Some Good Steals...

atulgupta · #**1991** 26th October 2005, 10:41 AM

Quote:

Originally Posted by AMITBE

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

Regards.

Hi AmitDa,
Thanks for your great analysis on the scrips posted by Raju.
Can you please let me knw how should I play with the scrip I posted ?

Hope I will get your as usual reply.

Many Thanks
Atul

AMITBE · #**1992** 26th October 2005, 11:25 AM

Quote:

Originally Posted by koolprakash

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

Hi Prakash...OBC at this point is sideways mainly but attempting a rise. It's a wait and watch along with the wider market and should things improve, a close above 252 is safety and above 260 is strength. It is important for an upside as this forms the immediate band for strong support and resistance. Above this would be a certain sign of the trend returning.
S/l for now is 230.
Good luck.

AMITBE · #**1993** 27th October 2005, 09:55 AM

Quote:

Originally Posted by atulgupta

Hi AmitDa,
Thanks for your great analysis on the scrips posted by Raju.
Can you please let me knw how should I play with the scrip I posted ?

Hope I will get your as usual reply.

Many Thanks
Atul

Hey Atul...by tonight or tomorrow morning.
Sorry friend...been busy...wife says gotta get a life every so often or else!

Cheers.

rinv · #**1994** 27th October 2005, 11:20 AM

Amit,
Can you throw some light on TCS. It had announced good results but was unable to capitalise on that..I have got 25 of them got at IPO..want to exit and re-enter some time later. What might be the right price in the short term to exit and re-enter ..

Thanks,

VICKY_SEEKINGINR · #**1995** 27th October 2005, 12:50 PM

Hi Amit.

What is going on in mkt?

Today Nice move in Bombaydying.
What is ur advice on this stock.

and 2nd i want to know about indiabulls.
i want to take it for next 5-6 months investment.
can take it at current price or have to wait for another fall.?

Thanks

AMITBE · #**1996** 27th October 2005, 01:23 PM

Quote:

Originally Posted by rinv

Amit,
Can you throw some light on TCS. It had announced good results but was unable to capitalise on that..I have got 25 of them got at IPO..want to exit and re-enter some time later. What might be the right price in the short term to exit and re-enter ..Thanks,

Hi rinv...don't know where the IPO was listed. The good results would begin to show up by and by in all the good counters, and same with TCS.
It's above some good supports and from the charts 1375 area would be weak. A close above 1440 would begin to look good. You may want to wait for a good day for an upside to see if 1440 can be taken out. Else below 1375 would be exit. Further, if it shows weakness now, one could exit to see if 1375 area holds good and buy above 1405 on the rise. S/l then would be 1375 again. There are many possibilities so you'll have to respond on the moment.
Do return if you need to discuss this further.
Regards.

AMITBE · #**1997** 27th October 2005, 01:27 PM

Quote:

Originally Posted by VICKY_SEEKINGINR

Hi Amit.

What is going on in mkt?

Today Nice move in Bombaydying.
What is ur advice on this stock.

and 2nd i want to know about indiabulls.
i want to take it for next 5-6 months investment.
can take it at current price or have to wait for another fall.?

Thanks

Hi Vicky...no buying suggested at all...just look at the market?
There are some remarks on Indiabulls here: http://www.traderji.com/equities/444...last-post.html
But be cautious.
Thanks.

adilsaleem · #**1998** 27th October 2005, 02:50 PM

I was thinking of calling an ITC option strike price 125 , premium 2.7 ... so my cost would be 128 with brokerage and i would get a months time ie till 24th nov. Am i being impatient ???

AMITBE · #**1999** 27th October 2005, 03:11 PM

Quote:

Originally Posted by adilsaleem

I was thinking of calling an ITC option strike price 125 , premium 2.7 ... so my cost would be 128 with brokerage and i would get a months time ie till 24th nov. Am i being impatient ???

Hi Adil...at this point ITC is hanging on to very little at 116 which also forms a crucial support. Now to look at the market, it's starting to test deeper levels, and any deeper than 2350, it would be that much difficult to pull back to a stable place.
ITC may fall further still along with the market. Look for the next support at 109-112, and this can happen. Take chances then is what I say. Yes, there's still a month to go but your benefits would be better coming in lower if possible.
Regards.

adilsaleem · #**2000** 27th October 2005, 03:19 PM

Quote:

Originally Posted by AMITBE

Hi Adil...at this point ITC is hanging on to very little at 116 which also forms a crucial support. Now to look at the market, it's starting to test deeper levels, and any deeper than 2350, it would be that much difficult to pull back to a stable place.
ITC may fall further still along with the market. Look for the next support at 109-112, and this can happen. Take chances then is what I say. Yes, there's still a month to go but your benefits would be better coming in lower if possible.
Regards.

Thanks for the advice .. very helpful

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