DEN 184- Target 199, 205-215 zone & then 225-240 zone (third target risky). Support in 181-177 range. Stop-loss 165. If sto-loss is breached, fall to 156-142 area.
Trading pattern in this script is very stong .. this is having a target of 176 and then 183 . i told in my earlier post to buy it at 158 on day 1 .. now the support is 164 .. so better purchase it at that price .. in small quantity and get good return...
bhaiya door raho abhi ipo ke market se siff paisa le raha hai abhi de nahi raha main reosen behind this sab log samajhte hai ki ipo me lagayo paisa double ab fpo market ki taraf chalo sab chodho ipo market badh me jaye aisa gamble jo apne paise ko kam.. kam...kam.. kae ja raha hai kisi ipo mat lagayo apne aap chote ipo aana band ho jayenge...........
Those of you who have lost money in DEN IPO dont worry. market will give an opportunity to make money in some other issues. Discl: I dont have DEN shares.
S P Tulsian only person advised to subscribed for DEN Network at Rs.195 But Now after listing down 22% Market price 150 loss Rs.45 per share. Can tulsian give it? S P Tulsia site is paid now. Who is full person to give fees for advise? Advisable to tulsian to site will be close before invesrore will shut it.
next target is Rs. 125 and it will be available less than 100. if the tv ch. operators are faling then how a cable network operator will give good results.
Den Networks 154- It has strong resistance in 183-170 zone. Target 142, 134, 125, 111, 96 (Intra-day Call). Stop-loss 166. When fall to 142, trial stop-loss to 155, when fallto 134, trial stop-loss to 142. Like this, keep trialing stop-loss.
OR
Cover at each target, and then, go fresh short after breaching support levels of 142, 134, 125 etc.
Long-term investors having one-year time horizon can invest 50% of their capital below 125 and remaining around 85. Its fair value is 185.
1st. Make the issue price at very high 2nd. Make money if the IPO is subscribed from the Retailers 3rd. No matter if retailers not give response to the issue.......becz the sellers & purchasers are BOTH "N.I.B & Q.I.B"
This is the real game plan prepared by the Promoters of this IPO,,,,,,but they cant succed becz of poor response from the retailers.
There only loss is "LOSS OF INTT + TRANSACTION CHARGE"
The promoters of Den Networks had entered into an agreement with the IL&FS Investors not to price the IPO below the conversion price of cumulative convertible preference shares (CCPS) issued to the latter on 21 January 2008 and 17 February 2009.
The conversion price of the CCPS was Rs 146.94-161.47 per share. These were converted on 27 July 2009.
The lead manager was promptly said that the company has issued shares at Rs 190 to other investors on 29 July 2009 & hence, price band fixed at 195 - 205.
QIBs & HNIs are losing opportunity to buy at discount post-listing. Recent bull-market will be marked by IPO scam soon. Black money channeled though overseas (from tax heaven countires like Mauritius, Singapore) chasing high PE multiple stocks both in IPO and secondary market. Few analysts have vested interested while recommending IPOs.