Sea TV resistance levels: 114 - 119 - 125. If it crosses 127 it will become bullish. The next target is around 150. Before commenting see the buying and selling volumes for Sea TV.
GREEN WORLD-Sea TV Network is The Worst Company I have seen coming out in the primary market of India.The company is valuing itself at a trailing P/E of 80x and P/B of around 12x despite negative cash flows for most is its history.It is a very small fish in a highly competitive environment.It has civil and criminal cases against its promoters.It tried its hand and failed at doing its IPO in the 2008 Bull Run and is trying its luck again it the current bull run using an unherad of investment banker.
LISTING 100+ BUT GO DOWN AFTER 15/30 MINUTES AT 75 AND END OF DAY AT 50 TOUCH. ONE ANOTHER UP COMPANY HAPPEN AS TIRUPATI INK LISTING. GRAY MARKET PREMIUM 16 TO 17 BUT NO BUYERS. SALE IN 1 HOURS WHEN CONVER IN PROFIT. I HAVE APPLIED IN SINGLE APPLICATION BUT NOT ALLOTED ANY SHARE.I SHOKED IN TIRUPATI INK DUE TO SOME TO SOME TECHNICAL PROBLEM IN DEMAT ACCOUNT SELLING. IF YOU GET PROFIT IN MY ADVICE PRAY TO GOD AND THANKS.
Small issues like Gallant ispat, Prakash steelage, Aster silicates,Tarapur transformers etc. have really buzzed on listing day.So Sea TV and Bedmutha industries can also do well on listing day.Hope for the best.