Some Good Steals...

ssnkumar · #**101** 26th July 2005, 10:18 AM

Quote:

Originally Posted by AMITBE

Yesterday I had written: ‘NTPC broke the 92.50 jinx to close 92.70 for the first time. There is no real reason for it to look back, and even it loses some ground, will come back. For safe players (like me), this is a good scrip for 96 plus soon. But then, when it closes above 96, I feel the pace up will improve.’ So the call comes true, and going by yesterday’s out of character behavior of not quickly slipping after touching highs, there is reason to believe it will reach higher today. A 100 plus level cannot be ruled out. This is the kind of stock like a slow train: get off, go for a walk in the woods, and when you return it’ll still be around within sprinting distance to get on again.
IDBI just needs to close above 115 to go forward to 125, and I expect some action today after it has consolidated at current levels long enough. It has had higher closes recently, but has gone and stuck itself at sub 113 levels again.

Hi Amitbe,

So, is NTPC and IDBI good for long term investment.
Can I get in now?

Thanks,
Narendra

roneeth · #**102** 26th July 2005, 10:39 AM

Hello Amitbe!

Thanks for your prompt response regarding Syndicate Bank.Actually i am holding it.
Its a great thread.....truely appreciate all the efforts you take .

Regards

Roneeth

AMITBE · #**103** 26th July 2005, 10:43 AM

They are both slow and steady investments, and safe too.
IDBI has been running up since recent times, so in the immediate future the upside may be not a lot, but good still. NTPC, though running up too, is certainly a buy, and the current prices on both are good.
I am invested, so the choice is yours.
Thanks.

sam · #**104** 26th July 2005, 11:17 AM

Thanks Amit for your reply on ONGC, Very unfortunate I missed to read that reply yesterday....(I read all the messages except that - dont know how I missed it!).

Thanks for your sincere efforts to help people like me!!

-Sam.

AMITBE · #**105** 26th July 2005, 09:16 PM

Hi all…
First thing first, I must apologise for the update on Bank Of India, in saying the rally may be over.
After yesterday’s strong close at 124 despite ok results, it was one of the toppers in the banking sector, closing 134, intra 136.
After a weak opening of 116, which seemed to be confirming the end of the rally, it stayed steady at 122 till past noon, as if awaiting a signal. As the RBI policy announcements came, so did the charge to 136.
I should have deduced from yesterday’s close itself that there was news expected. I have a strong feeling too, that there are FII and Mutual Fund buying going on in this counter. Well, every day is a new lesson.
Godrej continues to confuse, volatile as it is. At one point it sank to 236, but recovered to close 244.90. Not bad. This is another turn around story, and if there are no fire-works here nor FII inflows, it may well seek higher levels tomorrow. I see this scrip doing well over the next little while.
Gammon also displayed for the first time in quite a while, an out of character move. It traded in a set band today, neither spurting nor slipping, with good volumes. I’m glad for this.
Allahabad Bank came within a whisker of 100. High was 99.35, and closed at 97.85. It is a difficult call, if one should stay or bail out. It may well tire itself out trying to cross 100, and fall back again. The surge that took place in most banking counters did not materialise here, is the reason for my comment. I’ll watch just a bit longer.
During trading, I was very tempted to give a call on IndBulls for intraday today for its consolidation at 225 levels for most of the day. Sure enough the charge came late in the day and it closed 235, intra 239. There is something brewing here. Perhaps as most financial companies are doing well this is too going somewhere. FII/Funds investing is certain. I had earlier mentioned a second quarter target of 300, which it may far exceed.
NTPC, if anyone got off the slow train, you can safely get back on tomorrow, I feel. It should chug along on its way again.
Bharti never really gave a chance for anyone to get on intraday I suppose, and it peaked at 279. I had suggested 280.
Dabur as I had written will test 160 plus.
Noida Toll was suggested 24.95. Closed 27.40 today.
IOB was called at 84, now at 89.65.
Aegis Logistics called at 104, is consistently making progress and now at 133.
For now I am eyeing Aksh Opti Fibre. Closed today at 62.55, a very important level. At passing 64, it could do 68-69 levels. This is also one of the low volume stocks. Be careful with it.
Ashok Leyland is going to be a sure winner now. At 27.80, and try to enter at a little decline if possible. Short term target is 35.
Hey Sam, I hope ONGC is still with you? It again gained today, and looks good for 990 for sure, perhaps more. Hang in there for now.
So much for now.
Thanks.

sam · #**106** 26th July 2005, 09:53 PM

Yes Amit,

I still hold ONGC!! Thanks again buddy for the concerns u take in replying!

