THERMAX--MIND BOGGLING YET…

MIND BOGGLING YET…

I WAS AMAZED TO SEE THE PRICE ROCKETED TO CREATE ENOUGH TURBULENCE IN ME.

I BOUGHT 1000 SHARES OF THERMAX FOR Rs 38.65, 15 YEARS BACK,

TODAY, THE PRICE OF THERMAX IS Rs 1050/- OF Rs 2/- FACE VALUE (EQUAL TO Rs 5150/-). IN OTHER WORDS, ONE LAKH INVESTED HAS BECOME MORE THAN 66 LAKHS.

EVEN RECENTLY, 2-3 YEARS BACK, I FOUND MARKSAN AT Rs 2.30 NOW IT IS QUOTING Rs 64/-.

ALSO FOUND MORARJEE TEXTILES AT Rs 7.0 NOW TOUCHED A HIGH OF Rs 61, INDOCOUNT INDUSTRIES AT Rs 7.0 NOW TOUCHED A HIGH OF Rs 390/-.

BUT THE ABOVE THREE WERE JUST MEMORIES BUT NO PARTICIPATION……

==============================================

MERRY CHRISTMAS TO YOU AND ALL INVESTORS & TRADERS…

AN EMOTIONAL FAILURE-AXIS DEALS...!!!

IT IS VERY DIFFICULT TO CONTROL  EMOTIONS AS THE FAILURE TO MAKE MONEY MOUNTING IN STOCKMARKETS..!!!

I MADE THIS STUDY WITH 5 WENT TO 1000 AND THE LOSS WIDENED...!!!

WHAT EVER STORY WE WRITE BUT ULTIMATELY- THE CHEQUE WAS DRAWN...!!! FOR Rs-2250.54

THOUGHT THE AMOUNT IS SMALL FOR BIG TRADERS BUT MAKING SUCH AMOUNT FROM MARKET IS VERY DIFFICULT IN THOSE SECONDS TIME AND EVERY TIME THAN LOSING.....

THE STRENGTH OF OPERATOR IS IMPECCABLE!!!

The weak WEEK-ended.

As I have mentioned in my twitter postings,(@BNRSTOCKS), the Nifty could crawl from a low of 8198 on 31 October to a high of 8627 on 4^th of December took nearly 23 trading days, whereas BEARs could pressurize the bulls to unwind their positions so fast that the low of 8216 came in just 6 trading days. The fall is definitely entice the fence siting investors to jump in to enter the equities and definitely a good opportunity, either. The run-up made so far will keep the Bulls to check whether they are in a rush to make a fresh “All-time HIGHs”.

As we see the trends, this fall is mainly due to the Cyclical & commodity stocks fall due to lack of consumer demand and low infrastructure progress. The stocks holding head above the troubled waters are motors and ancillary stocks. The good results of Pharma coupled with weak Rupee keeping them stay above their monthly gains. The Nifty may not cross 8450 level in a hurry but the broad range will be 7850-8500 in months to come, at least till Budget. The huge fall in Reliance, ONGC, GAIL, BPCL, NMDC,SSLT are good trading bets for HNIs for quick money.

The bank Nifty which is relatively very strong may see some unwinding in days to come as the credit off-take is contracting, will see 17300-17100 level, from where it will definitely cross the resistance at 18480-520 resistance to make new highs, as the RATE-CUT, now is immense pressure building on RBI.

The best stocks to hold like YES, ICICI, Canara Bank, Bank of India, SKS and Relcapital, in banking & Financials space. The steel segment will offer good returns in long-term as the promise is un-folding for huge infra-structure building and SMART CITIES.

Safe and secure Investments can be made with more confidence in counters like SCI, NALCO and India cements. Though the trouble are there to these counters but they are opportunities for long-term investors.

The Baltic freight index which moved from 720 level to 1450 from July to November, fell again to 850 levels during this week forced companies like Shipping Corporation shed 15% in value.

Though “No Proofs” Available-“The Fall of Crude Oil”- Very geopolitical issues, “under the carpet moves” made to cripple the Russia’s economy on all fronts, with a simple move a steep fall of Oil price & Russian Rubble fell against all currencies. The efforts to de-stabilize the sovereigns is a conglomerated action at very high level. Russia earlier banned the food products from EU, pushed to corner, now a simple retaliation. Rest everything is self-explanatory….

