Dear all
am not well.suffering from viral still. anyhow i tried to post abt Rpower listing prices yest. fortunately / unfortunately not able to do.
A msg came tht it wont move above 520+ yest & bangalore grey mkt see the biggest hit in the country falling Rpower ( a company which is fundamentally gng to start after another 7 years). The grey prices went down to 50 yest.
Anyhow retail traders didnt sold off in the listing day much. possbl recovery of 450 is possbl in RPOWER & much exit is also possble above 430.
GMR & ABB are my favii in terms of fundamentals. but still stay away - sit & watch. more down is there.
All we know is US recession news is not out, before that itself how we get hurting is the present story. if US recession & Budget got hand in hand - there is no pain killer for investors.
This is not a mkt for investors & small traders.
Again i stress on fundamental stocks only.
My friend radhakrishnan, wait 15 more days.
RIL, ABB,GMR, ABG shipyard, jindal steel & power, JP ASSO, DLF r thr at unimaginable prices in the days to come. hope we r almost in 21st jan status now(prices).
When other mkts fall by 1%, nifty falls by 5%.... Nifty need to consolidate & move up from 4550 level.
Be patient!!!!
Goo luck - Happy trading....
-koolfriend4u