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Tracked by: 109 Boarders
Dear Knair,
You are right when you are making a journey there might be a little bit delays and some minor or major interuptions, but the journey has to go forward, even the markets pull back but ultimately the direction will be up....
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
knair
Dear HLN,
You proved to be correct when you said that nifty will go down to 3600 and that too when it was at its top level. I appreciate it not becoz it fell but the way you stood with it till now.
I am a believer of law of averages. Technical and fundamental languages I don`t understand well. I follow a path pratically visible. It doesn`t mean you experts are unwelcome. There are more than 6000 stocks are available in the mkt. Millions of people invest in them. Majority of them do not know the language you experts speak. And 70% of them may not be looking into F&O, including me. Khel yahan tho us ka hi hai.
When I say law of averages, I mean ups and downs of the mkt. If it goes up, certainly it is going up from a low, so that the ladder is clearly visible. Moving up is a beautiful sight and everybody enjoys it. We certainly forget the rules here. When the up is standing on an unsound low base, it has to fall. Gravitation is more powerful, so the fall is uncontrollable. And finally we are at low again. We lie down for some time. When the pain is reduced, we start moving. Stagnation is not the sign of life. When flow starts, we will enjoy it again.
In simple, it means that this ups and downs will continue to happen and it is the nature of life. So is the mkt too.
knair 
Tracked by: 0 Boarder
will indian bse sensex go down to 10000 level...
In reply to:
Asian markets plunge; Hang Seng, Nikkei down over 4.5%
Posted by : MMB Messenger
Asian markets were tarding lower. China's Shanghai Composite lost 2.49% or 53.82 points at 2,104.01. Hong Kong's Hang Seng plunged 4.72% or 793.85 points at 16,009.91. Japan's Nikkei tumbled 4.54% or 460.78 points at 9,695.12. Singapore's Straits Times fell 2.97% or 64.58 points at 2,112.97.
Tracked by: 0 Boarder
Asian markets were tarding lower. China's Shanghai Composite lost 2.49% or 53.82 points at 2,104.01. Hong Kong's Hang Seng plunged 4.72% or 793.85 points at 16,009.91. Japan's Nikkei tumbled 4.54% or 460.78 points at 9,695.12. Singapore's Straits Times fell 2.97% or 64.58 points at 2,112.97....
Tracked by: 109 Boarders
Stupid decision of disallowing short selling in US is preventing even a short covering rally from happening. Its a one way down traffic now....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear vam_aru,
That totally depend on those BIG PLAYers! Let us hope that FIIs do not go for MAD / Panic SELLing to generate that liquidity! Else we will that Capitulation behaviour coming from those FIIs! :) If those FIIs are ready to go for Capitulation behaviour, Let us use their Billion of DOllars to make Money for FREE! :) Index can be taken up lator on once their MAD SELLing is over! :)
Figure of 9800 on DOW corresponds to 3450 on Nifty!
So, let us hope for the best! Let us hope that those BIG PLAYers continue to PLAY the GAME Sensibly!
Gud luk & happy investing !:)
Tracked by: 109 Boarders
hindlevernet, 3600 was just another level not more than that....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear sp.palo,
You may be right. But there is no such guarantee.
Past such corrections indicate 54-56% crash down from
the peak which in this case is 6012 reached on 01
November 2007 not 6357 reached on 08 January. This
gives a figure of about 2736. If we multiply the value
gained in last minor upwave from (3715 to 4001)= 286
with Fibonacci number 4.5 x 286 = 1287. Just substract
this value from its peak which gives us SUPPORT at
4001-1287= 2714. May be actual support is somewhere
in the range of 2700-2750 range.
But this is theoretical calculation, Actual value will
depend on the movement of dow.
Tracked by: 109 Boarders
Dear HLN,
You proved to be correct when you said that nifty will go down to 3600 and that too when it was at its top level. I appreciate it not becoz it fell but the way you stood with it till now.
I am a believer of law of averages. Technical and fundamental languages I don`t understand well. I follow a path pratically visible. It doesn`t mean you experts are unwelcome. There are more than 6000 stocks are available in the mkt. Millions of people invest in them. Majority of them do not know the language you experts speak. And 70% of them may not be looking into F&O, including me. Khel yahan tho us ka hi hai.
