Some Good Steals...

AMITBE · #**2371** 9th January 2006, 12:19 PM

Quote:

Originally Posted by AMITBE

Target reached on Nagarjuna Const.
Just hit 294.70 and fallen off a bit.
306 is the range of this move and taking half off.

After hitting 305 om Jan 3 went to consolidate and moving again now at 293 off.
If 294 is held tonight, expect 300-306-312 as the immediate target. Then 318-324-330.
If anyone taken position, please take note.

AMITBE · #**2372** 9th January 2006, 12:28 PM

Quote:

Originally Posted by ssnkumar

Hi Amit,

I am holding IDFC for past few months.
I had bought it at Rs.71.
It is not moving much from this point!

What is the problem with this counter? Is it good to hold or should I sell it?

Thanks,
Narendra

Hi Narendra, IDFC is a mid to long term idea, and there's nothing wrong with the stock. It's consolidating after touching 77 recently. A close above 74 will set it up to make progress and there's strong support in the 69-70 area.
Thanks.

ssnkumar · #**2373** 9th January 2006, 12:38 PM

Quote:

Originally Posted by AMITBE

Hi Narendra, IDFC is a mid to long term idea, and there's nothing wrong with the stock. It's consolidating after touching 77 recently. A close above 74 will set it up to make progress and there's strong support in the 69-70 area.
Thanks.

Thanks for the reply.
Now, I can hold it without any worry

Regards,
Narendra

AMITBE · #**2374** 9th January 2006, 02:13 PM

Quote:

Originally Posted by roneeth

hello Amit,

Hope you are having a Nice weekend!!!!!
India Cements and Guj Ambuja both are doing very well...
I have a query,my dad had invested in Stanford Engineering Dou you have any information regarding this.have'nt about heard it from many years...
There are others too Tips and Toes,Shringar Bindis??(not sure about the name) ..Just curious about them...If you have any information it would be great...

Thanks and regards

Roneeth

Hi Roneeth, yes a great move in India Cements.
At 119 now it runs into some strong resistance levels. 122-225 would be quite difficult in this round perhaps. Keep close watch and then you may want to take some off around there and trail stop the rest. 110-112 is s/l.
Hold Guj Ambuja and trail stop. S/l 81.
I'm afraid I have no info on the others and you should check with your brokerage company.
Good luck.

koolprakash · #**2375** 9th January 2006, 02:58 PM

Hi Amit,

Best wishes for the new year and have a great trading year!

I wanted to know if Gammon India would be re-rated. Any news on this?

I am planning to invest for a 6 month period on this stock but I am waiting for consolidation as it has run-up quite fast from 395 levels. (CMP: 445.9)

Thanks,
Kool

AMITBE · #**2376** 9th January 2006, 03:16 PM

An interesting play could be Global Tele (GTL) in the near term...a possible dark horse.
Trading at 110 off and consolidating well, should it breakout it'll be sharp quite likely.
Strict s/l if entered at current levels is below 105.

madhura · #**2377** 9th January 2006, 03:46 PM

Quote:

Originally Posted by AMITBE

An interesting play could be Global Tele (GTL) in the near term...a possible dark horse.
Trading at 110 off and consolidating well, should it breakout it'll be sharp quite likely.
Strict s/l if entered at current levels is below 105.

Hello Amit,

I am participating after many days here...have not been trackin shares much...again started to!
india cemenet gave a breakout and if you see since 7 days making ascending trend...can expect around 125 there if trend continues...

On GTL , i saw the graph, but I can see no ascending trend there. Also not see any possibility of breakout...can you please explain this more technically?

Thanks
Madhura

AMITBE · #**2378** 9th January 2006, 11:24 PM

Quote:

Originally Posted by koolprakash

Hi Amit,

Best wishes for the new year and have a great trading year!

I wanted to know if Gammon India would be re-rated. Any news on this?

I am planning to invest for a 6 month period on this stock but I am waiting for consolidation as it has run-up quite fast from 395 levels. (CMP: 445.9)

Thanks,
Kool

Hi Kool...I'm not aware if there's any re-rating on Gammon. It's a major player as such and before the stock-split early last year, it traded around 1200-1300.
The breakout came recently above 404, and is now in the midst of a fresh move which could, if the market holds out, take it to 470.
At current levels supports are at 441-435-429-423-417, and below this 407.
In case the market corrects, watch these levels for entry.
Regards.

AMITBE · #**2379** 10th January 2006, 12:02 AM

Quote:

Originally Posted by madhura

Hello Amit,

I am participating after many days here...have not been trackin shares much...again started to!
india cemenet gave a breakout and if you see since 7 days making ascending trend...can expect around 125 there if trend continues...

On GTL , i saw the graph, but I can see no ascending trend there. Also not see any possibility of breakout...can you please explain this more technically?

Thanks
Madhura

Hi Madhura,
An ascending trend shows an ongoing upwards move post a breakout. India Cements brokeout at 88, a recent low, and rather than an ascending trend, it's showing a vertical climb from 88 to 122. However on the charts, it only gave a buy signal closing above 102.
As for GTL, there was an early sign of a breakout a few days ago at a close above 108-109 though it hasn't fully generated a buy signal yet. That would happen at a close above 113-114 with increased volume.
As I track this stock, I have observed some good consolidation/accumulation over the last few days made evident by the play of volume in relation to price action: Each time the price approaches 112-114 there is a quick rise in volume. You may think that's fresh supply coming in, but the contrary is suggested by the number of buyers and sellers seen. It's important to keep an eye on this aspect while tracking a stock for a breakout.
The reason for the suggestion that the breakout may be sharp is the way the ADX indicator has been lying low since mid December. It's often seen when the ADX remains low during consolidation, the breakout can be explosive.
My call earlier in the day was based on the above with a strict stop loss given.
The reason I've called it a dark horse is that this can be an unexpected winner and if so, the gains would more than compensate the risk element.
Bye for now.

mejo · #**2380** 10th January 2006, 12:41 AM

Hi Amit,

Could you give your opinion on Sonata Software- for last few trading session the stock is moving upward with a good volume.

NSE CODE : SONSOF
CMP : 41.30

What is short term target for the stock.

Apperciate your help.

Thanks
Mejo

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