Some Good Steals...

Hi Amitbe,
Would like to thank you for your regular calls......keep up the great work.AZTEC made a neat move yesterday,and looks higher.But 2 of your calls that looks especially juicy are GUJ NRE COKE--consolidating in a narrow range since 24th of June and threatening to break to the upside soon---and SONATA SOFTWARE---looking to enter into new multiyear highs last seen in 2001.

Great Calls,Amitbe......keep it up.The effort you put in is most appreciated.

Thank You.

Sincerely,
Saint

Hi saint…
Thanks for the appreciation. I’ve made good use of a few calls at this great forum and it feels good to be able to do something in return. And I am very flattered that someone voted my thread five stars!!!!
Yes, GujratNRECoke is a good one. I was lucky enough to pick this at 103 levels a little after the stock split. Any time now it should flare up following the voluminous consolidation it is under. Then the velocity should take it past the 129 mark where it has been a few times and reacted. My target is 145.
Talking of juicy calls, my favoured ones still are Cummins and Gammon. See if you can get some. They are great scrips and seem to be straining at the leash. Great upside on both.
Aztec touched its resistance zone of 127 yesterday to close 124 off. At closing around 129, we can expect 140 plus.
Don’t ignore Kale at close above 97. This has been an under performer and will try to join the rally. Difficult to set target beyond 105. Can go places.
The other day Sonata made a freak trade at 33 at the opening itself and thereafter never recovered. Some eager traders jump the gun at the opening and spoil the party for the day. In early April when Sonata broke free of 24, its resistance then, it stuck at 30.55 levels. Now it seems 32-33 is a bit of a hurdle. The volumes are good and the break out needn’t be too long coming. The company is in good health too. The valuations need to be unlocked, as they say!
Godrej seems to be struggling a bit these few days. On Friday it surged to 236.40 from 230 opening, but didn’t get supported by volume buying and slipped at vicious selling to 225 and closed near its comfort zone of 228. In coming days I have some great expectations from this scrip, and am already invested.
IDBI made a strong close above 110, intraday high 112. At clearing cleanly 113 expect 120 plus.
IndiaBulls seems to make a new bench mark for itself every day. Friday high was 189.40 and closed 179.60. It may correct intraday a little, but will typically try to find that 189 mark again. This has been its trait in the last few sessions. I’m invested for 200, and may possibly revise the target later to a higher level.
Another scrip that I feel as having bottomed out is Shyam Tele. If you drew a line along its Friday close of 83-84 levels to early March, this seems to form a very critical support level. From here it has risen to 95-100 levels a few times. I’m going to take my chances with it anytime next week when I see volumes coming in. I’ll expect 100 plus. Also Shyam Tele seems to have missed out on the rally its peers have enjoyed lately, and nothing seems amiss with the company. Do keep a watch.
Thanks and have a great weekend!

Hi Amit,
Thanx for all that info.......hmmmm I wonder who it is that gave this thread a 5star but you deserve it for the effort put in.Great goin!!

Saint

i have igate global solutions(mascot)at 173 level!!and blue star info at 164!!around 4 to 6 monts before,will u pls guide me about the future of these co. iwill b thankful yo u!!!!

with regards,
shripad

Hi AMITBE,
Good follow up of SHYAMTELE----I have invested at 86 level----when it suddenly fell from 100 level---to 86----though there after it went to 82 level----but Im sure it will go to 100level again soon----
Another few Scrips to watch r---BONGAIYA REF,SAMTEL and HOTEL LEELA---cannot write much because of poor internet service---Do make the Follow up Plz,and write elaborately if u can ----
Regards,
joy_mitali

Hi there saint,
Gosh…by the sounds of it you’d 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, I’ve made so many wishes on so many stars with hardly any luck that I’ve 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 Joy…am on a holiday and had to pull out the cd and update the bhavcopy etc at this internet place. It’s 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 don’t 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. It’s a safe play I feel if you don’t 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.

Hi Amit,
I am guilty of that "kind" deed......keep them coming,Amit.Great thread,great posts,great calls.....thank you.

Happy Trading/Investing
Saint

Thanks Dear Amitbe & Joy_mitali For Ur Valued Recomendations Which We Have Been Always Looking For. Wish U Both All The Best.
Regards
Hmp.

http://www.buzzingstocks.com/in/analysis.pl?ref=hmp

Heyy guys ..catch on for PNB..its a great steal at the current price...its likely to get good gains as its goin to acquire a managemnt stock in a bangladesh based bank..look for it...

HI AMIT

REALLY NICE CALLS ..

AZTECH IS MOVING....

THANKS FOR UR TIPS.