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Reliance Petroleum
Cues from FnO: Short term bounce?
Posted by :
chief_kamaniTracked by: 2 Boarders
Be and Make-Is this the end??Or is their further downside??This has gone below your wildest imagination!!...
In reply to:
Cues from FnO: Short term bounce?
Posted by : Be and Make
Dear chief - Thanks for your words. In my view, my experience did all the wonders for me. Its a great pleasure to have such good words from you. RIL will face further weakness in the near term (2-3 months) due to sudden skid in the refining margins globally. Q2 results will give us some cues to review the decisions.
With thanks
Be and make
selling in global markets to continue
Posted by : GuestTracked by: 1 Boarder
its been told by global analysts that the selling will continue for whole of this month and there seems to be nothing that can stop it..and the world indicaes will be as follows
1.dow jones --- 5300
2.nasdaq ------- 500
3.nikkei---------3200
4.india----------4500...
Rpl 1000 rs worth
Posted by : IT_BullsTracked by: 2 Boarders
Dipan Mehta said that the CRR cut signifies that the regulator is aware of the situation and is prepared to take steps.
“There were issues with liquidity and interest rates, the regulator just had its tightening stance in place but now there seems to be a bit of a change of thinking over there and this maybe one of the first positive steps which they make take to elevate the situation in which the markets are in.
By and large Indian banks are extremely well capitalized and solidly in the black, it’s more to do with the interest rates as well as the availability of finance which is hampering the industry at this point of time.
It would go a long way in restoring confidence and that could have a very positive effect on our markets in the immediate short term.” ...
In reply to:
Rpl 1000 rs worth
Posted by : IT_Bulls
Market Veterans: Why the Bailout Will Work in this BARE Market.
Many traders pointed to Monday`s spike in the VIX as a sign of extreme fear that often accompanies market bottoms.
Analysts believe the bailout plan passed last week will ultimately relieve stress in the credit markets, as will other actions such as the Fed`s newly announced plan to buy commercial paper and other short-term debt.
Indian stocks dancing to global cues
Posted by : IT_BullsTracked by: 0 Boarder
Based on valuations and the current economy,
I would stick my neck out and say I would buy the index now and
I am pretty confident that in at least six months to one year you will definitely get at least a 50% upside. ...
In reply to:
Indian stocks dancing to global cues
Posted by : IT_Bulls
When the situation normalizes, you will be a fool to know the actual buyers of RPL shares in these markets. It may be one of your neighbours accumulating RPL at these levels.
RPL is a six bagger; wait till it reaches Rs 1000.
Patience may be tested but your conviction will be rewarded.
S O T projection for TODAY !
Posted by : DUstocksTracked by: 0 Boarder
As per the latest Speed of Trend (SOT) analysis, RPL is already OVERSOLD on RSI. Possible buying opportunity.
SUPPORT & RESISTANCE LEVELS for TODAY, Wednesday, 8th October, 2008 :
R3 R2 R1 P S1 S2 S3
140.83 135.51 131.23 125.91 121.63 116.31 112.03
Please don`t interpret SOT figures in ABSOLUTE terms for setting up your trades, use them only for general directional guidance - all at your risk & responsibility of course. If you do not understand what SOT projections are all about, just ignore this post, rather than setting up your trade upon something you know nothing about.
...
RPL`s 2nd refinery to go onstream in Nov.
Posted by :
Sunny_ChopraTracked by: 0 Boarder
His prediction about the support level at 120 will prove wrong very soon. This is not the time to follow these predictions. Noone can predict the bottom right now.
Sunny!...
In reply to:
RPL`s 2nd refinery to go onstream in Nov.
Posted by :
sankarcj
Technical analyst C.J.Mathews sankarathil,MBA is positive on RPL. He said strong support level at 120. He denied the argument of falling further from this level. He said the RPL will cross Essaroil in the bounceback rally.He promised that RPL will outperform from January 2009 and will see a high fly on March 2009.
Huge rally at Wall St
Posted by : Sunny_ChopraTracked by: 0 Boarder
Global financial markets crisis is likely to restrain the economy well into next year. The threat of inflation has receded recently, while the economy has continued to weaken.
Overall, the combination of the incoming data and recent financial developments suggests that the outlook for economic growth has worsened and that the downside risks to growth have increased.
Sunny!...
In reply to:
Huge rally at Wall St
Posted by : IT_Bulls
Bigger bull run yet to come: Rakesh Jhunjhunwala.
I think my greatest patience with the market was in 2001 September to April 2003.
That was because I was a lone bull.
I wrote an article in the Economic Times in June 2002 that India is on the threshold of a structural secular bull market
and people said, he has bought stocks and he is caught and now he is asking us also to come into the cage.
People didn’t just believe what I thought or what my opinion was. That was a testing period.
