Reserve Bank of India hiked the Cash Reserve Ratio late on Tuesday evening by 0.5% ( or as the RBI will put it 50 basis points).
This is being seen as a part of the central bank's move to reign in the runaway inflation. This move will suck money out of the banking system and hence reduce liquidity. As a result, cost of money is expected to increase, in other words, interest rates are like to increase ( 'harden' as some would have it)
Under the circumstances, I would expect the markets to react negatively to this news Wednesday.
Wednesday, June 25, 2008
Monday, June 16, 2008
Wipro buys Motorola stake in JV WMNetServ
Wipro Technologies, a division of Wipro Limited has according to this report http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=40051 bought out JV partner Motorola's stake in WMNetServ.
Capital Markets have shown interest in the development. It is expected that, the bourses will attach only as much significance as is proportional to the size and impact of the transaction.
While the news article claimed that "The stake held by Wipro was also not disclosed", the same however is in public domain.
Capital Markets have shown interest in the development. It is expected that, the bourses will attach only as much significance as is proportional to the size and impact of the transaction.
While the news article claimed that "The stake held by Wipro was also not disclosed", the same however is in public domain.
Saturday, June 14, 2008
Am I missing Swaminathan S Anklesaria Aiyer's point ?
Swaminathan S. Anklesaria Aiyer (henceforth SSSA for brevity's sake) believes that India "need to check the demand for oil by letting price rise. The refusal to do so is keeping demand artificially high. The subsidy for oil is also a subsidy for street pollution and congestion, and reduces the incentive to switch from private to public transport."
He further informs us that the petroleum ministry wants to raise the price of petrol by Rupees 10/litre and diesel by Rs 5/litre ( Subsequently the Govt. hiked petrol by Rs 5, diesel by Rs 3 and Cooking gas by Rs 50) to recover 50% of the under-recoveries.
Business Standard's Weekend supplement on Saturday 14 June 2008 informs us that petrol prices in Delhi is 50.56 (mind you this is because the National Capital is always treated with kid gloves) , Karachi is 42.38 Dhaka 38.74 Colombo 48.20 Kathmandu 49.97 ( all figures converted to INR).
http://www.newyorkgasprices.com/ informs that the most expensive gasoline in New York is today $4.67 a gallon. ( Converted, it is about INR 53 a litre, which is lower than the price that most ordinary Indians who live outside the NCR end up paying.)
If the price in India is higher than many other comparable parts of the world is the rest of the world also subsidising their petro products. Seems Unlikely. Please feel free to ping me and correct me if this is wrong.
If We are already paying more than a fair market price why should Indian citizens be subjected to much higher prices ?
This is not to say oil companies ought to suffer. Nor is this to an appeal to reduce duties. I just cannot see the logic in Mr. Aiyer's argument that we ought to increase prices to reduce consumption and demand which is "artificially high". Do you ?
He further informs us that the petroleum ministry wants to raise the price of petrol by Rupees 10/litre and diesel by Rs 5/litre ( Subsequently the Govt. hiked petrol by Rs 5, diesel by Rs 3 and Cooking gas by Rs 50) to recover 50% of the under-recoveries.
Business Standard's Weekend supplement on Saturday 14 June 2008 informs us that petrol prices in Delhi is 50.56 (mind you this is because the National Capital is always treated with kid gloves) , Karachi is 42.38 Dhaka 38.74 Colombo 48.20 Kathmandu 49.97 ( all figures converted to INR).
http://www.newyorkgasprices.com/ informs that the most expensive gasoline in New York is today $4.67 a gallon. ( Converted, it is about INR 53 a litre, which is lower than the price that most ordinary Indians who live outside the NCR end up paying.)
If the price in India is higher than many other comparable parts of the world is the rest of the world also subsidising their petro products. Seems Unlikely. Please feel free to ping me and correct me if this is wrong.
If We are already paying more than a fair market price why should Indian citizens be subjected to much higher prices ?
This is not to say oil companies ought to suffer. Nor is this to an appeal to reduce duties. I just cannot see the logic in Mr. Aiyer's argument that we ought to increase prices to reduce consumption and demand which is "artificially high". Do you ?
Introspection!
We are all dead in the long term! therefore the idea of reaping rich dividends/value in the longterm wouldn't really appeal to most of us. And a more profound thought is the fact that all of us would like to make a quick buck even if we are to compromise on our risk appetite. It would only be cynical on our part to deny this and speak of prudent investment ideas, strategies, combinations and all that non-sense ( since there was never an intent ) in times where every other stock at todays given prices seem to be a steal in comparison to the not so distant past.
