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Tracked by: 0 Boarder
Dear Suresh Ji
The view of sensex may touch 9000 is said by Colin Twing, I expect that now some recovery may start till Oct end, but if FIIs will not stop net selling then stability is not possible. ...
In reply to:
WILL SENSEX TOUCH 9000 IN OCTOBER ?
Posted by :
hindlevernet
Hi,
I feel Sensex will hit bottom of 9000 in October
and then recover sharply from that point onward.
If you are interested to know the bottom of your
favourite stock, please feel free to post a message
here. The scrip will be analysed and target will be
calculated to accurate value.
Best of luck 
Tracked by: 0 Boarder
Sensex Technical View :
Sensex has taken a quick retreat from 11900 and has already touched 10700. This is a much quicker pull down from an extreme short term resistance which implies lesser strength. Sustaining below 10700 or even 10500 then the recent low of 10200 could be next support which if broken then the most important support is 8800 and 9500-9700 which is fibonacci level. Ideally a long stop loss should be placed at 10200 /10500 depending on risk apetite and time period for a trader. Investment buying further should be done only in 8800-9700 zone or wait for a turnaround signal and buy at higher levels.
Another thing is although Sensex may have not made a new low just happened to check that many index and non index stocks have actually went on very close or made new lows which is not a gr8 sign and ideally one should prefer to wait before taking a trading call and for investments it has to be slow and staggered in the range of 8800-9700 . Also in many stock specific the charts are at a crucial stage ... Will discuss with charts in next post .
So the real question that lies is whether markets want to bottom out at 8800-9700 or take a short at 12300-12900 first ... Next 3-5 sessions would give more clarity technically and fundamentally.. So ideally wait before taking quick decisions.
Market Observations and Thoughts :
The relentless selling continues from FIIs and redemption pressures for MFs, panic selling and all sorts of pressures have still remained in place. Although investors may have started buying in small lots but one needs to be cautious with their choice of stocks as not all stocks may bounce back sharply and regain ground. Real estate,cap goods , commodity stocks with high debts, pvt banks should actually take longer time to get back into good days. PSU banks as being mentioned since a long time are best to park money with high dividend yields. The view of avoiding pvt banks , real estate , cap goods since months has left us better placed !!! ...
So even if one has started buying at sub 12k levels and have seen 10-20 % dip in stocks even after staggered buying and if one has deployed part of the cash then should now wait with the rest either for 8800-9700 or a sustained sideways or consolidation followed by a turnaround to further take long term investments. Short - term trading , averaging , re-entering after bounce -sells or selling and re-entering will need to be used in investments already made to optimize the cost of acquisition and money management too.
For more search Nooresh on google......
Tracked by: 0 Boarder
NEW YORK (MarketWatch) -- Gold futures tumbled more than 4% Thursday to their lowest level in one month, as nervous investors sold futures contracts to seek cash.
Some hedge funds were forced to liquidate their positions to cover losses in stocks and other markets, according to economists at research firm Action Economics.
"For the moment, the weight of the deep funk felt in the global markets is keeping gold on the defensive, while would-be buyers ... find more comfort sitting on the piles of cash," said Jon Nadler, senior analyst at Kitco Bullion Dealers.
Gold for December delivery fell $34.50, or 4.1%, to end at $804.50 an ounce on the Comex division of the New York Mercantile Exchange, the lowest closing level since Sept. 17. It slumped more than 5% to $791 an ounce earlier.
The contract has surrendered $102 an ounce, or 11%, since Oct. 8.
Also pushing gold prices lower were news reports that central banks were selling gold. The latest weekly data from the European Central Bank showed 7.6 tons of gold was sold during the week ended Oct. 10, according to Bloomberg, citing Barclays Capital.
Central banks sell gold to earn more cash, but their selling is helping push the gold prices lower, analysts said.
Gold lease rates charged by central banks have reached record highs, according to the London Bullion Market Association, indicating central banks` unwillingness to lend gold to financial institutions on worries that it may not be returned.
Gold`s losses came amid plunges in global stock markets. Stock in Europe and Asia recorded sharp losses, while U.S. stocks also tumbled, although they have pared losses in recent trading.
"Investors WORLDWIDE are selling EVERYTHING, including the kitchen SINK, and gold is NO EXCEPTION," said Peter Grandich, chief commentator at Agoracom, an online marketplace for the small-cap investment community.
