Reuters
Get it now Sun Oct 12, 2008 11:26am IST
Overnight Indian interbank interest rates jumped to a 19-month high of 23 percent on Friday, more than double the RBI`s own short-term lending rate of 9.0 percent.


WHAT WE CAN INFER FROM HERE IS IT IS AN INDIRECT MEASURE TAKEN BY GOVT. TO BAIL OUT ICICI.

aahoo

By all corcumstance it can be infered through interbank bowrrowing at higher level interst rate ICICI is able to maintain its liqidity as rumour about this bank is seen. Is it possinble by the ICICI bank to give clarifiactions with this regard....

Dear boarders

If I were the man who controls the stock market, on hearing the rumours will ban shorting in ICICI bank shares and impose 5 or 10 LC so that the counter may not be in the hands of the speculators and the manipulators. But the people who are in the helm of affairs, I suspect, acted in tandem with them and sold the investors confidence.

aahoo...

DEAR BOARDERS

Knowledge about any problem or felt difficulty may be optained through FOUR ways

1. Method of Tenacity
2. Method of Authority.
3. Method of Intuition.
4. Method of Science.

Method of tenacity is based on beliefs. Beliefs are universal truths. USA is big boss and he may not fail is the belief. This statement is repeated from WW1 and it becomes truth and is believed by all. Now there is a ? mark for this belief. ICICI bank is the second largest bank in India and it can not fail is the belief. It fact is repeated time and again by ICICI chairman, FM, SEBI chairman and GOV. RBI. Here method of science fails to give us answer towards the problem which we are facing now.

Method of Authority is more reliable than that of the Method of Tenacity. The authorities FM, Chairman of SEBI, Vice-Chairman Planning commission, Governor RBI and the Chairman ICICI bank are giving statement. Even issue of statements, clarifications ICICI shares are down 20% closing. Here we are not able to get answer or solution for the problem that we are facing now.

I want to discuss about Method of Intuition later after discussing about the method of Science. In method of science we try to find answers through systematic observations and experiments with appropriate controls. TA is a way of scientific method. It clearly shows that there is problem with ICICI shares and they predict that it will still go low. One of the many functions of method of science is to prediction of the future.

Now concentrate about Method of Intuition. It agrees with reason and not necessarily with experience.

ICICI bank and rather the Indian stock market can now only be solved by this method of intuition. I suspect that ICICI bank had approached the Indian govt. for its difficulties. That is the only way-out for this bank if the rumours are true. The Govt. I reasonalise is also intent to safeguard the bank. I was surprised the see the announcement of 150 point CRR cut. This is the TIP OF THE ICEBERG. On the announcements the public sector banks strong and in fact 2% upside is seen in SBI. But private banks tanked and are the major losers. But under normal condition they should have also been strong. Let us view the matter in different angle. Suppose if there is no announcement regarding the CRR rate reduction what will be the fat of the private banks.

I have every reason to believe that the sudden announcement has some interior motive. It is intended not to stabilize the market. In the near future the FM, Gov. RBI and other owe an explanation to the country. Even under the present condition people are prepared to sell our country. Fortunately as Parliament election are due India may escape from these sellers.

FUTURE EVENTS WILL BRING OUT THE CULPRITS AND THEIR INTENTIONS

aahoo
...

It is apparent someone or many are selling ICICI. WHY? In stock market in the long run the rumours become true. Earlier there was a rumour that promotors are selling ICICI shares. Some of my friends even bought ICICI shares. It looklike that FM, SEBI, RBI are helping the punters and promotors to sell and asking the retail investors to buy. SEBI should provide data regarding ICICI share holding pattern on daily basis. That only will remove the fear among investors. People are only talking about liquidity position not about the bank balence position. Something is fishy. I want the rumours to be false as my banker is ICICI. I was comitted to this bank either it fail or succeed.

aahoo...

