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| From : Rahul Singh at 03:07 PM - Nov 07, 2010 ( ) |
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Better avoid that till it close above previous days closing.Chances are high to see it going below 300.
Stock closed at Day's low. we may see much lower as i said yesterday.
one should wait for buying lavel.
coal india will be inckuded in msci world index from 19 november.this is good news and now new buying will be noticed as msci is a index which is tracked by various funds .
Dear Rahul,
Its allready on more than 100+ (42%) Premium we may see below 335 sooner.
thanks
if the market stays the way it is i dont expect it to go down below 335 and if the market corrects then 320.
I feel its rather difficult to easily cross/sustain 350/-/355 level by Coal India since Powergrid FPO is starting from 9th and the price band i.e. 85-90 is attractive so the selling / profit booking in Coal India should start from Monday.
In my view if we get 350+ in Monday or Tuesday so we have to book profit we may get next week 310-325 again to enter by week
one can buy at current levels and should be ready to avg if the price drops to 320 levels.downside is limited upside unlimited.
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