On gold exchange-traded funds, assets in the SPDR Gold Trust, the largest gold ETF, were unchanged at 767.58 tons Wednesday but down from Monday`s record of 770.64 tons, according to the latest data from the fund.
...
In reply to:
The crisis: A timeline
Posted by : sambala
FTSE At Its Lowest In Five Years
The FTSE 100 has fallen by over 5% as traders on the London market reacted to fears of a global recession.
The top companies` index dropped below 3850 to hit its lowest point for more than five years after Wednesday`s 7% loss.
Earlier the Japanese stock market suffered its biggest losses in two decades.
Tokyo`s Nikkei plunged 11.41% by the close or trading, wiping out most of its gains earlier in the week.
It was its steepest fall since the "Black Monday" crash in October 1987 and the second biggest percentage drop in the index`s history.
Hong Kong`s Hang Seng slumped 7.6% in overnight trading and there were similar falls in Singapore, Seoul and Australia.
They came after Wall Street suffered its worst percentage drop in two decades and its second-largest points loss ever.
The Dow Jones sank 7.87% on Wednesday after official figures showed US retail sales were down 1.2% in September.
It has fallen another 4% today
The stock market slump comes despite huge cash injections for stricken banks by governments around the world.
Most analysts now say a US recession appears virtually certain despite the $700bn bail-out of its financial sector.
The slump in retail sales was the steepest since August 2005 and weaker than market expectations for a 0.7% fall.
In the UK, there was more evidence of a downturn after unemployment rose to 1.79 million, its highest level in 17 years
Tracked by: 111 Boarders
By `Open Interest position` in NIFTY.... How can you be sure that those are SHORT positions created ? Can`t they be long ones too ? Please explain.
-Ur homepage`s regular follower...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : lovemeall26
Hello BSR,
I dont like people who harp about thier successes. We are all humans and are bound to make mistakes. I am not ashamed to state that I lost nicely in jan this year, whats the problem. He was giving 3200 as base for next three months, I have told him it will break in 3 days, I am sure now all his profitable trades will go into losses - lol.take care,
lovemeall26
Tracked by: 1 Boarder
The Swiss government on Thursday became the first to take troubled assets off a bank`s balance sheet, reaching a deal with UBS to absorb up to $60 billion in mostly mortgage-related assets.
In addition, the government is taking a 9% stake in UBS in return for an injection of 6 billion Swiss francs ($5.25 billion) into the world`s largest asset manager.
Separately, rival Credit Suisse Group is being forced to raise billions as well to meet new adequacy standards, though it`s been able to do so by turning to key shareholders, notably the government of Qatar.
The moves by the country`s banking giants "will result in a sustainable reduction of strains in the Swiss financial system," the Swiss National Bank said. "The stabilization thus reached will be favorable for the development of the Swiss economy as a whole and is in the interest of the country."
The move by the Swiss government is more in line with the original proposal of Treasury Secretary Henry Paulson`s Troubled Asset Relief Program than the current version, which calls initially for direct injections into U.S. banks.
Akin to a related British plan, it gives banks the choice of raising money privately or publicly.
In New York action, UBS shares rose 1.6%, while Credit Suisse vaulted 7.7%.
But over the last year, UBS has dropped 65% and Credit Suisse has fallen 38%.
The pool of assets that UBS is offloading contains mostly debt backed by U.S. residential and commercial mortgages. UBS also is throwing in other U.S. asset-backed and auction-rate securities, notably those backed by student loans, as well as European and Asian bonds.
UBS is going to sell the securities it doesn`t want into a special-purpose vehicle, into which it will inject $6 billion to cover the pool`s losses. The Swiss National Bank will then provide a loan of up to $54 billion to pay for the assets.
UBS will be able to claw back the profits from the pool, but it will have to repay the loan and hand over $1 billion and 50% of the remaining equity value to the central bank.
"In these turbulent times we want to ensure that we do everything possible to safeguard the solidity of our bank. We are taking practical steps to eliminate legacy risks," said Peter Kurer, chairman of UBS, in a statement.
Credit Suisse, meanwhile, is raising 10 billion Swiss francs, through the sale of 3.2 billion francs of shares, 1.7 billion francs of mandatory convertible bonds and the issuance of 5.5 billion francs of non-dilutive hybrid Tier 1 capital.
Accordingly, Credit Suisse said its Tier 1 capital ratio, a way of measuring a bank`s capital adequacy, will rise to 13.7% from 10.4% at the end of the third quarter.
