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Reliance Petroleum
Indian stocks dancing to global cues
Posted by :
Sunny_ChopraTracked by: 0 Boarder
Everyone will be impacted now as this is a very serious global horror show. The world economy led by US has sunk into a recession. We`re in the middle of a very dark tunnel. cracks are quickly adding up.
DOW went below 9000. You will see SENSEX below 10,000 very soon. Dow falls more than 660 points to trade below 9,000 in late afternoon sell-of.
The selloff came as Standard & Poor`s Ratings Services put GM and its finance affiliate GMAC LLC under review to see if its rating should be cut. GM has been struggling with weak car sales in North America.
The action means there is a 50 percent chance that S&P will lower GM`s and GMAC`s ratings in the next three months.
General Motors Corp. led the Dow lower, falling about 30 percent.
Sunny!...
In reply to:
Indian stocks dancing to global cues
Posted by :
IT_Bulls
Portfolio Manager PN Vijay feels it’s difficult to say if there is more bad news today. “We have been dancing to global cues for the previous one month. Hopefully, these cues will play themselves out soon,” he says.
“Domestically, things look much better now with inflation lower than previous levels and interest rates likely to come down in about two months,” Vijay said.
“The package got passed on Friday and that is also good news. Economically, India is the least affected by the developments in the US". 
awaiting for a surprising rally - Be and make
Posted by : kaliniwasTracked by: 0 Boarder
Dear manju berlin
Rpl has strong support at Rs.115-116 and if this above support is broken it will get next support at Rs. 95-96. Why the stock is not crushed like others is a very intrguing question. I guess the stock is now in the hands of purely investors or in very strong hands in bulk.They donot bother to sell the stock unless they see how their dream (RPL stocks) gets into materialised beating the market even in this bear phase when the company commissions full production.perhaps this psychology prompts the investors not to react corresponding to market situation.God knows whether it touches Rs.71 or fall belows
its IPO price is not a matter of concern. A pragmatic investor should always invest by phases even on rise or decline of the stock.
Posted by: kaliniwas...
In reply to:
awaiting for a surprising rally - Be and make
Posted by : manju_berlin
I would be thankful if you can explain little more about it. I am only one 8months old in this Bull and trapped in it.
One more thing I did not understand is why Chevron need to hike the stake before mid 2009 and If they sell than it will be only to RIL @Rs60
Thanks in adv
WILL RPL GO DOWN FURTHER
Posted by : GuestTracked by: 0 Boarder
Be and Make Sir,
I am having RPL 1000 at 179. Should I sell at 120 to buy back at lower levels say 70 or so to make a profit....
RPL target price after 2-3 years
Posted by : GuestTracked by: 0 Boarder
Hello,
Can anybody estimate RPL target price after 2-3 years and after 5 years?
- Santosh...
awaiting for a surprising rally - Be and make
Posted by : manju_berlinTracked by: 0 Boarder
I would be thankful if you can explain little more about it. I am only one 8months old in this Bull and trapped in it.
One more thing I did not understand is why Chevron need to hike the stake before mid 2009 and If they sell than it will be only to RIL @Rs60
Thanks in adv...
In reply to:
awaiting for a surprising rally - Be and make
Posted by : Be and Make
Dear manju – Nothing will happen to the share holders/price of the RPL. Chevron should sell its 5% stake to RIL promoter at the price of IPO (i.e., @60/-) if chevron not willing to hike its stake (before the mid 2009)
You may be well known that RIL promoters offloaded the 4% of their holdings @224/- in oct07, do you know the logic behind that?
With thanks
Be and make
Relief Rally
Posted by :
yagneswarTracked by: 0 Boarder
Its very much possible. In any case 71 is the mouthwatering level. If you incur loss even after that God alone can guarantee our money...
