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Tracked by: 110 Boarders
Hello vam_aru,
It is difficult for me to digest that udayan and Mittali do not have stock holdings. Even if they might not have demat accounts in their individual names, they might have it in their family members names and must be investing. It is hard to believe that such people who are so closely associated with the stock markets and who have direct access to important stock information first hand can withhold themselves from the lure of the stock markets. But that is a debatable issue.
take care
lovemeall26...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
vam_aru
Dear Lovemeall26,
Could be !!!, but are they allowed to trade ?, I hope not, they might do it through their Proxy, not directly.
The body languages are correctly spotted.. 
Tracked by: 110 Boarders
Hello BSR,
Yes there is a possibility of renuka sinking much much lower from here because just as a bull market suprises all with over valuations, so does a bear market with massive undervaluations. If sensex does go below 8800, the recovery wont be a few months, it will be more than a year for sure. That is why I am not in a hurry to buy for my Lont term portfolio. I started from 3600 levels and next entry will be at 3000 levels.
Yes now many bad stories will come out into the open. I had warned last month only on my homepage that the secretive european banks are yet to come out in the open to wash their dirty linen and now that they are coming out, the results are here for us to see.
take care
lovemeall26...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear lovemeall26,
If you look at Renuka history before split up, the all low time during the BULLish time was below 200 level. So if someone does a simple mathematical calculation taking into account that split up, it is quite natural to expect Renuka coming below or around 20 level. :) Even technical charts suggest the same over a longer period of time unless some BULL Operator come into picture. So please keep that in mind for Renuka if Dirty Game continues.
Anyway, last week, once I square off some positions around 3600 last week with small pull ups, seeing no desire for taking Bifty UP by those BIG PLAYers, I had no choice but to go SHORT!
GAME has started getting DIRTY ever since those BS FIIs continue with MAD SELLing and Nifty entered that BEAR territory of 3690 value.
As per my BS expectation, these three weeks along with month of Novemeber / December should provide many stocks at very DIRT cheap prices if those FIIs continue with their MAD SELLing.
Meanwhile, I did some TA for a longer time period for various indexes.
If the GAME continues to GO DIRTY, then expect more worse days ahead.
--
If Sensex goes below 8800 or Nifty goes below 2600, then ppl should forget about any recovery in Indian STOCK market for a few months until those BS Big PLAYers are over with their BUYing or over with their BS stories! :)
For DOW, 7400 is the equivalent long term support!
If we look at all those 3 indexes, then we are close to LONG Term support for them all.
That is why, I believe that within 3 months, many stocks should be available at very DIRT Cheap prices. Ppl should do their HOMEWORK before putting any FRESH investments into the market!
--
Now, I read more BS stories all around. for example: IIP number is too low. Pakistan Stock Exchange is planning about CLOSURE for a month.
Gud luk & happy investing!
Tracked by: 110 Boarders
Hii lovemeall sir
I always sq off my ce and pe at the same time. Right now as i told you have 2 3600 ce 4 4500 ce and just 1 3400 pe.
Sir , i never keep hedged positions open or sq off the hedged positions first even though it kills some 2-3 k of profit but i can sleep without any tension. Thats the rule i follow. I will never sq off the pe first or keep it holding after sq off all my ce.
Even if we go back till 3600 i will earn a handsome profit including the loss in pe.
Thanks....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : lovemeall26
Hi coolboy007,
Its so dangerous trading the way you are doing - I will trade my puts at 2.45 pm ? And what if there is a small gap down in the morning and a huge rally in the afternoon. Can you imagine the condition of your put then. If you cannot follow your trade regularly, its better to avoid it and better to do delivery only. Because in futures and options, we have to wait whole day for that particular two or five minutes in a day when things change radically. That is the point where we day traders strike and make our kill. I am not saying we will surely rally tomorrow, but since we are oversold on the charts, a rally is long overdue. Max I think we can see is 3705 to 3800 this week. take care,
lovemeall26
Tracked by: 0 Boarder
I am bit afraid to write a message as I am well shaken by the magnitude of the crash and as all bearish calls turns true.I lost because of my alltime bullish thinking and were trying to find supports during this bear market.
AS we think for long term gains, India is faring better and current crash is caused purely on external factors.IMF predicts a growth of 6.9 percent even during these tough days.Chinas growth was through the special economical zones and we are in the process of setting up the SEZ.Huge investment will happen in the coming years and will boost our indusrial production during and after the investment cycle.Domestic consumption will support the economy and we will see stock indexes going up and create records in the years to come.