"Over the past few months we have had a constructive and close dialog with regulators about future capital requirements. We are very pleased to have reached a solution that further strengthens our capital base and ensures our competitive position," said Credit Suisse CEO Brady Dougan.
UBS said that it had a Tier 1 ratio of 10.8% at the end of the third quarter and that this is expected to 11.5% by the end of the year.
The pair also provided more details of their third-quarter performance.
UBS said it earned 296 million francs, in line with its earlier announcement of a "small profit," mostly on its global wealth management and business banking division but also on the global asset management division. That helped offset a loss of 2.75 billion francs, before taxes, from investment banking.
UBS said it experienced outflows of 49 billion francs during the third quarter, particularly during the last few weeks of the period.
Credit Suisse said it expects to lose about 1.3 billion francs due to a 3.2 billion loss before tax from its investment bank.
It took a write-off of 2.4 billion francs in the leveraged finance and structured products businesses, noting "exceptionally adverse trading conditions in September."
...
In reply to:
No one is too big not to fall
Posted by : sambala
CDS: Markets` Hidden World War
We have become accustomed to all sorts of concepts and catastrophes as the financial crisis has deepened, but there is one vast market we know very little about and it is teetering on the brink of collapse.
Credit default swaps (CDS) are the banks` own insurance scheme against risky investments and the market is believed to be worth $60 trillion - greater than the world`s GDP.
James Ferguson, a markets analyst at Parli international, described CDS as a derivative to allow people to buy insurance on a trade.
He told Sky News: "If I have a $100bn worth of bonds issued by US banks and suddenly I`m really worried about their credit, I can go out and insure that position by buying credit default swap protection.
"For every credit default swap trade there are two people who transact and the terms of the contract state that one side will pay out in the event of a default of the underlying bond."
In essence, this is how it works: Imagine that the owner of a house worried about the future takes out insurance to cover his debt if things go bad. It`s simple - if he fails, the insurer pays out.
But in the CDS market other people - totally unconnected to the initial deal - start betting between themselves on whether the householder will go bust or not.
Soon everyone is joining in, laying off one bet against another. It grows exponentially until the original householder fails. Then the bets have to be settled and paid.
But if the gamblers - in this case the banks - cannot pay, the system crashes. And that is what is happening.
The shortfall is already estimated at half a trillion dollars.
And that money has to come from somewhere, says economic commentator Will Hutton, of the Work Foundation. And someone, somewhere, will have to write it off.
"We don`t know who it is by the way - I mean these contracts are swapped all around the world," Mr Hutton explained.
"It could be a pension fund in Dubai, it could be a money mutual fund in Thailand, it could be Royal Bank of Scotland; no-one knows, so one of the problems is that the markets don`t know where these losses are going to fall - they`ve been terrified about where they`re going to show up - and that`s made them very frightened to lend to each other.
"The other issue is you have to find the money."
If the sums involved have not got you trembling yet, then consider this: There are many in the City who doubt that either governments or the people they have employed to sort out the mess understand the problem or realise how bad it is.
As one analyst put it to me, the financial sector is in the middle of a world war. The fighting is still going on and the peace is many years away.
The CDS market is completely unregulated and simply enormous. It was a good idea that`s gone bad.
It will have to be propped up but the cost to taxpayers could be vast.
Stuart Ramsay, Chief news correspondent,
SKYNEWS
Tracked by: 0 Boarder
FTSE At Its Lowest In Five Years
The FTSE 100 has fallen by over 5% as traders on the London market reacted to fears of a global recession.
The top companies` index dropped below 3850 to hit its lowest point for more than five years after Wednesday`s 7% loss.
Earlier the Japanese stock market suffered its biggest losses in two decades.
Tokyo`s Nikkei plunged 11.41% by the close or trading, wiping out most of its gains earlier in the week.
It was its steepest fall since the "Black Monday" crash in October 1987 and the second biggest percentage drop in the index`s history.
Hong Kong`s Hang Seng slumped 7.6% in overnight trading and there were similar falls in Singapore, Seoul and Australia.
They came after Wall Street suffered its worst percentage drop in two decades and its second-largest points loss ever.
The Dow Jones sank 7.87% on Wednesday after official figures showed US retail sales were down 1.2% in September.
It has fallen another 4% today
The stock market slump comes despite huge cash injections for stricken banks by governments around the world.
Most analysts now say a US recession appears virtually certain despite the $700bn bail-out of its financial sector.
