Jai Corporation

[manafa]

Originally Posted by jnj333
I Dont think JC will go below 1000, this correction could take it near 1150, RIIL could go upto 2100. I will be surprised if they go below these levels

Exact statement was made a couple of months earlier when JC went down to almost 800. Unfortunately the markets do no move with our expectations - it has its own momentum. Market direction and not speculation that makes money. Keep your eyes on the ball.

Happy trading

 

[visakk]

jnj333,

Guys, my broker gave a SELL call and asked me to sit on cash, as they are seriously expecting more downfall.

What's your comments on this..?

Siva

 

[jnj333]

FII limit is generally used by the promoters to rope in big players like they did by doing pref allotment, after selling their stake in open market the promoters again alloted themselves shares so their holding again went up. As huge capital is required in the various projects of Jai Corp, Big FIIs are eyeing this counter but they usually want big quantities thats why the benefit of FII limit, beneficial for the company for more fund raising plans.

After split/bonus, Jai corp never closed below 1000 levels, never went to 800 levels, kindly check again, it was like 1020-1035 where the block deal to FIIs and the pref allotment was done, so this is a big big support. Very hard to break this level.

My suggestion is to Hold the counter and accumulate for those who want to enter at every downfall from hereon.

 

[nansrired]

Hi Jnj,
In this current scenario what would be your advice to Jai Corp and RIIL holders. Will RIIL go back to below 1000 levels. Even if it does can it bounce back atleast in 6 months time.

Also Jai Corp support level of 1030 had been broken. What level this is going to go. Your word will be very much appreciated.

Thanks
SN

 

[jnj333]

This is total madness, I would advise not to sell in panic, though it would not be sold anyway because of LC, but on the contrary I feel safe in these 5% filter stocks , that is the most they can fall in a day and not like a RNRL or RPL which has no levels to where they can fall. I feel as soon as the market conditions will stabilize, they may recover. Hold is the call as of now.

 

[wannabekarorepati]

This is total madness, I would advise not to sell in panic, though it would not be sold anyway because of LC, but on the contrary I feel safe in these 5% filter stocks , that is the most they can fall in a day and not like a RNRL or RPL which has no levels to where they can fall. I feel as soon as the market conditions will stabilize, they may recover. Hold is the call as of now.

I absolutely agree with you. I got panic calls from buddies and I am no expert. Just told them to hold to the funda.strong ones if its long term then the situation will certainly reverse but at a much lower pace. The returns may dip a small percent but loss..no way.. thanks for encouragin words.
cheers
Lawrie

 

[nansrired]

I am excpecting continous LC without giving anychance to exit in both RIIL and JaiCorp for next 2 weeks. I am coming to this conclusion because almost all the stocks have gone back to the levels they were 4 months ago. Logically RIIL and JaiCorp should be in LC for 2-3 weeks to reach thoses levels,

Anybody Correct me if I am wrong.

 

[jnj333]

Somebody is still buying at LC, check the 2.6 lac shares being traded at NSE, I wonder who they are

 

[nansrired]

Somebody is still buying at LC, check the 2.6 lac shares being traded at NSE, I wonder who they are

Hi Jnj,
What about RIIL. This is trading in low volumes.
Thanks
Srinivas Nandu

 

[jnj333]

Hi Jnj,
What about RIIL. This is trading in low volumes.
Thanks
Srinivas Nandu

It is in the hands of operators/promoters, it is been kept on LC because of Market conditions, they can take it anywhere anytime, be it 1000 or 3000. Wait for market to stabilize. My view only.