It is very difficult to understand and expect even local moves….like…

One day a news came that Govt of India is likely to ban the sale of LOOSE CIGARETTES, the result ---ITC fell more than 5%, from 376 to 348 level, on the very next day Govt. made a U-turn, changed the proposed decision, all those who made SHORTS got trapped, now ITC ruling at 395-400 range, a simple 15% rise. Now technically, even if ITC fell back to 300 doesn’t make much difference, the yearly HIGH-LOW, 400.3-310.35……who can explain why and who made these PROPOSED DECISIONS AND U-TURN ON THE NEXT DAY…ANY EXPLANATION FROM ANY-BODY…!!!!!!

....SOME CAN GIVE RATIONALE/EXPLANATIONS…BUT IT IS ALWAYS….RETAIL INVESTORS..LOSE THE MOST…..!!!!! NO EXPLANATION WHY..????

But again (Un-fortunately), we go by the technical charts and balance sheets to determine the price movements,….Rest everything is self-explanatory……………..

Neyveli Lignite Corporation..A GOOD BET..!!!!

CHENNAI, OCT 25:  

Production at Neyveli Lignite Corporation in Tamil Nadu is expected to improve significantly in the coming days as contract labourers who were on strike for the last 52 days have joined duty, official sources said.

Due to the strike as well as rains, production at the facility had dropped and currently stands at 1300 MW.

Neyveli Lignite produces about 2,740 MW of energy.

“Most of them have joined duty and production is going on smoothly. Production was affected due to the active monsoon and also by the strike. Annual maintenance also was one of the reasons for the drop in production. We expect to improve it in the coming days,” a company spokesperson told PTI.

The ‘navratna’ company witnessed a 52-day strike by contract labourers pressing for various demands, including wage revision.

Several rounds of talks were held in the past but there was no breakthrough. However, at the tripartite meeting held here yesterday in the presence of Deputy Chief Labour Commissioner (Central) K Kandasamy, an agreement was reached.

At the recent annual general body meeting of the company, NLC Chairman and Managing Director B Surendar Mohan, said the commissioning of Unit-I of the Tuticorin Power Project of subsidiary company NLC Tamil Nadu Power Ltd is expected soon and another project Neyveli Uttar Pradesh Power Ltd is awaiting environment clearance.

(This article was published on October 25, 2014)

http://www.thehindubusinessline.com/companies/nlc-expects-to-step-up-production-soon-as-contract-workers-rejoin-duty/article6533119.ece?homepage=true

NIFTY-Weekly: MARKETS OVER-VIEW

19-10-2014-Weekly: OVER-VIEW:

The markets closed in green on Friday across the globe barring Nikkei, Shanghai in Asia, the week closed in red as the deep sell off in DAX created ripple effect in other markets. All most all markets corrected sharply during the week but managed to recover from those losses on Friday. So the markets likely to see some more volatile sessions ahead due to short coverings in the half of the next week.

The US and Europe markets see some technical pull back but not a bullish support

20-10-2014-Monday-POSSIBLE-SCENARIO:

Lots of Action packed week a head in India politically, policy wise and stock market gyrations to that effect.

People who are criticizing the Govt. for their non-action on many issues started supplying the wish list…

The Maharashtra state Govt.   formation may see some days of speculation for sure….may keep the Bulls on defensive front, otherwise the Nifty likely to see crossing the resistance at 7980 level, may easily touch 8032 in next 4 trading sessions…the Diesel decontrol and Gas price hike can add value to PSU counters and Govt can easily sell it’s intended stake sale during Feb-March-2015.

The ONGC is a clear beneficiary apart from private players, the 2000 cr profit is a wind fall gain for each dollar increase in the GAS price can translate to close to 10-12% increase in the net profit. The positive sentiment can add 50% more on it means a 15-17% price rise at this current market value may bring the bottom layer support price of 425-445 and higher side it may cross 475-490 range. Technically speaking the yearly high cut can be expected so long as it stays above 420.

