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Reliance Industries
pirated rally
Posted by :
marketbearTracked by: 0 Boarder
Reliance is enjoying pirated rally and it can fizzle out any moment from now. Stay away from stock...
may cool down
Posted by : marketbearTracked by: 0 Boarder
Reliance may cool down towards 2250 level in short term. But stock is not looking bearish at the moment for short term....
Reliance may not fall below 1700 in 2008
Posted by : marketbearTracked by: 1 Boarder
yes, reliance will fall drasitcally in case of correction. But 1700 target is not likely in this month. Stock has piller like support at 1925....
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : marketman
Market may continue its slide,chances are bright for nifty to see below 4000 mark again....
Political stability is not as good as before....
IIP numbers are discouraging....
GDP growth may not be more than 7%....
Inflation still on bullish path....
Higher interest rates giving pressures many corporates....
Analysts expecting poor Q2 numbers....
Regarding reliance,the tax controversies still going on and ofcourse there are never ending disputes between the brothers.... nearly 25% correction is not ruled out in the counter from present levels during this calender year.... 
Reliance may not fall below 1700 in 2008
Posted by :
bhusbhacTracked by: 1 Boarder
This bottom of 1700 has been referenced since quite some time now and needs to be revised by the most bearish . First Reliance has never seen such a low during the bear narket run and secondlybear there are a number of positives also emerging which has lifted the bottom considerably. I am hoping against hope and looking forward to a correction of 10% from here to add further shares of RIL to my portfolio.
I also feel that it is better to be a bull with a bearish undertone and take opportunities of market dips....
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : marketman
Market may continue its slide,chances are bright for nifty to see below 4000 mark again....
Political stability is not as good as before....
IIP numbers are discouraging....
GDP growth may not be more than 7%....
Inflation still on bullish path....
Higher interest rates giving pressures many corporates....
Analysts expecting poor Q2 numbers....
Regarding reliance,the tax controversies still going on and ofcourse there are never ending disputes between the brothers.... nearly 25% correction is not ruled out in the counter from present levels during this calender year....
Reliance may not fall below 1700 in 2008
Posted by : marketmanTracked by: 1 Boarder
Market may continue its slide,chances are bright for nifty to see below 4000 mark again....
Political stability is not as good as before....
IIP numbers are discouraging....
GDP growth may not be more than 7%....
Inflation still on bullish path....
Higher interest rates giving pressures many corporates....
Analysts expecting poor Q2 numbers....
Regarding reliance,the tax controversies still going on and ofcourse there are never ending disputes between the brothers.... nearly 25% correction is not ruled out in the counter from present levels during this calender year.......
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : marketbear
strength in reliance today was just to manage the index and not else. Stock will face selling tommorow. Market will retrace it's 50% of the gain in immediate term. That gives minimum downward target of 4393 for nifty in very short term
Caution should be a key word today
Posted by : Leave it.Tracked by: 0 Boarder
U.S. STOCKS - Market slips on worries about credit losses
NEW YORK (Reuters) - U.S. stocks fell on Tuesday, led lower by financial shares,
which tumbled as worries about further losses stemming from the mortgage crisis
moved back into the spotlight.
News that JPMorgan Chase has racked up $1.5 billion of losses so far this quarter
on mortgage-linked assets sent the bank's stock down more than 8 percent
and reflected deepening turmoil in credit markets.
Goldman Sachs' shares also weighed on the financial sector after a number of analysts,
including Oppenheimer & Co's Meredith Whitney and Deutsche Bank's Michael Mayo,
cut their earnings estimates for the investment bank. The KBW index of bank shares
fell 5.4 percent.
Dallas Federal Reserve Bank President Richard Fisher added to negative sentiment
when he said the U.S. economy was in for prolonged slow growth and could shrink later this year.
This gives a cue for the catious trading today--wednesday.
v,krishnamoorthy...
Nifty STRONG Resistance at 4600
Posted by : souravkunduTracked by: 0 Boarder
Dear bhusbac,
True whatever you are saying is true but there are alternate paths to your discussion too... if time permits I shall try to answer/discuss them on a point by point basis.
FIIs have still not exited. The P notes issue is all set to get reviewed... am expecting some good news there and a subsequent upmove... but this should be seen as a selling opportunity. No buying at all... infact... its quite stock specific now...
For the next few months I shall keep my purse string tight.
regards,
Sourav...
In reply to:
Nifty STRONG Resistance at 4600
Posted by : bhusbhac
Dear Sourav - we are not talking about the market running away. There certainly will be many entry points from now but to time them will be extremely difficult with huge gap ups in market open whenever the global cues and news of crude coooldown are positive. What needs to be determined is that the downside risk seems to be capped although it may not be all too profitable to enter at this stage for the near term if the recovery gets prolonged too much. However you can never tell.
It is important to know that with the fall in commodities the liquidity is not resurfacing anywhere else for the time being. The overall investments in equity & commodities has gone down tremendously since one month so that excess liquidity has to be parked somewhere! There will have to be some rationality soon.
The speculation in crude which took it to the near US$ 150 mark in a short time and its sudden fall to below US 115 indicates that there has not been much of a profit in that investment.