Numerically - surely, since we have broken the last lows that we had in August 2007, we'll have to term it as a bear market.
But I don't think the long-term Indian stock bull market has ended. I think it’s in interruption mode.
This bull market is based on two factors. One is economic growth of India, which I think is based on factors that are irreversible,
whether democracy, whether skills, whether demographics, whether cultural factors. They are irreversible.
I think India’s economic growth will always trend upwards.
The Logic
Posted by : manoTracked by: 0 Boarder
It is irritating to see same of the messages that some level which will hold that seems to be consoling to the people who have invested at higher levels and making huge amount of loses please bear it in mind the promoters shareholding @ the cost of Rs 10/- they are not the losers. Once the down trend is on the share price can go anywhere be wise to protect your Capital even if it is lose book lose and sit In Cash until the market stabilize. On a falling market there is no such stock which is good at all respect. The TV commentators or an annalist might tell this is the good level to enter for long term investors they are the same people will be telling you later we warned people to exit at higher level so please do not listen to any one after all it is your money the market is going to be here for ever there shall be good time may be few months or years later one can make money provided if one is wise to save their capital. The share prices might have come down so low from the highest point it might tempt for a buy that is where the small investors are trapped please do not average or go on a buying spree..the targets given to sensex are 10000 to 8000 That seems to be so foolish as we ever predicted the market to see the level of 21000 during 2003 when the sensex was at 2300 level my dear friends i wish to conclude with a note i bought sail @Rs3.50/- of 300 shares in ICICI Direct after some days the share price had come down to Rs 3/- i placed a sell order at Rs3/- for with lose of 0.50 Pisa. The system refused to sell because the buy or sell order should not be less than Rs.1000/- so i bought further 100 shares at Rs3/- and sold all my holding of 300+100.During that time i happen to watch quarry time @ CNBC I was shocked to see an investor queering about SAIL who bought that share at Rs 60/- when the market price was @3/- This is an clear cut indication that the share prices can go any where up or down there is no limit for it but we as an investors should have limit to book profit or lose at some point of time where evere we feel we are comfortable with....
Market fall will end by October end :C.J.Mathews Sankarathil,MBA
Posted by : sankarcjTracked by: 0 Boarder
Technical analyst C.J.Mathews Sankarathil,MBA told the media that the fall of market will end by October last.He added that the fall will be limited to 11000 levels.He denied the arguments of falling markets to 10000 levels. He is positive on Indian Market and see an uptrend from November 2008....
RPL`s 2nd refinery to go onstream in Nov.
Posted by : IT_BullsTracked by: 0 Boarder
RPL to announce the quarterly results on 28-October.
...
In reply to:
RPL`s 2nd refinery to go onstream in Nov.
Posted by : IT_Bulls
Yestderday, buy orders for 103176 shares were pending on NSE.
Cues from FnO: Short term bounce?
Posted by : Sunny_ChopraTracked by: 2 Boarders
The trend is very negative. The severe drop in stock markets on both sides of the Atlantic on Monday reflected not only those fears, but also a growing belief that the crisis could tip the world into a global recession.
Indeed, the ripple effects from Europe and the United States were amplified as they spread to stock markets in Russia, Brazil, Indonesia and the Middle East.
It looks pretty ugly down the road.
The next levels to look for RPL will be in between 107 -- 117.
Sunny!
...
In reply to:
Cues from FnO: Short term bounce?
Posted by : manju_berlin
Dear Be and make
IS RPL heading to Rs100?
Pleae suggest.. your early replys may helps many.
Thanks again. Please reply my previous text also
Rpl 1000 rs worth
Posted by : IT_BullsTracked by: 2 Boarders
Market Veterans: Why the Bailout Will Work in this BARE Market.
Many traders pointed to Monday`s spike in the VIX as a sign of extreme fear that often accompanies market bottoms.
Analysts believe the bailout plan passed last week will ultimately relieve stress in the credit markets, as will other actions such as the Fed`s newly announced plan to buy commercial paper and other short-term debt.
...
In reply to:
Rpl 1000 rs worth
Posted by : IT_Bulls
We would prefer to bet where `Big` money has its bets in this market chaos. We would also wait patiently for burial of the bear and resurrection of the bull from this harakiri.
We hold our conviction and accumulate frontline stocks and believe the bulls would soon make a come back.
Indian stocks dancing to global cues
Posted by : IT_BullsTracked by: 0 Boarder
When the situation normalizes, you will be a fool to know the actual buyers of RPL shares in these markets. It may be one of your neighbours accumulating RPL at these levels.
RPL is a six bagger; wait till it reaches Rs 1000.
Patience may be tested but your conviction will be rewarded. ...
In reply to:
Indian stocks dancing to global cues
Posted by :
Abdur_amu
Mr IT Bulls,
I remember when the mkt falls to around 16K from 21K, People n analyst keep saying this is right time to invest in mkt.. but its keep going down.. there r many ppl who buy the stocks at 15k-16k level..
