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Tracked by: 110 Boarders
Thanks lovemeall sir.
I would come back from school around 2:45pm so whatever rate would be prevailing would have to sell pe at that. So by your guidance i feel that now you are expecting a bounceback in nifty. Thats good for my longs.
Can you give an approx target where i should be booking profits in my longs.
Thanks sir
Rajat....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
lovemeall26
Hi coolboy,
Your father is doing the right way of investing by entering his choice of stocks in a staggered manner. Never invest everything in one go. I am also waiting for some more dip in HDFC and HDFC Bank. Although Hdfc came down to 1641 on friday, my order was for 1600. I know it has a possibility of sinking down to 1400 too wherein I shall pickup more of it. HDFC Bank is still going strong by not breaking 975. Am waiting for it to break 975 as then it can sink badly too. ICICIBank seems to have been oversold, will think about it at 300 levels. And RIL, well, its like buy one get one free. Its a buy at any levels below 1600.
Regarding your options, I would suggest to get out of your 3400 put on monday on a small dip and hold unto your calls and on a good upmove, get out of your 4500 calls coz that is too out of the money. I feel your 3600 call can give you good profits. Hang on. You still have some more time in your hands.
take care
lovemeall26 
Tracked by: 0 Boarder
Two banks fold, bringing total to 15 failures this year
By John Letzing, MarketWatch
Last update: 6:50 p.m. EDT Oct. 10, 2008Comments: 56SAN FRANCISCO
(MarketWatch) -- Northville, Mich.-based Main Street Bank and Eldred, Ill.-based Meridian Bank became the latest victims of the ongoing financial crisis on Friday, when they folded and their deposits were transferred by the Federal Deposit Insurance Corp.
The closures are the 14th and 15th bank failures so far this year.
The FDIC said in a prepared statement that Main Street Bank had $98 million in total assets and $86 million in total deposits as of Tuesday. All of Main Street`s deposits were assumed by Monroe, Mich.-based Monroe Bank & Trust, the FDIC said.
The FDIC said that Meridian Bank had total assets of $39.2 million and $36.9 million in total deposits as of Sep. 25. National Bank will buy roughly $7.6 million of Meridian`s assets, while the FDIC will "retain the remaining assets for later disposition," according to its statement. All of Meridian Bank`s depositors, "including any with deposits in excess of the FDIC`s insurance limits," will automatically become depositors of Hillsboro, Ill.-based National Bank, the FDIC said.
The FDIC said Main Street Bank`s failure will cost its insurance fund between $33 million and $39 million, while Meridian`s failure will cost the fund between $13 million and $14.5 million....
Tracked by: 110 Boarders
Dear Lovemeall26,
Two more snmall banks fail, That brings a total to 15 Banks failure, Let see if this is not playing a dampener again in DOW markets...? and yesterday what a volatility it witnessed, 1000 points volatility from Low to high, ( 7882 to 8900 ).
Investors need to find a way to protect their portfolios... ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : lovemeall26
Hello vam_aru,
Yes I agree with you that this volatility has become a day traders nightmare as deep stop losses are also being hit so easily. We need to consolidate for some time down here before a healthy upmove can begin, but yes again, global cues are just unrelenting in their negativeness. Hopefully, we will not have a gap down on monday although the dow sank nearly 700 points at one time on friday. Crude falling below 80 alonthwith emergency measures being taken around the world might stabilize the markets for a day or two, but our IIP figures sure was a dampener. Lets see, where we move from here.
lovemeall26
Tracked by: 110 Boarders
Dow has blown through 5 year support.....now 10 year support comes in @ 7500 to 8200 and it was tested couple of times back than n that`s where the bull run started to 14000...... looks like a complete 8 year cycle to me.... you can check that out on Google finance.....cheers...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pkk07
This may be the fifth and final down wave for Nifty but for S&P it is only the third. And Elliot Wave practitioners are projecting that after a pullback sometimes next month, S&P would again fall for the final time to find its bottom.
Assuming that is true, I would say that Indian markets can not rally with US markets falling. So bottom is still a little distance away.
