will this be like tirupati inks where it got listed above the issue price but then started falling and by the end of the day it was below it's issue price?
GAL 101- If falls below 97, intra-day profit doubtful. Resistance in 108.15, Support 101-98 zone. I bet to hit 120, 135 or even above 158 if holds support level.
Both Prestige & Gyscoal moving by fixing. Chart requires at least 5 days data. Only Punter should take cue from my analysis.
Why I like to trade on listing day is after 5 day's we miss lot of action. Here, there is possibility that with 2% risk, we may make 10% 50% or even 100% profit. Please note that 50% calls go wrong due to insufficient data / fixing.
I am bullish on it .. if reached 140+ then and then only i sell.. It's traded more then 5 times of equity offered.. Their is possiblity thet squre off happened in last 1 hour trade.. may reach 140 today.. Hope for best!!!
I bought 200 at 99.50. I not put any stop loss in my trade because i will take dilivery if it trade below my expectation. Who are day trader for them i said SL-94.