Some Good Steals...

Hi Narandra,
Sorry you missed the ride on IndBulls, but never worry. The market is an ocean and good buys are always there to be picked.
Yes buddy, go right ahead and post your portfolio with buying date/price etc. Be happy to discuss with you.
Hi Kamalesh, really appreciate your comment on GujNRECoke. It has been testing my nerves too, and going by what you have said, I'll check the details and also the date of the results.
As the Nifty has crossed the crucial level of 2250 so nonchalantly today, it may well have entered a new realm of renewed bull-vigour so to speak. Perhaps will seek a higher level to exit GuNRCoke and go on to greater things! Will keep all posted though.
Both Crest and Sesa had a great run today, and especially Crest, but will check the data to see if there is a good entry possible in the current levels somewhere. I've done well in the past on it.
Kitex Garments and Magna Electro are BSE scrips? Since I don't trade there, I'm not in touch with these, but will get a look in.
Thanks, and any comments from you are always welcome.
Have a nice weekend.

Hi Amitbe and Traderji,

So, here is my portfolio, that I have built over past 6 months.
I have mentioned the scrip name, No. of shares and the cost price (inclusive of brokerage)
Scrip No. of shares Cost Price
EICHER Ltd 15 155.84
HINdustan MOTors 25 29.13
TVS motors 35 74.79
PUNjab National BANk 10 390.00
GUJarat AMBuja 75 58.83
PRAyag ENG 50 61.56
TCS 10 1,122.81
SAIL 20 49.45
USHa Martin 20 87.38
RAMa NEWsprint 100 14.53
HINdustan PETroleum 10 347.51
RELiance INDustries 5 549.01
BHArti TEle 8 207.14
KANika INFo 2300 1.28
VIShal EXPorts 45 31.71

Please do give your valuable suggestions on my portfolio.
I am looking for a long term (1-2 years, even 3 years is ok) investment.
So, I want to keep only those which are eligible for this.
And if any of the above are not good for long term, please let me know and also suggest a good replacement for this.

Thanks,
Narendra

did anybody has some news on GUFIC BIOSCIENCES!!!!!!
regards......

THANX A LOT DEAR AMITBE FOR INDIABULL CALL! I HAVE BOOKED PROFFIT BY SELLING HALF QUANTITY.TODAY IT HAS CLOSED AT 219.40 JUST 0.60 SHORT OF YOUR TARGET PRICE. NOW WHAT IS THE NEXT TARGET?
REGARDS
HMP.
http://www.buzzingstocks.com/in/analysis.pl?ref=hmp

Hi all…I do hope every one took a little or a lot of the benefits in the spectacular run over the week, and taking some deserved easy time off now.
It would sound as if I am boasting and vaunting if I went over all that happened over the week from my calls on the likes of CenTextiles, IndBulls, Dabur etc. About these, all I want to say for now is that they have run up a lot, especially the first two. They may possibly scale down a bit to stabilize and consolidate for a while from here. Not a significantly high percentage was delivered of the high volumes in both yesterday. On the other hand, they could even try to find higher grounds, but I’d rather not take my chances just yet.
With Dabur though, there would still be openings on any fall-backs. Its momentum got thrown off at the skewed opening at 158 yesterday and consolidated all day to finish 150 off. More than half of the volume got delivered, so try to take at below this if possible for 160, but be patient with it.

To go back to yesterday’s posting on Godrej and Gammon:
They both followed the call perfectly. Godrej began the day slowly and even dipped to 236, and then spurted to 252 to close 249 off, on volumes that could have been better than the 3.5 lakh. Now on the back of the good results all that should be taken care of and I expect this to get on with it. First target is 260-265, but if one holds, even more.
Gammon too began slow and saw a good volume build-up, over 2 lakh, which is good enough as it moves on lower volumes compared to others. Over 81% of this was deliverable! It did intraday 276 to close 272.60. I’d be repeating my self if I said the targets are very good.

On some of the more recent calls:
AEGISCHEM closed 121 yesterday. (called at 104, up 16.3%) Leave it for now. Will keep track and post.

SBI Home Finance closed 26.70 with intra 27.50. (called at 21.55, up 23.9%) At closing over 27, can go to 30 plus near term.

Chambal closed 35.95 with intra 36.55. (called at 33.95, up 5.9%). Still good for 39-40 in near term, volumes are good.

