See joe said GO LONG IN RIL... now where are those guys who shoed away boarders with solid views on the markets.. where are policemen who shooed away good boardres.. where where where.. i am coming for your views now since the board lacks all views thanks to you guys....

That was a good discussion I thought by all of us. Thanks everyone for chipping in. What I feel is, today and tomorrow would be dominated by bulls and then would come the bear attack. As for today, one can go long at the current level of 5070 with a stop 5050 for a target above 5100. Regards, Rudra...

can you post your views on JSL..?...

How U r seeing closing Today Mkt. Considering the following matter: - 1. Expiry r about to near 2. 4900 & 5000 Put options r most active derivative today 3.Profit Booking 4.Mkt r not seeing to cross 5080 level 5.FII selling cash drivatives My opinion is Mkt can fall due to profit booking . Nifty can break 5000 level and sensex can break 17000 level. Its my opinion. Please also share ur opinions in this matter And Chief - Kamani Analysis was perfect for friday mkt. ...

Market may open positie around +40(sensex)May be volatile but positive trend dominates. Intraday high :below+200(sensex) Low : below -150 closing +75 and above Disclosure:If the opening itslef is negative and no sign of PLUS before 12-00Hrs,the market may loose heavily.May be above -350(sensex)...

You want bundles of money? SHORT THINKSOFT GLOBAL today AND YOU MAY GET Rs.20 AND ABOVE PER SHARE.(PLEASE PUT STOPLOSS OF Rs,5/- AND IF TRIGGERS DONT LOOSE HEART and TRADE AGAIN AND AGAIN)...

Nifty Close : 5052. Trading strategy : Watch opening and if Open in green ( Expected ). Target-1 can be 50095 around Once cross this levels, supply is expected but If it do stay above 5067 and do not break this levels , expected Target-2 can be 5147 Monday it self or on tuesday If Close abobe 5087. Support levels shall be watched only if broken 5011... WHICH CAN BE 4967 And max 4927..... We expect opening with positive note.. STILL when we are seating on Terminal why to presume ???? Be with trend always.. -- SK --...

Moderator,

Please see the messages posted by boarder NODICK to me on various occasions. I am marking the same offensive, but still remain there on board. He is habitual in posting such offensive messages and spoils the decorum on Board.

It is requested that the boarder may please be red-flagged forthwith. If my request is not heeded, I have no option other than to refrain from being active on MMB.

joetom

...

Extract from my web-site Blog:

19/11 - Uptrend to Resume!!!


Baltic Dry Freight Index touched a 14-month high of 4381, boosting the shipping stocks. Jharkhand government has agreed to renew the SAIL’s lease for the Buddhaburu mine, having reserves of 810mn tons. The company also announced its plan to spend Rs600bn for expansion in next 3 years and to jointly develop a limestone project at Arki in Himachal Pradesh with a 3MTPA capacity. Reliance-RNRL case is moving in favour of RIL. The fact that Court is convinced about the ownership of the assets as that of Govt and any private agreement between its contractor and a 3rd party is not tenable, will go in favour of RIL as the company can then sell gas to RNRL at the Govt fixed higher rate. Reliance bonus Record date is fixed for 27 November. Ex-Bonus cost at CMP is just about 1050, means just above the 3 digit quote. This is a golden opportunity to acquire RIL shares so low. One can safely earn 50% return in 1-3% if invested in this stock for short term. Unitech, Suzlon and IFCI are likely to move closer to our targets today after JP Associates and Renuka having achieved our targets but still ticking. After a few days, we may say, it was better, if I had not booked my holdings, as always we do.


Sensex on Thursday, test the 4 DMA, managed to close above that, this being 2nd day that bears failed in their attempt to break the support. However, having managed a negative close, bears have become braver and may try their best today as well. Advantage to bulls is that the 30 DMA also have faced upward, but this DMA is yet to align with other DMA’s for a total bullish pattern. Also, favouring bulls was that the index made a higher high and higher low, after having broken the 8 day streak of such a move the previous session. On Thursday, Sensex may open flat within 30 points on either way. After initial pull and push, Sensex will hit the day’s low in the initial hour itself and start moving higher. A break above 17027 is good enough indication for the onset of next move up which can take it to 17079 and 17160. Sensex is unlikely to break below 16845 in a worst case scenario. Day traders may go long above 17027 and remain short below 17019. Either short or long may also be booked with small profits, not to get caught on a wrong foot. A close above 17027 is essential to resume the uptrend. All longs and short term investments can be sold if we are likely to close below 16845.



