Hi there saint,
Goshby the sounds of it youd imagine some foul play is on with the stars and all!!!
Would the kindly soul who has done the deed please stand up and absolve my noble name from this kind of infamy!? Ok?
Anyhow saint, Ive made so many wishes on so many stars with hardly any luck that Ive long given up on them! Stars or no stars, all this is about our hard earned money so we all get on with it and it seems a lot of fun too, eh?
Hi Joyam on a holiday and had to pull out the cd and update the bhavcopy etc at this internet place. Its done now and here are my thoughts:
Bongaigaon Ref closed 84.25 Friday, a price it has not touched since early March, and since Oct. last year has been rangebound between this level and 100.
Since 7 June where it closed 100 off, there seems to have been a downward breakout and it has been steadily losing ground, forming lower tops and bottoms, and the concern is that the volumes have remained quite large. Looking at the numbers, 90-92 seems to be its comfort zone and closing below 80 may send it to lower levels of 70s of Sept last year. I would personally not look into it till it crosses 94-96 levels clearly with volumes. Entering earlier than that could be quite speculative.
On the other hand I seem to remember the company posting very good profits for the year. I dont suppose the high crude prices could be causing this price movement?
Samtel closed 95.10 Friday and after closing at 120 in mid May it has been in a down trend except a brief pull back rally around mid June for a day where it closed 115.
89-92 levels look to be a support zone, looking at the numbers in the past months, though a bit early to say if it has completed the correctional downtrend for now at current levels. The 92 close of July 5 was the lowest since May 2 and the jump from 92, the close on July 5, to 95 close on Friday surely speaks of the strong support at 92 which is also for now its 200 DMA, while 107 and 102 are the 50 and 20 DMA.
It certainly seems to be an interesting scrip to watch closely and can spurt any time. The volumes have been decent too. This one seems good, Joy, just be cautious.
Hotel Leela after climbing steadily from 150 off levels of mid April to its highest 210 close of mid May seems to have shown a sideways corrective/consolidating movement since mid May. Friday close was 194.60 which hovers around its 50 DMA and also seems to be the comfort zone. It is trading above the 200 and 20 DMA.
All sounds great to me except the volumes need to come in. Movement on low volume tends to be very temporary and gets wiped away quickly at the hands of yo yo day traders.
Hope this helped?
If you are a day trader mainly Joy, you may like to look at Aztec, and Bharti which I had called at 228 levels in a separate thread.
Bharti after the 247 close on July 4 dropped to 240 by the 7th and flared intraday to 260 to close 253.20 on Friday with 38 lakh volume. It can possibly be a good intraday bet for today. On pivots alone the upside levels are 260 then 268 with stoploss 245.
Aztec though did not have a great deal of volume has been trying to come back to its bull run of late after correcting in the short term recently. Its a safe play I feel if you dont mind carrying positions beyond the day if need be. From open 117 to high of 127, it closed 124.50 on Friday with 5.5 lakh volume. On the upside 128 remains the long term resistance beyond which it should shoot. Stoploss is 122.
That's all I could manage for now.
Sorry, shrithakar, but will get back here later and try and help with your scrips.
Be around later.