When I say law of averages, I mean ups and downs of the mkt. If it goes up, certainly it is going up from a low, so that the ladder is clearly visible. Moving up is a beautiful sight and everybody enjoys it. We certainly forget the rules here. When the up is standing on an unsound low base, it has to fall. Gravitation is more powerful, so the fall is uncontrollable. And finally we are at low again. We lie down for some time. When the pain is reduced, we start moving. Stagnation is not the sign of life. When flow starts, we will enjoy it again.
In simple, it means that this ups and downs will continue to happen and it is the nature of life. So is the mkt too.
knair ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Hi Boarders,
Is it CORRECTION or DESTRUCTION ?
Look at the possible melt-down of heavy wieghts with
near term targets against each:
RELIANCE INDT. 1100
BHARATI AIRTEL 550
STATE BANK 1000
DLF 244
TATA STEEL 240
BHEL 980
Best of luck.
Tracked by: 109 Boarders
Dear HLN,
Whenever Bernanke speaks the market falls, I think he should always speak after the market hours....
Regards
---------------------------------------------------------
THE FED
Bernanke hints at possible interest rate cut
Chairman says central bank needs to `reconsider` its policy stance
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) -- Ben Bernanke opened the door on Tuesday to a possible cut in interest rates to steer the economy out of a severe downturn, admitting that the turmoil in world markets has caused the Federal Reserve to reconsider its monetary policy.
The central bank chairman is clearly worried that the economic downturn now underway may last longer and go deeper than he expected. As a result, he has put aside his qualms for lowering rates below the current 2% level for the benchmark fed funds rate for overnight bank loans.
Financial markets have been clamoring for another rate cut given the turmoil in recent weeks that has seen major U.S. investment banks close down, merge, or transform. Fed officials had wanted 2% to be the floor for short-term rates.
`In light of developments, the Fed will need to consider whether the current stance of policy remains appropriate.`
— Ben Bernanke
The stock market didn`t seem to like the fact that Bernanke only prepared the market for a rate cut without formally delivering one. After his address at the National Association of Business Economists, the Dow Jones Industrial Average steepened its decline and closed down fell by more than 500 points. Read Market Snapshot.
-------------------------------------------------
Full story at Marketwatch
-----------------------------------------------------------
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Hi Boarders,
Is it CORRECTION or DESTRUCTION ?
Look at the possible melt-down of heavy wieghts with
near term targets against each:
RELIANCE INDT. 1100
BHARATI AIRTEL 550
STATE BANK 1000
DLF 244
TATA STEEL 240
BHEL 980
Best of luck.
Tracked by: 0 Boarder
market started talking about 3200. another good day for naked short holder. will square some below 3470-3480 range for today. those who talked of 3600 level, it was just another level in fall and 3200 is real level of support on nifty....
In reply to:
Nifty will hit 3200
Posted by :
fmcgbites
3600 done, next 3200 on nifty and then one target at a time
Tracked by: 0 Boarder
The Indian equity market continued to slide in September 2008 with the S&P CNX NIFTY, registering its second sharpest fall since January 2008, declining around 10 per cent.
A Crisil study has estimated that Rs 230,000 crore of shareholders’ wealth eroded in the background of the situation in the US financial markets.
On the contrary, the fall in the US markets was lower with the S&P 500 and Dow Jones both declining by around 9 per cent and 6 per cent respectively, while emerging markets lost around 18 per cent during the month. Pessimism in the financial markets following the filing for bankruptcy by Lehman Brothers, Merrill Lynch’s sell-off, the bail out of AIG and perceived uncertainty around the US bail-out package added to investor fears.
Commenting specifically on the Indian equity markets, Chetan Majithia, Head-Equities, CrisilL Research said, “The BSE Realty Index and the BSE Metal Index were the most severely affected dropping by 32 per cent and 25 per cent. Concerns over slowing demand in the real estate market due to a liquidity crunch.”
Souce : Business-Standard...
