Facor Alloys and Himachal Futuristic

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  #1  
Old 24th January 2006, 02:15 PM
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adultvish is on a distinguished road
Question Facor Alloys and Himachal Futuristic



Hi Friends

Can anysome shed some light of experience and knowledge regarding these two scripts namely Facor Alloys and Himachal Futuristic?

Himachal Futuristic Communications Ltd. (HFCL) is a B1 group security and losing volumes from November 2005 onwards. However, some significant volume is generated on NSE duirng the past week i.e. around 45 lacs. In addition to this, the support level has also been broken and the script traded at 18.00 rupee on 16th January 2005. At present the resistence level appears to be around 19.50 which unfortunately is my buying price of the script. Any insights or guidelines in this regard are most welcomed and needed.

Similarly, Facor Alloys (Thank God, I do not hold stock of this script) has shown a steaky decline during this year 2006 and is also losing volumes. Are there any chances of this stock being rejuvenated as such the volumes are still high on this script.

Thanks in advance

Adult vish
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  #2  
Old 24th January 2006, 07:13 PM
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vinayvpl is on a distinguished road
Lightbulb Re: Facor Alloys and Himachal Futuristic

Dear vish,

i do not know much about the outlook of the Himachal Ftr
but there's a simple mantra that i personally follow, if the management of and the company has a shady character or the scrip is tainted then DO NOT TOUCH THE STOCK however luring tips you may get.

And the company as far i know is the one which was involved in K10 scam and
K10 confirmed news says Ketan parekh is still haunting the market albeit in surrogate names and entities.

Thats my view which i wanted share with you

Happy investing

Regards
vinay
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  #3  
Old 25th January 2006, 06:15 PM
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adultvish is on a distinguished road
Default Re: Facor Alloys and Himachal Futuristic

Hello Dear Vinay

Thanks a lot

Adultvish
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