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Moneycontrol.com >> Messageboard >> Category >> Market View >> Market Outlook - Short Term
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22 Aug 2008 01:27

Dear Karthik,
i don understand you went long on 244 and short on 230!........... dint get you!
or is it went short at 244 and long on 230?
to be true by friend... markets will surprise you from now on! this is what i have been told and to stay away....
man be careful, its gonna be stock specific markwt now, as crude has risen i think essar will gain
Regards,
sorry for i don track essar...

In reply to:

Can Nifty sustain above 4600 this week?

Posted by : Karthikn

Dear Buddy,

Yes today I recovered my losses. Had I been patient enough to wait after 2:30 I would have made handsome profit. Its seems I was destined to just breakeven for today. No regretts.
I have been stuck in EsarOil for past 10 days. Having a long position at 244 and a short position at 230. If you see any way to come out of this tangle please let me know.

Regards.

22 Aug 2008 00:59

HBJ Capital Says, -Selling pressure high in Indian Stock Market: SHORT Nifty Future or Buy PUT Option for 100% Profit before Expiry-.

VISIT HBJCAPITAL DOT COME FOR MORE INFO.

Market Update for Aug 22nd, Friday...
HBJ Capital's Research Team in our earlier posting has suggested that nifty will continue to fall due to fear on inflation and after bounce back in crude oil prices. We expect nifty to close below 4200 or may be 4100 by expiry on Aug 28th.

Indian shares extended losses to 3 percent on Thursday ahead of weekly inflation data as rising oil prices rekindled fears of inflation and further monetary tightening by the central bank. On Thursday morning, Indian Stock Market opens weak, after getting weak cues from the major Asian markets and a rebound in the price of oil weighted on sentiment. Additionally, investors were on the sidelines ahead of the release of wholesale inflation data this evening.

Heavy selling by funds across the board saw indices plunge sharply. Banks, real estate and power stocks face the brunt ahead of inflation data. Inflation for the week ended August 9 was expected to be around 12.66 per cent for the week ended August 9 against 12.44 per cent previous week.

Foreign investors have already sold Rs 3,300 crore in equity markets so far this month. Mutual funds and retail investors were holding the markets to some extent. However, as the global scenario is turning shaky, domestic investors preferred to play safe by liquidating their positions.

The Nifty futures witnessed short build-up in the August and September futures contracts. The Nifty August futures ended at a marginal premium of four points at 4,287 as against the spot Nifty which closed at 4,284 (down 132 points). -Inflation concerns are increasing. We are expecting inflation to rise further towards the end of the third quarter, and one more round of monetary tightening before inflation starts to stabilize.

India's inflation hits new 13-year peak to 12.63%!!!

India's inflation has accelerated to a 13-year peak, official data showed Thursday, fuelling expectations of more monetary tightening. Annual inflation jumped to 12.63 percent for the week ended August 9, from 12.44 percent for the previous week, according to the Wholesale Price Index, India's most-watched cost-of-living monitor.

The inflation rise announced late Thursday was in line with analysts' forecasts, but far above the central bank's end-of-year target of seven percent. The Reserve Bank of India has raised rates three times since June in a continuation of an aggressive tightening policy that began in 2004 and which has slowed growth in Asia's third-largest economy. The bank's key short-term lending is now at nine percent -- a seven-year high.

India-US nuclear deal update - NSG meeting started on Aug 21st.

The Nuclear Suppliers Group, which controls the export and sale of nuclear technology worldwide, debated Thursday whether to amend its rules and allow India to share US knowhow.

Gathering at Japan's permanent mission to the IAEA, the highly-secretive 45-member NSG began a special two-day plenary to discuss a US proposal to grant India -- which refuses to sign the Nuclear Non-Proliferation Treaty (NPT) -- an exemption and allow it access to US nuclear materials and technology.

Under NSG rules, all nuclear trade with India is banned because it refuses to sign the NPT.
...

22 Aug 2008 00:56

Amit Dalal of Amit Nalin Securities said that the heavy FII selling seen will pressurise the markets and feels that then technology stocks have been overbought. He believes the market will now position itself based on technicals.

...

22 Aug 2008 00:18

hi radhika nandlal
Iam a small trader, but would like to make some money from option trading, would be highly obliged if you could recommend some to me....

In reply to:

21st August

Posted by : radhika_nandlal

ystay nifty 4300 PUT was Rs 30 only.. seeing the bearish technicals i thought what a mouth watering price.. and see its value is up 150% today... you could have more than doubled ur money... so who still says ALEX makes money selling his books?? If his student could have doubled her money today what about Alex the lord himself especially in US markets which follow technicals perfectly.... so give technicals at least a 50% chance if not 100% chance!!!

