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Tracked by: 69 Boarders
Hey Jonas,
You used the term "Hedge Funds play". This seems to suggest as if these people are manipulating these trends. But for $ at least that is not the case. There are fundamental reasons for $ to be strong. Also the interplay is not that easy. If $ strengthens, Oil weakens right. But strong dollar also causes the FII investment in India to lose value which is contrary to the $ effect on Oil. So I would assume these two cancel each other out and Oil no longer remains a major trigger unless it does something really drastic....
In reply to:
WILL NIFTY HIT 3600
Posted by :
jonas
Hi Pkk
The trigger can be crude oil both ways.
If crude climbs up to $ 130 we may see the support of 3816 broken but if oil tanks dn to $ 102 we may see Nifty breach the resistance of 4650 n hitting the roof to 5000.
USD also needs a careful watch. Long USD is short oil.
HEDGE FUNDS PLAY :
JAN to MAR 2008 : Long precious metals.
APR to JUNE 08 : Long crude oil.
JULY to SEP 08 : Long US $.
OCT to DEC 08 : Long world equities ex Brazil. ( assumed ) 
Tracked by: 0 Boarder
ok done for teh day.. to make good my losses for today i bought sept mininifty one lot.... no overtrading.....
In reply to:
28th July
Posted by : mohanji
NO...NO ..I am still in loss. I hv to book loss
Tracked by: 69 Boarders
Hi Pkk
The trigger can be crude oil both ways.
If crude climbs up to $ 130 we may see the support of 3816 broken but if oil tanks dn to $ 102 we may see Nifty breach the resistance of 4650 n hitting the roof to 5000.
USD also needs a careful watch. Long USD is short oil.
HEDGE FUNDS PLAY :
JAN to MAR 2008 : Long precious metals.
APR to JUNE 08 : Long crude oil.
JULY to SEP 08 : Long US $.
OCT to DEC 08 : Long world equities ex Brazil. ( assumed )...
In reply to:
WILL NIFTY HIT 3600
Posted by : pkk07
Hi Namit,
I see a head a shoulder in Nifty and if I am reading it correctly then once 4250 is breached on a closing basis, we are looking for another 400+ points fall which should take Nifty to 3800. The only thing is that I do not see any trigger that will cause it to happen.
When you say we will breach 4650, what are the triggers you are looking at?
Tracked by: 0 Boarder
mohanji,
Roll over to sept futures coz it will close higher when august draws clsoe to expiry....
In reply to:
28th July
Posted by : mohanji
NO...NO ..I am still in loss. I hv to book loss
Tracked by: 0 Boarder
NO...NO ..I am still in loss. I hv to book loss...
In reply to:
28th July
Posted by :
radhika_nandlal
Just look at the MACD now.. above the price.... keep the faith... at least for an even square off.
Tracked by: 0 Boarder
mohanji,
By plus u mean profits?
Upward momentum lacking even at 2:30, if ur plus squaring off profits would be what i would do....
In reply to:
28th July
Posted by : mohanji
Dear Radhika,
i hv plus posn in nifty AUG future.What does your excel says?...shud I wait or sqare off here only.? Regards
Tracked by: 0 Boarder
Warning that \'fear psychosis\' was being created to slow down projects of national interest, India\'s corporate leader Mukesh Ambani on Wednesday threw his lot behind Tata\'s Nano project in Singur saying industry and politicians need to work together.
\"A fear psychosis is being created to slow down certain projects of national importance. This will be counter productive for the country\'s economic growth, its global image as well as our ability to attract investments from across the world,\" the Reliance Industries Chairman said in a statement.
Ambani called for the Indian industry and the political leadership to work together to meet aspirations of millions of Indians in urban and rural areas.
Ambani\'s statement comes in the wake of Tata Motors Chairman Ratan Tata threatening to pull out the Rs 1,500-crore small car project from West Bengal after facing continued political opposition led by Trinamool Congress.
Terming the Nano project as \"a unique and innovative initiative\", Ambani said it would establish the country\'s position as a small car hub.
\"The Indian industry must be encouraged to make such large investments in order to build the country\'s competitiveness as well as support job creation,\" he added.
Tata had last week threatened to quit the state saying \"...if anybody is under the impression that because we have made this large investment of about Rs 1,500 crore... and because we have made this investment, we will not move, they are wrong.\"
He had, however, reiterated that the Rs one lakh car project would be on track.
\"I made a major investment here. To move is going to be a great cost to the company and great cost to Tata Motors\' shareholders. And I think it\'s going to be a great cost to West Bengal,\" he said.