Tracked by: 0 Boarder
Dear bubbu, It is not difficult for us to bring back the market without the help of FIIs. Fundamentals of Indian economy are sound. Agriculture is expected to do well. Govt has given enough money in the hands of farmers. Even if 50% of this money is utilized to improve farming, the country will achieve much higher agriculture growth. Govt, PROMOTERS and investors must act to overcome void created by the exit of FIIs. Firstly, the Govt must create stock market stabilization fund with a seed money of Rs. 10000 cr. The fund may be put at disposal of UTI, SBI and other M/Fs of repute. As the fundamentals of the economy are strong, the Govt is sure to make handsome profit on this fund in coming years besides stabilizing the market. Secondly, the Indian investor should show the real grit and confidence and start investing. There are some 15 million investors in the market - direct and via MF. If each investor just makes an investment of Rs 25000/, total investment will amount to Rs 37500 cr. Total investment of some Rs 50000 cr will have profound effect on the stock market recovery. Cascading effect will bring more money from investors and may be FII outflow will stop. Govt will not only recover money, but get much higher taxes the vibrant stock market and IT. Promoters will also make hand some profits and much more money for their future plans....
In reply to:
Is indian economy collapsing????!!!!
Posted by : bubbu64
Dea bull 2008
If India can make it without the help of the FII`s ( which is not possible in reality) and run ahead on its own steam with courage and conviction steadily and without falling pray to the charms of the CDO`s, SIV`s etc. We have the ability ( we threw out the brits without firing a bullet), we have the knowledge ( indian have the best brains in the world and has been proven, I have lost count), we have the perseverance (many have made it from the worst poverty levels and even the middle class i.e NRN ) and finally we have the self control ( we didnt attack pakistan despite Kargil ). All in all we make a great package but we only lack in one aspect very much needed in today`s tough world and that is self confidence ( we tend to get weak kneed at times or even falter when the going gets tough ). You have the confidence then I am sure India can even be the no 1 developed country in the world. Other boarders can make any comments on what I have written.
Regards
bubbu64
Tracked by: 110 Boarders
Dear HLN,
Whoever watched DOW closely on Friday would not have been forgot the Volatility in the near term, It has Moved 1000 Points ( 7883 to 8901 )if you take the Top and bottom, and still finished 180 points lower than thursday...
Let hope they have put a bottom at 7883 for good.. otherwise small investors will bleed......
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear vam,
Bears have taken their toll. No serious slide in Dow
anymore. It may not fall below 7500. It touched 7883
on Friday.
Tracked by: 0 Boarder
Bear Cartel,
Yes there was no ban on shortselling in futures market.. it was only cash i realize....
In reply to:
Dangerous to Short the market
Posted by : BearCartel
Short selling cannot be banned here without closing down the futures markets... even shortselling in cash has been banned in other countries not the futures market... if shortselling is banned then how can the futures market operate ? only buyers for futures is impossible... the shorting ban elsewhere is for shorts in cash without delivery....
Tracked by: 1 Boarder
Hi poojadevi
Only some in the markets know that its better to close our postions and when before losing. The survival game is hard to learn in the markets and there is nothing than is free in the markets.
Cheers...
In reply to:
Has your confidence in equities been shattered?
Posted by :
poojadevi
i have no loss in market bcz i dont follow broking house recomadation..u should know how to manage money first before coming to stock market.whenever i tend to get loss i withdraw money and make my capital less.i dont take delevery of a group shares..i choosed shares which looked like moving through upper circuit filters..and bought and sold at the time when the freeze quantites looked less..( last year)..i with drew all money..now i just to jobbing..i think all broking houses with young mba`s..cheated lot of middle class families..most retired people where attracted by young girls in broking houses and lost all their money..
After a long Hiatus I am attempting to write another contrarian picture after 5 years. My last post on structural aspect of market was way back in 2003 where I stated to exit in 2007 (and I exited when sensex was 18000), and faced brick bats. I am thankful to few boarders who appreciated my views (old timer, Stanley, marketguy etc) and for them I am writing once again.
We are in a lovely phase of accumulation and yes, I can say that cause I am not invested and sitting pretty much on cash, though I have deployed around 2 lacs, but holding significant liquid to be deployed starting next week and going up to 2010. Basic theory once again – the 8 year cycle and this time I am sure we are going to make the mega bucks – forget multi baggers – the opportunity in 2016 to cash out will need a change in word from ‘multi’ to mega baggers.
Cheers
Kamalendu
...
Tracked by: 3 Boarders
+++++++++++++++++++++ Bank Crisis Scenario +++++++++++++++++++++
Day 1: Four major banks are suddenly revealed to be insolvent, and money begins to be withdrawn from these banks at increasing rates. That night, foreign investors quietly begin to retreat from a stricken US banking system, and the withdrawals spread beyond the four stricken banks. As bank servers begin to log more and more withdrawals, alarm bells go off, and late-night emergency meetings are convened.