The slump in retail sales was the steepest since August 2005 and weaker than market expectations for a 0.7% fall.
In the UK, there was more evidence of a downturn after unemployment rose to 1.79 million, its highest level in 17 years
...
In reply to:
The crisis: A timeline
Posted by : sambala
Charity Says 900 Million Starving
More than 900 million people in developing countries face starvation as food prices soar.
A report by Oxfam says spiralling inflation in the cost of basic foods, such as rice and cereals, have pushed an extra 119 million people into hunger this year.
A separate study by CARE International said 17 million people were facing starvation in the Horn of Africa alone.
The reports are timed to coincide with United Nation`s International World Food Day, which raises awareness of the world food problem and tries to tackle malnutrition and starvation worldwide.
Oxfam`s Double Edged Prices report found 967 million people were now officially living below the hunger line, because of the high cost of food.
It said there had been a 300% rise in the cost of wheat in Guatemala, a 100% increase in the price of flour and a doubling of the cost of rice in Cambodia and the Philippines in the past year.
Oxfam chief executive Barbara Stocking said the effects of the price rises were "devastating".
The charity said 1.7 million people in Tajikistan - one-third of the rural population of the country - is now classed as food insecure, after crops were devastated by a severe winter, followed by a hot spring and a plague of locusts.
In Honduras, food consumption among the poorest families has reduced by 8%, and in Cambodia 1.7 million people are facing starvation.
According to CARE International`s figures, 6.4 million people in Ethiopia are in need of emergency food aid, and in Somalia half of the population is starving.
A combination of drought, conflict and rising food prices has left millions of people in the area facing starvation.
An emergency meeting of the United Nations Food and Agriculture Organisation (FAO) in Rome earlier this year pledged 12.3 billion US dollars to help tackle the world food crisis, but only one billion US dollars has been paid out from the fund so far, Oxfam said.
Charities condemned the slow response to the growing crisis, comparing it unfavourably with action taken against the banking crisis.
Ms Stocking said the contrast was "shocking", as the charity launched a £15 million appeal to help tackle the crisis.
"Developing countries are being bombarded with with different initiatives and asked to produce multiple plans for different donors. We need to see one co-ordinated international response," she said.
Tracked by: 0 Boarder
To ease the liquidity in the system, the government yesterday had announced with much fanfare that the RBI will make available farm loan waiver dues of Rs 7,500 crore to banks. But leading bankers said they are not going to take that money since they have to pay 9% for that cash....
Tracked by: 0 Boarder
Charity Says 900 Million Starving
More than 900 million people in developing countries face starvation as food prices soar.
A report by Oxfam says spiralling inflation in the cost of basic foods, such as rice and cereals, have pushed an extra 119 million people into hunger this year.
A separate study by CARE International said 17 million people were facing starvation in the Horn of Africa alone.
The reports are timed to coincide with United Nation`s International World Food Day, which raises awareness of the world food problem and tries to tackle malnutrition and starvation worldwide.
Oxfam`s Double Edged Prices report found 967 million people were now officially living below the hunger line, because of the high cost of food.
It said there had been a 300% rise in the cost of wheat in Guatemala, a 100% increase in the price of flour and a doubling of the cost of rice in Cambodia and the Philippines in the past year.
Oxfam chief executive Barbara Stocking said the effects of the price rises were "devastating".
The charity said 1.7 million people in Tajikistan - one-third of the rural population of the country - is now classed as food insecure, after crops were devastated by a severe winter, followed by a hot spring and a plague of locusts.
In Honduras, food consumption among the poorest families has reduced by 8%, and in Cambodia 1.7 million people are facing starvation.
According to CARE International`s figures, 6.4 million people in Ethiopia are in need of emergency food aid, and in Somalia half of the population is starving.
A combination of drought, conflict and rising food prices has left millions of people in the area facing starvation.
An emergency meeting of the United Nations Food and Agriculture Organisation (FAO) in Rome earlier this year pledged 12.3 billion US dollars to help tackle the world food crisis, but only one billion US dollars has been paid out from the fund so far, Oxfam said.
Charities condemned the slow response to the growing crisis, comparing it unfavourably with action taken against the banking crisis.
Ms Stocking said the contrast was "shocking", as the charity launched a £15 million appeal to help tackle the crisis.
"Developing countries are being bombarded with with different initiatives and asked to produce multiple plans for different donors. We need to see one co-ordinated international response," she said.
...