In reply to:
Relief Rally
Posted by : avrochan
I am very suspicious on 2 stocks, RPL and Powergrid - During this blood bath these are not corrected and we do not know the brains behind its current strength. Most of the value stocks are seen falling like thundering storm. Let us not take a full confidence, as nothing is spared. I am holding 1000 RPL at 67 Rs. since 2005, never sold. If it falls back to 2005 levels, then I will accummulate another 1000 pcs. Now with any new news, the market raises few hundred points and within hours, profits are taken and butchered back to red. I am sure powergrid will have a sudden crash in coming days in tandem with market, RPL has possible chances of hitting a 71. I feel looking at the current global scenario, there is a possible washout again with nifty breaking 3000. US rate cut is nothing in this market explosion. 700 billion, where is the money, what is the source to pump into system; Japan fell 10% in a day, Arab world hit severely, Europe is falling - so who will be spared, unless there is a miracle. When the Index was at 14000 I entered in Adlabs, a very powerful media stock - I lost more than 50%. Now at 11,000 - who knows the index will not eraze another 3000. So everything is unpredictable. I see all Ashwini Gujral`s supports washing out more than 50% from the given support level. Unless there is anything concrete globally, my view is not to enter at these levels. =Avro C.=
Cues from FnO: Short term bounce?
Posted by : vkk43Tracked by: 2 Boarders
Thanks for this msg. Market is still not out of the woods....
In reply to:
Cues from FnO: Short term bounce?
Posted by : sankarcj
Technical analyst C.J.Mathews Sankarathil,MBA told the media that the Indian economy is strong,He requested to belive Indian Finance Minister and the Reserve Bank of India. India have acchived the N-Deal, Inflation coming down, Growth rate(GDP) will stay around 8%. Reliance had started crude production.Huge natural gas reserve in K.G.Basin. RPl will start production from December.Tata found out new place and will start production in Time. The quarter results of Infosis will be more better than you expect.it is the time to cheer up he added. Stocks are at reasonable price at your door step. You keep on investing for long term. Day trade may be avoided upto December 31st. He advised....
Cues from FnO: Short term bounce?
Posted by : sankarcjTracked by: 2 Boarders
Technical analyst C.J.Mathews Sankarathil,MBA told the media that the Indian economy is strong,He requested to belive Indian Finance Minister and the Reserve Bank of India. India have acchived the N-Deal, Inflation coming down, Growth rate(GDP) will stay around 8%. Reliance had started crude production.Huge natural gas reserve in K.G.Basin. RPl will start production from December.Tata found out new place and will start production in Time. The quarter results of Infosis will be more better than you expect.it is the time to cheer up he added. Stocks are at reasonable price at your door step. You keep on investing for long term. Day trade may be avoided upto December 31st. He advised....
...
In reply to:
Cues from FnO: Short term bounce?
Posted by : vkk43
You are quite right. Refining margin has come down sharply and so also the oil price. Weakness in RPL is not yet over and it would continue so long as the market conditions are weak.
Cues from FnO: Short term bounce?
Posted by : vkk43Tracked by: 2 Boarders
You are quite right. Refining margin has come down sharply and so also the oil price. Weakness in RPL is not yet over and it would continue so long as the market conditions are weak....
In reply to:
Cues from FnO: Short term bounce?
Posted by : Be and Make
Dear IT bull – Previously you are repeatedly saying that at the time of production RPL will touch 1000+ mark, but it is not happened so far. In its life time RPL may not touch the 1000+ level (even sensex is at 35000.)
Here the problem is not only with the financial crisis globally but here the problem is with the refining margins.
As per some informed news, in Q2 globally refining margins are at 15 year low globally and will further dip in Q3.
So, I conclude that we are in the financial crisis. That is not as easy as you are thinking at this point of time.
Just go through my previous messages, they tell the facts.
With thanks
Be and make
Cues from FnO: Short term bounce?
Posted by : vkk43Tracked by: 2 Boarders
Of course the situation is pretty serious and it will take a while before the dust settles down....
In reply to:
Cues from FnO: Short term bounce?
Posted by : mars attack
dear be and make i think the situation is pretty serious than we all thought.according to my view the selling cannot be stopped unless solid cash is pumped into the system.i mean the 700 billion is not enough and you strong measures taken by all the world leaders because this has been spread from us to eu and now asia.