The best advise for the small investor to keep away from the mkt and let the situation be normalzise.
what to do with RPL? 23 rd july 2008 report.
Posted by : phkTracked by: 0 Boarder
my dear BE AND MAKE,//thanks// please give regularly, you expert summary, from good sources on reliance group//,godrej group //,and tata group// always great full//PHK//...
In reply to:
what to do with RPL? 23 rd july 2008 report.
Posted by : Be and Make
WEDNESDAY, JULY 23, 2008
what to do with RPL ?
I am tracking this stock from its IPO. I entered at the price of 62/- and made money on ups and downs. Till now I loosed two times in this counter from last couple of years and Is very negligible when compared to my gains.
I wish to share some past issues in this counter which are factored in.
In the quarter oct-dec07:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated October 16, 2007, titled "RPL achieves overall project progress of over 70%; Refinery project ahead of schedule".
2. The stock was moved from 110 – 290 level due to RPLs statements anticipating production will start ahead of schedule and will hugely change the earning number in FY09.
3. The real drama happened during this quarter most of the small investors started entering in this counter and the fancy to ‘reliance’ pushed the scrip madly from 110-290/- and the management sold the 4.1% stake @224/- knowing that is the fair value to book profits some of the holdings.
4. This severely affected the sentiment of the investors and the scrip fell from the 290+ to 240+ level sharply.
In the quarter jan – mar08:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated jan 15, 2008, titled "RPL refinery achieves 82% overall progress in just two years Refinery project ahead of schedule".
2. The stock fell from 250+ to 150+ level due to the ‘chevron not interested to hike its stake due to overpricing, management (RIL) too sold its 4% stake @224/-, there is no such indication of production starting date or month , AND THE MANAGEMENT REPEATEDLY SAYING ‘production will be ahead of schedule’.
3. These all are hugely affected the sentiment of the investors.
In the quarter april –june08:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated April 16, 2008, titled "RPL refinery achieves 90% overall progress; Project on track for completion ahead of schedule".
2. Again the same announcement ‘production is ahead of schedule’
3. The stock again went up marginally on short covering but again fell to 190+ to 160+ level.
4. The real patience time for the investors and all anticipating at least the production will start on September 2008. But, there is no official statement from the management.
In the quarter July - …. 08:
1. Reliance Petroleum Limited has informed the Exchange regarding a media release dated July 22, 2008, titled "RPL refinery achieves 94% overall progress; Pre-commissioning activities gain momentum".
2. The Mukesh Ambani-led Reliance Petroleum Limited, or RPL has said that the refinery at Jamnagar will be completed ahead of December 2008. The company has utilized Rs 25,515 crore against projected Rs 24,125 crore for the project.
3. Again the same statement from chairman, nothing special about this!
4. This quarter some macro picture is going to be changed because of windfall tax, ban on EOU status..
5. Most of the analysts, which are strong believers of RPL success story now coming with bearish short term call aiming 140-145/- level.
6. UPA too showed the vote of confidence means crucial time ahead for RPL,RIL and cairn.
---
Conclusion:
a) For short term huge panic will come from here which will drag the RPL to 140+ level.
b) For long term investors its good opportunity to add at 140+ level.
c) For FY09 production may not be before September means there may not have significant impact on FY09 results. No such announcement from the management.
d) Some political issues now started targeting the Mukesh group companies.
---
With thanks
K a l y a n
Posted by kalyan (Be and Make) at 11:25 AM 0 comments Links to this post
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Be prosper and make others to prosper.
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with thanks
BE AND MAKE
Cues from FnO: Short term bounce?
Posted by : Be and MakeTracked by: 2 Boarders
Dear vbhandari – Good to see your message, I am not belonging to the petrochemical industry I am an investor of RPL. So, I cant find out the internals as you can but even as from out side we can guess that worst is behind us.
In my view, most of the boarders/investors may not know how the bear market is, whats its character, how it acts, how it sustains.
In my view, next key trigger for the panic is Q2 results till that we will in a tight range between 3550-3710.
(Hope that nifty may not breach the 3550, if it breaches tomorrow then the real panic will come.)
With thanks
Be and make
...
In reply to:
Cues from FnO: Short term bounce?
Posted by : vbhandari
Dear Be and Make, u are very much true, i work for petrochemical company, now if RPL production start also there is no demand globally and locally, there is very huge pressure on price which is going downward, Proplyne price had fallen almost 42% from its high in July-2008 . Further, there is current news that one of the largest bank in china is in trouble... so only one advice to all investor just KEEP cash in your hand dont buy now wait for 10K or 9K or 8K senses, as said by you there is no space for fundamentals and technicals. September results (Q2) of all major companies would be worse....
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