I had applied for L&T Tech IPO through Union Bank of India online ASBA Till date the bank has not unblocked my amount Even mailed the complaint to concerned bank dept but no reply Also called over phone but giving reason of technical problem and their IT team is trying to resolve.
Please guide how to take action against the bank or relevant authority
On September 23, 2016 Motilal Oswal Asset Management Co.Ltd. - NTDOP (PMS) bought 11,00,000 shares of L&T Technology Services at Rs 920 on the NSE.
Read more at: http://www.moneycontrol.com/news/buzzing-stocks/motilal-oswal-buys-11-lakh-shareslt-technology-_7511801.html?utm_source=ref_article
619. Chem cho| Link| Bookmark|
September 24, 2016 9:33:35 AM
IPO Guru (2600+ Posts, 2700+ Likes)
WE had shorted L&TT as per the trend at Rs 910 and covered the same at the end of the day at 870
Mondays trend will be decided at 9.30 am as per markets but it is not likely to go down , as we had given buying call at 875 but as it was over sold the trend went up to 860 , so brokers wanted to bring to 825 levels but that was not possible as there were buyers at Rs 860 i would like to suggest that those who have L&T share can sell at rs 1500 and buy LTT AT RS 860 OR AS PER MARKET TREND LTT WILL GIVE GOOD RETURS IN LONG RUN THAN L&T
There were no buyers at Rs 860, it was just short covering, people who short in the morning knowing the fate of this share, covered their positions for the day.
619.3. Chem cho| Link| Bookmark|
September 24, 2016 9:47:13 PM
IPO Guru (2600+ Posts, 2700+ Likes)
YES SHORT COVERING BUT AFTER ALL BUYERS AT 860 , NO MORE SELLER OR SHORT SELLERS TO BRING IT DOWN TO RS 825
Well, 1st day traded quantity is More 2.66m in LTTs (compared to 1 time selling share available.) while More 1.81m in LTI.
LTI price up by 667 to 705 LTTs down by 930 to 860
All know that LTTs won''t give listing gain.
So based on above facts we can easily assume that no one took chance in LTTs .all were on selling side. retailers+intra player(last hour drop) are out in LTTs while they weren''t for LTI.
Concl:
So new buying by any biggies can take this to upperside . (will not break easily 825/800 as u think..!!)
Upside 10-12% in a 1-1.5month .... Downside 2-5%(if any) ...my view....
618.1. gamble| Link| Bookmark|
September 24, 2016 9:18:45 AM
(1600+ Posts, 3900+ Likes)
formula for monday :-)
If trading vol. Will b more than 1-1.2m then atleast 3-5% upside should b there...!!!....strange...!!
I want to share that We Cannot withdraw IPO application after closure of issue. This is what I received in my mail from Registrar
Dear Investor,
Please note that as per the new IPO procedure investor have to withdraw the application at the time of the issue was open. As this written application was the old practice for the IPO.
We are disposing of your request with no further action at our end.
Dear sir. You are caught now if you get profit exit if it goes below issue price exit and try again with that money in another place. One failure does not mean life is over
before listing i predicted listing below 925/- and later will decline. but didn''t expected the share to go till 860/- at closing. now in a week may be further down to 815-830 levels.
I have not applied in this ipo because somehow I know that this ipo will not give any decent listing gain which we can see. Remember I am talking about listing gains (which in my view is minimum 10-15% remember ipo is big risk big return game) not long term because if anyone wants to hold it for long term why he will go with ipo price when he can buy it at low price with more clear future prospect....and one thing to all those people with targets 1100-1200 and some 1300 for l&t tech....please be realistic....in this form we are here to share/give good views not fooling each other....this is one of the main reason that some good members leave this forum.......good luck to all
Amrishipo....thanks for the reply.....i dont know whether it is rks or another reason for their leave....but it is a loss for all of us ....because it is well said that u learn some thing from good knowledgeable person....and as far as those people who say that they will not lose any thing because of leaving some members....i want to say them that if they are so intelligent why them come on this website..... either they have plenty of time or they do not have self confidence.....i am here to gain knowledge and self confidence .....each one of us has a view and this forum is just like a meeting room so each one ( i am not pointing anyone) should maintain some discipline and respect each one....i have read some comments of rks....he sometime gets too rude to talk....as far as l&t tech is concern ....the whole group has a bad track record in listing gain......you can see .....remember i am talking about listing gain not long term and shares with weak listing gain can be purchase later in weak market like in l&t finance not in strong market....welcome your reply