Similarly the all the beneficiaries will add value. The Reliance may easily cross the earlier resistance at 965-72 range and may easily touch 990-1020 range.

The BPCL, HPCL and IOC are at the advantage on the long run as the de-regulations keeps them happy to pass on the burden despite of strong surge in the CRUDE prices, but the LPG, Kerosene story may continue for some time. So net balance is more benefit less risk counters in the medium to long-term.

BEAR COUNTERS: The real change is to kick start the lagging economic growth with fierce investment drive to sustain the growth as well to propel the speed to touch 6.5-7.5 range. Now, without any doubts, the RBI may cut rate in Dec-Jan-15 review, as the global recession SLOGAN is already catching up for more incentives.

The counters in Power sector will see some correction unless Govt. assures UMPP purchases be revised upwards. The scarcity of raw material and expanded capacities, lack of cash flows add problems on the interest side may correct further unless the prices are revised soon…

The banks which have huge exposure to this sector will see some correction…PFC, REC, BOB, PNB Orient and BOI are already in troubled waters will see another leg of selling above Nifty at 7980-8014 range

BULL COUNTERS: PSU OMCs and Oil producing companies. The ICICI bank in buls grip has bottom support at 1489-92 range, may cross 1551-56 resistance.

Axis results are good, so may cross 418-16 resistance from 398-401.

Yes bank is good above 593-96, may cross 626 resistances to touch 636.

The short term short covering may take BOB to 906-914 range once it stays above 875.

F&O action: The Reliance below 926 can take unwinding pressure to 876-79 range; any move above 948 can easily take it to 990-996 range without much difficulty.

The UBI, YES, ICICI, AXIS are charting for yearly high cuts….many are in the row if Nifty stay above 7950 and Bank Nifty above 15850 for 2-3 trading sessions.

ADVANTAGE OF KNOWLEDGE AND EXPERIENCE...!!!

THE BROAD VISION, SPECTRUM OPERATIONS AND THE PRICE RANGES ARE KEY PARAMETERS TO IDENTIFY IN THE STOCK MARKET TO GET SUCCESS.

I CAN SPOT THE STRENGTH AND WEAKNESS IN THE MARKETS AND ALSO THE SCRIP RELATIVE PERFORMANCE BUT FAILING TO CAPTURE THE OPPORTUNITY DESPITE OF THIS GOOD IN BUILT CAPACITY BASED EXPERIENTIAL KNOWLEDGE.

I IDENTIFY, TELL BUT WAIT FOR THE LAST MOVEMENT TO GRAB THE OPPORTUNITY AND GET SUCCESS BUT THE VOLUME I TAKE IS NOT POSITION BUILDING BUT A TEST/NOMINAL VOLUME. SO MY RETURNS ARE MINIMAL. WHEN I GO WRONG, I GO FOR VOLUME BUILDING BECAUSE OF AVERAGING...!!

THE POSITION BUILDING IS NOTHING BUT OPERATING THE SCRIP...WHICH MANY A TIMES PROVIDE HUGE RETURNS...!!. I USED TO GET Rs6000-8000/- IN A SINGLE SCRIP BECAUSE THE VOLUMES BUILT ARE 3000-5000 SHARES.

SOME HOW, I LOST THE QUALITY OF VOLUME TRADE BUT CONFINED TO BASICS...LEARNING FORM THE OPERATIONAL MOVEMENTS...

NOW AGAIN STARTED STUDYING THE F&O, DIFFICULT BUT NOW THROWING GOOD LIGHT ON THE SCRIP MOVEMENT IN FUTURE...

I WILL FOCUS ON BROAD MARKET DIRECTION, STUDY THE NEWS IMPACT ON THE SECTOR AND THE STOCK IN SPECIFIC AND TAKE ON BUILDING VOLUMES IN THAT PARTICULAR AREA.

I AM DETERMINED TO TAKE FULL ADVANTAGE OF MY KNOWLEDGE AND EXPERIENCE IN THE STOCK MARKETS...
THE SUCCESS IS NOTHING BUT "A PROMISE TO PERFORM WITH A PLAN OF ACTION"

SAIL THE WAVES OF MARKET CURRENTS...!!!