Industry chambers CII, Ficci and Assocham had also supported the Tata and have asked the West Bengal Government to resolve the land issue with the Opposition.
The three apex chambers -- CII, FICCI and Assocham -- said West Bengal would be a big loser if the Tatas withdraw from the Singur project out of frustration.
Commerce and Industry Minister Kamal Nath also said Tata was a victim of conflict between two political parties in West Bengal and the Centre could play a facilitating role to break the Singur stalemate.
-IE
...
Tracked by: 0 Boarder
Dear Radhika,
i hv plus posn in nifty AUG future.What does your excel says?...shud I wait or sqare off here only.? Regards...
In reply to:
28th July
Posted by : radhika_nandlal
Just look at the MACD now.. above the price.... keep the faith... at least for an even square off.
Tracked by: 0 Boarder
The cement industry’s plans to add 110 million tonnes (mt)of capacity with a total outlay of Rs 50,000 crore by financial year 2010 is likely to be delayed due to constraints in sourcing equipment and non-availability skilled labour.
In financial year 2007-08, the industry added a record 30 mt taking the total capacity to 200 mt. The cement companies will add about 25-30 mt in FY ‘09 and another 25 mt are expected to be added in FY ’10.
“Thus, of the total 110 mt planned, 25-30 mt will flow only in FY ’11,” said Mr K.C. Birla, Senior Executive President and Chief Financial Officer, UltraTech Cement.
Globally, most of the cement majors such as Holcim and Lafarge are adding huge capacities in different countries to take advantage of the rising demand.
The major equipment suppliers for cement plants in India include China-based Nangtong Heavy Machinery Co, FLSmidth & Co of Denmark and Polysius AG – a group company of ThyssenKrupp Technologies.
The scarcity of skilled labour is also likely to delay projects planned by the industry, said Mr Birla.
No price impact
The possible delay in capacity addition is not expected to push up the retail prices as the demand has slowed down considerably in select regions, especially in the North and Eastern regions. In Gujarat prices have dropped by Rs 5-10 a 50-kg bag due to over-supply forcing companies to divert their produce to Mumbai, said an analyst.
The lull in realty sector due to sharp rise in cost of funds has adversely impacted demand for cement.
-BL
...
Tracked by: 0 Boarder
In fact They say when you see all the indicators starts to go up together we should go long, but the problem is that there is a 10 minutes delay in seeing these charts, so it's of no use, and i see no point in waiting so i squared off all my 10 lots bought at the average of 8 rs at 4.40
Regards
Aru...
In reply to:
28th July
Posted by : radhika_nandlal
Vam,
All the three MACD, Williamson and RSI ticking up but price too.. so nothing to write home about...
You know when u should buy in that chart?
When prices tick down but the indicators tick up.. thats the time to go long... next time.
Tracked by: 0 Boarder
Just look at the MACD now.. above the price.... keep the faith... at least for an even square off....
In reply to:
28th July
Posted by :
vam_aru
Yeah, I'm still hoping for a recovery from here,
Tracked by: 69 Boarders
Hi Namit,
I see a head a shoulder in Nifty and if I am reading it correctly then once 4250 is breached on a closing basis, we are looking for another 400+ points fall which should take Nifty to 3800. The only thing is that I do not see any trigger that will cause it to happen.
When you say we will breach 4650, what are the triggers you are looking at?...
In reply to:
WILL NIFTY HIT 3600
Posted by :
namit_r
Thanks Jonas
The 4250 support was applicable only till Aug F&O expiry, though I am slightly disappointed that we would be closing the Aug series between 4300 and 4350. My target was much closer to at least 4400-4450. That would have set the Sep series to test the July lows. But I still believe that we will first breach 4650, possibly going upto 4800-4900, before breaching 4000.
Tracked by: 0 Boarder
Vam,
All the three MACD, Williamson and RSI ticking up but price too.. so nothing to write home about...
You know when u should buy in that chart?
When prices tick down but the indicators tick up.. thats the time to go long... next time....
In reply to:
28th July
Posted by : vam_aru
Yeah, I'm still hoping for a recovery from here,
Tracked by: 1 Boarder
No it will not cross 12.9%... may be next week...
In reply to:
Will inflation cross the 13% mark today?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 0 Boarder
May the nifty zoooooooooooooooom to 4350 NOW!!...
In reply to:
28th July
Posted by : radhika_nandlal
LOl vam .. am i not???
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