In reply to:
The crisis: A timeline
Posted by : sambala
Financial crisis may escalate food prices worldwide: UN
The global financial crisis is exacerbating concerns about surging food and fuel costs, which has pushed 75 million into poverty, the United Nations chief said today, terming the turmoil a "colossal human tragedy".
The situation would be alarming enough if it were confined to a matter of hunger, but a wide-spread lack of food triggers other threats, from social unrest to environmental degradation," UN Secretary General Ban Ki-Moon said in a statement on the occasion of the World Food Day on October 16.
Moon said 800 million people across the globe were going to sleep hungry every night even before prices started rising sharply.
The effects of climate change, too, threatened to confront million more with mal-nutrition and water shortages.
And now with energy costs rising and the price of food having more than doubled last year alone, an additional 100 million could be victims of huger and poverty, he said.
Terming the crisis long term, he called for "meaningful partnerships" among governments, organisations and citizens to realise the Millennium Development Goals, the most important being reducing hunger and poverty by a half by 2015.
The UN has set up a task force on global food security crisis, which puts together a comprehensive framework to chart the way forward for governments, the donor community, civil society and the private sector, he said.
Meanwhile, the Food and Agriculture Organisation (FAO) today released its annual report on Biofuels — Prospects, Risks and Opportunities.
Though bio-fuels offer opportunities for agricultural and rural development, it has its impact on commodity markets as well, it said.
"The growing demand for agricultural commodities for the production of biofuels is having significant repercussions on agricultural markets, and concerns are mounting over their negative impact on food security," the FAO statement said.
Tracked by: 4 Boarders
All the governments across world are doing their bit to save USA,
by increasing liquidity, by using domestic institutions to buy equity.
At each run-up there will be a fall waiting..enjoy..short on rise..
...
In reply to:
Do you see the Sensex slipping below 10,000 in October?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 1 Boarder
CDS: Markets` Hidden World War
We have become accustomed to all sorts of concepts and catastrophes as the financial crisis has deepened, but there is one vast market we know very little about and it is teetering on the brink of collapse.
Credit default swaps (CDS) are the banks` own insurance scheme against risky investments and the market is believed to be worth $60 trillion - greater than the world`s GDP.
James Ferguson, a markets analyst at Parli international, described CDS as a derivative to allow people to buy insurance on a trade.
He told Sky News: "If I have a $100bn worth of bonds issued by US banks and suddenly I`m really worried about their credit, I can go out and insure that position by buying credit default swap protection.
"For every credit default swap trade there are two people who transact and the terms of the contract state that one side will pay out in the event of a default of the underlying bond."
In essence, this is how it works: Imagine that the owner of a house worried about the future takes out insurance to cover his debt if things go bad. It`s simple - if he fails, the insurer pays out.
But in the CDS market other people - totally unconnected to the initial deal - start betting between themselves on whether the householder will go bust or not.
Soon everyone is joining in, laying off one bet against another. It grows exponentially until the original householder fails. Then the bets have to be settled and paid.
But if the gamblers - in this case the banks - cannot pay, the system crashes. And that is what is happening.
The shortfall is already estimated at half a trillion dollars.
And that money has to come from somewhere, says economic commentator Will Hutton, of the Work Foundation. And someone, somewhere, will have to write it off.
"We don`t know who it is by the way - I mean these contracts are swapped all around the world," Mr Hutton explained.
"It could be a pension fund in Dubai, it could be a money mutual fund in Thailand, it could be Royal Bank of Scotland; no-one knows, so one of the problems is that the markets don`t know where these losses are going to fall - they`ve been terrified about where they`re going to show up - and that`s made them very frightened to lend to each other.
"The other issue is you have to find the money."
If the sums involved have not got you trembling yet, then consider this: There are many in the City who doubt that either governments or the people they have employed to sort out the mess understand the problem or realise how bad it is.
As one analyst put it to me, the financial sector is in the middle of a world war. The fighting is still going on and the peace is many years away.
The CDS market is completely unregulated and simply enormous. It was a good idea that`s gone bad.
It will have to be propped up but the cost to taxpayers could be vast.
Stuart Ramsay, Chief news correspondent,
SKYNEWS
...