Hi hmp, so glad you could make some money on IndBulls, friend. I have written above on it for now, but if you don’t mind waiting a month or more, the target is way higher.
Hi ravi t, what exactly were you asking about GUFIC BIOSCIENCES?
Hi Narendra, thanks for your trust in sharing your portfolio here, and second thoughts, I ought not to have let you post it here as this is all personal stuff. Even so, I’ll have a thorough look tomorrow and post to the best of my ability.
Will look for some more scrips/calls and post on Sunday.
Thanks and bye for now.

Hello Amitbe!

Could you please tell me the Target price for Syndicate Bank.
Thanks for all your wonderful posts......

Regards

Roneeth

hii amitbe
can you please workout the targets for Gufic and post thanks!!!!
Regards

Hi Narendra,
Here is my take on the scrips you have listed. I have no claims on being a fundamental/financial analyst, so my opinion comes partly from technicals, which may or may not be relevant here, and partly from common sense, ie, if I have any!
Dealing with loss making investments are always difficult choices, so I’m looking at them first in more detail. For the rest amongst the profit making scrips if there is any reason to comment I’ll do so. The good ones I’ll leave alone.
Also, please give me the symbol of the scrip along with the company name and specify whether it’s on NSE or BSE as a lot of time gets spent on looking them up. I can work with NSE listings as I maintain data on those.
Also much depends on your personal capacity to take losses in the bigger picture. But if you trade with discipline, you should be able to make up in the long run. It seems like in some cases you may have acted impulsively. Don’t ever chase stocks that surge suddenly. There will always be chances, so do some research first. I’m saying all this from my own personal experience, and I’m sure most beginners pass through here too.

EICHER: There was some restructuring in passing some of its business to Eicher Motors in Nov. last year.
There seems no certain sign of coming out of the downward correction yet. Is currently trading at most crucial levels of 120, and a fall below this could take it to 110.
On the up side, Franklin Templeton Mutual Fund bought over 1.5 lakh shares between Feb-May this year. In the share holdings, mutual funds, govt. bodies, and corporates etc. have about 15%. Declared slight profits in the annual results this year.
The quarterly results come tomorrow, and if positive, may trigger a reversal of the down trend, which would be positively defined at a close above 135 levels.
My suggestion is watch the results tomorrow, and if positive, ride the current bull momentum and see if the price shows an up swing, even if gradual.
If you can come closer to your buy price at some point, bail out and look for something else.

Rama Newsprint. Get out of here at the first opportunity. This one is going nowhere, and languishes even in bull runs. Over the next few days it may come close to your entry, leave it

Hindpetro like others in its set, are dependent on govt. policy decisions, which are based on political imperatives of the times. Both the bottom lines and top lines are tied at the policy level.
What more is there to say, except it is in a corrective phase and you bought it quite high. I don’t know what the quarterly results are going to be like, and even if decent, will have a great influence on the price. All will depend on what the govt. does with hike in fuel prices mainly, and there are no easy solutions on this issue at all.
On techs alone, it may get a bounce from the current close of 299 off but there are several resistances on the way up. Since your exposure is not a large one, seek a higher level to exit in the next little while. An announcement of fuel price could come soon, and together with hopefully good results and the market momentum, you may find a decent exit.

Vishal Exports seems stable now at current 20 off levels. Here again there are several blockages on the way up, when it does trend up as the quarterly results have been decent. I’d again suggest you wait and watch for a while.

Hind Motors, quite frankly for me is a momentum play for day traders, as there are no clear strong fundaments, despite being one of the oldest companies belonging to one of the largest business houses. The company posted losses for the last four years, but had recorded a small profit in the Dec quarter last year. It has a very limited market niche in the car segment and I believe it has increased focus on manufacturing components for various heavy duty vehicles.
Current close of 38 off is important, as anything below 34-35 could take it closer to your entry. The up side is only going to be news related or momentum play, though again, in the expected likely higher levels of the indexes over the next short period, it may go up a little with the general trend.
My suggestion again, book profits at higher levels if possible and move on.

Usha Martin I have covered earlier for you, and the rest of your scrips are good. The ones that are below your entry will come back in sooner than later.
Kanika Info and Prayag are not with me for now.
You may want to read the following thread, Narendra, and benefit from it: http://www.traderji.com/showthread.php?t=613
Hope this helps.

Hi ravi t and roneeth, I’ll come back later tonight and make suggestions to your questions.
Thanks for now.

Hi Amit,

what is your call on entering ONGC at this level (it has already risen 2.2% on 22nd) early tommorow morning keeping in mind the JV's between ONGC and Mittal Group??

-Sam.

Hi Amit,
I am a new entrant in stock market.
I have recently purchased rs software and indusind bank at 86 & 74 resp. What do u think of them in coming week.