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Joetom`s BLOG

Posted by : bihariboy

Dear Joetom saheb, it would be much better if u could post ur message here on MMB if u find ur any message beneficial 4 small investors. Regards,BB

Cipla to replace Sun Pharma in Sensex (+other changes in Indices)

Posted by : vuppala1948

A report in BS dt March 20, 2010 (given below) has given details of the changes in indices to be effected shortly :

Cipla will replace Sun Pharmaceuticals in Sensex from May 3, 2010. The sole pharmaceutical company featuring in the benchmark index will see the weightage of the sector decline marginally to 0.66% from 1% earlier in the Sensex.

The index committee of the BSE in its meeting held on March 19 has decided to revise the composition of its indices.

Sun Pharmaceuticals with Rs 35,131 crore market capitalisation is on top of the market cap ranking in pharmaceutical companies ahead of Cipla, which current market cap stands at Rs 26,781 crore.

Sun Pharmaceutical was entered in the Sensex in place of Mahindra Satyam (formerly Satyam Computer Services) on January 12, 2010.

The committee has also revised the composites of three broader indices – BSE-100, BSE-200 and BSE-500 index w.e.f March 29.

Lupin, NHPC, Shriram Transport Finance Company and UltraTech Cement included in BSE-100 index in place of Asian Paints, Glaxosmithkline Pharmaceuticals, Bajaj Finserv and Mahanagar Telephone Nigam.

The BSE-200 index replaces 16 companies and BSE-500 index has reshuffled 32 companies, the BSE said in its statement."

MY COMMENTS : We also need to see what changes, if any,will come in NIFTY.
We have to see how the trading pattern on BSE will undergo any change consequent on the above changes. Valuations also may undergo some changes consequently.

NIFTY = 15000 & SENSEX = 50000

Posted by : Dakshina murthy

Dear Stk01,

Just a BS View:Why we should call this as a consolidation,why not term it as distribution:)).

Regards
DM

NIFTY = 15000 & SENSEX = 50000

Posted by : Dakshina murthy

Short squeeze on dollar is very much on cards,should playout next week,thats the reason I told you that as you have encashed your profits,staying on sidelines makes more sense.

BS Game is getting murkier.`The Plot thickens`

Regards
DM

Joetom`s BLOG

Posted by : joetom

Friends,

My latest Weekly Report dated 20 March has just been published on my web-site. It is open for viewing by all.

Please feel free to visit the site: joes-marine dot com

Joetom

Joetom`s BLOG

Posted by : joetom

Friends,

My latest Weekly Report dated 20 March has just been published on my web-site. It is open for viewing by all.

Please feel free to visit the site: joes-marine dot com

Joetom

Joetom`s BLOG

Posted by : joetom

Extract from my Blog Report:

It is now confirmed news that the Swine Flue epidemic is going to affect India seriously. Whereas our hospitals are not well-equipped to confront the disease, the diagnosis costs heavily and not within reach of the ordinary citizen. Already 4 deaths are confirmed and more than 800 cases are confirmed. The Health minister stated that every one out of 3 citizens will eventually be infected. Whereas this might affect the economy in a big way, with Pune/Ahmedabd being affected worst and a death reported from Mumbai, the Financial capital may get into a panic mode and possibility of closure of all markets may also happen. Already, the country is in severe grip of drought, rain Gods not smiling at most areas. In fact the rains have withdrawn for last few days and the week-end devoid of rains will affect the markets severely, more so as the PM himself warned about the need to tighten the belts. 161 Districts across the country are already declared drought-hit, agricultural production will fall and the same will affect the estimated GDP growth. Prices of food grains and other food-stuff will soar with common man getting affected worse and the Inflation coming up again. NHPC IPO got oversubscribed 3.5 times on the 1st day itself, much more funds are going to be sucked out of the financial system. RIL-RNRL tussle has drawn to a spat between the Ambani brothers.