Tracked by: 0 Boarder
Venture funding :
The round of funding for a new company that follows seed funding provided by venture capitalists.
TC-081008-S-01...
In reply to:
< Enhance Stock Knowledge Skills >
Posted by : TrueCompanion
Leasing finance :
A method of acquiring business equipment without capital outlay. the bank or finance company buys the equipment and leases it to the customer, in return for regular rental payments for the duration of the lease period.
TC-071008-S-01
Tracked by: 109 Boarders
Dear HLN,
I have been reading your messages and all kinds of right and wrong opinions, only to end up admiring your skills. I have a query. Quite a scary one.
I was looking at charts of DOW in great depression days and those of Sensex during 1992 and 2000 collapse. In all these cases, index traced back to where it started (for example, DOW started from 50, moved to 350 and retraced back to 41).
I want to get some confidence from you that we shall not go back to 2600 on Sensex. Some arguments in favour of this will give me strength.
Thanks and best wishes
S P Mall ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear sp.palo,
You may be right. But there is no such guarantee.
Past such corrections indicate 54-56% crash down from
the peak which in this case is 6012 reached on 01
November 2007 not 6357 reached on 08 January. This
gives a figure of about 2736. If we multiply the value
gained in last minor upwave from (3715 to 4001)= 286
with Fibonacci number 4.5 x 286 = 1287. Just substract
this value from its peak which gives us SUPPORT at
4001-1287= 2714. May be actual support is somewhere
in the range of 2700-2750 range.
But this is theoretical calculation, Actual value will
depend on the movement of dow.
Tracked by: 1 Boarder
NaturalNews) The comptroller general of the United States says the nation is on the path to financial ruin unless the American public tells Washington to change its ways.
David M. Walker, head of the General Accountability Office, or GAO, is the nation`s top federal accountant. With the voting season now in full swing as November approaches, candidates from both major political parties are talking up the standard issues that energize the public and encourage discussions, but no candidate appears to be talking about the state of the nation`s fiscal prospects.
"This is about the future of our country, our kids and grandkids … we the people have to rise up to make sure things get changed," says Walker.
Walker said the challenges facing the nation were severe as the federal government continues to fund operations by borrowing foreign money. He also warned of the coming effects on the economy as the "baby boomer" generation begins retiring, calling it a "demographic tsunami" about to wash ashore.
"He can speak forthrightly and independently because his job is not in jeopardy if he tells the truth," said Isabel V. Sawhill, a senior fellow in economic studies at the Brookings Institution. Walker`s term ends in 2013, as he is serving a 15-year term as the comptroller of the U.S., so he has one of the most secure jobs in Washington. That fact frees him to be candid about the state of the nation`s economy.
"You can`t solve a problem until the majority of the people believe you have a problem that needs to be solved," Walker says.
Mike Adams, a consumer advocate, adds that "The U.S. national debt is the 800-pound gorilla hiding in the economic closet … no one wants to talk about the national debt, and no politician who talks about reducing it will ever get elected. The U.S. public has lost any appetite for fiscal restraint and seems intent on driving this economy into total debt collapse."
(the quote was incomplete. so reproduced-sory very much.)
v.krishnamoorthy...
In reply to:
No one is too big not to fall
Posted by : Leave it.
An excerts for your attention ....
Quote
NaturalNews) The comptroller general of the United States says the nation is on the path to financial ruin unless the American public tells Washington to change its ways.
David M. Walker, head of the General Accountability Office, or GAO, is the nation`s top federal accountant. With the voting season now in full swing as November approaches, candidates from both major political parties are talking up the standard issues that energize the public and encourage discussions, but no candidate appears to be talking about the state of the nation`s fiscal prospects.
Tracked by: 6 Boarders
Sir,
What is your recommendation now that sensex is going down sharply in the past few days. Should we liquidate some holdings (with losses) or hold on?
I holdthe following stocks (ashok leyland - Rs 26, GSPL - Rs 40, SpiceJet - Rs 19.5, Neyveli Lignite - Rs 78, MTNL - Rs 93).
Your comments / opinion is highly appreciated
Thanks
Rohith...