21 Aug 2008 23:59

On the basis of my little experience and seeing the movement of front liners, and also of the hunch, that \"FEW ECONIMICALLY BIG, whoever they are, regardless of ethical and MORAL considerations, are duping the Indian public or people elsewhere,. It is my earnest desire, that despite the political compulsions, We INDIANS, should not be DUPED by such FEW trying to Control the people in INDIA or elsewhere, creating the Illusion of MAYA, remain BALANCED and not be swayed by the MIRAGE (MRIG TRISHNA). Till the Time, the price of PETROL, where the investment, of those BIG has grown 100 Times in a span of year or so, maniupulating, the prices, in speculative market, and I FIRMLY BELIEVE “That PRICE, not backed by delivery, is not a price and is ILLUSION, nothing LESS Nothing More !!.” Those In India, Propogating, that Futures Market in Commodities or Stocks, do not affect prices, In INDIA OR Elsewhere, are disillusioned LOT, believing in the Simplified Version OF CAPITALISM, like those Who believe in the Simplified version of Communism. “
HENCE, I PRAY TO ALL INDIANS, NOT HAVING THE RETAINING CAPACITY COMPARABLE TO THE BIG FEW SHOULD KEEP AWAY FROM THE SPECULATION IN STOCKS OR COMMODITIES“ . This view of mine is backed by various indian concepts relating to gambling and also by the saying of PRUDENT AMERICAN, viz. Mark Twain,
\" A person should not SPECULATE TWICE, once When he can, and the other. once when he cannot\"
The movements in the market are manipulative and to understand that kindly refer to my post on 19.08.08 or so under “Odd one out” on this message board( Money Control.... )and also at I would welcome comments, even if against my point of view. This is facilty is also at \"http//nhindia.blogspot....\" I welcome u all to post your comments on this board and on my blog site, which though is not regular
...

21 Aug 2008 23:46

On the basis of my little experience and seeing the movement of front liners, and also of the hunch, that \"FEW ECONIMICALLY BIG, whoever they are, regardless of ethical and MORAL considerations, are duping the Indian public or people elsewhere,. It is my earnest desire, that despite the political compulsions, We INDIANS, should not be DUPED by such FEW trying to Control the people in INDIA or elsewhere, creating the Illusion of MAYA, remain BALANCED and not be swayed by the MIRAGE (MRIG TRISHNA). Till the Time, the price of PETROL, where the investment, of those BIG has grown 100 Times in a span of year or so, maniupulating, the prices, in speculative market, and I FIRMLY BELIEVE “That PRICE, not backed by delivery, is not a price and is ILLUSION, nothing LESS Nothing More !!.” Those In India, Propogating, that Futures Market in Commodities or Stocks, do not affect prices, In INDIA OR Elsewhere, are disillusioned LOT, believing in the Simplified Version OF CAPITALISM, like those Who believe in the Simplified version of Communism. “

HENCE, I PRAY TO ALL INDIANS, NOT HAVING THE RETAINING CAPACITY COMPARABLE TO THE BIG FEW SHOULD KEEP AWAY FROM THE SPECULATION IN STOCKS OR COMMODITIES“ . This view of mine is backed by various indian concepts relating to gambling and also by the saying of PRUDENT AMERICAN, viz. Mark Twain,

\" A person should not SPECULATE TWICE, once When he can, and the other. once when he cannot\"
The movements in the market are manipulative and to understand that kindly refer to my post on 19.08.08 or so under “Odd one out” on this message board( Money Controlcom) and also at I would welcome comments, even if against my point of view. This is facilty is also at \"http//nhindia.blogspot\" I welcome u all to post your comments on this board and on my blog site, which though is not regular ...

21 Aug 2008 23:41

Dear OT,
Thanks for keeping track of this strangle.If you recollect ,I had questioed you as to why you hv purchased this stangle and why not shorted.I wanted to know why you are wary of shorting....what is the risk involved.Now the result of shorted strangle ...i think vindicates my point.Your veiws please.regards...

In reply to:

Option positions taken-OT

Posted by : Oldtimer

Dear Mohanji,

Your short strangle:
CE4600 120 PE4200 57 177
is now:
CE4600 23 PE4200 15 38

It has already made 177 -38 = 139

And going by the movement of the Nifty it is pretty safe and you'll make the entire 177 this month.

Regards

OT

21 Aug 2008 22:40

The compulsion on cement companies to hold the price line amidst the rising input cost was clearly evident from the flat realisation reported by frontline companies in the first quarter of fiscal year 2009 compared with the fourth quarter of fiscal 2008 (sequential basis).

As part of measures to control inflation, the Government wanted cement companies to moderate price rise.

Ambuja Cement’s realisation was up 4.06 per cent at Rs 179 per 50 kg bag, while ACC’s was up 3.61 per cent at Rs 172 a bag. UltraTech and Shree Cement realisations rose 3.03 per cent to Rs 170 a bag and 1.26 per cent to Rs 160 a bag, respectively.

Realisation for the south-based Madras Cements and India Cements were up 3.91 per cent at Rs 186 a bag and 2.91 per cent at Rs 177 a bag.



...

21 Aug 2008 22:03

he dollar slipped on Thursday as oil prices rose past 9, even after the number of Americans filing for unemployment benefits dropped.