A majority i would presume...rather iam sure of are saddled with stocks that defied all logic and fundamentals to scale dizzy heights at their peak and more so on their way down. This is a common phenomena pertaining to stock markets and is a typical case of history repeating itself. The primary reason that can attributed to this apparent anomalous behaviour is nothing but Greed. The other important corralaries are Indiscipline, misinformation, blindeye towards fundamentals and ofcourse absolute disregard with respect to over leveraging.
I personally is of the opinion that even any one of the above mentioned ingredients can cause significant damage, a combination or even more( all put together) will only result in a complete rout. Ok. Most of us are aware & understand all of this. There comes the Q.
How and what is it that can make us practice the above mentioned virtues and at the same time make the desired money?
If i did have the perfect answer to this question... there wouldn't have been temples or churches! As i have always wondered.... the so called learned and wise men, the big institutional houses, the market movers, all of them have only measured opinions and advices to offer which again is never accountable and is ofcourse common folklore. So where do we seek the " REAL INFORMATION" that we are all desperately looking for?
I have a firm belief ... the answer lies within our own selves and a more closer picture can be evolved from the animal kingdom of whom we were once a part. It is simple understanding and no rocket science. Carnivores generally don't hunt the same pack or their equals. It is the largely populous and the weaker section i.e. the herbivores which are their fodder. Vice-versa the Minority ( carnivores-- The big institutions, HNI's, with large coffers ) will always make prey of the majority ( Herbivores-- All of us! ). Minority wins and rules! there is no escaping this fact.
So what exactly does this explanation mean? Is this all farce and only a way of extorting money from the weaker section? Yes it is but It isn't all that gloomy. The underlying fact is that it is a platform created for the minority and u will always be pawn in the game! But a pawn can prove to be more than a handful.. but again only at times...not always! So.. alike the Minority! without any concrete redressal to the actual and factual problem... i leave it stranded with some thought for all! will take it up from hereon!
A majority i would presume...rather iam sure of are saddled with stocks that defied all logic and fundamentals to scale dizzy heights at their peak and more so on their way down. This is a common phenomena pertaining to stock markets and is a typical case of history repeating itself. The primary reason that can attributed to this apparent anomalous behaviour is nothing but Greed. The other important corralaries are Indiscipline, misinformation, blindeye towards fundamentals and ofcourse absolute disregard with respect to over leveraging.
I personally is of the opinion that even any one of the above mentioned ingredients can cause significant damage, a combination or even more( all put together) will only result in a complete rout. Ok. Most of us are aware & understand all of this. There comes the Q.
How and what is it that can make us practice the above mentioned virtues and at the same time make the desired money?
If i did have the perfect answer to this question... there wouldn't have been temples or churches! As i have always wondered.... the so called learned and wise men, the big institutional houses, the market movers, all of them have only measured opinions and advices to offer which again is never accountable and is ofcourse common folklore. So where do we seek the " REAL INFORMATION" that we are all desperately looking for?
I have a firm belief ... the answer lies within our own selves and a more closer picture can be evolved from the animal kingdom of whom we were once a part. It is simple understanding and no rocket science. Carnivores generally don't hunt the same pack or their equals. It is the largely populous and the weaker section i.e. the herbivores which are their fodder. Vice-versa the Minority ( carnivores-- The big institutions, HNI's, with large coffers ) will always make prey of the majority ( Herbivores-- All of us! ). Minority wins and rules! there is no escaping this fact.
So what exactly does this explanation mean? Is this all farce and only a way of extorting money from the weaker section? Yes it is but It isn't all that gloomy. The underlying fact is that it is a platform created for the minority and u will always be pawn in the game! But a pawn can prove to be more than a handful.. but again only at times...not always! So.. alike the Minority! without any concrete redressal to the actual and factual problem... i leave it stranded with some thought for all! will take it up from hereon!
Friday, June 13, 2008
Short if you are adventurous !
A listless day..... nifty traders exit 4485-4490..... Adventurous may take short positions at the same levels carrying to monday.
Inflation @ 8.75! See an upmove
Inflation @ 8.75! Nifty still hovering around 4475-4480..... Along expected lines..... Hopefully see an upmove....