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by : Kalidas
Paulson’s plan thought faulty has scared the hell out of all Senators. President Bush has invited Obama and McCain to apprise them of the plan and seeking their approval so that the plan is not derailed after election.
Once Obama and McCain agree, there is little chance that $700 billion package may not be passed. It will be passed reluctantly and some useless matters like Executive pay are discussed. What is $10 million dollars against $700 billions?
There was a game plan (or conspiracy whatever you call) under which –
- Paulson, Bernanke and Cox (SEC) got together
- Paulson wanted to pass the bill before weekend or in any case before Sep end (reason later)
- Cox was asked to impose ban on short selling of financial shares (799 shares) until 2 Oct
- Bernanke was to spread scare that if the plan is not passed, there would be catastrophe, jobs will be lost, GDP to go down, Credit crisis to become more acute.
Why passage before weekend?
Q3 will end on 30 September after which Q3 result will start arriving on or after 15 October. If the plan is passed before September, Paulson will buy all bad assets from Goldman and others so that result looks good. The current prices of illiquid debt have risen from 20 cents to 98 cents.
Paulson has also proposed that he would buy the bad assets at discount to face value, that is, he will pay $65 against $100 face value (present market value 98 cents) to boost the confidence. This will help the bank to book even profit to reverse the excess provisions.
He ensured that SEC imposes the ban on short selling and to remain in force until the bill is passed which was expected before Sep end. Since the short selling ban ends on 2 October, it is presumed by him that successful passage of bill may cause fierce rally in financial shares due to short covering. Hedge funds and shorters will be dead in the heat.
Once the Obama and McCain show the approval, other Democrats and Republican will not bother to object. After President Bush speech today, there is more than 70% possibility that the bill may be passed before Sunday.
This will cause the following:
1. Dow may rise by 1200 points in 2 or 3 days due to fierce rally in Index related financial shares
2. Gold may plummeted by 5% to 10%
3. Silver may plummet by 20%
4. Oil may drop by 10% to 15%
5. Commodities may also drop due to US$ rally
6. Euro will fall most- Yen least. Rupee will slide over 3%
7. World markets may rise. SENSEX may gain by 2400 points in less than 3 days. All index heavy weight may gain significantly.
8. This scenario is possible only if the bill is passed. For any reason the bill is delayed, almost everything will work in reverse gear. Since everyone is losing money and want the market to go higher, they will want to know so called good news (which is sugar coated saccharine) to fuel the rally.
I may be buying today some scraps just for short term. I will throw away in possible next week rally. The investors who have large short position should begin to unwind or take 20% opposite position by buying out of money calls as hedge. I would personally liquidate short position by 80% now, retaining just 20% against which I would buy out of money calls (options to limit the risk). Do not think that I am bullish on the market. This is sugar coated market for brave hearts. This is purely trading scenario – Investment climate is still worsening.
Kalidas, Hong Kong
Ref: 09-091-R 25/9/2008
Tracked by: 109 Boarders
Dear sp.palo,
You may be right. But there is no such guarantee.
Past such corrections indicate 54-56% crash down from
the peak which in this case is 6012 reached on 01
November 2007 not 6357 reached on 08 January. This
gives a figure of about 2736. If we multiply the value
gained in last minor upwave from (3715 to 4001)= 286
with Fibonacci number 4.5 x 286 = 1287. Just substract
this value from its peak which gives us SUPPORT at
4001-1287= 2714. May be actual support is somewhere
in the range of 2700-2750 range.
But this is theoretical calculation, Actual value will
depend on the movement of dow....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : sp.palo
Dear HLN,
Nifty may not ( rather will not ) go below 3000.
regards
shakti
Tracked by: 1 Boarder
Dear Mr.Prashant ptp,
Even today the signals are not good for a positive trading in Indian Markets. This is only my personal view as I just returned from the brokers shell, where not a much noise was made.
Dow falls 508 as panic takes over Wall Street
The Dow tumbles more than 5% in part because of Fed boss Bernanke`s gloomy economic outlook and continuing stress on financial companies.
The Nasdaq loses more than 100 points, and the S&P 500 drops below 1,000 for the first time since 2003.
