Reliance Petro has come down below 80% of the F & O Limit and is out of Ban for November Series. Interestingly, Reliance has made 4% stake sale ( 18 Crore Shares) of Reliance Petro on Friday, for a sum of 4023 crores rupees to Institutional investors which works out to 223 Rs per share.
I had said in my comments on Friday to watch out for RPL in coming days as it was about to get out of F & O ban. Now see where the stock opens on Monday and how it zooms......
GMR Infra is now in F & O ban and so the stock should be subdued till it comes out of the F & O ban or till the December series starts on Friday.
Saturday, November 24, 2007
Reliance Petro Out of F & O Ban
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5 comments:
Hello Sri,
Glad to msg again i'm seriously watching your comment's daily, You are saying that F & O What it means and how it affect's the share's. what about the GMR is it possible to go down, After this I got 15 shares of Munthra port what's your openian can i hold the stock or sell it on listing date give me a suggesion
Hi Sarvanan,
F & O is futures and options where a select set of stocks are traded. Unlike Equity, stocks bought in F & O are settled at every last thursday of the month. Each Stock traded has a fixed lot size and one needs to buy or sell in lot sizes. For example Rel Petro has lot size of 3350 shares.
The exchange also puts a limit on number of contracts that can be traded in F & O for each stock based on the availability of shares in equity.
Once 95% of limit is reached for a stock in futures, no fresh trades will be allowed. The stock is banned for further trades till the limit comes down to 80% or below again.
When a stock is banned in F & O, it gets stagnant or some profit booking is seen and this effects its price in equity as prices for a stock in equity and F & O follow one another.
It is difficult to explain F & O through my precise comments but I hope you get something on this :)
Hi Sri,
Which are the companies that are going to announce bonus shares in the coming months.Please advice.
thanks srii ... i am long term investor ..all my portfolio is based on the shares that u have recommended ... nd i must say i am not a wee bit dissapointed... must say ur advice and stock calls are simply superb..
Again thanks
Hi Srikanth,
Like everybody, I must also thank you for giving your suggestions & advices for trading...as recommended by you I have got noida toll,GMR,Teledata..& made some profits as well.
But I have got Infosys(@1944), Bartonics(@253), TCS(@1085), Ranbaxy(@440), ACC(@1140), & Rel Pet(@220)....in my portfolio which are running in negatives...Please suggest what to do with them?
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