With NIFTY at 4600 after 8 months of bear activity the downside risk is far less than the market reaching 5000+ so the argument is to see whether investing at this point of time is wiser than waiting for some months.
The hunt for the bottom by CNBC-TV18 has been going on since the past few months. FIIs have exitted to a considerable extent and that itself indicates that the downside RISK is very limited if at all.
So the point that investment should be made with CAUTION is well taken and appreciated. Yet the markets are still highly news driven and speculative. How can any Government make a difference to either ADAG or MDAG with over 10% movement overnight? It does not make that much sense!
Reliance may not fall below 1700 in 2008
Posted by : KARUNASTracked by: 1 Boarder
Hi Sridharan,
Let the show begin, MEZA TAO AB AYIGA.A..A...A.....
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : sridharan_dusi
Dear Karunas
The Act II of the drama is just about to start. The JMM which tilted towards the UPA to support the confidence vote 'in national interest' seems to have been side-tracked and started giving pricking to the Congress. Now Soren threatens to withdraw support 'in national interest', It may go this way or that way, But it is clearly established and proved beyond anybody's doubt that everything is offered or withdrawn only in their own selfish interest.
Sridharan
Reliance may not fall below 1700 in 2008
Posted by : marketbearTracked by: 1 Boarder
political development will not be able to save the market from hereon as it fully factored into market including reforms also...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : sridharan_dusi
dear calculus
Your post gives an excellant preposition of what would happen because of the Congress-SP tie up vice vis BSP.
If it happens then Mayavati will go along with the party conceding her demands in 'national interest'. That would lead to unfolding of further interesting political dramas. Even in such an evantuality I feel Congress' ego would not permit it to tie up with BJP for a national government terming it as a communal party. Even if Congress is reluctant the other parties would spoil the idea of a national government.
Sridharan
Reliance may not fall below 1700 in 2008
Posted by : marketbearTracked by: 1 Boarder
strength in reliance today was just to manage the index and not else. Stock will face selling tommorow. Market will retrace it's 50% of the gain in immediate term. That gives minimum downward target of 4393 for nifty in very short term...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : marketman
The company may give an eps of 170 for the next fiscal.... with the 10 pe multiple it looks attractive at 1700.... so,it can not fall below 1700 evenif there are bad sentiments on the stock due to political effect.... pl note that no other company from sensex/index can give more than 170 eps for the next 2-3 fiscals.... the stock can not fall more than 25% evenif sensex falls close to 10000 levels....
Reliance may not fall below 1700 in 2008
Posted by : sridharan_dusiTracked by: 1 Boarder
Dear Karunas
The Act II of the drama is just about to start. The JMM which tilted towards the UPA to support the confidence vote 'in national interest' seems to have been side-tracked and started giving pricking to the Congress. Now Soren threatens to withdraw support 'in national interest', It may go this way or that way, But it is clearly established and proved beyond anybody's doubt that everything is offered or withdrawn only in their own selfish interest.
Sridharan...
In reply to:
Reliance may not fall below 1700 in 2008
Posted by : KARUNAS
Dear Sridharan,
The time is passing by and there induction in the cabinet has not yet been announced and your opinion is proving to be true, by the time these are included in the government, they will have to start working for their elections and fight each others.
Nifty STRONG Resistance at 4600
Posted by : sridharan_dusiTracked by: 0 Boarder
Dear Sourav
Thanks for your post advising caution. Your post is almost a reflection of that our good friend 'wise' which I saw on MMB somedays back. He also expressed some apprehension and advised caution over the behaviour of the market. My post was in reply to that of Mr.bhusbhac (incidentally he has replied to your current post also) in which he indicated some facts that seemed to be reasonable and logical. That is all. I shall keep your advise and thanks once again.
With best wishes,
Sridharan...
In reply to:
Nifty STRONG Resistance at 4600
Posted by : souravkundu
Dear Sridharan sir,
Please do not get carried away by this intermediate run up. Oil is still not well... inflation picture is quite different than what it was in January... same goes for interest rates as well. Global scenario not look any better as well.
If you have cash, stay put. If you have profits... kindly start booking them. Believe me, you will get better entry points in the coming months... the markets are not running away.
Inflation is not going back to 7% in the next 6-10 months... Oil consumption will increase with the winters just a quarter of an year away.
You need to be extremely careful while investing now.
regards,
Sourav
Reliance a safe pick in Oil: Dutta
Posted by : MMB MessengerTracked by: 0 Boarder
Devangshu Dutta, Consulting Editor of Outlook is of the view that Reliance Industries is a safe pick in the oil sector....
Reliance a safe pick in Oil: Dutta
Posted by : MMB MessengerTracked by: 0 Boarder
Devangshu Dutta, Consulting Editor of Outlook is of the view that Reliance Industries is a safe pick in the oil sector....
BSE Announcements on Reliance
Posted by : MMB MessengerTracked by: 0 Boarder
Reliance Industries Ltd has informed BSE that the Company has allotted 65,138 equity shares of Rs 10/- each, on July 28, 2008 to its employees, pursuant to the Employees Stock
Option Scheme....
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