Steel Authority of India

buy buy

Posted by : Dragonbhat
Price when posted : BSE: Rs 109.25 ( -4.71 % ), NSE: Rs. 109.10 ( -4.80 % )

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I have no clue where the bottom is. But there are many indications that steel cycle maybe over. For example, today there are reports that Arcelor Mittal has cut steel production.

All my stocks are down so i guess it doesn`t matter. Just wanted to note that in the midst of general market decline - the steel cycle may be over.

Regards,
Dragon....

In reply to:

buy buy

Posted by : KARUNAS

Where is the bottom?
All the support levels are being broken.

sensex to see 10000 soon.

Posted by : fekamfaak
Price when posted : BSE: Rs 114.65 ( -7.09 % ), NSE: Rs. 114.60 ( -7.17 % )

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Guyz this is not the right time to invest. Its risky as market may give you more lucrative prices in the coming 6-8 months (may be earlier). Theres a possibilty of losing more 30-35% if invested now. I know the current prices are really good, as it can be used for averaging and not for investing in new scripts, but then too I beleive global crisis will crack the support levels as this crisis are going to be long term crisis.

Strategy should be averaging but not now when market floats in the range of 10-11000.
This are my views, you can do your own homework before coming to any conclusion.

happy investing
Cheers. ...

Long on SAIL

Posted by : rookieinvestor
Price when posted : BSE: Rs 114.65 ( -7.09 % ), NSE: Rs. 114.60 ( -7.17 % )

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Its time again to go long on Sail. Buy at cmp 115 and you will see a strong short covering rally ill 124 or so and then fresh long positions till 130. A neat Rs. 15/- can be made in the coming week itself... Cheers......

buy buy

Posted by : hembhat
Price when posted : BSE: Rs 114.65 ( -7.09 % ), NSE: Rs. 114.60 ( -7.17 % )

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Selan Exploration would give you best returns for sure. It is available cheaply for Rs. 218. It turnover for Q-1 was equal to last full years turnover & Q-1 EPS was at Rs. 13. In my opinion in one year hirizon it should quote above Rs. 500 and two years Rs. 800. For 08-09 it has declared interin dividend of 15%. This shows confidence of management in the operations. Oil exploration is high risk high reward business. On this backdrop, the interim dividend suggests a very bright future for the company and managments caring attitude for investors. ...

In reply to:

buy buy

Posted by : Guest

VKK43,
I have shortlisted following four shares which I intend to by in this month

1. Selan exploration
2. Everest Kanto Cylinders
3. Gitanjali Gems
4. Rel Petro

I will be holding these shares for a period of 1 to 2 years.

Do you track any of these? If yes, at what level I should buy? Which share I should not buy now / at all?

I will be thankful to you for your help.

buy buy

Posted by : vkk43
Price when posted : BSE: Rs 114.65 ( -7.09 % ), NSE: Rs. 114.60 ( -7.17 % )

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I am sorry, at the present juncture, it is difficult to take a call on the above shares, as I do not track the first three shares. Rel. Petro for LT is good, though at present its undertone is bearish....

In reply to:

buy buy

Posted by : Guest

VKK43,
I have shortlisted following four shares which I intend to by in this month

1. Selan exploration
2. Everest Kanto Cylinders
3. Gitanjali Gems
4. Rel Petro

I will be holding these shares for a period of 1 to 2 years.

Do you track any of these? If yes, at what level I should buy? Which share I should not buy now / at all?

I will be thankful to you for your help.

buy buy

Posted by : Guest
Price when posted : BSE: Rs 114.65 ( -7.09 % ), NSE: Rs. 114.60 ( -7.17 % )

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VKK43,
I have shortlisted following four shares which I intend to by in this month

1. Selan exploration
2. Everest Kanto Cylinders
3. Gitanjali Gems
4. Rel Petro

I will be holding these shares for a period of 1 to 2 years.

Do you track any of these? If yes, at what level I should buy? Which share I should not buy now / at all?

I will be thankful to you for your help. ...