A SIMPLE RULE TO SAIL THROUGH MARKET CURRENT IS TO IDENTIFY THE FAVOURITE SECTORS AND FOLLOW THE LEADER....

I AM VERY HAPPY THAT I COULD DO WELL WITH PENNY STOCKS BUT NOT SO WELL TESTED WITH PRIME COUNTERS. BUT TODAY I SURPASSED THE HURDLE TO IDENTIFY SUCH MOVEMENTS.

I HAVE TO GEAR UP MYSELF TO LIVE IN THE TREND AND SAIL THROUGH...

THIS IS A SERIOUS LACUNAE HAS BEEN ADDRESS WELL BUT NEEDS TO BESTED IN THE MARKET MOVEMENTS...

ICICI BANK-- 8 SECONDS DEAL..!!!

I REMEMBER MAY BE THIS IS MY BEST SHORT-SPAN DEAL EVER MADE. SOME TIME BACK IT COULD BE 6-8 SECONDS BUT TODAY I BOUGHT 100 SHARES ICICI AT 1561.45 SOLD AT 1563 IN 8 SECONDS....

THE SHARP BUY AND SELL MOMENTS ARE ALWAYS CHEERING BUT VERY DREADFUL...

THE SHARP CONTINUOUS BUY-SELL IN SECONDS CREATE VOLATILITY AND SOME BUSINESS VOLUME BUT VERY RARELY MAKE MONEY OUT OF THESE DEALS...

WATER BASE --A LESSON..!!!

THE STORY OF BELIEF AND STAYING FIT IN LINE WITH THE STOCKS THAT TOOK TURNAROUND WAS NOT COMPLETELY HARMONISED IN MY BLOOD....

I TOOK LITTLE CHANCE TO KEEP MY FAITH INTACT TO HANG ON TO EMERGING BUSINESS HOUSES AND THE COMPANIES WHICH TURNAROUND...I BOUGHT AND SOLD AT LEAST 4-5 TIME WATER BASE, RECENTLY BOUGHT AT Rs 6.8 NOW AT Rs 86 A TWO YEAR JOURNEY, SIMILARLY THE RECENT PURCHASE GAVE ME A DECENT RETURN OF 6-10 TIME, LITTLE ENJOYED....

ARVIND, 46 NOW 325 NOT PURCHASED
BIRLA ERRICSON 12-14, NOW 80 STAYED UPTO 17 WITH 1500
BHARAT IMMUNOLOGICAL 9-10 NOW 45, STAYED UP TO 16 WITH 1800
KM SUGAR 1.-1.3 WENT TO 7.20 ONLY SUGAR STOCK WENT UP 700%, I BOUGHT 12000
RANA SUGAR 2-2.3 WENT UP TO 5-6 RANGE, 2500
TN TELE, 2.9-3.3 TO 6.5-7 RANGE, 14500
GAYATRI BIO 2.9-3.5 NOW 13.5.STAYED UPTO 7.8 WITH 1050
SOUTH ISPAT 2.5-2.9 WENT UPTO 12 STAYED UPTO 6.6 WITH 4000
CELEBRITY FASHIONS BOUGHT AT 2.5-3 STAYED UPTO 6.6 WITH 500 NOW AT 16...

THE END LIST IS LONG AND THE PAIN IS MORE...BECAUSE I HAVE TO CHURN THE PORTFOLIO DUE TO OTHER CONSTRAINTS AND DEMANDS....
=============
MONEY EARNING TECHNIQUES (MET) FROM STOCK MARKETS IS MY NEW BOOK NAME... WILL WRITE AND FOLLOW THE PRINCIPLES ENLISTED...

UJWAL TRADING.. IS THE CORE PRINCIPLE...

THE TRADER SHALL BECOME A PAINTER WHILE IDENTIFYING THE COUNTER, THE INVESTOR SHALL BECOME A SCULPTURE WHILE INVESTING...
ABOVE ALL THE STOCK MARKET PARTICIPANT SHALL BEHAVE LIKE A MUNI/YOGI WITH PERSISTENCE PERFORMANCE WITH PRINCIPLED COMMITTED ACTION...

