Sir, Can i enter this scrip at current level? Or should I wait for more time... Do u think 350 is possible on this scrip? I am a long term investor.

Thanks.
Sandip...

Sir,

I agree with yr views. Sesa goa is one of the highly fancied stock in this market, liked by many big players in the markets. Thts what made it to make new 52-wk/all time high even in this bearish phase. It is likely to appreciately by , may be about 10-20% in coming week, due to bonus+split but will sharply correc due to proft booking post its record date. A long term investor who want to enter the scrip should wait now and should enter at much lower levels may be 100-120. For those long term investors who are already in this scrip at high levels, its a clear HOLD as one the markets stabilises over next 12 months, the stock will slowly pick up if company continues to post spectacular performances as it did for FY08.

Stay invested...

Sandip...

350/- is a remote possibility if the market corrects substantially for which there are not many signs at present. However,technically, it can come below 380/- say 375/- or so where one can reasonably enter for LT, with minimum downside risk. Thanks....

Hey Sandip buy RELCOM. invest 70 % of wht u were gng to invest. if it goes to 350 than buy with ur remaining 30 %. Stock is good at this level too....