Reliance Petroleum

Cues from FnO: Short term bounce?

Posted by : Be and Make

dear chief - I think now you understood why i offloaded the RPL. Again things working for me.
with thanks
be and make

Cues from FnO: Short term bounce?

Posted by : Be and Make

dear chief - I think now you understood why i offloaded the RPL. Again things working for me.
with thanks
be and make

Cues from FnO: Short term bounce?

Posted by : Be and Make

dear vkk 43 - The predictions proved again.

with thanks
be and make

RPL top gainer on the Nifty

Posted by : Be and Make

Dear chugh – don’t believe these business men they run their business to prosper themselves only and that too mukesh’s abilities are not up to the mark when compared to the dhirubhai ambani.
When mukesh believes that there is ‘steady growth’ then why he sold the 4% share at the price of 224/- having the worth of 4000cr without prior intimation. So many small investors badly hammered during that phase.
Mukesh exited from their retail oil outlets and closed all the oil bunks there too those who believed mukesh were hammered badly (of course it may not have any connection with the stock price)
Similarly now he starts reducing retail stores as they are delivering much to the holders.

These all are not failures of the big man? Ultimately the losing person was who believed in him isn’t right?

(Don’t confuse that I am bearish on MAD group, I have huge holdings in this group but facts should be commented.)
With thanks
Be and make

Cues from FnO: Short term bounce?

Posted by : chief_kamani

Be and Make-Why offload a good Long Term stock like RPL????

RPL next support at 120+ : Be and Make

Posted by : Be and Make

If RPL breaches the 140+ level firmly then the support would be at 120+

The main reasons for the down grading the price target:
1. Global financial crisis damaged the sentiment.
2. At home we are having very weak fundamentals like high inflation, interest rates,
Govts huge fiscal deficit, upcoming elections, a dip in GDP etc.,
3. Production is not ahead of schedule as announced by the management but is either in nov/dec.
4. Due to the start of commercial production in dec08 then the expected EPS would be around 6 for FY09.
5. All the leading analysts like Kotak, Merryl, downgraded the stock and put the price target of 150/- as the high (previously it was at 208/-)
6. Globally GRMs dropping
7. There are somany political uncertainities on Mukesh group and amar singh is trying to use every opportunity to create vulnerable conditions on RIL like ban on EOU status, ban on oil exporting etc., but in my they are not easy to change for a particular company hence they may not be as easy as amar said. But, the government is considering the imposition of a minimum alternate tax (MAT) on units in SEZ like RPL. MAT would mean an 8-9% cut in RPL's FY09-FY11E earnings and 4% (Rs6/share) cut in its PO.
8. Chevron stance still unclear.
9. One more important point is that RPL is having very high debt equity ratio, around 3. In these high interest rate times the companies will be will have high debt/equity ratio will badly hammered in margins. So, in this point RPL too have impact on its margins and will further effect the bottom line.
Yes, definetly there will be a spike in the upcoming days but I will not give any trading call and my advice is to use this rally to cover your positions and re-enter at lower levels.
With thanks
Be and make

Cues from FnO: Short term bounce?

Posted by : vkk43

Thanks for yr views on RPL. I too feel that the share will rule easy for quite sometime.

RPL next support at 120+ : Be and Make

Posted by : manju_berlin

Dear Be and Make

first of all thanks for your previous messages on F&O.
I requiest you to suggest my case. I have 4000RPL shares avg of 166.

Thank you in advance

Cues from FnO: Short term bounce?

Posted by : my_money

dear,

some one might have rated ur msg as abusive and thus got dleted..
MOD can definitely look into this.

regards,

Cues from FnO: Short term bounce?

Posted by : vkk43

I hv posted two msgs to MOD. Let us see what action he takes tomorrow.

Cues from FnO: Short term bounce?

Posted by : harishkrsharma

I am not denying the market cannot Tank further as you are quite right that the impact of Europe has still not discounted and may take the markets to new lows.

Situations is pretty bad but i am hoping that Govt may act now and can take various measures to hold our market with ban on shortselling OR by reducing circuit filters OR by increasing liquidity CRR cut OR thru P Notes.

harish sharma

Cues from FnO: Short term bounce?

Posted by : mars attack

markets will not react to the p note issue.......end of this week market will trade around 8000 levels because a big sell off is going to happen in europe and the us.the situation is very tense out there and people are very nervous all around the world as if the world is going to end.

Cues from FnO: Short term bounce?

Posted by : mars attack

markets will not react to the p note issue.......end of this week market will trade around 8000 levels because a big sell off is going to happen in europe and the us.the situation is very tense out there and people are very nervous all around the world as if the world is going to end.

Cues from FnO: Short term bounce?

Posted by : vam_aru

if it can touch 117 then there might be a chance that it may go down to 100 as well, But i feel the Biggies won`t give up so easily this counter, 120 should serve as a long term support and the production is near., did you already received the prize money from your friend?

Cues from FnO: Short term bounce?

Posted by : harishkrsharma

Dear KARUNAS,

P Notes restrictions ahs been removed and now this shows the GOI is concerned about the downfall and wants to hold the markets.

Time has come to invest by keeping another 10% downfall in any good stock from here in our mind and one can average at 10% from here further. I have purchased Indiabulls securities today at 31/-

One cannot be the best guy to buy at the lowest. But yes the market would still give ample time to buy at choice and i am expecting a short term pull back any time any day may be tomorrow.

harish sharma