Sensex PIVOT: 17019
Supports: 16938, 16878
Resistances:17079, 17160, 17301


Likely Open: 16975-17025
Likely trading Range: 16845-17175
Likely Close: 17090-17140

NB: My web-site will have all online calls and full Blog Report can be read after market hours. Please feel free to visit joes-marine dot com

...

Sensex now 16889....best time to enter longs....Reliance best buy at 2097 Nov future...

Grab RELIANCE INDUSTRIES ---dead cheap!

RIL will give 40-50% appreciation in about 3 months, Target 1400-1500 EX_BONUS
...

MM,

Why is it that you are giving such a bearish outlook? Hope not, that you are short????

Tom...

Yes, Supreet, 22 long years.

Joined Naval Academy after CDSE, resigned from the Bank to join (I was a probationer). Commissioned 01 Jan 79, pre-maturely retired 01 May 99. Hydrographer by profession.

Do you have any connections?

I did not find the message you mentioned, even after scanning thru. Where can I find it?

Tom...

NIFTY CLUB – Statistics: 18 Nov 2009


18/11 - Trades

Long 2 Nifty 5044 10:07
Long 4X5100 Call 44.85 11:56
Booked 2 Nity 5079 12:43
Long 2 Nifty 5065 1:40
Long 2 Nifty 5051 1:46
Long 4X5100 Call 44 2:41
Long 2 Nifty 5050.50 3:17
Long 2X5100 Call 39.50 3:20



Positions outstanding:


Long 20 Nifty 5005.22
Short 2X5000 Dec Puts 207.35
Long 14X5100 Calls 41.63


Performance: November

B/F Profits : Rs 3,54,638
Profits accrued today: Rs 3500
Cumulative Profits : Rs 3,58,138


Performance History

March: Cash Profits: Rs 38812
April – Cash Profits: Rs 57100
May – Cash Profits: Rs 825713
June- Cash Profits : Rs 148196
July- Cash Profits : Rs 71161
August-Cash Profits: Rs 87925
Sept: Cash LOSS: (Rs 200763.50)
Oct: Cash Profits: Rs 403368
Nov: Cash Profits till date: Rs: 3,58,138

GRAND TOTAL PROFITS: Rs 17,89,654

NB: All online calls including the above trades are available for viewing on my web-site joes-marine dot com during non-trading hours. Please feel free to visit.
...

Extract from my web-site Blog:

19/11 - Uptrend to Resume!!!


Baltic Dry Freight Index touched a 14-month high of 4381, boosting the shipping stocks. Jharkhand government has agreed to renew the SAIL’s lease for the Buddhaburu mine, having reserves of 810mn tons. The company also announced its plan to spend Rs600bn for expansion in next 3 years and to jointly develop a limestone project at Arki in Himachal Pradesh with a 3MTPA capacity. Reliance-RNRL case is moving in favour of RIL. The fact that Court is convinced about the ownership of the assets as that of Govt and any private agreement between its contractor and a 3rd party is not tenable, will go in favour of RIL as the company can then sell gas to RNRL at the Govt fixed higher rate. Reliance bonus Record date is fixed for 27 November. Ex-Bonus cost at CMP is just about 1050, means just above the 3 digit quote. This is a golden opportunity to acquire RIL shares so low. One can safely earn 50% return in 1-3% if invested in this stock for short term. Unitech, Suzlon and IFCI are likely to move closer to our targets today after JP Associates and Renuka having achieved our targets but still ticking. After a few days, we may say, it was better, if I had not booked my holdings, as always we do.


Sensex on Thursday, test the 4 DMA, managed to close above that, this being 2nd day that bears failed in their attempt to break the support. However, having managed a negative close, bears have become braver and may try their best today as well. Advantage to bulls is that the 30 DMA also have faced upward, but this DMA is yet to align with other DMA’s for a total bullish pattern. Also, favouring bulls was that the index made a higher high and higher low, after having broken the 8 day streak of such a move the previous session. On Thursday, Sensex may open flat within 30 points on either way. After initial pull and push, Sensex will hit the day’s low in the initial hour itself and start moving higher. A break above 17027 is good enough indication for the onset of next move up which can take it to 17079 and 17160. Sensex is unlikely to break below 16845 in a worst case scenario. Day traders may go long above 17027 and remain short below 17019. Either short or long may also be booked with small profits, not to get caught on a wrong foot. A close above 17027 is essential to resume the uptrend. All longs and short term investments can be sold if we are likely to close below 16845.



