power your trade has given a positive for RCOM in stock signs section with the heading "GSM launch plan on track; to invest Rs 40,000-50,000 Cr in FY09: Anil Ambani".

how the market takes it will be clear tomorrow.
some hammering possible considering what happened to reliance.



...

NEW DELHI, July 31 (Reuters) - Reliance Communications (RLCM.BO: Quote, Profile, Research), India's No. 2 mobile operator, on Thursday reported a 23.8 percent rise in quarterly profit, almost in line with expectations, on higher subscriber additions in the world's fastest-growing wireless market.

Reliance Communications, whose tie-up talks with South Africa's MTN (MTNJ.J: Quote, Profile, Research) to create a global top-10 telecoms firm failed earlier this month, said net profit rose to 15.12 billion rupees ($355 million) for its fiscal first quarter ended June, from 12.21 billion reported in the year-ago quarter.

Revenue rose to 53.22 billion rupees from 43.04 billion reported a year earlier.

Analysts expected a net profit of 15.16 billion rupees on revenue of 57.61 billion for the firm, which added 5 million mobile users during the quarter to have nearly 51 million users at end-June.

Last week, Reliance's larger rival Bharti Airtel (BRTI.BO: Quote, Profile, Research) reported a forecast-beating 34 percent rise in June quarter profit. ($1=42.6 rupees) (Reporting by Devidutta Tripathy, Editing by Mark Williams)
...

No one is always right. Joetom is usually right. Dont criticize senior boarders hiding behind guest ID.

Deven...

NO excuses required others are also learning, atleast I am ....

Patience
can you share your views on how nifty will playout next week till expiry. do u think there will be another attempt at 4500 in the next 4 trading sessions ?

regards
Deven

...

Sharad Sir

I am touched by your quick response and wise advise.
unfortunately I missed this message and did not book profit today morning.
with good inflation numbers today I think I will get a chance to book profits at todays morning's level again tomorrow.

your advice in this regard would be most welcome
thanks
Deven

...

Dear Gold



Very Well Said. Wish you had said it in December last yr and I had actually followed it in January this year.

good post.

with regards
Deven...

Here it comes. In US, the economists are already saying falling oil prices no longer matter since the economy is headed for a nasty recession and no one will have any money to drive cars anyways. Let\\`s wait for a few US banks to fail before we start talking of a recovery. Nifty @4000. Looks like it\\`s coming......

Deven, Many were too intoxicated in January to either read or appreciate the warning messages to Boarders.Specifically in mid Jan with Sensex around 21000 I had stated "Get out Now" after Technicals reinforced all other Market signals.I made a special post which highlighted the fact I received another very strong Signal - my barber wanted to make his stock market entry with RPL.Another strong signal I had posted a little earlier was my Mother-in-Law(she wont know the diff between P&L Account and Balance sheet) was advising me a humble student of Fundamentals and Technicals for 25 Yrs - to Buy ONGC. Brother we see only what we want to see,rest of the time we are all Blind. Good Luck in Future! Goldchest....

Dear Deven, Yes 4500 can be taken out in next 4 session. Possibility of seeing 4500 broken are much higher now instead of seeing any more downside. Thanks Patience...

Dear sonu, Hope you exit from Nifty clls: Eralier to this message was addressed to one boarder namely Sharkk, wrongly posted on your board.!!!!!!!!! Ignore it. This Guy has challenged me in the morning. I sent reply through my clerk in the morning!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!...

sharad_kotak2001 (24-07-2008 10:07:21 AM): short RNRL now 103.55 Short till 105 with sl-107 intra day target below 100 .............( Now 98 ) sharad_kotak2001 (24-07-2008 10:19:57 AM): Short ICI Bank now 760 Sl-767 Target 737 ( Target just reached . Now 738) sharad_kotak2001 (24-07-2008 11:04:14 AM): cover some more in RNRL 97 Now.. and take rest...We have given GENERAL SHORT IN ALL OF THE STOCKS OF OUR NEWS LETTER WHEN MARKET WAS POSITIVE. NOW ALL NEGATIVE. COVER ALL SHORT NOW......... You can understand from just three calls how we trade!!!!!!!!!! When ALL are buying we short and achieve our TARGETS!!!!!!!!!!! Challenge ker ne ke liye apni barobari ka insan search karo mere bhai............

Hi Sonu, Yes.. I built up positions assuming the market movement, and that is always a recipe for disaster... Covered a short Nifty future yesterday.. Have some short August calls.. Not in a hurry to cover them yet.. Will start buying August puts slowly. Regards -r...

Dear Sonu, When we gave Buy Nifty Ce- 4400-4500-4600-4700 It were all btwn 2-7. 300 To 500 % up move has taken place. Now, Unwinding has been seen. I feel that you should book profits today. S Kotak...