Prakash Steelage Ltd IPO Message Board (Page 16)

Markets opened flat and traded with a negative bias to close in red. Looking at the oscillators in the hourly charts, we expect indices to take support in a range of 5380 – 5385 levels. On the upside, 5480 level still remains a resistance for the market. The bullish view mentioned in previous reports will be negated only once nifty closes below 5340 levels.

 The Nifty Aug future closed at a discount of 0.85 points, against a premium of 4.35 points in the last trading session. On the other hand, Sep future closed at a premium of 5.25 points.
 The PCR-OI decreased from 1.49 to 1.44 points.
 The Implied volatility of At-the-money options increased from 15.50 to 16%.
 The total OI of the market is Rs1,72,118cr and the stock futures OI is Rs48,201cr.

 FIIs continued to be a buyer in the Index options. Though they shorted stock futures, were net buyers of Rs400cr in the cash market segment.
 Yesterday, build-up was visible in the 5400 and 5500 call options. However, considerable unwinding was visible in the 5400 and 5500 put
options.

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In prakash me Nissat copper jesa hoga?

Dear Sreedhar,
In the first instance I did not apply SKS wholeheartedly. If I had not lost so badly in Shree Ganesh Jewellary, I would not have applied SKS. When I made some money from this issue I felt as if I am taking something that is due to the poor and downtrodden. I know it is wrong to tell like this after having applied. But still.....
As for as Bajaj Corp is concerned, as I have only one full lot I will try and buy in the opening if it lists around 750 as suggested by you and then sell around 800. I will keep that one full lot for a price above 800 or so. But if it gets listed around 780 or 800 what should I do?

Dear Natarajan,
In IPOs where there is heavy HNI response try to buy at 900 am itself at market price.I have given you HNI cost for SKS & expected price & it was almost bang on target ie listing at 1060 & booking profit in 1150-1200 range.This happened becos HNI cost of share was around 1060 & since they would also want to sell at profit we can start booking profit when their profit reaches 5 percent,we can start selling in instalments ie 15-20 percent of our holdings for every 1 percent increase above that.I have done succesfully this trade in all the recent IPOs except SJVN where I made a loss of 3 percent on my purchase at 900 am.Stop loss is very important becos if for any reason SKS had not gone above 1060 then there will be heavy selling pressure from HNIs. Most often that not this works & it is fairly simple way of making money in IPOs.For Bajaj corp also I had given my views.Hope you have gone through it.I will be implementing it on wednesday.

WHat to do in Prakash Steelage. Should hold till listing or sell it in grey mkt.? What would be Premimum in Grey Mkt?

Can any1 tell me?

When Allotment?

HAS ANYBODY GOT PHYSICAL REFUND OF SKS MICROFINANCE?
REPLY PLZ
THANK U

Sahranpuri Ji,
Can you specify what you meant by ethical promoters?
Just today our local newspaper had a headline Micro finance Da"Runam".Runam means loan & darunam means atrocious . A Micro finance agent had threatened 2 women members of a self help group in a village in Medak District of AP.Husband of one of the members died due to heartache & another women tried to commit suicide.This type of incidents are occuring at a regular frequency which is causing lot of discomfort to the state government & resentment among people.For profit micro finance is nothing but glorified money lending ,difference being rate of interest charged by Micro finance firm is a little benign.

Is this good time to buy bank of rajasthan? its trading at 201 Rs. The record date for swapping to ICICI is 25th august in the ratio of 25:118. It seems to be good buy. whats your opinion?

Gane.

HEY FRIENDS ____ HAPPY INDEPENDENT day
HAS ANYONE GOT PHYSICAL REFUND OF SKS MICROFINANCE ?
PLZ REPLY


THANK YOU

HI.FRIENDS

HAPPY INDEPENDENCE DAY.

PRINCEEEEEEEEEEEEEEEEEEEEEEE

[ ONE LAKHS PAR ]

BANK'S ONLY ONE YEAR RETUNS TOTAL 3500 RS.YEARLY
IN FIX DIPO. BANK'S ONLY ONE YEAR RETUNS TOTAL 8000 RS.YEARLY
IN THIS IPO APPRU 1350 TO 1850 DEGA

224. shridhar
listing ke din dekh lena

GMP is -7

dear subbu ,so broker like karvy donot allow indraday short on lsting day.as stocks are not in fno ,intradat shorting id highly risky

prakash steelage will be rock like NISSAN COPPER Listing.

Gujrat Pipavav IPO opening on 23.8.2010 & closing on 26.8.2010

Can anyone tell me what is the future ipo coming by another 3 weeks from now. kindly reply

SKS with @ 1195/-