-Sam.

phoenix · #**107** 27th July 2005, 09:56 AM

Quote:

Originally Posted by AMITBE

Hi all…
First thing first, I must apologise for the update on Bank Of India, in saying the rally may be over.
After yesterday’s strong close at 124 despite ok results, it was one of the toppers in the banking sector, closing 134, intra 136.
After a weak opening of 116, which seemed to be confirming the end of the rally, it stayed steady at 122 till past noon, as if awaiting a signal. As the RBI policy announcements came, so did the charge to 136.
I should have deduced from yesterday’s close itself that there was news expected. I have a strong feeling too, that there are FII and Mutual Fund buying going on in this counter. Well, every day is a new lesson.
Godrej continues to confuse, volatile as it is. At one point it sank to 236, but recovered to close 244.90. Not bad. This is another turn around story, and if there are no fire-works here nor FII inflows, it may well seek higher levels tomorrow. I see this scrip doing well over the next little while.
Gammon also displayed for the first time in quite a while, an out of character move. It traded in a set band today, neither spurting nor slipping, with good volumes. I’m glad for this.
Allahabad Bank came within a whisker of 100. High was 99.35, and closed at 97.85. It is a difficult call, if one should stay or bail out. It may well tire itself out trying to cross 100, and fall back again. The surge that took place in most banking counters did not materialise here, is the reason for my comment. I’ll watch just a bit longer.
During trading, I was very tempted to give a call on IndBulls for intraday today for its consolidation at 225 levels for most of the day. Sure enough the charge came late in the day and it closed 235, intra 239. There is something brewing here. Perhaps as most financial companies are doing well this is too going somewhere. FII/Funds investing is certain. I had earlier mentioned a second quarter target of 300, which it may far exceed.
NTPC, if anyone got off the slow train, you can safely get back on tomorrow, I feel. It should chug along on its way again.
Bharti never really gave a chance for anyone to get on intraday I suppose, and it peaked at 279. I had suggested 280.
Dabur as I had written will test 160 plus.
Noida Toll was suggested 24.95. Closed 27.40 today.
IOB was called at 84, now at 89.65.
Aegis Logistics called at 104, is consistently making progress and now at 133.
For now I am eyeing Aksh Opti Fibre. Closed today at 62.55, a very important level. At passing 64, it could do 68-69 levels. This is also one of the low volume stocks. Be careful with it.
Ashok Leyland is going to be a sure winner now. At 27.80, and try to enter at a little decline if possible. Short term target is 35.
Hey Sam, I hope ONGC is still with you? It again gained today, and looks good for 990 for sure, perhaps more. Hang in there for now.
So much for now.
Thanks.

Hi Amitbe,
Great call on the IOB.......about to break to new highs,would be more bullish if we could close strong on Friday.So far so good!!Great going,friend.....keep em coming!!

Phoenix

Chandni · #**108** 27th July 2005, 11:19 AM

HI Amitbe,

Just bought AegisLogistic today @ 140. It has had a phenomenal rally. Is there some steam left?

Chandni

AMITBE · #**109** 27th July 2005, 11:22 AM

For seniors, a few likely candidates for intraday from here:
Arvind Mills: CMP 232 off. Try to take at 231 on the up. May test 134-135.
IndBulls: CMP 232-233. Try to pick at 230 on the up. May test 237 plus.
Godrej: CMP 245-246. Try to pick at 243 on the up. May test 250-252.
Subject to indexes showing strength.
Please take care.

Saint · #**110** 27th July 2005, 11:29 AM

Quote:

Originally Posted by AMITBE

For seniors, a few likely candidates for intraday from here:
Arvind Mills: CMP 232 off. Try to take at 231 on the up. May test 134-135.
IndBulls: CMP 232-233. Try to pick at 230 on the up. May test 237 plus.
Godrej: CMP 245-246. Try to pick at 243 on the up. May test 250-252.
Subject to indexes showing strength.
Please take care.

Hi Amit,
Great call on GODREJ INDS....looks good!!

Thanx for the call!

Happy Trading!!
Saint

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