LESSONS ARE STEPPING STONES...

LESSONS ARE STEPPING STONES...

THIS IS TRUE WHEN IT COMES TO STOCK MARKET OPERATION/TRADING....THE MARKETS ARE ALWAYS VOLATILE AND GIVE SUCH KIND OF CONFUSING SIGNALS THAT VERY RARELY ONE GET UNSCATHED ...

SO I PLAN TO WRITE EVERY A DIARY OF INCIDENTS WHICH TAUGHT ME LESSONS FOR MY BENEFIT...

THE MOST IMPORTANT LESSON TODAY IS...NEVER GET TEMPTED TO GRAB THE OPPORTUNITY RATHER SIEGE IT ...!!!

I AM EMOTIONALLY A STRONG PERSON MEANS A WEAK GUY TO BE GET TRAPPED IN THE JERKS AND I PRESUME THEM AS OPPORTUNITIES...
THE EMOTIONAL BALANCE IS VERY IMPORTANT ONE SHALL CARRY ALL ALONG THE WAY SO LONG THE JOURNEY IS MADE.

WE TEND TO ASSUME MANY A TIMES THAT WHAT IS REAL...IT IS TRUE IN LIFE AND IT IS SO TRUE IN MARKETS. THE BIGGEST THUNDER BLOCK TO RETAIL TRADERS IS THAT THE MIS-CONCEPTUAL READING OF THE MARKETS AND JUMPING TO BET ON IT.

AS A MATTER OF FACT, STOCK MARKETS ARE VERY INTELLIGENT PEOPLES PLAY WHERE INFORMATION, MONEY AND COURAGE/GUT FEEL TO EXECUTE ARE ABUNDANT TO THOSE WHO MAKE A LOT'S OF MONEY...REST ALL ARE INNOCENT AND KEEP THEIR TEARS CLOSE TO THEIR HEART.....

SO, BE INTELLIGENT TO READ, UNDERSTAND AND EXECUTE....SIMPLE..!!!

A STORY TO SHARE...

I MISSED MY NIGHT SLEEP (IN 1991-95, I USED TO STUDY THE HARD COPIES OF CAPITAL MARKETS AND DALAL STREET…UPTO 3 AM,ONE DAY UPTO 5 AM…., NOW  SIMILAR SLEEPLESS STUDY…, I NEVER STUDIED MY CLASS BOOKS LIKE THIS…) DUE TO A SERIOUS SEACH FOR TINY STOCKS THAT CAN FETCH 500-1000% RISE IN FUTURE. THE SEARCH AND RESEARCH IS ON………… THE STORY OF MULTIBAGGERS IS A EVER RISING NOVEL STORY IN STOCK MARKETS…ONLY THING WE NEED TO DO IS JUST TRUST WHAT YOU THOUGHT IS RIGHT AND BELIEVE IN WHAT YOU IDENTIFIED/STUDIED……..…….

A SATISFACTION BUILT DISAPPOINTMENT OF MISSING INDOCOUNT INDUSTRIES WHICH I IDENTIFIED AT 7-9 NOW AT 144 A 18 MONTH HOLDING PERIOD, A 1500-2000% RETURN IS A PHENOMENAL CASE TO “BLOW ONE’S OWN TRUMPET”.

AT A SIMILAR TIME FRAME IDENTIFIED MORARJEE TEXTILE AT SAME 7-8 RUPEES NOW AT 44. I IDENTIFIED PHARMA AT 3 NOW AT 35 A 10 TIMES RISE..NOT ENJOYED…

SIMILARLY FINDING AND  I ENJOYED 700% RISE IN KM SUGAR BOUGHT AT 1 AND 1.35, NO OTHER SUGAR STOCK GAVE SUCH PHENOMENAL RETURN. I DOUBLED MONEY IN RANA SUGARS.

I BOUGHT BIRLA ERICSSON AT 10-12, NOW AT 65 LEVELS, SUGGESTED ALL TELECOM OPTIC FIBRE CABLE COMPANIES, WHICH GAVE 300 TO 500% RISE, WITH SOME CLOSE FRIENDS, I EVEN FOUGHT FOR THEIR INVESTMENTS IN THESE STOCKS.

