8900 thats june 2006 low, when world markets are testing 3-5 years low,no labels are impossible on index, rs, call money, vix or any others, they have just become a next number. cheers!!...

today 3113 target of ewt ratio arm length will be done too. if it doesn`t stop there,then 61.8% level of post 2001 rally and that is just below 3000.watch cnbc tv with mute and enjoy the song

Kahaan Tak Yeh Man Ko Andhere Chhalengey
Udaasi Bhare Din Kabhi To Dhalengey

Kabhi Sukh Kabhi Dukh Yehi Zindagi Hai
Yeh Patjhad Ka Mausam Ghadi Do Ghadi Hai
Yeh Patjhad Ka Mausam Ghadi Do Ghadi Hai

Naye Phool Kal Phir Dagar Mein Khilengey
Udaasi Bahre Din Kabhi To Dhalengey ...

cry for liquidity gets louder and who is crying this time loud, MFs folks. They been telling all the months to market that they been sitting on huge cash. There has been several print media report in sept 08 itself saying that MF cash level has gone up from 10% to 14 % (more than 12,000 cr) and they been waiting for lower level to deploy cash and support sagging market. Now all the cash level of MF`s has disappeared in thin air and they are crying out loud. cash hoarding is only thing now all the big ones doing. and call money rate is going to zoom, already crossed 10.25% today . let us see what rbi does next?...

dear sp.palo,

our market is been fii driven and and global situation will improve or go down ,no one knows.now days,nothing is impossible. investor confidence is shattered and they will be happy if volatility cools down and market stabilize at this level.

cheers!!...

Dear Bull2008,

When everyday some panic news is circulated and few big one eats all the liquidity and cry for help, no body knows what will happen next.let us see how long investor around the world will surrender to sheer manipulation and taken for ride.Few big ones will gather all the wealth from many many small ones.

at last nifty has given 200 points bounce. little stability is more important than this craziness of high volatility.let us hope some sense returns to market and annihilation of investor stops.

Cheers!!...

61.8 % of fib label which mentioned in that last post is done. This is true if we take the bull market post 2004, if we consider the bull market post 2001, then 61.8% level has to come yet and which is just below 3000, So in worst case my levels to watch will be 2950-3000 on nifty .

Anyway my 25% protfolio buy in fire sale shopping is over last week and won`t put a single penny more unless market becomes little stable.


Vivek Patil of icicidirect been giving some theory about 8years of cycle and 55% cut from top and according to that nifty level comes at 2860. Let us see how market behaves in coming days.

Real game is shifting again to call money rate and again its zooming , on friday it touched 22% intraday. high call rates suggest that there is shortage of Rs and Rs making new low against $. what the hell is going on? sheer speculation.

Please note that this is not the first time, call money rate is zooming and has taken over maximum PLR. In last week of March 2007, call rates was zoomed to 75% on 21st march 2007, see the chart above for call money rate. On 1st June 2007, do you know how much it was , it was just 0.01%.

If we take the history of call mony rate zoom, close to every massive fall, call money rates zoom and market becomes a hyper pessimistic place. Soon

Anyway from yesterday 1.5% crr cut is effective and 60000 cr will come into the system and on saturday call rate was down to 10%. But next week will be things to watch out for call money rate. anyway i don`t think game is over in call money rate and in name of liquidity crunch, again sooner or later it will zoom to + 50% and then may be RBI will allow bank to use its repo window to borrow and use the fund for lending.

anyway i expect to hear some more bad news from media and print channel about very high call rates( they have already started this) and creating more panic in stock market and that may compel RBI to do some more and probably intrest rate cut, let us hope RBI doesn`t cut interest rate and keep using crr as tool to pump more money. first sign of liquidty ease will get reflected in call money rate,that will work towards providing stability in stock market. So watch out for this. ...

nifty down 6.7% but feels like market down by 20%....

Hmmm... Yesterday Lata venkatesh was busy claiming rupee will climb by atleast a rupee !!! Today its broken 49 again... Doing just the opposite... BTW kotak comes daily in one form or the other and claims market will go up... The day it goes up once in a way... He is all over the place with different IDs... Ha Ha Ha Ha Ha... ROFL... Coming to liquidity problems it is on the debt side the MFs have problems... If it does on the equity side we might as well get ready for 4000 on the index... Ha Ha Ha Ha Ha... ROFL... PS: Waiting for 8900 to break for determining next level... Cheers......

today 3113 target of ewt ratio arm length will be done too. if it doesn`t stop there,then 61.8% level of post 2001 rally and that is just below 3000.watch cnbc tv with mute and enjoy the song Kahaan Tak Yeh Man Ko Andhere Chhalengey Udaasi Bhare Din Kabhi To Dhalengey Kabhi Sukh Kabhi Dukh Yehi Zindagi Hai Yeh Patjhad Ka Mausam Ghadi Do Ghadi Hai Yeh Patjhad Ka Mausam Ghadi Do Ghadi Hai Naye Phool Kal Phir Dagar Mein Khilengey Udaasi Bahre Din Kabhi To Dhalengey ...

cry for liquidity gets louder and who is crying this time loud, MFs folks. They been telling all the months to market that they been sitting on huge cash. There has been several print media report in sept 08 itself saying that MF cash level has gone up from 10% to 14 % (more than 12,000 cr) and they been waiting for lower level to deploy cash and support sagging market. Now all the cash level of MF`s has disappeared in thin air and they are crying out loud. cash hoarding is only thing now all the big ones doing. and call money rate is going to zoom, already crossed 10.25% today . let us see what rbi does next?...

manupilation is going on this script once retailar will buy then bare market is come into picture so this is right time to take call option 1470 range is now 50 - 75 rs .. take one call option and then wait some more time and buy @ 1000rs -1200 Rs .......

Hi, At this level very heavy offload done by FIIs. Very alarming sign, Voltas easily avaible around Rs. 50-55. Take wise decision....

dear sam_pd, i fear the FII were waiting for this level of Nifty for selling. Still the global scenario is uncertain, so as our markets. Though todays pull back gave some confidence, still new low is possible if all FIIs decide to get out of India. cheers shakti...

Dear Sam We may be near the intermediate bottom but the big question is if any of the big assets comes under pressure with might see freefalls once again. Other postive developments are The Nuke deal too has been signed. Crude has slipped below the 80$ mark. Cheers ...