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Market Outlook - Short Term
Tracked by: 110 Boarders
Take a break from the stock market!!!
TIME FOR SOME HUMOR!!!
.
The Godfather, accompanied by his stockbroker, walks into a room to meet with his accountant. The Godfather asks the accountant, ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
vam_aru
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... 
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: 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: 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..
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: 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
Tracked by: 110 Boarders
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...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear novice1000,
Will those macro fundamentals stories look fine after a year as base effect will be less?
I just check that Crude is DOWN below 80 USD now! :) Obviously, that may not stay there for long! :) However, this itself show how easily various GAME is PLAYed in different markets when every BS experts start claiming Oil going towards 200 USD! :)
Inflation is DOWN and is expected to be in Single Digit during next year unless some GAME again is PLAYed somewhere.
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! :) Remember: Some long only funds registered as BS FIIs have not started their SHOPPing yet! :)
As I told you before depending on the movement of Nifty, all kind of BS reasons can be given!
Recent example is that of oil! :)
Gud luk & happy investing! :)
Tracked by: 0 Boarder
Bourses saw a virtual meltdown in one of the worst weeks in two decades, as Indian indices plunged by 10-26% amid wild rumours about a global recession led to panic sales across the globe.
In the week to October 11, the BSE Sensex ended 1,998 points or 16% lower at 10,240, the biggest-ever weekly fall.
Similarly, the broader 50-share Nifty of the National Stock Exchange also registered largest-ever point-wise fall of 538 points or 14% to end the week at 3,280.
Investors looked helpless and resorted to unloading of their holdings after the coordinated efforts by the central banks from major countries to shore up liquidity failed to have desired impact on the market sentiment.
World markets were continuously pounded on mounting fears that the escalating credit crisis will drag the global economy into recession.
In addition to the adverse conditions, the country`s industrial output growth registered a steep fall to 1.3% in August 2008.
The Reserve Bank of India swung into action and slashed the Cash Reserve Ratio by 150 basis points releasing Rs 60,000 crore to ease liquidity.
A number of central banks from major countries also cut their interest rates to boost liquidity flows.
Setting aside the relaxation of restrictions imposed on P-notes, the instrument through which foreign investors trade on the bourses, FIIs pulled out more than billion from the equity markets during the week, including Friday`s provisional numbers.
According to participants, the market is going to move in line with global cues in the coming days and ruled out any sharp rally but there might be a pull-back rally that may not be sustained.
The onslaught was so strong that only Ranbaxy, from the Sensex pack, survived to close in positive, rest 29 scrips ended with sharp losses.
Jaiprakash Associates topped the list of losers with a fall of 34.41% followed by Sterlite Industries down 30.70%, Reliance Infra down 30.48%, Reliance Communications down 28.75%, ICICI Bank 27.83%, Tata Steel down 26.99%, L&T down 23.25%, Wipro down 22.74%, TCS down 20.37%, Satyam Computer down 20.34%, HDFC Bank down 17.82%, Hindalco down 17.45% and HDFC down 17.41%.
The broad-based BSE-100 index crashed by another 1,100.80 points or 16.90% to 5,413.97, from last weekend`s close of 6,514.77.
BSE-200 Index and the Dollex-200 were also quoted sharply lower at 1,253.50 and 430.61 at the weekend compared with last weekend`s close of 1,515.29 and 536.53 respectively.
On NSE, the S&P CNX Defty dipped by 467.90 points or 6.66% to close the week at 2,343.80, from 2,887.69 last weekend and the CNX Nifty Junior also ended the week sharply lower by 1,172.00 points or 19.91% to 4,715.40 from 5,887.40.
Market Internals
Sensex loses 16%, Nifty down 14% over the week
Markets plunge on back of global sell-off
Sensex hit fresh low of 10,239
Nifty ends below 3,300, hits low of 3,199
Total turnover was at Rs 68,130cr, below 5 day avg
Advance Decline on the NSE was at 1:10
Gross delivery rises to 52% on BSE
All the BSE indices ended in the negative
BSE Realty & Capital goods lost more than 10%
Indiabulls down 19%, HDIL sheds 18%, Unitech loses over 12%
BSE Midcap & Small Caps lost over 7.5%
Punj Lloyd, Suzlon drop 18% drag capital goods index lower
Reliance Ind and ICICI Bank contribute 260 pt fall to Sensex
Only 2 stocks on Sensex end in green
FIIs in cash witness highest net selling figure YTD
DIIs in cash witness highest net buying figure YTD
Stocks at 52 week low
Reliance Industries
Sterlite
HDIL
DLFUnitech
Suzlon
ICICI Bank
L&T
Satyam
Infosys
TCS
Wipro
Tata Motors.
...
Tracked by: 110 Boarders
novice1000, Good message, especially - (a) that GDP expansion cant take place without capacity addition in infrastructural facilities like power, surface transportation and water facilities for domestic and industrial usage and,for strange reasons, govt had neglected these things in the past 4 years; and (b) that the relief ( I believe a major one) in the immediate future is the expected commissioning of RIL`s KG basin project. ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : novice1000
dear hln,
Pls dont compare the corrections in periods between Jan2004 to May 2004 and between May 2006 to June 2006 with the present crisis.
1)Markets excesses in terms of higher valuations were very limited in those preceeding rallies.
2)There was absolutely no liquidity crisis during those periods.The present liquidity crisis is second only to great depression in 1929.
3)There was no slow down fears in 2004 and 2006.
4)Indian economy`s growth engines IT and Realty were in full swing at that time and these two sectors are now on the verge of entering in to deep troubles with no foreseeable respite in the near future.
5)Next growth engine of Indian economy is going to be the spending on infrastructural facilities.But the mounting fiscal deficit is going to play spoiltsport and force the govt to defer spending on infrastructure.
Pls remember that GDP expansion cant take place without capacity addition in infrastructural facilities like power, surface transportation and water facilities for domestic and industrial usage.For strange reasons govt had neglected these things in the past 4 years and nothing can be done in this area over night.
6)And the rapid drying up of liquidity will be another problem for the core economy.
7)post dotcom bust (8 years back), Markets were in dull phase till 2003.The present crisis by any means is more severe than that.
Expecting any sustainable rally before 2010 can safely be ruled out.
But yes.. after that one will see the mother of all rallies which India Inc witnessed so far ,taking the sensex to unforeseen levels by 2016 with one major correction in the intermediate period.
That would be the life time opportunity for any active market participant to mint money.
regards
PS: The only relief in the immediate future is the expected commissioning of RIL`s KG basin project.