GOD save us all....
In reply to:
Is indian economy collapsing????!!!!
Posted by : Bull 2008
Dear marketman
It is not India but the US that is going through the worst phase after the 1930 crash it witnessed. This has led the mass exodus of dollars and FII`s from our country too, as is witnessed from rest of the world. The Indian economy stands firm even in this crisis.
The present situation is very tricky and painful for all. But the ones who are on the right side of the fall or the ones who moved out before the fall are the gainers. So the oppourtunity is huge but only for the smart ones.
Secondly this fall of the biggies bring huge oppourtunity for India in the mid and long term. None of our banks went bust, we don`t have a subprime like situation, and also we don`t have to bail out anything. We are steady on our growth path. The Nuke deal get signed soon, also still Indian firms are on the buy mode and acquiring firms from rest of the world, we still have the best GDP growth rate in the world. As and when the world realize these facts we will be the biggest benificary.
So biggest fall also opened the door for biggest gains. This is just the start of Indian emergence into big leaque of developed world.
Regards
Tracked by: 110 Boarders
i feel nifty may touch 3550-3650 in 1-2 days but after that again decline will start towards 2900-may be with in this week.
this is my view it may go wrong also
regards
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Hi SANJU,
I cannot say anything about intra=day rallies but on Monday
Nifty may touch 2970 sometime during the day and may be lower
later
Tracked by: 1 Boarder
In India, as on date, deposits with scheduled commercial banks (SB,Current, RD, FD) have deposit insurance cover upto Rs.1 lac (free of cost to account holders) and the banks pay the premium. BUT, Rs.1 lac insurance, covers all deposit accounts (incl.interest) AND, THAT TOO, AGGREGATE OF DEPOSITS IN ALL BRANCHES OF THE BANK. Hence, if one wants to have full safety for the deposits, they cannot keep more than Rs.1 lac in ANY single bank. Given the current crisis, and that India is one of the few countries where domestic saving is high, and a large percentage of population is senior-citizens who meet their daily needs out of interest income, it is high time that Indian Govt. raises the deposit insurance cover to atleast Rs.10 lac immediately. This will give immediate assurance to the public in general. Otherwise, one can see in the days ahead, public going in for splitting deposits from existing single bank, and depositing smaller sums in many banks. ...
Tracked by: 110 Boarders
dear hln,
2004 and 2006, also 2006 feb are all not bear market
they are all corrections. bear markets once in 8yrs cycle means after 92 2000 after 2000 it is 2008 next one may be around 2016
thanks...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear pranvpichu,
Your observation that Bear market always runs for 2-3
years seems to have no basis. Look at the following facts
relating to bear markets in India:
April 1992 to April 1993: 12 months, correction 56%
January 2004 to May 2004: 5 months, correction 32%
May 2006 to June 2006: 1 Month, correction 31%
Hope you will re-think about your hope.
Good luck
Tracked by: 110 Boarders
Just for info
--
Pakistan’s Economy on the Brink of Collapsing
Staff Report
12 October 2008
DUBAI — The economy of India, and Pakistan, were booming at par sometime ago. But Pakistan’s sudden economic breakdown is more noticeable in the recent time, considering that it may not have as strong fundamentals as neighbouring India.
The financial crisis the world over may have little impact on Pakistan’s economy, but the country now virtually on a brink of collapse is seeking emergency monetary assistance to save it from a certain devastation.
A forum called ‘Friends of Pakistan’, which was launched in New York during the visit of President Asif Ali Zardari to assist the country by raising billions of dollars to stop it from failing economically, would be meeting soon in Abu Dhabi this month to decide an economic package for Islamabad.
The forum includes the United States, United Arab Emirates, Canada, Britain, Germany, France, Japan, China, Italy, Australia, Saudi Arabia and Turkey.
Such is the economic turmoil in Pakistan that it’s inflation has shot up to 25 per cent, and forex reserves are plunging to an all time low. With a total of USD8.1 billion forex by September, the real reserves are estimated to be just USD3 billion after accounting future liabilities.
Reports suggest that it is barely enough for Pakistan’s one-month imports, and if assistance is not provided immediately, the situation would turn for worse. There is a huge gap of USD7 billion to cover in a projected current account deficit of USD14 billion for the financial year ending June 30, 2009.
