stay clear of possible longs on Bombay Dyeing until it stabilises.

All the best!
Saint

 

[usha]

Hi Usha,

ESCORTS now at 75 and possibly sinking further........aren't you glad you are out?

Saint

Yes saint,

you said it. I was wondering whether I was right in my thinking. Just a days before praying for it to raise even in pai but now feeling glad, satisfied when it was going down. I thought I shouldn't think like that.
bye,
usha