HLN

In your time of glory you have to be careful. It happens when one was prised time and again for their success, sooner or later it is the time for them to become ZERO. It is quite natural that you feel like god. If you predict things without logic suddenly you will be treated like ZERO instead of HERO. Market is crucially poised. TA may not be applicable at present. Breakout is immenient. People in the helm of affairs are agressive to redeem the present position. Market is here after will be based on sentiment rather than TA. Within minute sentiment may change from worst to goood. I assume that hereafter there is no risk for the investors. For brave hearts this is the time to go for long for unlimitted profit.

aahoo...

Dear HLN and novice

If you both compliment each like this for the market crash one day the market will not be there and along with MMB will not be here. you have to find some other place to mutually interact. I see no reason for congraduation for the market crash. It is .............. attitude.

aahoo...

Dear marketman

It seems to me that Indian economy is not collapsing. Now it is the big guys in Indian corporate world is collapsing the Indian ecomomy. There is to believe that FLLs sell out. If the data regarding the trading pattern is revealed some truth will emerge. The collapse of this week orchestrated not by the FLLs but by the DII and majority of the promotors. They are trying to harvest amist choas. Until now they have some faith on Indian economy. Suddenly it appears to me that they lost faith in Indian growth story and let India fall along with the economic crisis. No such crisis is visiable in India. Except IT industry where there may possibility of stunted growth all other sectors are in good shape. Reality may like subprime problem see weakness, if IT industry goes for layoff or employment. The IT growth is one of the reason for reality boom in India and if it fails natually reality will be affected. One have to wait for the next cycle. Metal, sugar story also look weak. But in other sectors Indian growth story is intact and one need not to afrid to enter at current level. Do not hear the words of the experts. The are too smart and may not resort to "method of intution" under the present condition. Layman can win under the present contion than that of the expert/professional....

Reuters Get it now Sun Oct 12, 2008 11:26am IST Overnight Indian interbank interest rates jumped to a 19-month high of 23 percent on Friday, more than double the RBI`s own short-term lending rate of 9.0 percent. WHAT WE CAN INFER FROM HERE IS IT IS AN INDIRECT MEASURE TAKEN BY GOVT. TO BAIL OUT ICICI. aahoo By all corcumstance it can be infered through interbank bowrrowing at higher level interst rate ICICI is able to maintain its liqidity as rumour about this bank is seen. Is it possinble by the ICICI bank to give clarifiactions with this regard....

Dear boarders If I were the man who controls the stock market, on hearing the rumours will ban shorting in ICICI bank shares and impose 5 or 10 LC so that the counter may not be in the hands of the speculators and the manipulators. But the people who are in the helm of affairs, I suspect, acted in tandem with them and sold the investors confidence. aahoo...

Bank is on verge to collapse. move your cash out . custmercare has been closed down.they are not responding to query/divergences. team coo of cutmercare has been closed down. employee are searching new jobs so they don`t entertain customer at all so is custmercare. these are visible sign. one should understand state of affair of icici....

dear aahoo, I am sorry if my msg did hurt anybody. regards...

DEAR AAHOO... hope u r seeing my target of 3200 instead of ur target of 5396??????? ha ha ha... lol... ...

Please read as thank you friends(HLN, RN, vkk43, DUstocks, osteoporus, sp.pal and my dear favorite pranky)...

Dear aahoo, FIIs will not EXIT the market COMPLETELY! Those FIIs are into Indian market for Long Term and for making MONEY! Those FIIs have realised that they can MINT a lot of MONEY from Indian Market in FUTURE and Long term! That is why, those FIIs are not finding other markets like B R C attractive in spite of OVERWEIGHT rating! :) Those FIIs would like to BUY the same stocks that they have SOLD around 21000 at lower prices by creating different BS stories mechanisms! Those FIIs are waiting with piles of money that they have made! This is normal part and parcel of the GAME in stock market! :) For FRESH investment, do some Homework as Game has already started getting DIRTY once Nifty went below 3700. Gud luk & happy investing! :)...