Sensex PIVOT: 17019
Supports: 16938, 16878
Resistances:17079, 17160, 17301


Likely Open: 16975-17025
Likely trading Range: 16845-17175
Likely Close: 17090-17140

NB: My web-site will have all online calls and full Blog Report can be read after market hours. Please feel free to visit joes-marine dot com

...

RN,

I had been telling several times before that our markets are not going by the book, it does not follow TA, FA or any news. Few operators, supported by unknown forces are pushing up or pulling down the market, the way they want. We have to just follow the flow.

But, I liked today`s movement, again it was exactly as delineated by me. Sensex fell from positive opening and took support just above the 4 DMA, thus clearing its move ahead again.

Since last few days, my predictions had been hitting bulls-eye consistently. One of my blog members even asked me to send my predictions to Bonanza or something, where you get 50K as prize money for predicting right...lol....

Tom...

Here is yet another bulls-eye prediction, extract from my web-site Repoart:


17/11 - TRADER`S DAY!!!



On Saturday, the Government switched to using monthly inflation data for all commodities with 1993-94 as the base year, from the earlier practice of announcing weekly price movement. India`s inflation, as measured by the WPI, rose to 1.34% in October, against 0.5% in previous month and 12% in same month in previous year. DOT on 16 November 2009 held a pre-bid conference in Delhi for prospective 3G bidders, thus kicking off the 3G spectrum auction process. GVK Power will complete the acquisition of a 13.5% stake of its South African partner Bidvest in Mumbai International Airport. Suzlon announced that its unit received an order for wind turbines to generate 21MW of power. Aban Offshore announced that they raised US0mn by selling shares to institutional investors. JLR unit of Tata Motors will get a US0mn loan from General Electric Capital Corp.
GE Caps has undertaken to finance all new production of JLR cars from the time the cars leave the factory for up to 90 days.



Sensex on Monday continued its bullish move, trading above all key DMAs and all but 30 DMA looking up. Except 30 DMA, others are aligned such a way that lower DMA’s are trading above the next higher one. A close above 17161 will ensure 30 DMA looking up today. On Monday, once again higher high and higher low were formed, 8th day in succession, not a mean achievement for bulls. As was opined by me, Sensex traded above 17000 for entire day, soon after opening trades. On Tuesday, Sensex may open gap up and hit a level higher than Monday before consolidating by trading on either side of the unchanged mark. Bullishness will remain intact; however, closing need not be in green. It could be a traders market. Fresh longs are not recommended, but positional shorts may also cost dearly. Day traders may remain long above 17016 and short below that level. Profit booking suggested around 17161. Good support is available above 16850, a close below which warrants booking all long positions. Suzlon will continue its upward march. Bharti, Unitech and JP Associates are likely to go higher levels today. Suggest investing all your profits in Satyam and CATECH at lower levels.



Sensex PIVOT: 17016

Supports: 16942, 16851

Resistances:17103, 17173, 17334



Likely Open: 17070-17120

Likely trading Range: 16859-17173

Likely Close: 17040-17090

NB: Please visit my web-site: joes-marine dot com for the full report and online calls for the day....

RN,

It is true that S&P is at a critical juncture finding stiff resistance at 1100. But, this is likely to be taken out on Monday and DOW and Nasdaq will fall in line. May be you are right, there could be sell off after testing this level.

However, our markets are de-coupled from US as was evident in last couple of weeks. We are the trend setters, at least for the time being. US is at its 52 week high whereas we are not. We have to catch up a lot and go ahead of US, not behind. Moreover, news flow in US in coming days will be more positive biased, helping the stocks to recover more. Nifty 5000-5050 if successfully taken out on Monday, Bulls will continue singing their own tunes.

`Mera Bharath Mahan`

Tom...

Hey Mallu,

Please don`t do that! There are women folks around here on MMB!

Tom...