Thanks for your msg. I will hold on to it based on your recs. Otherwise I would be trading for a marginal profit.


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Subsidy has been released in cash. Second instalment also will be paid in cash. Fertiliser stoks are in fire. Fer cos has agreed to operate at full capacity.

Govt may come out with more gifts to the industry to keep the farmers happy before the elections.

Nag fert may cross resistances at 48,50 and 52.

Murthy madam your comments and projections on Nagarjuna


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Dear Jaiii

Sir
Can you give links about worldwide analysts .. for the sake of boarders please post the analysts recs.
Suppose they are right... our fertiliser prices are in wide parity with the international ones. Infact the fall in international market may rise fertiliser prices available dead cheap here . Nagfert has completed 3rd wave technically and poised for upmove. As of now (today technicals) the fertiliser sector has turned around showing signs of surge... ofcourse it may be one of the tricks played by bear cartel and bears are confused and frightened as I see, bull cartel appears to be ready to pick up the stock whenever it is down. Till now it is swinging with the market adding more of OI.. by afternoon I think a 8 - 9 % surge can not be ruled out.

I hold and trade


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True .. it is speculative. Probably it may see 200 intraday tomorrow. For the last 4 trading days the volumes were very low. There was an apparent selling. Not a deep one. Once again it may raise its hood.
Oil sector stocks are not going to do well in coming weeks. But Essar stands out and may outperform. One can enter around 200 levels safely ... atthemost it may see a downside of 180 but doubtful.

Idont hold the stock at present. May buy a small quantity tomorrow.


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Dear bcp

Sir .
Thanks for your response and I totally agree with you.

Ever since winning voc by the Govt ,market has already factored in (and not expecting any reforms by the Govt.) Otherwie with the crude tocuhing new lows nifty should have done better. I strongly feel Nifty is going through minor reactions before another surge.

Our oil wells will be having quality crude ( read as sulphur free ) in due course. As some one reported ... the Psunami brought a slight change in the earth axis... the result... continental drift and changes in the earths crust . The crude from oil rich countries wells may flow towards indian off-shore wells. Black Gold rush.

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Ifci is in plus today. For the last 4 days it has been hammered but the volumes were not great. Trying to raise its hood again ... may be after touching the bottom 44 for this season. be readay for another upward journey. Technically it has been sold out and tired.

I may not be right in my views as all predictions have tendency to go wrong in sm.

I hold and trade

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dear bcp

FM is making hectic efforts to release the indian stock market from the clutches of FIIs .... funding from the internal resources through MFs by floating pension funds etc. A change is round the corner... delinking is going to be reality. Crude may hit even 80 in coming days and months. Many Chinese industries have been shut down. Destination India. As I said earlier Food becomes a major commodity.. for ex indians ( especially poor villagers etc) started enjoying food for the first time since last 3,4 years.
In short nfcl will be touching 48 levels if not 50 before embarking on to the next journey.

I hold nfcl and trade

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buy if available at rs 40...

Also Do you say that "fertiliser prices are cheap"or "fertiliser stocks are available cheap". Please clarify. Thanks. ...

I have read that in many places. The one I remember is today's Deccan Chronicle. Page 15 DC - CHENNAI INDIA’S UREA subsidy bill may decline by as much as 43 per cent in the next four years on the back of a likely fall in the fertiliser prices by a whopping $300 in international markets, a report says. Urea prices are expected to decline to around $400 per tonne by 2012 in sync with a fall in crude oil prices, a report by credit rating agency Crisil stated. Currently, urea trades at over $700 per tonne in international markets, it adds. So, any fall in prices in global markets is likely to reduce the country’s import bill. In 2007-08, India imported about nine million tons of urea, which at current prices work out to a subsidy It states that Subsidy may fall by 43 %. In that case is it beneficial to the manufacturer. I know it should be a head blow for the dealers who stock the fertiliser and increase the price. Thanks....

Essar oil is a very good trading stock.......good for long term huge returns if you have patience......It shall not go down immediately as you wanna buy it at 200 levels.. but itz usually the case with this stock as no one can predict when it shall go up or down but to a huge higher percentage either ways....

Dear Adwaith, I like your spirit. Opening up of the pansion funds would require the Bill to be passed by the parliament. We are in days of political uncertainty and certainly the Govt will not like to float a money bill in the Parliament as failing of money bill means falling of the Govt. BJP shall oppose it as already said. I am not too optimistic about major reforms till the next elections. ...

For the moment this stock will not go below Rs 30. Buy at Rs 30 and sell at Rs 45. This range bound movement will continue till such time the gas feedstock does not come. Rs 12!!! ugh. Let us hope it does not go. Even though I expect a massive crashing of the market in days/months to come. The US recession is slowly spreading and will trap all of us sooner than later....

dear buddy...can u tell me how does OI of a stock show its uptrend and downtrend...i believe nfcl has volumes of over a crore...and shedding interest of just 1.5lakhs is peanuts...i believe the uptrend in this stock is intact...i got a news many big players have entered in this stock at 40levels...today or tom this stock has to go above 50 unless there is a bear market again......