The rating agency Standard & Poor has cut the rating on Pakistan’s sovereign debt rating to CCC+, which is barely above the default level.
Currently, Pakistan’s foreign direct investment is projected to fall USD3-3.5 billion this fiscal compared to USD5.15 billion in 2007-08. Noticeably, Pakistan’s economy recovered spectacularly from the impact of the post-1998 nuclear test sanctions that were done in reaction to India conducting nuclear tests at Pokhran.
After 9/11, the US helped Islamabad generously. More and more foreign assistance, and fresh access to global markets and IMF-approved reforms helped Pakistan come up economically after it pledged joining Washington’s war on terror with the initiative of former President Pervez Musharraf.
But, post Musharraf, things are looking drastically different. Pakistan’s economy has been on one continuous ride downhill, and it is now staring at the possibility of defaulting on its foreign debt obligations, financial experts tell Khaleej Times.
--
Gud luk & happy investing!...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear lovemeall26,
If you look at Renuka history before split up, the all low time during the BULLish time was below 200 level. So if someone does a simple mathematical calculation taking into account that split up, it is quite natural to expect Renuka coming below or around 20 level. :) Even technical charts suggest the same over a longer period of time unless some BULL Operator come into picture. So please keep that in mind for Renuka if Dirty Game continues.
Anyway, last week, once I square off some positions around 3600 last week with small pull ups, seeing no desire for taking Bifty UP by those BIG PLAYers, I had no choice but to go SHORT!
GAME has started getting DIRTY ever since those BS FIIs continue with MAD SELLing and Nifty entered that BEAR territory of 3690 value.
As per my BS expectation, these three weeks along with month of Novemeber / December should provide many stocks at very DIRT cheap prices if those FIIs continue with their MAD SELLing.
Meanwhile, I did some TA for a longer time period for various indexes.
If the GAME continues to GO DIRTY, then expect more worse days ahead.
--
If Sensex goes below 8800 or Nifty goes below 2600, then ppl should forget about any recovery in Indian STOCK market for a few months until those BS Big PLAYers are over with their BUYing or over with their BS stories! :)
For DOW, 7400 is the equivalent long term support!
If we look at all those 3 indexes, then we are close to LONG Term support for them all.
That is why, I believe that within 3 months, many stocks should be available at very DIRT Cheap prices. Ppl should do their HOMEWORK before putting any FRESH investments into the market!
--
Now, I read more BS stories all around. for example: IIP number is too low. Pakistan Stock Exchange is planning about CLOSURE for a month.
Gud luk & happy investing!
Tracked by: 0 Boarder
Large sums of money of Indians is with swiss banks. Also, resident Indians have huge unaccounted wealth. Further, Know-Your-Customer (KYC) norms have made liqudity in the system tight. Given the current crisis, should Indian Government amnesty scheme, like Bearer Bonds etc. WITHOUT any legal hassle (and without any loophole given to the taxmen to harass) to the Indians having black money? ...
Tracked by: 0 Boarder
Well forget Dow for low tech booms and high tech booms, look at Nikkei of 1990`s, look at Nasdaq of 2000`s for high tech booms, and also if u are not forgetting I had posted a message over here about the Japanese deflation and said that we might be replicating the same, u too had posted ur view on the same. Also if VipulBhai is reading this I had said to him when sensex was close to 15k `regarding his statement of mother of all bull runs` that let first 12 k come to see a mini bull run from 12k to 15K and then 8k to come to see a mother of all bullruns but albiet a short one ending at 12k, so well now close to 9k might be a short term bottom which wud target 12.5 k as fast as it can to say that it is a mother of all bull runs, we might even get an upper circuit which one of our boarder here had desired, but then we wud be starting time wise correction (which might run a decade or too) wherein the sensex might trade first 8K to 14k then 6K to 12K and lastly 4K to 10K. Next bull run doesnt seem to start before 30 - 40 yrs....
