dear sp.palo,

our market is been fii driven and and global situation will improve or go down ,no one knows.now days,nothing is impossible. investor confidence is shattered and they will be happy if volatility cools down and market stabilize at this level.

cheers!!...

Dear Bull2008,

When everyday some panic news is circulated and few big one eats all the liquidity and cry for help, no body knows what will happen next.let us see how long investor around the world will surrender to sheer manipulation and taken for ride.Few big ones will gather all the wealth from many many small ones.

at last nifty has given 200 points bounce. little stability is more important than this craziness of high volatility.let us hope some sense returns to market and annihilation of investor stops.

Cheers!!...

61.8 % of fib label which mentioned in that last post is done. This is true if we take the bull market post 2004, if we consider the bull market post 2001, then 61.8% level has to come yet and which is just below 3000, So in worst case my levels to watch will be 2950-3000 on nifty .

Anyway my 25% protfolio buy in fire sale shopping is over last week and won`t put a single penny more unless market becomes little stable.


Vivek Patil of icicidirect been giving some theory about 8years of cycle and 55% cut from top and according to that nifty level comes at 2860. Let us see how market behaves in coming days.

Real game is shifting again to call money rate and again its zooming , on friday it touched 22% intraday. high call rates suggest that there is shortage of Rs and Rs making new low against $. what the hell is going on? sheer speculation.

Please note that this is not the first time, call money rate is zooming and has taken over maximum PLR. In last week of March 2007, call rates was zoomed to 75% on 21st march 2007, see the chart above for call money rate. On 1st June 2007, do you know how much it was , it was just 0.01%.

If we take the history of call mony rate zoom, close to every massive fall, call money rates zoom and market becomes a hyper pessimistic place. Soon

Anyway from yesterday 1.5% crr cut is effective and 60000 cr will come into the system and on saturday call rate was down to 10%. But next week will be things to watch out for call money rate. anyway i don`t think game is over in call money rate and in name of liquidity crunch, again sooner or later it will zoom to + 50% and then may be RBI will allow bank to use its repo window to borrow and use the fund for lending.

anyway i expect to hear some more bad news from media and print channel about very high call rates( they have already started this) and creating more panic in stock market and that may compel RBI to do some more and probably intrest rate cut, let us hope RBI doesn`t cut interest rate and keep using crr as tool to pump more money. first sign of liquidty ease will get reflected in call money rate,that will work towards providing stability in stock market. So watch out for this. ...

nifty down 6.7% but feels like market down by 20%....

block deal started in airtel?, so this is next in queue....

we already had chance of hitting circuit twice but it didn`t happen. don`t think there will be circuit. midcap index is already down 10%, so if circuit happens better for , at least midcap stock will be saved for 1 hour....

chalo ek bar phir se lower circuit ke taraf chale....

Hi, At this level very heavy offload done by FIIs. Very alarming sign, Voltas easily avaible around Rs. 50-55. Take wise decision....

dear sam_pd, i fear the FII were waiting for this level of Nifty for selling. Still the global scenario is uncertain, so as our markets. Though todays pull back gave some confidence, still new low is possible if all FIIs decide to get out of India. cheers shakti...

Dear Sam We may be near the intermediate bottom but the big question is if any of the big assets comes under pressure with might see freefalls once again. Other postive developments are The Nuke deal too has been signed. Crude has slipped below the 80$ mark. Cheers ...

HDFC Securities has maintained its buy rating on Bharti Airtel...

nifty down 6.7% but feels like market down by 20%....

chalo ek bar phir se lower circuit ke taraf chale....

ok sam my apologies if i sounded sarcastic never meant to offend u.regards...