In reply to:
No one is too big not to fall
Posted by : Kalidas
NO ONE IS TOO BIG NOT TO FAIL
Last few months' and a few years' events show that "No one is too big not to fail"
See the following list:
1. Baring Securities (Failed after almost 100 years of history due to rogue traders)
2. Bear Stearns
3. Lehman Brothers
4. Merril Lynch
5. Fannie Mae
6. Freddie Mac
Nearly Saved list:
6. Morgan Stanley
7. Goldman Sachs
Others in Parade:
8. UBS
9. Washington Mutual
10 Wachovia
11. Citibank
12. JP Morgan Chase
13. General Electric (GE)
14. General Motors, (GM)
15. Ford Motors
16 Chrysler
17. American Airlines
18. United Airlines
19. Delta Airlines
In UK
20 Northern rock
21 Royal Bank of Scotland
22. Barclays (on the way)
23. HSBC (on the way)
And last one in the parade:
24 United States of America
Those who say in India that Ambani, Tata or Birla are solid businessmen and are infallible, read above and judge yourself. Do not elevate them to the status of God.
There was a James Bond movie called " Never Say Never Again". does it apply to America?
Kalidas, Hong Kong
23/9/2008
Tracked by: 0 Boarder
8900 thats june 2006 low, when world markets are testing 3-5 years low,no labels are impossible on index, rs, call money, vix or any others, they have just become a next number. cheers!!...
In reply to:
EWT Alert: Downward logical target is near
Posted by : Callahan
Hmmm... Yesterday Lata venkatesh was busy claiming rupee will climb by atleast a rupee !!! Today its broken 49 again... Doing just the opposite... BTW kotak comes daily in one form or the other and claims market will go up... The day it goes up once in a way... He is all over the place with different IDs... Ha Ha Ha Ha Ha... ROFL... Coming to liquidity problems it is on the debt side the MFs have problems... If it does on the equity side we might as well get ready for 4000 on the index... Ha Ha Ha Ha Ha... ROFL...
PS: Waiting for 8900 to break for determining next level... Cheers...
Tracked by: 4 Boarders
Hi Sathyananda,
U r Absolutely right for predicton that SENSEX shall go below 6000 before JAN 2009
thanx...
In reply to:
Do you see the Sensex slipping below 10,000 in October?
Posted by : Guest
Sensex by November end go down to 7500 and by January will be at its rightful place of 5500 which is 2004 levels.
Sathyananda
Tracked by: 0 Boarder
As we look back in history to see if we can figure out what the heck is going on...as we ask ourselves what we can do about it, we must always remember that history and markets often repeat themselves.
As I sat down at my home computer on wednesday, the broad markets were down about 50% from their all-time highs.
That hurt. It hurt me as an investor.
Eventually the markets will stabilize. Fear will subside and greed will begin to pick its head up off the mat. Greed will jump to its feet, with adrenaline rushing and put up one heck of a fight, like we saw this past Monday.
Who wins? Well in the short run its anybodys guess. But what about the short and intermediate term?
History tells us that with every market crash comes a bounce...a -dead-cat bounce- and with the way this market has fallen this bounce should be a big one.
So we got our first bounce - a big one - and then the markets will drop again.
We will test new lows, we will put in a bottom, wewill build a base and eventually we will climb to new highs.
So what are we to do?
Cash will still be king in the coming months. You will be able to take advantage of the huge opportunities this market will give us. There will be short-term trading opportunities as the market bounces up and down.
There will be intermediate investment strategies as we head into what looks like a long-term bear market and there will be long-term buy and hold opportunities offering up those once-in-a-lifetime gains.
Huge profits will be made in the coming weeks, months and years. Get ready.........
...
Tracked by: 0 Boarder
Reliance Industries is one of the major losers today. The stock has plunged below the promoter's warrant conversion price of Rs 1,402 per share. According to CNBC-TV18's Sajeet Manghat, FIIs have lost conviction in this stock. Delays in execution is the main reason for the stock’s underperformance. ...
Tracked by: 1 Boarder
Dear Aru,
You had sent me site address to track live quotes of indian ADRs during NY Ex trading hours.I think it has been deleted(God knows why?)Can you please send it to me again? Is there any better site where indian ADRs are quoted separately?Regards
...
In reply to:
Nifty 3600 ...an option route
Posted by : vam_aru
I have sold 3500 CE at 42 , and 2 lots of 3650 at 25 rs each, so I have got 4600 rs, and the Margin bloked is around 65 K. If NIFTY closes below 3500 on 29-Oct-2008, 4600 rs is mine... around 8 % of 65 K.. one can play like this on the last two days of the expiry.
the risk i took based on the Fact that NIFTY might not be crossing 3500.
