Dear Natarajan, You have shorted at 628.Problem is after fpo listing when the spot price will be 628 the future will be at around 1 percent premium i.e it may be between 632-634 so effectively you have shorted at 622.So please take note of this thing.
Congrats on your recommendation of Tata Steel and your dot prediction of 660 before dropping down.
Today looking at the big gap of Jan and Feb futures, looks like QIB shorted heavily earlier, expecting a good allotment in FPO. Now that the FPO subscription in QIB is higher than expected, QIBs are buying in cash to make up their shortfall? Your views?
this is my experience with india infoline. 1st i had given them a chq of rs. 555 for joining their services. they did not show this in my account and then debited the same with my credit with them. inspite of reminders nothing was done. when i closed my account with them they were not refunding me my deposit held with them. when i contacted their customercare i heard the funniest thing that deposits are not to be refunded. i took the matter with sebi and gave them the proof. it took time but finally i got back my deposit and also the 555 which was charged double from me. trust me it was a very bad experience with them. take care with them.
IndiaInfoline: AMC -NIL Brokerage - 0.5 for delivery DP Charge -Minimum Rs 15 per settlement.. there is a scheme.. if you pay Rs 600 per yr.. you can go for as many setllement..
ShareKhan: AMC - 1st yr Free,Rs 400 from 2nd yr onwards Brokerage- 0.2 delivery DLV Charge - Minimum Rs 15 per settlement(same as DP charge)
My question: Is any other broker better than these 2? All the brokers will charge for DP/delivery/settlement charge mimuum of Rs 15 per scrip.
I felt IndiaInfoline is better than Sahrekhan even though the brokerage is high(0.5) for delivery.. there are many advantages..
I would like to know more comments from boarders.. thanks
Pls don't urgue with anyone. Most of the people know yr capability. Now everyday a new proxy member comes to show their importance. We believe that people like You, KK Natrajan, Gem IPO Finder, Durai are the piller of this site. I visit this site just to read your opinion and beleive me that following yr advice i have never been into loss till date.
So, pls continue good work for the benefit of small investor like us. Those who disagree to Sreedhar should have to prove their capability before challenging Sreedhar.
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January 25, 2011 5:12:05 PM
IPO Guru (2600+ Posts, 2700+ Likes)
TATA STEEL FPO / VAS nat 252 refer my 245v dated 24 jan tata steel will not come down to rs 630 at the time of fpo allotment due on 3 feb 2011 it will be range bound rs 625 to rs 630 or more if nifty in range of 5625 to 5800 on feb 3 2011 good luck
Sreedhar Jan 19, 2011 1:06:10 PM IST | I Like It. Like | Report Abuse
Sreedhar's - IPO Recommendations, IPO Comments, Public Profile Omkar Speciality Chemicals Ltd IPO Hope people have made merry buying tatasteel,lichsg,TVS motors & yesbank.All are going great guns & minting some good money for us.
Sreedhar Jan 18, 2011 10:41:07 AM IST | I Like It. Like | Report Abuse
Sreedhar's - IPO Recommendations, IPO Comments, Public Profile Tata Steel Limited FPO As expected Tata steel has risen.Lic Hsg also looking good.
Sreedhar Jan 17, 2011 9:23:07 AM IST | I Like It. Like | Report Abuse
Sreedhar's - IPO Recommendations, IPO Comments, Public Profile Tata Steel Limited FPO Hi friends, returned back after Sankranthi vacation.I feel tatasteel will hold 620 till FPO.
Mr IPOIPO looks like you are trying to jump on the first oppurtinity .I have given buy when it was 615-620.See the posts.I have also said it is a mirage.It may look 650 but for tatasteel it requires one bank rate hike from china to tumble 5 percent.