Some Good Steals...

hi amit

Facor steel closed today @ 7.05
Facor Alloys closed today @ 7.37
Vishal Exports closed today @ 6.95
Hotline glass closed today @ 11.61

Kindly let me have ur views how it is moving, ur earlier analysis was perfect. I have been learning from your analyis on lot of technicalities.

Thanks and regards

Suja

Hi Amit,

I had bought
Cummins @ 153
OBC @ 263.5

What are some of the near term trends of these stocks?

Also, wanted your inputs again on NIRLON. It has opened strongly today? Any positives to be seen?

Thanks in advance,
Prakash

Hi Suja...Both of the Facors appear to be bottoming out, though way below the s/l levels from your entry. Should the market be stable, you may see some semblence of an arrest in their fall. Both should at least keep above 9 to stablise. You've entered high if I remember correctly, but do consider moving to better counters at some point. This sector is not going anywhere in a hurry.
Vishal Exp has been a champion under performer for all the buzz here. The downside may not be a lot from here, but to the up, you may want to consider pulling out at entry and place the money elsewhere.
Hotline Glass has work to do still and will look better above 13. Can't remember where you entered.
Do give the entry for reference each time.
Regards.

Hi Prakash...Cummins is as weak is as anything else for now. It's a great company but has underperformed in the last little while. The results are again good. Having not triggered s/l yet, keep it for now. Strength lies above 142, and weakness below 132. Watch for these levels. It's a safe counter all told and sometime soon the good fundamentals should reflect in the price.
Do give the symbol or full name on OBC. Is it the bank?
With Nirlon, I don't have the cmp, but it's in the midst of a pullback. Should be ok closing above 16-17.
Do give the cmp on all BSE queries...I can't easily access these.
Regards.

Hi Amit,

Thanks a lot for your comments on Cummins.

Yes, OBC refers to the bank
BSE: 500315 NSE: ORIENTBANK
CMP: 242.55

NIRLON
BSE: 500307
CMP: 15.45

What do you have to say about OBC? (in a 2-4 month time frame, is it a good hold?)

Thanks,
Prakash

Amit,

Thanks ...Will wait for your post....

Hi Raju..mostly these are great counters, and will do well for an investor. To trade in these will need a different kind of look-see, so just giving possible entry as of today. The difficulty is, in this market there is no telling how deep things could go. Also, going ahead there will be selective buying and results will be important to study. You could track the dates for results and study them at BSE or NSE.

Here my approach is to give entry at dipping further down from current levels and coming up from important supports, or breaking above important zones. While the strategy is for investing, the stop loss levels are more trading like, for protection against volatility looking at the likely scenerio ahead.

AstraMic has good support at 165. Should it slip to here and bounce up, you could consider taking it then with 165 s/l. Else above 226 with volume would be it with s/l 220.
Aegis Logistics would be good slipping to 155 and coming up, with s/l at 145. To the up, it should break above 185-190 with velocity and s/l here is 177. 165 may also be considered.
Bharat Forge is great, but only over mid to long term. Dropping below to 309 and taking on the up would be entry with 299 s/l. To the up, above 235 to enter with s/l 309 being deep, but wide enough to let it fluctuate.
Champagne Indage would be ok coming up at 230 with 226 s/l. To the up I'd wait for 300 with volume. S/l 280 or tighter at 287.
GE Shipping coming up at 195 with s/l 186. To the up, above 210 with s/l 202.
Gammon is ok now with strict s/l 332.
Gateway Distriparks is good now with s/l 206.
IVRCL coming up at 620, s/l 575. To the up above 700, s/l 675.
IndiaBulls coming up at 165, s/l 157. To the up, above 215, s/l 200.
Nagarjuna Constructions is chancy currently but may be taken with strict s/l at 191.
Opto Circuits coming up at 186, s/l 174. To the up above 210 with s/l 186.
Hindustan Constructions would be good coming up at 800 with 770 s/l. Or above 920 with s/l 880.
Do come back for clarifications, and it's easier to handle about four counters at a time.
Other members could note these too and clarify.
Regards.

Thanks Amit. There are no words to describe the work done by u and other senior members in this forum.

Will keep u abreast abt my positions. Thanks once agin

I second that Raju.

Thanks Raju and Prakash...and hope you guys would come in with your postings soon!
Regards.