Some Good Steals...

[smartie]

Any Comments on polaris? Will it break 125 in recent future?

 

[AMITBE]

Any Comments on polaris? Will it break 125 in recent future?

Hi smartie...yes it could if it can get above 116-118 and sustain it for a few sessions.
Regards.

 

[smartie]

Thanks AMIT. Any comments on Bank of India. I had bought it for 127 before the correction and still holding it. recently after seeing 100 it seems to have recovered and had crossed 120. I would like to know whether this scrip has potential to reach 145 for a mid term position. Say by jan 06?

 

[kkrish68]

Hey Amit,

Hope you are riding the wave and doing good.

I am holding Gujarat Amb (entry at 70.55). Do the charts show the potential of going any higher (for now)? I am thinking of booking profits on 50% of the holdings and buying on dips.

Your advise will be very useful.

Warm regards
Kishore

 

[mail2joshi]

Hi Amit,
Please advise me on the entry and stop loss (with target for short term 2-3 month )
on the following bank stock.

Bank of India CMP 115
Canara bank CMP 214
Union Bank CMP 117.35

Also
IDFC CMP 71.8

I lost some amount in Allahabad bank (my entry was 92 and exit was 82). Also possible entry in Allahabad bank so that I can get my amout back ( a kind of revenge)

Regards
sjoshi

 

[AMITBE]

Hey Amit,

Hope you are riding the wave and doing good.

I am holding Gujarat Amb (entry at 70.55). Do the charts show the potential of going any higher (for now)? I am thinking of booking profits on 50% of the holdings and buying on dips.

Your advise will be very useful.

Warm regards
Kishore

Hi Kishore...been a while since saw you last...wassup?
Good going on GujAmbuja for now. It's in a strong position with good support at 73-75-77. Closing above 79 will move to 84-85 zone. As the trend is good you may want to hold and wait the balance as the entry is fairly good.
Another month or so you'd be looking at the third quarter results coming on where the rise in demand post monsoons and the expected rise in price of cement would be factored in. It's a great risk free stock to hold.
See you again.

 

[caprice]

Hi Amit

I have to ask the same query again.. What do you think of Gateway Distributies CMP 270 something at this point..
Also I have certain amount of shares in Reliance Industries.. Which my father had kept almost for 10 years now.. do you have any idea.. when is the demerger and when is the bonus shares going to be allotted.

And is reliance on hold for time being..

Thanks and appreciate your Advice
Nishant

 

[adilsaleem]

Amit i would like to know about hpcl. I have bought at 330.5 , can you recomend a good stoploss. currently @ 330

 

[AMITBE]

Hi Amit,
Please advise me on the entry and stop loss (with target for short term 2-3 month )
on the following bank stock.

Bank of India CMP 115
Canara bank CMP 214
Union Bank CMP 117.35

Also
IDFC CMP 71.8

I lost some amount in Allahabad bank (my entry was 92 and exit was 82). Also possible entry in Allahabad bank so that I can get my amout back ( a kind of revenge)

Regards
sjoshi

Hi Joshi,
Bank Of India has support at 101-103 and 110-113. It could be taken at price weakness and subsequent support at these levels. To the up 124 closing would give strength with stop loss at 117.
Canara Bank will look better above 223 close with increased volume. 232-235 would be the expected resistance above which can test 242.
Union Bank must first close above 120 with much better volume and sustain there for a few sessions to warrent any thought of entry. Again there is increased supply overhead.
As of this day there is no clear trend in any of the above in the short term.
IDFC is a great buy for the mid to long term and can be accumulated at every fall.
Regards.

 

[AMITBE]

Hi Amit

I have to ask the same query again.. What do you think of Gateway Distributies CMP 270 something at this point..
Also I have certain amount of shares in Reliance Industries.. Which my father had kept almost for 10 years now.. do you have any idea.. when is the demerger and when is the bonus shares going to be allotted.

And is reliance on hold for time being..

Thanks and appreciate your Advice
Nishant

Hi Nishant, 260-263-266, these are the strong supports for Gateway at this time. Closing above 278 will be an early indication of the resumption of the uptrend which would be confirmed at 282. The immediate target from there would be 298. You may exit there if 303-308 prove difficult. I understand your concern as your entry is high. However there is still room left here but be patient and look at it as a hold in the near term...perhaps a few weeks. Buying is going to emerge at every dip till this short term correction is over.
Reliance is the kind of stock one should hold and accumulate at every dip. You could check with your broker for the demerger details, or at the website.
Regards.