Ispat

[MiLiNDOnline]

Hi Milind,
Ispat has crossed 95% of the market-wide position limit and no fresh position in F&O segment can be taken for trade atlest today or until it breaks the ban period. Thanks, Debdeep

Hi Debdeeps,

Do we see a very bad or negative impact of this on ispat prices in coming days?


Regards!

 

[Prabhjeet]

These F & O curbs have become a real problem nowadays, there are so many weak hands holding large positions these days is what worries me the most that is why i am giving a stoploss of 65 on ISPAT, which i think is still in f&o curb

 

[debdeeps]

ISPAT was supposed to bounce within two days and it did bounce on the second day, from now on 65 should act as intermediate bottom and if ISPAT breaches this level it may test 55 levels

Hi prabhjeetrana,
Can you pls elaborate your view. Will we take this opportunity to escape from this scrip or take fresh position. From the graph I can only see downtrend. But todays high is a surprise for me. Thanks, Debdeep
N.B: I believe graphs are not exact science and not always correct.

 

[debdeeps]

Hi Debdeeps,

Do we see a very bad or negative impact of this on ispat prices in coming days?


Regards!

Lot of volatility will be there until it's result come on 20th Jan.

 

[MiLiNDOnline]

These F & O curbs have become a real problem nowadays, there are so many weak hands holding large positions these days is what worries me the most that is why i am giving a stoploss of 65 on ISPAT, which i think is still in f&o curb

Hi P,

Is there an EXIT Call for Ispat at current price?

As there is no point in holding it if - it will be going down to say 65 Rs level and then it will take couple of months to bounce back to 85-90 level. . Then in this case it is better to EXIT from Ispat at current level and Re-Enter when the price is low... But with assurance?


Please let us know your views on this.


Regards,

 

[Prabhjeet]

Yes Debdeep you are right charts(not graphs) are not mechanical science thats why i am asking for a 65 stoploss, if 65 is taken out that means we keep on going down further otherwise todays' move seems to be very bullish.

Milind i am not asking to exit ISPAT, no not at all whatever f&o postion is , if the stock is bullish it will go up just keep a stoploss at 64

 

[debdeeps]

Yes Debdeep you are right charts(not graphs) are not mechanical science thats why i am asking for a 65 stoploss, if 65 is taken out that means we keep on going down further otherwise todays' move seems to be very bullish.

Milind i am not asking to exit ISPAT, no not at all whatever f&o postion is , if the stock is bullish it will go up just keep a stoploss at 64

Hi prabhjeetrana,
Ahh!! I like the term graph rather than chart. Anyway thanks for your view, I am unholding half of my postion and waitting for todays close and tomorrows open to decide what to do with the rest of them. Thanks a lot. Debdeep

 

[rajaram.dilipkumar]

entared ispat yesterday with a s/l of 69.......dont hold and pray if it comes below 69 even in intraday.
There is a hammer and the correction has seen a 66% fib retracement from the top hence bought it ..also there are multiple gaps between 40-47 and these gaps may be closed if the correction persists and the volumes doesnt pick up hence follow strict s/l..analysts will say whatever they want about results , bottomed out etc but they will not pay our bills..

 

[debdeeps]

entared ispat yesterday with a s/l of 69.......dont hold and pray if it comes below 69 even in intraday.
There is a hammer and the correction has seen a 66% fib retracement from the top hence bought it ..also there are multiple gaps between 40-47 and these gaps may be closed if the correction persists and the volumes doesnt pick up hence follow strict s/l..analysts will say whatever they want about results , bottomed out etc but they will not pay our bills..

Thanks rajaram.
Sorry guys I helped it to fall little bit more.

 

[sujit_76]

Blood bath on dalal street. We are getting screwed by operators.