Hi all
Sodid anyone hear someone whining yesterday?
Myself of course!
Yes! It was indeed a new day, eh?
Cummins did a great move today to get past the 148 hurdle finally in great style. Intraday high was 155 to close at 152.75. Volume was over 10 lakh. Now it is on its way, and past 158 can go on to 165. Will take several sessions, but Im holding.
GujNRECoke after breaching the long standing blockage at 129 went to 132 to close on the nose of the 129.30 mark with over 24 lakh volume. Nice move, and now knows its way forward. Holding for 140-145 short term.
IDBI rocked on the crest of over a crore volume to peak at 118 and closed 116.25. Expecting 125 soon and may take profit, though mid term target is for 150.
BOI as Traderji had suggested is on its way to the 120 mark with a nice close at 111.30 after hitting 112.50 on 22 lakh volume. It has done 112 before, fallen back to 95-96 and should be going on. Perhaps book profit around 115 and buy again around 109, its strong support..
CenTex has had a taste of the 300s last two sessions and taking a breather. Short term 320 and Im holding.
Gammon fell victim to yo yo day traders and fell back to the great support of 269 after testing 274. The meager volumes of 40 thousand make rubbish of this draw back. Along with Cummins this is my favoured one, so enter if you like. Its taking time but wont keep back too long. Has to participate in the bull run?
Allahbad Bank is just below the strong resistance at 89, has good volumes so keep watch.
Bharti was called at 228, and seems to me to have some juice left at 259. Another 10-12 rupees before I exit for now.
In falling back to 225 on a mere 30 thousand odd volume, Godrej has given another chance to enter. Has been darting around, has tested 240 plus in recent times and just yesterday had touched 236. A great buy if one is patient, the benefits will be worth the wait, I feel.
Infosys sank needlessly about a hundred rupees(?) and took Wipro, TCS etc down too. All for a lot of opportunistic short sellers creating panic as this is only the first quarter and this great company is looking at spending on expansion in a competitive market. But on the upside when shortly in the next few sessions it recovers, will take the indexes up along with the pack. Some good scrips like Aztec, Rolta, Kale etc may well benefit from the surge then, though in their own right they are top if undervalued scrips.
joy_mitali, your pick Samtel moved nicely after a high of 99.75 to close 98.65 with ok volume of about 3 lakh. Ill take the plunge only at a clear crossing of 105 with better volumes. Will be targeting 115-118.
Hi Narendradont have access to all my data easily for now, but I feel Vishal Exports is cruising along consolidating at a good support price currently. There seems no reason for it to slip below 18 where it could fall further, and at clearing 24-26 on good volumes you should be able to get your price. Seems the stock was split? If so, these ones take a little time to settle down in the new parameters.
Saint, sorry theredidnt mean to say you were picking Him Fut but only putting a word of caution. Ive suffered in the past with this scrip, and it has slipped sharply today.
Thanks very much, Kamalesh. It's a privilage that I value greatly if I'm taking a fraction of Traderji's load. I'm just learning things here like others, and all this helps me greatly. It's like loud thinking, really. And it is a great privilage too, to be mentioned along with Saint, Sh50, Creameeee, Joy-Mitali...they are very dedicated and post some fantastic picks!
So much for now
And ohdo my postings seem way too long and rambling and should I try to prune them down? Wifey here seems to think so and shes a pretty smart lady!
Sodid anyone hear someone whining yesterday?
Myself of course!Yes! It was indeed a new day, eh?
Cummins did a great move today to get past the 148 hurdle finally in great style. Intraday high was 155 to close at 152.75. Volume was over 10 lakh. Now it is on its way, and past 158 can go on to 165. Will take several sessions, but Im holding.
GujNRECoke after breaching the long standing blockage at 129 went to 132 to close on the nose of the 129.30 mark with over 24 lakh volume. Nice move, and now knows its way forward. Holding for 140-145 short term.
IDBI rocked on the crest of over a crore volume to peak at 118 and closed 116.25. Expecting 125 soon and may take profit, though mid term target is for 150.
BOI as Traderji had suggested is on its way to the 120 mark with a nice close at 111.30 after hitting 112.50 on 22 lakh volume. It has done 112 before, fallen back to 95-96 and should be going on. Perhaps book profit around 115 and buy again around 109, its strong support..
CenTex has had a taste of the 300s last two sessions and taking a breather. Short term 320 and Im holding.
Gammon fell victim to yo yo day traders and fell back to the great support of 269 after testing 274. The meager volumes of 40 thousand make rubbish of this draw back. Along with Cummins this is my favoured one, so enter if you like. Its taking time but wont keep back too long. Has to participate in the bull run?
Allahbad Bank is just below the strong resistance at 89, has good volumes so keep watch.
Bharti was called at 228, and seems to me to have some juice left at 259. Another 10-12 rupees before I exit for now.
In falling back to 225 on a mere 30 thousand odd volume, Godrej has given another chance to enter. Has been darting around, has tested 240 plus in recent times and just yesterday had touched 236. A great buy if one is patient, the benefits will be worth the wait, I feel.
Infosys sank needlessly about a hundred rupees(?) and took Wipro, TCS etc down too. All for a lot of opportunistic short sellers creating panic as this is only the first quarter and this great company is looking at spending on expansion in a competitive market. But on the upside when shortly in the next few sessions it recovers, will take the indexes up along with the pack. Some good scrips like Aztec, Rolta, Kale etc may well benefit from the surge then, though in their own right they are top if undervalued scrips.
joy_mitali, your pick Samtel moved nicely after a high of 99.75 to close 98.65 with ok volume of about 3 lakh. Ill take the plunge only at a clear crossing of 105 with better volumes. Will be targeting 115-118.
Hi Narendradont have access to all my data easily for now, but I feel Vishal Exports is cruising along consolidating at a good support price currently. There seems no reason for it to slip below 18 where it could fall further, and at clearing 24-26 on good volumes you should be able to get your price. Seems the stock was split? If so, these ones take a little time to settle down in the new parameters.
Saint, sorry theredidnt mean to say you were picking Him Fut but only putting a word of caution. Ive suffered in the past with this scrip, and it has slipped sharply today.
Thanks very much, Kamalesh. It's a privilage that I value greatly if I'm taking a fraction of Traderji's load. I'm just learning things here like others, and all this helps me greatly. It's like loud thinking, really. And it is a great privilage too, to be mentioned along with Saint, Sh50, Creameeee, Joy-Mitali...they are very dedicated and post some fantastic picks!
So much for now
And ohdo my postings seem way too long and rambling and should I try to prune them down? Wifey here seems to think so and shes a pretty smart lady!
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