ISPAT shown good movement from 17.50 to 22.50 even in this bearish trend of market. As Dec 21st is the board meeting.... one can test luck / jackpot as lot of rumours are flooding on Mittal and Stemcor's interest on stake of this scrip. SBI's recent loan of 130 crores is another plus point....
As the scrip is already banned in F&O segment, this scrip may give more surprises in the coming 2 weeks of December.
chances are bright for scrip moving to 25 or even 30. a nice christmas and new year gift....
I booked profit in futures (bought @17.10 and sold @21.25) and 17.5ca call (bought @0.70 & sold @ 2.75) and still holding 25k in equity(average price 20.25) and calls of 22.5ca(bought @0.40) and 25ca(bought @0.15).
Goodluck....
uday
As the scrip is already banned in F&O segment, this scrip may give more surprises in the coming 2 weeks of December.
chances are bright for scrip moving to 25 or even 30. a nice christmas and new year gift....
I booked profit in futures (bought @17.10 and sold @21.25) and 17.5ca call (bought @0.70 & sold @ 2.75) and still holding 25k in equity(average price 20.25) and calls of 22.5ca(bought @0.40) and 25ca(bought @0.15).
Goodluck....
uday