1860. R R Patel| Link| Bookmark|
August 11, 2017 8:26:09 PM
IPO Mentor (800+ Posts, 3400+ Likes)
I have not sold a single share out of alloted 2 lots . If cross 600 on monday then i will sell 3/4 and remain 25% for long term.
1859. RajBreaks| Link| Bookmark|
August 11, 2017 7:56:34 PM
Top Contributor (300+ Posts, 200+ Likes)
@Mr Manofsteel ...What I''m Saying As Aam U R Trying To Call It As Mango.
Its Not 2 Forums....Its 2 Links For Every IPO...Like
Technical Aspect. Forum Discussion.
From "Technical Aspect" Link You Read / Get Expert''s Advice.. And Say Whatever You Want To Say In "Forum Discussion" Link.
1859.1. Manofsteel| Link| Bookmark|
August 11, 2017 8:12:11 PM
Top Contributor (200+ Posts, 200+ Likes)
I get exactly what you''re saying Raj but the problem is, Experts are not that Active on a day to day basis in India. If you see, Only brokerages recommend things and a few experts who come into the light once or twice only, But they are not that Active to give Information Daily. (Unless Charged) And as you know how our market is, Reviews, Suggestions, Comments, Change every day.
Yes, People who have been in market for a considerable time and have knowlegde can provide such information, But How to Sort them out?
And Chittorgarh already has so many options and pages for investors to get information.
Anyways, If chittorgarh wanted to make any change, it would have done it without us even asking for it.
Markets opened in a neutral mood but the SEBI ban on 331 stocks spoilt the bull party although the actual impact of 331 stocks on the market cap is miniscule but it had a big sentimental impact. North Korea threats had sent shivers to global equity markets to which even India succumbed, injuring the bulls on the Dalal Street. However it may seem to a layman, that geopolitical situations have caused such correction to happen, but the fact is that the markets were deeply over bought and therefore even a slight indication of frightening events would completely change the state of market participants’ mood from greed to fear and that is what precisely has happened. This is how market behaves, when everyone is bullish, it just turns and the opposite happens. In a recent broad based interview of market experts nearly 85% of the participants said they were bullish on the market, that is just the right time to leave the majority camp and go against the crowd.
That is what even we have been saying since last two weeks. July 28 - “Intermediate top in place market ripe for correction â€, Aug -4 “Nifty is a mirage,.... but the wider market has already started to weaken. The internal breadth indicates that the correction will further accelerate going forward. Keeping endless patience and not getting carried away in such euphoric phase of the market, but, waiting for correction to set in and then investing would make investors a lot richer, rather than investing at the current levelsâ€. Our stance is still the same: the correction will take longer time to unfold.
Events of the Week:
SEBI initiated demonetization of 331 shell companies to curb manipulation and in the process restricted the conversion of black money into white and vice versa. This will go a long way in cleaning up the system. The proposal to link Aadhaar with KYC is the last nail in the coffin to kill ways and means of black money creation and conversion. This will truly make capital market SWACHH, free and fair from manipulations.
Technical Outlook:
In weekly chart, Nifty has formed engulfing bear with a big real body confirming the change in the trend in the intermediate term. The correction phase of the market has begun. Indeed the Small Cap index which captures the mood of retail public had formed an ending diagonal pattern which is a powerful trend reversal pattern. All these indicate that sell on rise has to be the strategy for the traders and investors should remain on the side lines. Traders should wait for the bounce to sell, currently the market is oversold.
I have short sale 1000 Cochin shares @325.40 and now its in upper circuit. What will happen as my square of time with broker is 3.20 pm but I am not sure whether I will be able to square off or not.
It''ll go for bidding/auction & you''ve to pay that amount.. You''ve to bear good loss for this if not bought today. You can also try to get shares transferred from someone''s Demat account to avoid penalty.
You pls. ask from your broker and you might get chance to buy at 3.25 p.m today,you did at NSE, am i right,otherwise it will go on auction and you might loose heavily.
I did shortsale from my home computer. Two times I sold same way and exited with Rs 3 margin each time and got Rs 6000 profit but third time I trapped. I have bid purchase @525 to cover short. Hope I can able to square up today.
Talk to your broker before it''s too late, your greed can cost you way more then you made today. Broker can arrange for transfer share backdoor by charging some extra commission which i think is a better option to get out of this mess. Hoping you come out well from this shit, please be careful in short-selling the scrips from next time on.
Try to put a buy order now @528.15, you may get a few shares as many would not be able to hold the capitals & will be selling to withdraw there corpus. Best of luck..
Never ever try to short the position on listing day on upper side which is near upper circuit. Something has happened in Sheela Form also. Now your short sell will be settled on T+3. The price will be T+1 closing price + penality(upto 20%). You should prey that on Monday its price fall so that you will not get heavy loss.
i bidded for buy cochin @12:20 PM around , 100 shares @528.15
i was thinking this bid was not execute bcz of 10-12 lakh buyers in NSe with 2200-2300 orders
but i was surprised it executed on 3:09 PM ......tht mean new buyers coming in tht 14 lakh buyers & sellers may be retail some NII selling at UC price....
so if bpatel bhai cover ( buy) bid put at uc price before 2 hrs. of mrkt close may be tht also covered.....last hour can''t possible bcz many stand in row as my no. got in 3 hrs.
Auction Price will be Higher of : (a) & (b) (a) T+1 , Closing Price (b) T+2 , Actual Auction settle Price
And , where Exchange failed to buy/sale in Auction market , due to no buyer/seller come forward
Then , settlement price will be : Close out will be at the highest price prevailing in the NSE from the day of trading till the auction day or 20% above the official closing price on the auction day, whichever is higher.
so why the uc was not applicable for all other recent listed ipo''s (cdsl, au, salasar), was that informed earlier that beyond 20% from issue price, there would be uc..?
How many from all in this forum were aware about 20% uc in csl..?
kverma ...wakeup please , CDSL , or AU all rose more than 40% in pre opening itself from 9 am to 10 am when there is no circuit. After 10 am there is 20% circuit.
The IPO price band fixed at Rs 171 to Rs 175 per share
Apex Frozen Foods is coming up with a public issue of up to 87 lakh equity shares comprising of a fresh issue of 72.5 lakh equity shares by the company and an offer for sale by selling shareholders of 7.25 lakh equity shares by Karuturi Satyanarayana Murthy and up to 7.25 lakh equity shares by Karuturi Padmavathi. The issue includes a reservation of not exceeding 5% of the post-issue paid up equity share capital to the employees.
The net issue would constitute 27.84% of the post-issue paid-up equity share capital and the net issue to the public would constitute 26.56% of the post-issue paid-up share capital of the company. The price band of the initial public offer (IPO) has been fixed at Rs 171 to Rs 175 per equity share. The issue will open for subscription on 22 August 2017 and closes on 24 August 2017.
Apex Frozen Foods is one of the integrated producer and exporter of shelf stable quality aquaculture products. The company produces ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countries.
Hi.. when i tried selling cochin shares, it said "you cant trade in this scrip. Exchange is not enabled". I see that its listed in b group of securities. What does it mean? when can i sell? why has this been put in b group?
Bpatelbhai You have short sold at 325.40 But on which Bse or Nse I have not seen this lower price on any of the exchanges It issue price of 432/411 Listed at 435 You know the upper circuit Even lower circuit is not your selling price Something might be wrong
CochinShip has hit the upper circuit of 20% for the day and trading of this stock is halted for the remainder of the day due to the same reason. Next session of trading on this stock will be on Monday (14-Aug-2017). So no trading for today.