yes. that is what i am telling.. ...

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Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, said he plans legislation to restrict the Federal Reserve`s emergency lending powers and subject the central bank to a -complete audit.- At a recent town hall meeting, Frank said the House would pass a bill to use an audit to crack open the central bank`s books more widely, but in a way that will not encroach on the central bank`s monetary policy independence. In addition, he said the House would move to rein in the authority that allows the Fed to lend to a wide range of non-bank firms in -unusual and exigent circumstances.- A bill sponsored by Texas Republican Rep. Ron Paul that would allow the Government Accountability Office, a federal watchdog agency, to audit Fed interest-rate decisions has won the co-sponsorship of more than half of the House. Fed Chairman Ben Bernanke has warned that the bill would compromise the U.S. central bank`s policy-making independence and could undermine financial markets and the economy. Frank said he has been working with Paul on compromise language. -He agrees that we don`t want to have the audit appear as if it is influencing monetary policy because that would be inflationary,- Frank told constituents. A video of his remarks was posted on the popular video file-sharing website YouTube here . Steven Adamske, a spokesman for Frank, told Reuters compromise language had not yet been written. He provided no further details. A spokesman for Paul could not be reached. OCTOBER TARGET Frank said the audit and emergency lending provisions would be incorporated in broader legislation to revamp U.S. financial regulation that would likely pass the House in October. By seeking a compromise with Paul, Frank could strengthen the broader legislation`s chance at passage. As chairman of the House Financial Services Committee, Frank is a key player in the effort to overhaul U.S. financial regulation. The Obama administration has proposed giving the Fed responsibility for overseeing firms whose collapse could endanger the entire financial system. At the same time, it wants to strip the central bank of its consumer protection function, and invest that authority in a new agency. Frank expressed unease at what he called the Fed`s power to -lend money to anybody they want- in emergency circumstances. -We are going to curtail that lending power. We are going to put some restraints on it,- he said. Since the financial crisis struck two years, the Fed has used this emergency authority to prop up a number of non-bank financial firms with billions of dollars in loans, including insurer American International Group. The Fed`s actions have angered many lawmakers who are concerned the central bank has put taxpayer money at risk. Fed officials have defended their actions as necessary to prevent a deeper credit crisis and widespread damage to the economy. Bernanke, who President Barack Obama nominated this week to serve a second four-year term at the helm of the central bank, told lawmakers in July that the Fed understands the need to be accountable to taxpayers but that monetary policy decisions needed to be shielded from political interference. In congressional testimony on July 22, he signaled a willingness to work toward a middle ground. -We are quite willing to work with Congress to try to figure out exactly where the line should be,- he said. Frank said the House legislation would pave the way for an audit to look into what the central bank -buys and sells,- but he said the data would be released after a period of several months to avoid impacting financial markets. Bernanke is widely expected to win needed Senate backing for a new term as Fed chairman, but the central bank`s aggressive efforts to stem the financial crisis have stirred controversy that is likely to color his re-nomination hearing. His current term expires on January 31, 2010. ...

Mr. choskey is also very positive on the script. can recover from the 2 weeks fall....

wHAT A JOKE...

Avoid glenmark. It will give only a 20-30rs move on the upside from these levels. Buy around 180 levels which look very much possible. The roadshow is keeping some interest alive in this one.....

Hi All, Stocks which were given in last few days and didnot jumped earlier has jumped yesterday... It include TV-18 which jumped 9% and still can go up by another 5-10%. Also ICSA, DHCL gave big moves yesterday.. For today Buy EKC @ 189 TGT 198,205,225 in coming days with SL of 183.. For nifty trader.. As the direction of nifty is not sure where it will move in coming days because nifty has already moved 300 points in 5 sessions and is holding.. but we cannot expect it to go up daily but as new series is coming up therefore the momentum can continue... at the same time the new series could be used to change the momentum... Therefore my strategy would be at 4650 nifty is Buy 4600 calls 3 lots @ 200 and sell 5 lots of 5000 call @ 55... At the same time Buy 4700 3 puts @ 200 and sell 4300 5 puts @ 55.. Net investment would be 32500 but at the same time as we r buying 4600 call and also 4700 put therefore we have already locked 15000 in that and therefore net investment would be counted as 17500 for both calls and puts... Which means if market moves in one direction then the money at risk is around 9000 which we can cover by covering our calls or puts and start selling other strike price options.. Now if we assume that Nifty has fallen by 200-250 points which will bring it to near 4400 or 4350 at that point the we can lock our profits by buying 4300 call in the same quantity we have 4600 call i.e 3 and we can sell our 4600 call... We can also sell extra calls so that the money invested in buying the 4300 calls at that time would be nearly 0 and thus locking the entire profit of 60000 (or 45000 if you buying 4400 call) .. If nifty moves more further then we can adjust the locking of profits by changing the strike price... We are selling 2 extra calls and puts but as time will go there value will decline and even if market reaches at that strike price by the time it reach there the net loss would be less and we can cover the extra call or put we sold... And even if we take a 10 to 15K loss on the extra sell our profis would be decent... If market moves up instead of going down which everyone is expecting that nifty will touch 5000 then we can simply do the reverse trade.. where we can buy 5000 puts and book losses from 4700 puts but selling more puts to cover the amount we r paying for 5000 put.. The strategy looks very complex but it can give returns independent of market direction... Regards, Deepak ...

what is the base of your claim. Max it can move is 95 by month end if market is stable. ...

After the yesterday loss recovery. The script has the potential to recover back. Results are good as well....

It is not only at peak but had a very good of nearly 25% in 2weeks. For sure some amount of profit booking in the script....

You are right in comparasion to its peers its better script and at a very low price now. Has the potential to move up to 200 in a months time....

If it holds above 210 today which is good support then you can expect some upmove. Otherwise you can get this script at 200. ...

you can buy now the script is corrected. I will move slowly with the market to 500 in a 5-6 trades...

You are right can go to 250 in a weeks time....