AS A MATTER OF FACT, THIS RALLY HAVE GIVEN LIFE TO MANY TINY STOCKS, DORMANT FOR YEARS. AT THE SAME TIME THERE ARE MANY STOCKS THAT ARE AT THE SAME PRICE OR EVEN LOWER THAN TWO YEARS AGO.

SO, JUST TURN AROUND STORY, LIKE ARVIND AT 44 FOUR YEARS AGO NOW AT 240, PARTICIPATED BUT NO GREAT WAITING….

……….

THE LESSON IS SO SIMPLE THAT FIND OUT…KEEP ON INVESTING……SIT TIGHT WITH OUT DISTURBING THE HOLDING AT LEAST FOR 5-10 TIMES RISE.

………

FOR DAY TRADING..ALWAYS LIVE IN THE CURRENT TREND.... 

AN ADVANCE PREDICTION...NIFTY OUTLOOK

PHENOMENAL RISE&HIGHs but A Denial for NOW….

The Indian markets have performed stupendously, like a race against all ODDs and against all emerging markets. We are the best performing Indices YTD or for the quarter. The Rise is so phenomenal that no-body expected but few could CASH the opportunity. Now many new entrants are making inquiries and many more are looking as a decent opportunity to make HUGE money to meet their DREAMS.

The fact is that, since January-14, Nifty rose by 20%, Mid-Caps by 30% and Small caps by 55%, some Individual stocks rose by 400-700% from their LOWs. The hype generated now is due to change in the Government, a market friendly team at the top. But the fact is that No-body could SELL the National property via LIBERALIZATION for no reason, nor for a simple cause. The National growth based on immediate requirements and will be judged by prioritising/striking a right balance between “NECESSITY & COMMERCIALIZATION”. The Future is GOOD as huge investments will take place and the results will come in due course of time.

As far as the Stock Markets rise is concerned, a dead cheap stocks are at a historic low was one of the major reasons for FIIs relentless investments. The Global markets are also encouraging and FREE Supply/HIGH Liquidity is driving the markets for NOW. Very few are working on the REAL worth for the paper but relying on the PROJECTIONS. The Nifty is POISED for touching 9000+ as experts are working on the next 3-year EARNINGS and P/E that could safely take us above the above said number. I am not pessimistic but play a realistic role for valuing the Available Opportunity. The main reason for Nifty may seek SOUTHWARD JOURNEY because of looming DROUGHT, Poor Investments made by the CORPORATES in the Preceding/Previous 2-3 years, so NO earnings Surprise by the top companies.

So, the scenario is GLOOM in the Short-term, however the POLICY push can give some bounce but for the next ONE year will be very challenging. The Nifty stocks are moving up but the UN-Winding is a concern. The rise from here may not be that much sharp or serious, from here 2-Ups and 4-5 Downs. Because the FUTURE is promising, on any DEEP cut/ steep fall BULLs take charge to make a comeback to take away the Retail Investors most of the STOP-LOSSES.

THE BLOOM and GLOOM story…..THE MOMENTUM IS HIGH….

THE NIFTY MAY TOUCH 8785-8850 RANGE; BUT VERY LIKELY, IN THE SHORT-TERM LOW MAY  TOUCH 7000, NO SURPRISE EVEN IF IT TOUCHES 6600-6400 RANGE

THE BANK-NIFTY MAY TOUCH 20100-22000 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 12500-800, NO SURPRISE EVEN IF IT TOUCHES 10100-10300 RANGE

THE RELIANCE MAY TOUCH 1450-1550 RANGE;IN THE SHORT-TERM LOW MAY  TOUCH 801-811, NO SURPRISE EVEN IF IT TOUCHES 759-736 RANGE

THE ONGC MAY TOUCH 620-650 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 311-321, NO SURPRISE EVEN IF IT TOUCHES 270 RANGE

THE SBI MAY TOUCH 3850-3950 RANGE, IN THE SHORT-TERM LOW MAY  TOUCH 1920-1950, NO SURPRISE EVEN IF IT TOUCHES 1450-1430 RANGE