IVR Prime and Sasken Communications
Buy & hold IVRPrime @ 220 for 3-4 trading sessions. 250+ target . Merryl lynch to increase stake. Information based.
Buy & hold Sasken comm. for 3-4 trading sessions @ 129. Expect 10-12% upside irrespective of mkt. conditions. News expected.
Book ur profits if it happens early and do not wait for the events to unfold. I repeat....Just book ur profits.
Buy & hold Sasken comm. for 3-4 trading sessions @ 129. Expect 10-12% upside irrespective of mkt. conditions. News expected.
Book ur profits if it happens early and do not wait for the events to unfold. I repeat....Just book ur profits.
Buy Nifty @ 4500 ...
Buy initiated in nifty @ 4500 @ opening bell. Nifty after the first 100 min. of trading hovering @ 4475-4480. Hold. Aggressive traders may add further to existing positions at CMP. ( Current mkt price).
Friday the 13th! Beware....
Hi everybody!
All of us witnessed a stupendous pullback yesterday with a positive surprise from the weekly IIP numbers. Largely the mkt is still pretty weak and every small rise will only propel short positions... which again eventually will take the mkt up by way of shortcovering, as it did yesterday. Today will be a mixed day and movement expected on either side( as most analysts would blabber) isnt my kind of opinion and believe in sticking ones neck out and owning responsibility. Being my first item here... will go ahead and say its a buy on nifty at opening today! will try and keep it updated during the day.
All of us witnessed a stupendous pullback yesterday with a positive surprise from the weekly IIP numbers. Largely the mkt is still pretty weak and every small rise will only propel short positions... which again eventually will take the mkt up by way of shortcovering, as it did yesterday. Today will be a mixed day and movement expected on either side( as most analysts would blabber) isnt my kind of opinion and believe in sticking ones neck out and owning responsibility. Being my first item here... will go ahead and say its a buy on nifty at opening today! will try and keep it updated during the day.
Tuesday, June 10, 2008
Welcome to Nifty Trading Calls and Tips !
Welcome to Nifty Trading Calls and Tips !
We wish to bring you timely calls on the stock market in India. The National Stock Exchange and the Bombay Stock Exchange listed stocks will be our area of focus. More, specifically we will cover stocks that are in derivatives or F&O ( FnO) segment.
Happy Trading !
Disclaimer :
By accessing this blog or any of its associateblogs /group sites, you have read, understood and agree to be legally bound by the terms of the following disclaimer and user agreement.
This website/blog advises users to check with certified experts before taking any investment decision. However, this website/blog does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. This website/blog especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
This website/blog is not responsible for any errors, omissions or representations on any of our pages or on any links on any of our pages. This website/blog does not endorse in anyway any advertisers on our web pages. Please verify the veracity of all information on your own before undertaking any alliance. The authors/ experts posting in this blog may hold positions in the stock being discussed. We do not undertake to disclose out holding postion. The authors may not be disinterested parties.
The information on this website is updated from time to time. This website/blog however excludes any warranties (whether expressed or implied), as to the quality, accuracy, efficacy, completeness, performance, fitness or any of the contents of the website, including (but not limited) to any comments, feedback and advertisements contained within the Site.
This website contains material in the form of inputs submitted by users and this website/blog accepts no responsibility for the content or accuracy of such content nor does this website/blog make any representations by virtue of the contents of this website in respect of the existence or availability of any goods and services advertised in the contributory sections. This website/blog makes no warranty that the contents of the website are free from infection by viruses or anything else which has contaminating or destructive properties and shall have no liability in respect thereof.
Part of this website contains advertising and other materials submitted to us or placed by third parties. Kindly note that those advertisers are responsible for ensuring that material submitted for inclusion on the website complies with all legal requirements. We do not accept liability in respect of any advertisements.
This website may contain articles contributed by several individuals. The views are exclusively their own and do not necessarily represent the views of the website or its management. The linked sites are not under our control and we are not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. This website/blog is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by us of the site.
Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by this blog and individuals associated with it should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by this blog and individuals associated with it and employees/owners are for information purposes only and under no circumstances should be used for actual trading. Under no circumstances should any person at this site make trading decisions based solely on the information discussed herein. We are not a qualified financial advisor and you should not construe any information discussed herein to constitute investment advice. It is informational in nature.