In reply to:

buy buy

Posted by : vkk43

The undertone of the share still looks to be weak.

buy buy

Posted by : vkk43
Price when posted : BSE: Rs 114.65 ( -7.09 % ), NSE: Rs. 114.60 ( -7.17 % )

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The undertone of the share still looks to be weak....

In reply to:

buy buy

Posted by : KARUNAS

Hi
Learn from Warrner Buffet.
He was sitting 80K Million USD from last so may years and not investing saying that the market is over valued.
He has just started investing buying into the good companies now, means that this may be or is the bottom....

buy buy

Posted by : KARUNAS
Price when posted : BSE: Rs 114.65 ( -7.09 % ), NSE: Rs. 114.60 ( -7.17 % )

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Hi
Learn from Warrner Buffet.
He was sitting 80K Million USD from last so may years and not investing saying that the market is over valued.
He has just started investing buying into the good companies now, means that this may be or is the bottom....
...

In reply to:

buy buy

Posted by : Dragonbhat

Hi KARUNAS,

I get a feeling that the steel cycle is over. There maybe some spurts but on the whole the stock prices will go down.

Regards,
Dragon.

buy buy

Posted by : KARUNAS
Price when posted : BSE: Rs 114.65 ( -7.09 % ), NSE: Rs. 114.60 ( -7.17 % )

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Where is the bottom?
All the support levels are being broken....

In reply to:

buy buy

Posted by : Dragonbhat

Hi KARUNAS,

I get a feeling that the steel cycle is over. There maybe some spurts but on the whole the stock prices will go down.

Regards,
Dragon.

SAIL loses further ground

Posted by : Guest
Price when posted : BSE: Rs 114.75 ( -7.01 % ), NSE: Rs. 115.00 ( -6.84 % )

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when SAIL will increase?
...

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SAIL loses further ground

Posted by : MMB Messenger

At 09:56 am, Steel Authority of India, SAIL was quoting at Rs 119.75, down Rs 3.7, or 3% on the NSE. It has touched an intraday high of Rs 122.10 and an intraday low of Rs 119.40. It was trading with volumes of 44,795 shares. Steel Companies are planning to cut output on falling demand and costlier ore, reports The Economic Times.

SAIL loses further ground

Posted by : MMB Messenger
Price when posted : BSE: Rs 114.75 ( -7.01 % ), NSE: Rs. 115.00 ( -6.84 % )

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At 09:56 am, Steel Authority of India, SAIL was quoting at Rs 119.75, down Rs 3.7, or 3% on the NSE. It has touched an intraday high of Rs 122.10 and an intraday low of Rs 119.40. It was trading with volumes of 44,795 shares. Steel Companies are planning to cut output on falling demand and costlier ore, reports The Economic Times. ...

buy buy

Posted by : Dragonbhat
Price when posted : BSE: Rs 115.10 ( -6.73 % ), NSE: Rs. 114.10 ( -7.57 % )

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Hi KARUNAS,

I get a feeling that the steel cycle is over. There maybe some spurts but on the whole the stock prices will go down.

Regards,
Dragon....

In reply to:

buy buy

Posted by : KARUNAS

But the cmp is a good buy though the bottom is unknown, but looks to be nearing, chances and risks may be taken.

Why is it crashing today

Posted by : Guest
Price when posted : BSE: Rs 116.20 ( -5.83 % ), NSE: Rs. 115.10 ( -6.76 % )

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I know the whole market is going done, but why this crash in SAIL today?...

buy for long terms

Posted by : just a trader
Price when posted : BSE: Rs 123.40 ( -3.59 % ), NSE: Rs. 123.45 ( -3.33 % )

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sail fundamently good company .now good time to buy short and long terms....

buy buy

Posted by : vkk43
Price when posted : BSE: Rs 123.40 ( -3.59 % ), NSE: Rs. 123.45 ( -3.33 % )

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Thanks for your views and msg....

In reply to:

buy buy

Posted by : KARUNAS

Chhances have to take in the current market situation, but with most of the term investers investments are exhausting with buy on dips, I dont know how long.