Stock for intraday trading: Buy Coal India Ltd. (COALINDIA) @ 376 for target 381 and 385 place protective stop loss at 372. At CMP of 376 it is already trading positive by more than 1.5%, and is more likely to be bullish today, So it seems to attract more buyers in this stock. The volume states that fresh long positions are built today with stock touching fresh 52 week high at 379.8 on NSE. ... [Continue Reading]
How is Coal India’s IPO, Subscribe or Not
It is the largest of all IPOs we had this year. This year has been quite lively, and at least the last few months. The primary market has markets surged to new 25 weeks high. But it has all been building up to the big one which opens next week on October 18(Monday). That’s Coal India. The government yesterday fixed the price band for its IPO at Rs.225-245. Subscription to this Rs. 15,000 crore IPO ... [Continue Reading]