The 15-nation currency rose to .4830 in early morning trading in New York from .4768 late Wednesday.

Light, sweet crude prices rose above 9 a barrel in electronic trading on the New York Mercantile Exchange on Thursday morning.

Investors often use oil as a hedge against a falling dollar and rising inflation. The prices of crude futures and the dollar have tended to move in opposite directions.

The Labor Department said Thursday that the number of workers filing for unemployment benefits dropped by 13,000 to 432,000, more than expected. But the four-week moving average, which grew to 445,750, is at its highest level in almost seven years.

\\`Profit-taking off recent gains and the fact commodity prices are edging higher once more is ensuring that the dollar retreats further from the highs it saw earlier in the week,\\` said James Hughes, a currency analyst with CMC Markets.

In other trading, the British pound rose to .8705 Thursday morning from .8615, while the dollar slid to 108.25 Japanese yen from 109.79 yen late Wednesday in New York. ...

21 Aug 2008 22:02

he dollar slipped on Thursday as oil prices rose past 9, even after the number of Americans filing for unemployment benefits dropped.

The 15-nation currency rose to .4830 in early morning trading in New York from .4768 late Wednesday.

Light, sweet crude prices rose above 9 a barrel in electronic trading on the New York Mercantile Exchange on Thursday morning.

Investors often use oil as a hedge against a falling dollar and rising inflation. The prices of crude futures and the dollar have tended to move in opposite directions.

The Labor Department said Thursday that the number of workers filing for unemployment benefits dropped by 13,000 to 432,000, more than expected. But the four-week moving average, which grew to 445,750, is at its highest level in almost seven years.

\\`Profit-taking off recent gains and the fact commodity prices are edging higher once more is ensuring that the dollar retreats further from the highs it saw earlier in the week,\\` said James Hughes, a currency analyst with CMC Markets.

In other trading, the British pound rose to .8705 Thursday morning from .8615, while the dollar slid to 108.25 Japanese yen from 109.79 yen late Wednesday in New York. ...

21 Aug 2008 20:49

The second incarnation, this time in ‘3G,’ of Apple’s phone phenomenon, the iPhone, has come to India just a month after its launch in the United States. Two leading mobile operators, Airtel and Vodafone, will sell the phone starting Friday. And they have announced identical pricing.

The new iPhone model which harnesses 3rd generation cellular phone networks (high-speed Internet, voice, text, sound and video) is, in reality, a neatly packaged combo of a mobile phone, an Internet device and Apple’s iconic music player iPod.

By also throwing in a Global Positioning System (GPS) receiver for satellite-based location technology access, it challenges the current generation of smart phones.

The pricing announced by the two mobile providers is: Rs. 31,000 for the model with 8 gigabytes of memory and Rs. 36,100 for the 16 GB model. This price is a bundle of their Internet-plus-cellular service with the handset.

This might seem stiff compared to the current price of the 3G iPhone in the U.S. — $199 (about Rs. 8500). But that is the price charged by telecom provider AT&T, who adds different tariff slabs for the services. Since they tend to be much higher in the West compared to India, they heavily subsidise the phone and make their money by tying the customer to annual subscriptions.

For Information,with regards
rvk41...

21 Aug 2008 19:49

Hi Patience,
Looking forward to guidance from you on the long side, the market seems to be getting harder to comprehend in term of moves everyday.

Thanks
Nish.....

In reply to:

Nifty may not see 4000 mark again !!!!

Posted by : patience

Dear Abhishek

I am CALM like cucumber :-) 4250 is my next level of entry and i will do that whenever it comes.

Happy Investing
Patience

21 Aug 2008 19:47

abhishek,
Immediate target of 4600 is out of question. The way Fannie and Freddie have fallen in US trading in the last few days seems to indicate that a big financial failure is just around the corner (and possibly the biggest). Crude contracts seem to be on the long side on a weaker dollar speculation. This would have implications for inflation going forward.
It seems that there is another downside leg pending in our markets. Be very careful.

Thanks
Nish...

In reply to:

Nifty may not see 4000 mark again !!!!

Posted by : abhishek29

hi patience i think it is the best time to initiate longs (NF 4290)for a immediate target of 4600 what's your view on this level.
BE CALM

21 Aug 2008 19:46

Dear Abhishek

I am CALM like cucumber :-) 4250 is my next level of entry and i will do that whenever it comes.

Happy Investing
Patience...

In reply to:

Nifty may not see 4000 mark again !!!!

Posted by : abhishek29

hi patience i think it is the best time to initiate longs (NF 4290)for a immediate target of 4600 what's your view on this level.
BE CALM

21 Aug 2008 18:59

hi patience i think it is the best time to initiate longs (NF 4290)for a immediate target of 4600 what's your view on this level.
BE CALM...

In reply to:

Nifty may not see 4000 mark again !!!!

Posted by : patience

Dear guest,

You have mistaken me by calling me a bastard, i am not born to your mom...
I am still LONG and waiting for next level to initiate fresh buying.


All the best
Patience

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