Stocks fell to their lowest levels in five years today as fears grew about the global banking system`s ability to survive the worst credit crunch since at least World War II.
The Dow Jones industrials fell 508 points, or 5.1%, to 9,447. The Nasdaq Composite Index fell 108 points, or 5.8%, to 1,755, and the Standard & Poor`s 500 Index was off 61 points, or 5.7%, to 996.
Today`s close was the Dow`s lowest since Oct. 2, 2003; it`s down about one-third since peaking a year ago.
The Nasdaq`s close was its worst since August 18, 2003, and the S&P`s decline was its worst -- and its first close under 1,000 -- since Sept. 30, 2003.
Take your own cue for todays trading. I am a student of actuary. Retired from LIC of India ten years back, residing in USA. As on date the politics do not take the economics into account for placing it to the public`s attention. But the foreclosure action taken by some banks speedily has sent waves of resentent.Fed action is not appreciated by the public as one or two in a street is thrown out of job and the cires of the family is widely heard. Only the auditor general of America is a topic for little discussion when some in the brokers premises are interested to exchange comments. I shall try to post the excerpts. This borad nor the board members are widely interested to talk. The need for incresed deposit insurance cover for bank deposits are felt very much, as many feel that the Govt. will take care. If that is the fact why they offer one lac limit of deposit insurance cover for bank deposits. For the next three days , people will be busy with something else religiously. Perhaps, I can wish to see the ray of hope on Monday next.
v.krishnamoorthy
Here in US things will be as it is. It took ten days for the Anxiety index to cross Atlantic. As there are very small countries in europe, there is no concerted action to save UK- pounds or EURO.
v.krishnamoorthy...
In reply to:
No one is too big not to fall
Posted by :
prashant_p1p
Hello Mr.V.Krishnamoorthy,
1st of all Thanx alot to provide us good info related US Econo. n the Big Banks Fall, I juzz thinking is this the end of World Leader Us? at current situation, how much worlds money they r carrying?? is till there elections finish n wats the surety new Govt would solve all Economical Issues heading up?? Hence we r watching, before pass out Bail out package Dow was recovering, or can say trying to recover, but the most impo thing have u seen, after pass out this package Dow n NASDAQ r juzz running back, fast, Y?? What does it mean?? Is Govt approved the Economic Fall of United Stets Of America, isn`t any false or artificially created thing, its really happening here, so Dear investors of The Great US u can run away frm markets...!! Have u seen the everyday falls above 300 points of Dow??
N most impo thing is here Y This Is Happening with US?? Some major reasons r (all r as my study, kindly note it),
US`s Major Profit making Weapon Shopping Center is not getting customers??
Y no Customers?? Coz Citizens r panic,At WTC there was almost everyone`s someone was got killed (based on Population Density of US) they dont want mess with Fool n Unliterate ppl belongs to Africa, especially Arabian n Muslim countries, so they r apposing Govt to shut their Business, which is becoming fetal for them? So science 9/11`s matter Govt is become helpless (N finely they loosed their seats.) Now Govt must thinking how to run all Weapons R&D, N what abt the huge investments did before on Big projects?? Who has invested in these Weapon Manufacturing Units?? Obviously Local Big Banks n Govt is the Guarantor, So paying money them back.
US Citizen is not willing to pay Taxes?? No they will pay happily, but if Govt will not make new enemies,
N wats the Employment data shows?? The figure`s r increasing?? Y if the young generation is not willing to do any kind of work, they only wants to enjoy how it`ll decrease??
Worldwide everything was fine, everyone is doing his work (Everyone was getting work) who wants to get frustrate n wants to buy weapons??
So there is nothing happened in world, there is no major earthquake, no tsunami, no world war, what does it shows, when all world is running well US falls??
Sir, I`m not good in economics but Do u really think, after elections of US the situation will be fine?? N how much every Investor (expect US) should beleve on US n wait for there repairing work?? Other strong countries couldn`t take chance to be Leader?? We r not that willing n attitude, do u think China wont use this chance to chase others?
Pls reply some of answers
Regards
Prashant