You should consult a qualified broker or other financial advisor prior to making any actual investment or trading decisions. You agree to not make actual stock trades based on comments on the site, nor on any techniques presented nor discussed in this site or any other form of information presentation. All information is for educational and informational use only. You agree to consult with a registered investment advisor, which we are not, prior to making any trading decision of any kind. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
You, and not this website/blog, assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. If you choose to engage in such transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing therefrom are your sole responsibility. The information and commentaries are not meant to be an endorsement or offering of any stock purchase. They are meant to be a guide only, which must be tempered by the investment experience and independent decision making process of the subscriber. This website/blog or any employees are in no way liable for the use of the information by others in investing or trading in investment vehicles utilizing the principles disclosed herein. This website/blog or any of its employees do not represent themselves as acting in the position of an investment advisor or investment manager for the use of the information in this service. The materials and information in, and provided by, this site are not, and should not be construed as an offer to buy or sell any of the securities named in materials, services, or on-line postings.
We encourage all investors to use the information on the site as a resource only to further their own research on all featured companies, stocks, sectors, markets and information presented on the site. Nothing published on this site should be considered as investment advice.
This blog, its authors or the webspace host take no responsibility for the veracity, validity and the correctness of the expert recommendations or other information or research. Although we attempt to research thoroughly on information provided herein, there are no guarantees in accuracy. The information presented on the site has been gathered from various sources believed to be providing correct information. The blog and its authors are not responsible for errors, inaccuracies if any in the content provided on the site. Any prediction made on the direction of the stock market or on the direction of individual stocks may prove to be incorrect. Users/visitors are expected to refer to other investment resources to verify the accuracy of the data posted on this site on their own.
This website/blog does not represent or endorse the accuracy or reliability of any of the information, conversation, or content contained on, distributed through, or linked, downloaded or accessed from any of the services contained on this website (hereinafter, the "Service"), nor the quality of any products, information or other materials displayed, purchased, or obtained by you as a result of any other information or offer by or in connection with the Service.
Neither this website/blog nor its principals, agents, associates or employees, are licensed to provide investment advice. No materials in this website/blog, either on behalf of this website/blog or any site host, or any participant in this website/blog or any of its associated sites should be taken as investment advice directly, indirectly, implicitly, or in any manner whatsoever, including but not limited to trading of stocks on a short term or long term basis, or trading of any financial instruments whatsoever. Past Performance Is Not Indicative of Future Returns. All analyst commentary provided on this website/blog is provided for information purposes only. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on this website/blog is governed by this Terms and Conditions of Use. This material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and that it should be relied upon, as such. You should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. By using this website/blog including any software and content contained therein, you agree that use of the Service is entirely at your own risk. This website/blog is not a registered investment advisor or a broker dealer. You understand and acknowledge that there is a very high degree of risk involved in trading securities. Past results of any trader published on this website are not indicative of future returns by that trader, and are not indicative of future returns which be realized by you. Any information, opinions, advice or offers posted by any person or entity logged in to this website/blog or any of its associated sites is to be construed as public conversation only. This website/blog makes no warranties and gives no assurances regarding the truth, timeliness, reliability, or good faith of any material posted at this website/blog. This website/blog does not warrant that trading methods or systems presented in their services or the information herein, or obtained from advertisers or members will result in profits or losses.
We wish to bring you timely calls on the stock market in India. The National Stock Exchange and the Bombay Stock Exchange listed stocks will be our area of focus. More, specifically we will cover stocks that are in derivatives or F&O ( FnO) segment.
Happy Trading !
Disclaimer :
By accessing this blog or any of its associateblogs /group sites, you have read, understood and agree to be legally bound by the terms of the following disclaimer and user agreement.
This website/blog advises users to check with certified experts before taking any investment decision. However, this website/blog does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. This website/blog especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
This website/blog is not responsible for any errors, omissions or representations on any of our pages or on any links on any of our pages. This website/blog does not endorse in anyway any advertisers on our web pages. Please verify the veracity of all information on your own before undertaking any alliance. The authors/ experts posting in this blog may hold positions in the stock being discussed. We do not undertake to disclose out holding postion. The authors may not be disinterested parties.
The information on this website is updated from time to time. This website/blog however excludes any warranties (whether expressed or implied), as to the quality, accuracy, efficacy, completeness, performance, fitness or any of the contents of the website, including (but not limited) to any comments, feedback and advertisements contained within the Site.