Day 2: The next morning, US government and banking officials assure the world that everything is fine and that a new program has been put in place guaranteeing the solvency of the US banking system. Behind the scenes foreign money continues to flee as wealthier individuals and institutions with a better view of the real state of affairs retreat to the safety of their home countries.
Days 3-7: The expatriated money is converted into anything other than dollars, resulting in a dollar slump that confuses all but the most astute of observers. Simultaneously, US interest rates begin to climb, as US bonds are sold off in preference for non-US assets.
Day 14: Fearing a massive run on the dollar and a collapse of the capital markets, the US imposes an emergency order, requiring a 2-week delay in money flows out of the country. This is, of course, nothing more than a capital control, a favored but ultimately inflammatory tactic of countries suffering a currency run. Around this time, a growing proportion of domestic bank account holders realize that, because of the interlocked nature of the banking system, simply moving money from one bank to ‘a better one’ is not a fool-proof strategy.
Days 15-21: Over the next week, cash is demanded with increasing frequency, exacerbating the troubles of an already beleaguered banking system. A cash shortage rapidly develops, leading the Treasury Department to make a high profile show (on television, of course) of armored trucks pulling up to banks with large bags of cash. Assurances are made that everything is fine and that there is enough cash for everyone. Commentators on television make snide comments about the people lining up for cash, suggesting that they are over-reacting. But the Treasury is caught off guard, and even a 24/7 printing regimen cannot keep pace with cash withdrawals.
Day 25: Currency controls are announced over the weekend, limiting cash withdrawals to no more than $250 over every 48 hour period. A few days later, the government announces that the US banking system, and, by extension, the US stock markets, will be closed for a period of two weeks while the situation is “evaluated” and solutions are identified.
Day 50+: A month later, the markets finally open up again, with the Dow down several thousand points, the dollar worth 50% of its pre-close price, and people everywhere suddenly trying to convert their cash holdings into things. Rampant inflation ensues. The dollar continues to fall.
+++++++++++++++++++++ End of Scenario +++++++++++++++++++++ ...
In reply to:
Americans Common Sense Prevails...
Posted by :
jems000
Respected Kalidasji
I am here posting here A CoPy Paste massage which i have seen on another blog. Please take time to read it and what do u feel about that scenario?? Possible or Impossible???
A
Tracked by: 3 Boarders
Respected Kalidasji
I am here posting here A CoPy Paste massage which i have seen on another blog. Please take time to read it and what do u feel about that scenario?? Possible or Impossible???
A ...
In reply to:
Americans Common Sense Prevails...
Posted by : chchch
Dear bubbu 64, I booked for a plot of land a year back, in AVC Township (kindly visit avchousing dot com and see the route map and location). So far, in two instalments, half of the payment has been made. The plot is yet to be registered in my name. I understand that some final approval from Greater Hyderabad Dev.Authority (some name like that) is yet to be received, which is stalling the final documentation. I would like to have your opinion on the above, especially whether the promoter is of repute, his commitment and also location of the project. Kindly leave personal message in my id.
Tracked by: 110 Boarders
Yesteday when huge selling was happening, Mr.C.J.Mathews Sankarathil,MBA told the news man which appeared in the boarder that the market won\`t fall below 10000 levels. Exactly it happend and stayed above. But he continued to see further fall if mutual funds atars redemption.If it happens from Indian Mutual funds then the market may move to 9000 levles which will be holding the bottom space.He is so positive on Reliance shares.He see the RPL +ve if falling continues too.He was the one first said the RPL will cross Essaroil soon, it happend. In the coming bounces you may see the RPL crosses Cairn buy december 2009 and stand above 350 Rs.......
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : novice1000
dear BSR,
Quote: Will those macro fundamentals stories look fine after a year as base effect will be less?
Unquote: I dont know about the stories.. i know only about my calculated analyses.
I have a very clear picture in mind how the macros affect the growth and how the impacted growth will affect the movement of indicies.
And during this kind of bearish phase,first the economy should stabilize( read as growth).During that phase, the bad sentiments and the liquidity crunch will make indicies move slower than the actual ecomomic growth before forming a base for next bull run.
Quote:However, this itself show how easily various GAME is PLAYed in different markets when every BS experts start claiming Oil going towards 200 USD!
Unquote:The projected target price of 200 USD per barrel was a speculated one(Not a fundamental one as the excessive demand than supply).
