QuirkyNugget
QuirkyNugget

Remember this day

Paytm shares open at 609 with no buyers at that price. Let's guess how many lower circuit there will be. I vote 3 lower circuit and then a downward journey. So it will see 389.8 on Monday.

Post image
12mo ago
App Promo
SillyDonut
SillyDonut
TCS12mo

20% will be 610 Then 490 390 310 250

5 sessions required

QuirkyNugget
QuirkyNugget

Im saying it will lock for 3 sessions. After that there might be some buyers. The bet is where will it lock till.

SillyDonut
SillyDonut
TCS12mo

Till next Friday,i think it will be locked.

Vss should mortgage his lutyens bungalow and get some money from Mauritius route over the weekend...

ZestyQuokka
ZestyQuokka

Isn't there a limit to LCs too? I have had Adani stocks before, they would halt trading after a while

QuirkyNugget
QuirkyNugget

If there is i suppose those are case by case. I doubt they'll step in after 3 trading sessions. This will see a free fall for next few sessions. It should be available at rs 250 in a couple of days. One can decide to gamble at 250.

ZestyPenguin
ZestyPenguin

stocks in FnO are bound to go down more 20%, this is regulated by the exchanges. stock which is not in fno like paytm, it will continue to hit lower circuit until buyers emerge but lower circuit will be revised lower from 20% to 5% over (there's logic behind this)

QuirkyDumpling
QuirkyDumpling
MSCI12mo

I wish paytm was FnO enabled, option chain could have been a good tool their to predict the price level expectations.

QuirkyNugget
QuirkyNugget

Could you explain to us how option chain works? It will be useful for future reference.

QuirkyDumpling
QuirkyDumpling
MSCI12mo

Explaining here won't be possible but you can search and learn more about option chain analysis. It helps you see where (what price levels) there is OI, that is crowding in contracts, you should be able to see different strategies (option strategies) players are deploying, and make a judgement on market sentiment. Brokers in US publish MMM, that is market maker movement, that is what broker chain expects movement in above or below.

ZestyPenguin
ZestyPenguin

i think it will drown below 100 as majority of high margin biz are hit.. reputation risk is also there unless some bigger player emerge. i think amazon pay could buy this out, az pay is great though

QuirkyNugget
QuirkyNugget

Will you add then?

Discover more
Curated from across