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Tracked by: 1 Boarder Oversold for Now !Posted by : Date :24th Nov, 2009 - 00:41 BSE: Rs 44.15 ( -2.00 % ), NSE: Rs. 44.10 ( -2.11 % )Small bit of positive news & it will be on circuit. Breakout always come after a lul. the stk. has tested patiance of many as majority r very short term investors. But from 50 to 44-45/- is not a very long distance in over a six weeks compared to stks which move this much in a single day. I suggest a sell only if u have a convincing negative news. Anything near 40/- eagles will snatch at it. As per performance, next qtr. results will confirm the uptrend....
Tracked by: 1 Boarder Oversold for Now !Posted by : Date :19th Nov, 2009 - 22:57 BSE: Rs 45.50 ( 0.11 % ), NSE: Rs. 45.50 ( 0.00 % )Had the mkt. not got down today, it would have bounced atleast 5% today. $ going a bit strong today so expect it to get stronger. Neverthless this stk. is offering protection in a volatility and offers value for upside....
Tracked by: 0 Boarder Better Exit !Posted by : Date :19th Nov, 2009 - 00:36 BSE: Rs 73.35 ( 0.82 % ), NSE: Rs. 73.35 ( 0.76 % )Tracked by: 0 Boarder Enter at 266-267/- !Posted by : Date :17th Nov, 2009 - 00:13 BSE: Rs 274.45 ( 2.10 % ), NSE: Rs. 274.30 ( 1.67 % )Tracked by: 0 Boarder Resisting a fall !Posted by : Date :16th Nov, 2009 - 23:55 BSE: Rs 303.00 ( 0.53 % ), NSE: Rs. 302.75 ( 0.22 % )Tracked by: 1 Boarder Oversold for Now !Posted by : Date :15th Nov, 2009 - 23:11 BSE: Rs 45.65 ( -0.33 % ), NSE: Rs. 45.45 ( -0.55 % )The stk has been looking for reasons to go down & there is no strong reason for that and therefore it can easily be catagorised being oversold. Yes it had to consolidate after falling fron very high levels over last 6 months, but now it is overdone. Therefore don`t be surprised if little more selling in it, there is bound to be sharp rally in it. Another thing - Basmati is produced only in SEasia only & currency of all Basmati producers have appreciated against dollar. So price parity over net effect of dollar carry trade is nill. This is evident from last results also....
Tracked by: 0 Boarder BreakOut Possible Anytime !Posted by : Date :13th Nov, 2009 - 14:32 BSE: Rs 46.10 ( 0.66 % ), NSE: Rs. 46.00 ( 0.66 % ) |
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| Udayan Mukherjee, Stocks Editor, TV18 | ||
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