Thursday, August 6, 2009

Be Causious.....NHPC IPO fully subscribed

NHPC's IPO worth up to $1.25 billion was fully subscribed shortly after bookbuilding opened. Once upon a time the big Rel Power IPO sucked the Liquidity in the market and we got a big crash......So.....
Trade with due care.We can see some recovery in second half. So try to grab shares at lower levels.If Nifty spot manages to trade and sustain above 4580 then we can see some recovery in the market and if Nifty spot breaks and trade below 4540 then we can see some more profit booking in the market.

No comments:

Post a Comment