Some Good Steals...

Weekly chart wise,would be sweeter if it can take out the 279 area tomorrow and end the week strong.Looks good.......... .Keeping an eye on Mphasis BFL,but not entering as yet,will wait and see how it pans out.

All the very best!!
Happy Trading!
Saint

hi
I would like to appreciate the efforts taken on our part to provide such insights to the other members of the forums and all the analysis shown by you. I would like to know whether i should buy penny stock : ARVIND REMEDIES at Rs.2.65 and whether their are chances to appreciate as they are news driven counters.

Hi all,
First to mention a couple of points.
I had written this on June 30:

The news report late yesterday evening involving the Birla family settlement which has finally happened, explains the movement in CenTextiles. With the Kumar Mangalam group taking on the major stakes in CenTextiles, the company clearly enters a new phase in growth.
My references to Titan and Bombay Dyeing are essentially with regards to the fact that, Titan is a retail and jewellery/diamond story, and Bombay Dyeing is a retail/real-estate story.
CenTextile has enough of both retail (they market cotton ready-mades besides fabric), and real-estate. Besides this, it also has interest in cement and paper. In addition to this, with the depressed raw cotton prices prevailing currently which will raise its top and bottom lines, it stands to reason that by the next quarter CenTextiles is looking at greater heights.
I do hope a few members made it when it indeed was a great steal when first called at 256.

India Bulls: The sharp dip came on account of its GDR listing at about 235 in rupee terms. Yesterday's closing at 233 theoretically triggers the technical stop-loss of 235. I personally do not go by this. It is just a temporary adjustment as the bullish trend is well intact. From here it may consolidate a while, but should go back to testing 265 levels in due course. Those holding my do so for the target of 300 in near term.

To some queries:
Hi sahil, Petro.LNG is a known slow mover. It has taken it over 8 months to move up from 38-40 levels. The recent price movement was on account of news first, and then good results. Its a major LNG carrier with ONGC and Gail as promoters, and the valuations should get better moving ahead. There are duty waivers for 10 years for the import of LNG for the Dabhol project, and Petronet may benefit from it.
I have not tracked Ultra Cement, but it is one the major players in the group and there should be no problems. Its perhaps to do with the adjustments from L&T.
All sugar stocks are rocking currently, and it depends on your holding period. They will all correct in course of time. Going by the performance, Balrampur seems the best bet currently. If you have made a good profit on Upper Ganga, you may want to shift some of your holdings to Balrampur at dips.

Hi Narendra, I have not been able to look at Reliance stock equations, but better than me, you may want to contact your broker for those details. Its all easy enough to calculate.

Hi faifar22, I don’t usually recommend penny stocks I’m afraid. Without strong fundaments, they dip faster when corrections come. I’m not aware of the fundaments of Arvind Rem. From technical, should it break 2.50 on the down, then will go to 2.30-2.35 levels. You may want to look elsewhere. Have a look at scrips suggested by Traderji in his thread on penny stocks.

To conclude, be very careful all. The markets are running away headlessly. They all say corrections don’t happen over night, and that indications come first. I feel the correction can come suddenly this time. If and when the NIFTY hits 2405 or near abouts, please go cash at once.
So much for now.
Thanks.

Here goes Gammon......nice one Amit!!

Yea...once they are done profit taking from yesterday's levels the next spurt would come past 285. I'm holding a couple sessions for sure.
Mphasis too has been resting 277 and looks good.
Have you seen GujratNRE? If it manages to close above 130, it will go fast.

You are simply great Amit.
I have picked Balchini @ 77.50 and Gammon @ 264.00 on your advise.

Thanks.

Yep Amit.....in Guj NRE from 120,looking good today!!

Hey ya saint and viveanan,
Gammond at 288.75, if it keeps moving, next stop 295.

Has hit 294.90 and fallen back, has strong resistance here. Not a bad rally, eh?
For the record, past 295, will meet resistance at 299, and then at 305.
If it ever manages to clear that, will really travel.

what are the prospects of sunbeam infotech??


ameet