Whether such speculated targets will ever be met or not depends on
1) The ability of the speculators to take it there.
2) And the real intensions of speculators whether they really want to take it to that level or not.
Now the real question is not about crude price reaching that level. Instead how long the crude price was maintained at a level which is beyond the bearable level for our country. In fact for almost 6 months it was at higher levels which made all the fiscal plans awry.
Quote:Let us see if market moves up in hurry as no one knows and market is not in control of one group!! Once those BS FIIs start BUYing, everything will look better!
Unquote:At present markets are at fair levels.There is only one group that creates excesses in the markets...US based investment banks, hedge funds and other institutional investors.But they are handicapped right now.
DIIs, sovereign funds, Indian retail investors never create excesses in the over all markets( except stray incidents like some promoter groups and few HNIs playing with some small caps).If at all DIIS and sovereign funds create excesses, they bankrupt like their western counterparts.
Quote:As I told you before depending on the movement of Nifty, all kind of BS reasons can be given!
Unquote:I dont know about BS reasons, but i have been telling this since July 2008 when i was convinced about the disturbed macro fundamentals.
From purely fundamental perspective, i said( in July 2008) 15600-15800 will act as cap for the month of August 2008.
For me, the next cap for the month of Nov 2008 was 16100 which i had in mind before the Lehman`s filing for bankruptcy.So i was forced to relook at the upside cap after the Lehman`s incident.I was expecting those bankruptcy incidents to take place after Nov 2008.
And pls dont confused that the projected upside cap as the projected target.
regards
Tracked by: 0 Boarder
Dear bubbu64
We are the best and the only civilization in the world that is surviving. This speaks for itself and this is because of the ethics and value we carry in our hearts and soul. We survived many foreign rule`s and that has definitely dented our growth and impacted the way think and our life style`s.
The biggest difference that will make India grow in its quest to be the best is its freedom and democratic setup. The new generation that is born in free India and is the youngest country in the world will arrive on the map of world super power soon. This generation is our biggest asset and weapon in our quest to be on the top.
This makes sense for the world players to be here in India for the best talent pool and the cheapest cost of production. Large availability of natural resources at the cheapest cost. One of the best destinations for IT and IT enables services. Now country which have the safest banks and a healthy markets.
All this has to improve to world standards that will take time and we will have to keep our patience till than and keep moving in the right direction.
Regards
...
In reply to:
Is indian economy collapsing????!!!!
Posted by : bubbu64
Dea bull 2008
If India can make it without the help of the FII`s ( which is not possible in reality) and run ahead on its own steam with courage and conviction steadily and without falling pray to the charms of the CDO`s, SIV`s etc. We have the ability ( we threw out the brits without firing a bullet), we have the knowledge ( indian have the best brains in the world and has been proven, I have lost count), we have the perseverance (many have made it from the worst poverty levels and even the middle class i.e NRN ) and finally we have the self control ( we didnt attack pakistan despite Kargil ). All in all we make a great package but we only lack in one aspect very much needed in today`s tough world and that is self confidence ( we tend to get weak kneed at times or even falter when the going gets tough ). You have the confidence then I am sure India can even be the no 1 developed country in the world. Other boarders can make any comments on what I have written.
Regards
bubbu64
Tracked by: 1 Boarder
Yesteday when huge selling was happening, Mr.C.J.Mathews Sankarathil,MBA told the news man which appeared in the boarder that the market won\`t fall below 10000 levels. Exactly it happend and stayed above. But he continued to see further fall if mutual funds atars redemption.If it happens from Indian Mutual funds then the market may move to 9000 levles which will be holding the bottom space.He is so positive on Reliance shares.He see the RPL +ve if falling continues too.He was the one first said the RPL will cross Essaroil soon, it happend. In the coming bounces you may see the RPL crosses Cairn buy december 2009 and stand above 350 Rs.......
In reply to:
Has your confidence in equities been shattered?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 1 Boarder
i have no loss in market bcz i dont follow broking house recomadation..u should know how to manage money first before coming to stock market.whenever i tend to get loss i withdraw money and make my capital less.i dont take delevery of a group shares..i choosed shares which looked like moving through upper circuit filters..and bought and sold at the time when the freeze quantites looked less..( last year)..i with drew all money..now i just to jobbing..i think all broking houses with young mba`s..cheated lot of middle class families..most retired people where attracted by young girls in broking houses and lost all their money.....
In reply to:
Has your confidence in equities been shattered?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