TRUST ME, NO NEED TO SELL IN PANIC : C.J.MATHEWS SANKARATHIL, MBA
Posted by : sankarcjTracked by: 0 Boarder
Technical analyst C.J.Mathews Sankarathil,MBA told the media that the Indian economy is strong,He requested to belive Indian Finance Minister and the Reserve Bank of India. India have acchived the N-Deal, Inflation coming down, Growth rate(GDP) will stay around 8%. Reliance had started crude production.Huge natural gas reserve in K.G.Basin. RPl will start production from December.Tata found out new place and will start production in Time. The quarter results of Infosis will be more better than you expect.it is the time to cheer up he added. Stocks are at reasonable price at your door step. You keep on investing for long term. Day trade may be avoided upto December 31st. He advised....
Sensex fall will be limited No need for panic selling:C.J.Mathews Sankarathil,MBA
Posted by : sankarcjTracked by: 0 Boarder
Technical analyst C.J.Mathews Sankarathil,MBA is on the views that there is no use in panic selling. Markets will cool down, All central Governments are acting according to needs. Time of Great depression is not here.Only some ression holding allround the world. But the medias and panic retailors pullsdown the market so much. e is so positive on Indian Market conditions. Mr.C.J.mathews Sankarathil,MBA sees the bottom to limited level.The last bottoming level will be in this month itself. November may be a month of cooling down. December onwards we will see an upward trend....
Relief Rally
Posted by : avrochanTracked by: 0 Boarder
I am very suspicious on 2 stocks, RPL and Powergrid - During this blood bath these are not corrected and we do not know the brains behind its current strength. Most of the value stocks are seen falling like thundering storm. Let us not take a full confidence, as nothing is spared. I am holding 1000 RPL at 67 Rs. since 2005, never sold. If it falls back to 2005 levels, then I will accummulate another 1000 pcs. Now with any new news, the market raises few hundred points and within hours, profits are taken and butchered back to red. I am sure powergrid will have a sudden crash in coming days in tandem with market, RPL has possible chances of hitting a 71. I feel looking at the current global scenario, there is a possible washout again with nifty breaking 3000. US rate cut is nothing in this market explosion. 700 billion, where is the money, what is the source to pump into system; Japan fell 10% in a day, Arab world hit severely, Europe is falling - so who will be spared, unless there is a miracle. When the Index was at 14000 I entered in Adlabs, a very powerful media stock - I lost more than 50%. Now at 11,000 - who knows the index will not eraze another 3000. So everything is unpredictable. I see all Ashwini Gujral`s supports washing out more than 50% from the given support level. Unless there is anything concrete globally, my view is not to enter at these levels. =Avro C.=...
In reply to:
Relief Rally
Posted by : mano
Market may see some sort of relief rally soon. Sensex expected to reach 12000 to 12500 RPL could test 139 this might be a good chance to cash in to for buying at lower level.
SUPPORT, RESISTANCE levels for TODAY
Posted by : DUstocksTracked by: 0 Boarder
As per the latest Speed of Trend (SOT) analysis, RPL is already OVERSOLD on RSI. Possible buying opportunity.
SUPPORT & RESISTANCE LEVELS for TOMORROW, Friday, 10th October, 2008 :
R3 R2 R1 P S1 S2 S3
133.06 128.53 125.46 120.93 117.86 113.33 110.26
NIFTY SUPPORT & RESISTANCE LEVELS for TOMORROW, Friday, 10th October, 2008 :
R3 R2 R1 P S1 S2 S3
3910.50 3757.45 3635.55 3482.50 3360.60 3207.55 3085.65
Please don`t interpret SOT figures in ABSOLUTE terms for setting up your trades, use them only for general directional guidance - all at your risk & responsibility of course. If you do not understand what SOT projections are all about, just ignore this post, rather than setting up your trade upon something you know nothing about.
...
Relief Rally
Posted by : manoTracked by: 0 Boarder
Market may see some sort of relief rally soon. Sensex expected to reach 12000 to 12500 RPL could test 139 this might be a good chance to cash in to for buying at lower level. ...
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