In reply to:
For Monday October 13th
Posted by : radhika_nandlal
In most recessions DOW has touched close to 50% lows from peaks and 7000 may be a bottom but in the financial sector collapse during the 1930s DOW touched almost 89% lows.. yes.. take a look at the following data
Great depression 1929 to 1939 marked by banking collapse
DowJones lowest at 41.22 on July 8, 1932
DowJones Highest at 381.17 on September 3, 1929
Dowjones Average being 150.83
NOT TO SCARE YOU GUYS lol
Of course you cannot compare the low tech 1930s with the high tech but 2008, but high tech can cause more serious problems. LOL
Tracked by: 0 Boarder
Dear marketman
This poison seems to have spead way beyond we thought. This may lead the systemaic faliure of not the bank but also weak economic`s. It would be a bullish idea if it settles.
Regards ...
In reply to:
Alround panic ahead !!!!
Posted by : marketman
Now,the Poison is being spread among all,it looks like things are not going to settle in a hurry....
Tracked by: 110 Boarders
Dear Lovemeall26,
Could be !!!, but are they allowed to trade ?, I hope not, they might do it through their Proxy, not directly.
The body languages are correctly spotted.. ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : lovemeall26
Hello pkjattking,
Its simple to calculate then. Udayan must be long in his positions and Mittali must be short. Hence, the respective body language of both of them.
lovemeall26
Tracked by: 0 Boarder
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....
In reply to:
ICICI BANK COLLAPSE IS THE TIP OF ICEBERG
Posted by : aahoo
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
Tracked by: 0 Boarder
Dear investor11
The pain has just started to show and the end of this pain can only be a disaster. Time when the blue chips will fall the maxmi.
Cheers...
In reply to:
Meyhem in the Market what Next?
Posted by :
investor11
We have been seeing meyhem in the stock market across the globe for the month or so we has accentuted in the last week ,and last week has gone with bad memories for investors across the globe.
Would next few days would bring some respite everyone asking,and no one has the answer.
We must understand that this has not happend in one day ,just 10 months before we were dancing and having feel good factor at Sensex 21000.
Many of us caught at very wrong foot when we presumed at 15500 is fair valuation for the market and bought good quality stock.
Now the most of the bad newses are factored in to the market and down side risk are limited for sure.
that does not give any hope as we are caught even with good stock at bad price now they have fallen so much that they would take very long time to recover and by than Sensex again would be at the level of 15000.
Ultimately it is very bad game going on around where investors are taken up of ride and either it is upward jorney or downward they are caught at the wrong foot.
Story does not end here irrespective of other investment modalities they always suffer,mutual fund NAV is falling ,Gold shows psyschophrenic behavior,commodity we dont understand much,bank deposits fears looms around of bankrupcy even for the bank like ICICI.
Now it is prudent for the people at higher level to the best in the larger interest of more than 2 crores small investors of the country.
How we are caught to give you example
that how the blue chips have fallen in this carnage
TISCO now at 290
Telco 290
Icicibak 360
Aban 1100
TCS 525
RCOM 230
DLF 270
Imagine all these stocks were baught when SEnsex was at 15000
It is very difficlt to predict that even at 15000 in future which may be a year aprt they would reach to same level.
Please share ur experiences.
Tracked by: 0 Boarder
We have been seeing meyhem in the stock market across the globe for the month or so we has accentuted in the last week ,and last week has gone with bad memories for investors across the globe.
Would next few days would bring some respite everyone asking,and no one has the answer.
We must understand that this has not happend in one day ,just 10 months before we were dancing and having feel good factor at Sensex 21000.
Many of us caught at very wrong foot when we presumed at 15500 is fair valuation for the market and bought good quality stock.
Now the most of the bad newses are factored in to the market and down side risk are limited for sure.
that does not give any hope as we are caught even with good stock at bad price now they have fallen so much that they would take very long time to recover and by than Sensex again would be at the level of 15000.
Ultimately it is very bad game going on around where investors are taken up of ride and either it is upward jorney or downward they are caught at the wrong foot.
Story does not end here irrespective of other investment modalities they always suffer,mutual fund NAV is falling ,Gold shows psyschophrenic behavior,commodity we dont understand much,bank deposits fears looms around of bankrupcy even for the bank like ICICI.
Now it is prudent for the people at higher level to the best in the larger interest of more than 2 crores small investors of the country.
How we are caught to give you example
that how the blue chips have fallen in this carnage
TISCO now at 290
Telco 290
Icicibak 360
Aban 1100
TCS 525
RCOM 230
DLF 270
Imagine all these stocks were baught when SEnsex was at 15000
It is very difficlt to predict that even at 15000 in future which may be a year aprt they would reach to same level.
Please share ur experiences....
