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.
SabChangaSi
Stealth
8 months ago
Im saying it will lock for 3 sessions. After that there might be some buyers. The bet is where will it lock till.
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...
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BiryaniEnthu
Stealth
8 months ago
Isn't there a limit to LCs too?
I have had Adani stocks before, they would halt trading after a while
SabChangaSi
Stealth
8 months ago
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.
dlfcybercity
Stealth
8 months ago
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)
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I wish paytm was FnO enabled, option chain could have been a good tool their to predict the price level expectations.
SabChangaSi
Stealth
8 months ago
Could you explain to us how option chain works? It will be useful for future reference.
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.
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dlfcybercity
Stealth
8 months ago
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
SabChangaSi
Stealth
8 months ago
Will you add then?
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by Sherlock007
TCS
NSE changed Paytm Lower Circuit to 10%
Tomorrow's price 438
Stock exchanges BSE and NSE have revised the circuit limits for Paytm parent company One97 Communications following a steep price crash caus...
https://economictimes.indiatimes.com/markets/stocks/news/exchanges-lower-paytms-circuit-limits-to-10-after-price-crash/articleshow/107398872.cms