This website contains material in the form of inputs submitted by users and this website/blog accepts no responsibility for the content or accuracy of such content nor does this website/blog make any representations by virtue of the contents of this website in respect of the existence or availability of any goods and services advertised in the contributory sections. This website/blog makes no warranty that the contents of the website are free from infection by viruses or anything else which has contaminating or destructive properties and shall have no liability in respect thereof.
Part of this website contains advertising and other materials submitted to us or placed by third parties. Kindly note that those advertisers are responsible for ensuring that material submitted for inclusion on the website complies with all legal requirements. We do not accept liability in respect of any advertisements.
This website may contain articles contributed by several individuals. The views are exclusively their own and do not necessarily represent the views of the website or its management. The linked sites are not under our control and we are not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. This website/blog is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by us of the site.
Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by this blog and individuals associated with it should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by this blog and individuals associated with it and employees/owners are for information purposes only and under no circumstances should be used for actual trading. Under no circumstances should any person at this site make trading decisions based solely on the information discussed herein. We are not a qualified financial advisor and you should not construe any information discussed herein to constitute investment advice. It is informational in nature.
You should consult a qualified broker or other financial advisor prior to making any actual investment or trading decisions. You agree to not make actual stock trades based on comments on the site, nor on any techniques presented nor discussed in this site or any other form of information presentation. All information is for educational and informational use only. You agree to consult with a registered investment advisor, which we are not, prior to making any trading decision of any kind. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
You, and not this website/blog, assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. If you choose to engage in such transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing therefrom are your sole responsibility. The information and commentaries are not meant to be an endorsement or offering of any stock purchase. They are meant to be a guide only, which must be tempered by the investment experience and independent decision making process of the subscriber. This website/blog or any employees are in no way liable for the use of the information by others in investing or trading in investment vehicles utilizing the principles disclosed herein. This website/blog or any of its employees do not represent themselves as acting in the position of an investment advisor or investment manager for the use of the information in this service. The materials and information in, and provided by, this site are not, and should not be construed as an offer to buy or sell any of the securities named in materials, services, or on-line postings.
We encourage all investors to use the information on the site as a resource only to further their own research on all featured companies, stocks, sectors, markets and information presented on the site. Nothing published on this site should be considered as investment advice.
This blog, its authors or the webspace host take no responsibility for the veracity, validity and the correctness of the expert recommendations or other information or research. Although we attempt to research thoroughly on information provided herein, there are no guarantees in accuracy. The information presented on the site has been gathered from various sources believed to be providing correct information. The blog and its authors are not responsible for errors, inaccuracies if any in the content provided on the site. Any prediction made on the direction of the stock market or on the direction of individual stocks may prove to be incorrect. Users/visitors are expected to refer to other investment resources to verify the accuracy of the data posted on this site on their own.
This website/blog does not represent or endorse the accuracy or reliability of any of the information, conversation, or content contained on, distributed through, or linked, downloaded or accessed from any of the services contained on this website (hereinafter, the "Service"), nor the quality of any products, information or other materials displayed, purchased, or obtained by you as a result of any other information or offer by or in connection with the Service.
Neither this website/blog nor its principals, agents, associates or employees, are licensed to provide investment advice. No materials in this website/blog, either on behalf of this website/blog or any site host, or any participant in this website/blog or any of its associated sites should be taken as investment advice directly, indirectly, implicitly, or in any manner whatsoever, including but not limited to trading of stocks on a short term or long term basis, or trading of any financial instruments whatsoever. Past Performance Is Not Indicative of Future Returns. All analyst commentary provided on this website/blog is provided for information purposes only. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on this website/blog is governed by this Terms and Conditions of Use. This material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and that it should be relied upon, as such. You should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. By using this website/blog including any software and content contained therein, you agree that use of the Service is entirely at your own risk. This website/blog is not a registered investment advisor or a broker dealer. You understand and acknowledge that there is a very high degree of risk involved in trading securities. Past results of any trader published on this website are not indicative of future returns by that trader, and are not indicative of future returns which be realized by you. Any information, opinions, advice or offers posted by any person or entity logged in to this website/blog or any of its associated sites is to be construed as public conversation only. This website/blog makes no warranties and gives no assurances regarding the truth, timeliness, reliability, or good faith of any material posted at this website/blog. This website/blog does not warrant that trading methods or systems presented in their services or the information herein, or obtained from advertisers or members will result in profits or losses.
Subscribe to:
Posts (Atom)