Global cues from the West are excellent and Asian cues Monday morning are expected to be good. Indian scene will be a bit different altogether based on local news particularly about the swine flu and Drought. As of now, both 4 and 8 DMA’s have already bowed their head down. On Monday, bulls will in no way be able to prevent the 4 DMA from cutting below the 8 DMA, come what may. After two days of grave falls, it was more than expected that a dead cat bounce might happen. But for the local negative news, such a bounce could have been as large as 400-600 points, without reversing the bear trend. If the ferocity and volumes were large, the bounce could have even reversed the bearish trend. As of now, it seems the Sensex will open with a modest gap up and hit the day’s high in the forenoon itself, need not be at opening bell. If the bulls manage to break above 15413, then 15526 is likely to be tested before noon. In any case, heavy sell off is likely, which may start off from the word go or after the bulls making an attempt to take the market higher to do some distribution. Whenever happens, the fall could be steep and it may even break the 15009 level to test the 14808-14857 range, below which we may go for a correction which will extend for few weeks with occasional spikes. Day traders may remain long above 15255 and short below the level. If sensex do not open or cross above this level during the initial 30 minutes, then unlikely to do so during the entire session. I would expect a flat close at best. Any longs held may be closed if and when we break 15100. A close above 15413 will improve the bull’s chances of recovery whereas a close above 15627 will initiate a new bullish lap. A close above Nifty spot 4587/4610 can be termed bullish. Investors need not hurry up to accumulate stocks at this level. Opportunity may arise for better bargain hunting. Instead, probable bounce today may be used to lighten the commitments and daring hearts can initiate fresh shorts. However, pharma stocks are likely to gather strength.

Sensex Pivot : 15255
Supports:15009,14857, 14459 Resistances:15407,15653

Predicted Actual
Likely Opening:5340-15390 15287
Trading range: 14809-15485 14902 - 15417
Likely closing: 15025-15075 15010

New Technical Tool - based on Joe Tom`s Call

Posted by : ajisk

All,

See the frustration in Joe`s blog. LOL how many days more he can continue!! He can delete those messages but what about thoe loss what he can do?
Guest If you care the members
Details
2010-03-18 8:01 AM #
Guest Pls shut down this blof Joe am begging you
Details
2010-03-18 8:01 AM #
Guest Joe this time too you went on wrong side me too shorted from 4980 level with huge loss
Details
2010-03-18 8:01 AM #
Guest Where is Tirth who adivise members to short from 5120 fora sl 5180 where to cover
Details
2010-03-18 8:00 AM #
Guest This blog looks like a fish market now what happened Joe where are you.
Details
2010-03-18 7:59 AM #
joetom Gd morning! Blog updated! Good luck!
Details
2010-03-18 7:44 AM #

NIFTY = 15000 & SENSEX = 50000

Posted by : pkjattking

also a bear flag in eur/usd ...a bull flag in dollar index...funny thing is usd is trading near parity...to Canadian...

looks like euro will breakdown next week and dollar index is about to go higher...


something to keep in mind...

Indiainfoline;5paisa/com ; the worst enemies of stock investors and economy :-(

Posted by : TrueCompanion

Dear Sir

I know, a group on land of scarcity is living life FULL-TIME in past ....

Let them draw consolation that way....the fact is Life Time (LT) is treading its path in accordance with the equation :

LT = PT (Present Time) - ST (Past time) + FT (Future Time)

ST follows interval 0 to 40.

Here LT(Full span time) can vary in the range between 0 to 125.

FT has its bounds between 0 and 85,

Also,

PT( Present Time ) - 1-Second is Past Infinitum that is KNOWN to everyone.

PT (Present Time ) + 1-Second is FUTURE Infinitum, that no body has visited so far.

regards

/TC/

NIFTY = 15000 & SENSEX = 50000

Posted by : Dakshina murthy

Excellent observation Sir,

Just a BS advice:As you played a master stroke by buying at 200 DMA and selling most of your holding near the top,then it is better to wait it out......and as you rightly mentioned `If this is the start of new phase of bull run,then you will not lose much by being on the sidelines`

Regards
DM

NIFTY = 15000 & SENSEX = 50000

Posted by : kanth15

Hi Balu,

Those who jump into the bandwagon on Monday and short the NIFTY seeing RBI hike are going to loose and NOT those who have already shorted as they are smart ones and will cover their positions.

Hope you understood whom I meant as `bakras`.

Cheers,
Kanth

NIFTY = 15000 & SENSEX = 50000

Posted by : Dakshina murthy

lol Phenomenal

Quote:are u a bear or bull or a fox.

Unquote:I just Human:)),I trade/invest only based on the money flow,undervaluation or overvaluation.....to give you an example.


Jubliant Fooodworks ( Domino’s Franchisee) - Dec quarter
Market Cap - 1500 crores
Sales – 117 crores
Profit - 11 crores
P/E- 30

Domino’s Pizza ( US – parent company) - Sept quarter
Market cap - 3000 crores
Sales – 1350 crores
Profit - 82 crores
P/E- 9.74

The parent company Trade at PE of 9.74 but the franchisee is at 30+...so do not go long in Jubiliant,but I may be wrong,but I do not base my investment decisions on mating habits of Kangaroos or
when elephant will be in `MUST`(Horny) condition.


Regards
DM