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5 comments:
Bajaj Hind broke an important support level of 257 on Thursday. Friday's close was the lowest it has hit in 2006, previous low being 240.55 on 8th June, 2006. 219 is the support for BH for now. Fundamentally, nothing has changed that drastically for the sugar sector to see an across the board selloff. Smart investors, take note... ;-)
Sugar scrips witnessed a pullback from oversold zones across the board on monday ! 'Smart investors' would have made a 10% killing in one day alone ! Tuesday would be the day to watch ... and there could be renewed interest in the sector for now.
SUGAR SUGAR BABY =)) WHY PEOPLE WANA HUNT A DEAD LION ??? SIMPLY FOOLS .. SOMETHING REAL BAD WITH ALL THESE SUGAR SCRITS... WHY DNT PEOPLE WANA TRADE THIS RALLY ROCKERS .. SIMPLE PEOPLE STUCKED @ SUGAR @ HIGHEST EVER LEVELS AND DAILY A NEW NEWS FLOW @ SUGAR AND STILL TANKING... SUGAR IS DEAD AND OUT... ANY RALLY IS A TECH BOUNCE BACK... BEST EG IS RENUKA ... FROM 265-1600+ AND NOW BACK TO 500 ODD ... THATS CALLED GREAT INDIAN OPERTOR DREAM :)
Dear FCA, every sector goes through a boom & bust phase ... name one sector that hasnt seen the same. An Infosys's first public issue wasnt even fully subscribed ! Today, its the bellweather of Indian stock markets. Ditto for capital goods .. an ABB or a Siemens was languishing at ridiculously low levels in the recent past.
Till last week, everyone was ridiculing sugar scrips ... do read what I said about it three days back. 10% return on an average in two days from a dead lion ? Give me a few more dead lions, please !
Now its time to buy sugar as price are rock bottom and summmer season is aproaching. SHARBAT bhi to pina hai
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