traders can move in and out while process of price discovery is at place on 1st day,rather 1st week. 233 was magical number for traders,that hurdle successfully taken out. 213 should be new TSL ( trailing stop loss) for punters/traders who bought in tranches.
All those talks of 250-270-300 are down.Kerb market rates do not sway informed buyers/sellers.
Speculators : two tranches already bought intraday dip. 233 and above it may well be a rocket.Remember stop loss 198.
Re plug : 1046. acestocktip May 10, 2016 9:57:14 AM IST 231-232 listing price.Investors are advised to keep Stop loss of 198.No fresh buying warranted at this point in time.Rural distress,drought major headwinds for this company.
Traders : Punters ( speculators) may buy in tranches for intraday trade 231, 215 ,200 ( three tranches) but keep strict stop loss of 198.Piling up of sell orders may result in panic low levels.Though this is HOT SECTOR currently we have view that rural distress may mar the margins.HLL results has soured the sentiments.If rural distress theme starts playing MFI will take major hit after FMGC sector.
Investors ( fresh investment) : Do not touch this stock.Let price discovery happen before nibbling into it.
1042. CHD| Link| Bookmark|
May 10, 2016 10:02:46 AM
(1100+ Posts, 500+ Likes)
Very good listing. Rs. 231 now. For this, we invested 210. For this 20 Rs, we stressed out during extra hours apart from office applying, talked about allotments, spent few bugs for internet breaking the heads and most got one lot.
Nice....! We can all build one Taj Mahal with this money near another Bagra. Become rich overnight. An Uber taxi driver/share auto driver earns better. A summer juice stall earns better. A bhel poori shopper earns better. Why so much intellectual talk for the peanuts of 20 Rs and anxiety and stress?
1038.1. Khemka| Link| Bookmark|
May 10, 2016 10:15:12 AM
(1000+ Posts, 400+ Likes)
this is the discovered price in the pre-open trade.
looks likely to open around 232 @ 1000 Hrs. thereafter it would see some selling pressure, I believe if hits around 225, MUST be bought for intraday trade.
231-232 listing price.Investors are advised to keep Stop loss of 198.No fresh buying warranted at this point in time.Rural distress,drought major headwinds for this company.
Traders : Punters ( speculators) may buy in tranches for intraday trade 231, 215 ,200 ( three tranches) but keep strict stop loss of 198.Piling up of sell orders may result in panic low levels.Though this is HOT SECTOR currently we have view that rural distress may mar the margins.HLL results has soured the sentiments.If rural distress theme starts playing MFI will take major hit after FMGC sector.
Investors ( fresh investment) : Do not touch this stock.Let price discovery happen before nibbling into it.