Some Good Steals...

VICKY_SEEKINGINR · #**2391** 10th January 2006, 03:29 PM

HI AMIT...

how is market looking?
can enter in shanti gears now?

Thanks

ragh_ash · #**2392** 10th January 2006, 08:27 PM

hi amitbe,
what are u r views abt Carborundum universal?
i mean MACD crossover, averages etc seem entry point.
(i am not recommending, just seeking opinion)
regards

AMITBE · #**2393** 12th January 2006, 12:20 AM

Quote:

Originally Posted by VICKY_SEEKINGINR

HI AMIT...

how is market looking?
can enter in shanti gears now?

Thanks

Hi Vicky...the market is not looking too good in the short term.
For Shanti Gears, lets watch what it does tomorrow but it appears to be headed higher regardless of the market. However don't jump in first thing and observe first...it'll probably have a gap-up opening with quick volume build up. Should it come in for some profit booking after yesterday's climb, get in lower if it seems to be going against the market.
S/l is 58-59.
Good luck.

AMITBE · #**2394** 12th January 2006, 12:25 AM

Quote:

Originally Posted by ragh_ash

hi amitbe,
what are u r views abt Carborundum universal?
i mean MACD crossover, averages etc seem entry point.
(i am not recommending, just seeking opinion)
regards

Hi ragh_ash...been a while since you visited...been ok I hope.
Carborundum maintains it's good and steady up-trend and does seem set to go higher...was one of the few winners in Tuesday's fall. Infact this is probably the only stock that remained untouched during the pre-Diwali fall where the best lay in ruins.
Obviously there is a very strong fundamental story behind this. The chart suggests a safe and steady capital builder with only moderate moves in either direction.
However the breakout occured at 134 on Monday last week and it's maintaining the grip still. Results are expected quite soon and this is likely a pre-result rally.
As it's going from high to higher at a gentle incline with typically moderate volume over the past few months, it would not be easy to decipher a tear-away breakout. The average days up or down closing price volatility reamins minimal, so a very slight deviation from this would tend to skew indicator readings.
All that aside, it's a good defensive counter for the mid to long term with no apparent downside at this point. S/l at current closing is 133.
All the best.

AMITBE · #**2395** 12th January 2006, 10:04 AM

Unichem Labs, Shanti Gears and Gatewy are great buys at any dips.

AMITBE · #**2396** 12th January 2006, 10:59 AM

Quote:

Originally Posted by AMITBE

216 is strong resistance for Rolta.
If this is well taken out it should be heading for 221-226-231 in time to come, and possibly 237. 221 may prove a hurdle.
At the current 214 off, s/l is at 206 or 201 final.
This is subject to the market conditions. Utmost caution has to be taken for all positions.

After slipping to 206 this morning, Rolta is up at 115 off.
Keep an eye.

ragh_ash · #**2397** 12th January 2006, 11:39 AM

Quote:

Originally Posted by AMITBE

Hi ragh_ash...been a while since you visited...been ok I hope.
Carborundum maintains it's good and steady up-trend and does seem set to go higher...was one of the few winners in Tuesday's fall. Infact this is probably the only stock that remained untouched during the pre-Diwali fall where the best lay in ruins.
Obviously there is a very strong fundamental story behind this. The chart suggests a safe and steady capital builder with only moderate moves in either direction.
However the breakout occured at 134 on Monday last week and it's maintaining the grip still. Results are expected quite soon and this is likely a pre-result rally.
As it's going from high to higher at a gentle incline with typically moderate volume over the past few months, it would not be easy to decipher a tear-away breakout. The average days up or down closing price volatility reamins minimal, so a very slight deviation from this would tend to skew indicator readings.
All that aside, it's a good defensive counter for the mid to long term with no apparent downside at this point. S/l at current closing is 133.
All the best.

hi amitbe,
thx 4 reply.
pray tell me what indicators u use.
i used MACD cross over, TRIX reversal for this, but still waited 1 couple days betore entering(141).
but i still don;t know how to fix a target.
please enlighten (obivously whenever u r free)
regards

smatrix · #**2398** 12th January 2006, 12:03 PM

Hi Amit,
How does infy look after 4% down today?

Shirish.

AMITBE · #**2399** 12th January 2006, 12:43 PM

Quote:

Originally Posted by smatrix

Hi Amit,
How does infy look after 4% down today?

Shirish.

Hi Shirish, 2790-2820 is an important area for Infy. As long as it maintains position here it's ok. 2885 is what it needs to be in safe territory and below 2760 would go deeper.
However being amongst the best of it's kind world wide, it should remain stable and more so with a little support from a few influencial majors in the index.
It'll sell like hot cakes closer to 2650-2680 if it goes that deep. By sell like hot cakes I mean they'll lap it up.
In the short term it could do with a little pruning down, but then, it'll get taken fast lower down.
In the current scene, it's not Infy alone doing this to itself for flat results.
The general conditions are bearish, and when this improves, perhaps early next week, it should be pretty stable.
Nothing more to say for now.
Regards.

VICKY_SEEKINGINR · #**2400** 12th January 2006, 02:06 PM

Quote:

Originally Posted by AMITBE

Hi Vicky...the market is not looking too good in the short term.
For Shanti Gears, lets watch what it does tomorrow but it appears to be headed higher regardless of the market. However don't jump in first thing and observe first...it'll probably have a gap-up opening with quick volume build up. Should it come in for some profit booking after yesterday's climb, get in lower if it seems to be going against the market.
S/l is 58-59.
Good luck.

Thanks amit..

well last trading day i get it at 67.80 but today exited in profit due to fear....

I will try to pick it at lower level with s/l 58

Thanks

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