THE ICICI MAY TOUCH 2130-2080 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 1180-1220, NO SURPRISE EVEN IF IT TOUCHES 970-950 RANGE

THE RELCAPITAL MAY TOUCH 950-1050 RANGE;IN THE SHORT-TERM LOW MAY  TOUCH 440-415, NO SURPRISE EVEN IF IT TOUCHES 330 RANGE

THE RELINFRA MAY TOUCH 1080-1150 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 520-540, NO SURPRISE EVEN IF IT TOUCHES 440 RANGE

WE CAN EXTEND AND READ MORE NUMBERS… BUT THE DENIAL IS RIDING HIGH EVEN IN MY MIND…

PLS DON’T BUY NOW UNTIL NIFTY TOUCHES 7250-80 RANGE, BUT THE ACTUAL BUYING IN QUALITY STOCKS SHALL EMERGE FROM 7000 ONLY. THOSE WHO ARE COMPULSIVE, SHALL TAKE A STOPLOSS ROUTE RATHER THAN HOLDING FOR LONGER…THW WAIT MAY BE 3 YEARS…!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Day action-28-04-04

3) 24-04-2014: FRIDAY-OVER-VIEW:

Markets started falling from highs due to Global market weakness. The Asian markets are falling but the depth/severity is not so serious.

The yesterday’s results of ICICI, IDFC are not encouraging and Axis will hit Yearly- Highs

28-04-2014-Monday-POSSIBLE-SCENARIO:

The M&M may see fall from Highs, The LT may rise from lows, GAIL may bounce. Nifty has support at 6740 level but may not hold today.

BEAR COUNTERS: ICICI Bank, IDFC

GLOBAL INDICES NEWS: The Europe was weak and Asian markets were weak

NEWS IMPACT: No big news

ECONOMIC--NEWS:

POLICY-NEWS: USA working on Sanctions against PUTIN core team.

COMPANY SPECIFIC-NEWS: Adani made some clarifications on the political associations and favours

F&O-COMPANY -NEWS:

BULL COUNTERS:

GLOBAL INDICES NEWS

NEWS IMPACT: IT may bounce in next few days

ECONOMIC--NEWS: The CAD is down

POLICY-NEWS:

ECONOMIC--NEWS:

COMPANY SPECIFIC-NEWS: JSWSteel output increased and new plant is started. Bajaj auto strike was postponed. LT got big order

F&O-COMPANY -NEWS: Axis added 8.6 lakhs OI, Wipro 6.2 lakhs added.

KILL COMPETITION....DICTAE & RULE

US FDIC sues major banks over Libor manipulation

PTI

NEW YORK, MARCH 15:  

The US Federal Deposit Insurance Corporation has sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights for manipulation of the Libor benchmark interest rate.

The regulator said the manipulation caused “substantial losses” to 38 US banks which were shut down due to insolvency during and after the 2008 financial crisis.

The FDIC said the accused institutions cheated the closed banks in US dollar Libor-based swap and other agreements through the manipulation of the rate between 2007 and 2011.

Libor, or the London Interbank Offered Rate, is used as a reference for some USD 350 trillion worth of financial contracts worldwide, from corporate loans to financial swap contracts.

“The Panel Bank Defendants fraudulently and collusively suppressed USD Libor, and they did so to their advantage,” the suit said.

The banks named are, or were, participants in setting the daily Libor rate: Bank of America, Citigroup, and JPMorgan Chase of the United States, Germany’s Deutsche Bank and WestLB, Britain’s HSBC, Barclays and Lloyds banks, Japan’s Norinchukin Bank and Bank of Tokyo—Mitsubishi, Credit Suisse and UBS of Switzerland, Royal Bank of Scotland, Royal Bank of Canada, and Rabobank of the Netherlands.

Several of the banks have already paid substantial fines to regulators and justice authorities in the United States and Europe for participating in rate-fixing. Also sued was the British Bankers’ Association, which at the time oversaw the daily fixing of Libor by the banks.

“BBA participated in the alleged scheme to protect the revenue stream it generated from selling Libor licenses and to appease the Panel Bank Defendants that were members of the BBA,” it said.

The FDIC said it was seeking full damages for losses incurred by the closed banks, punitive damages, and damages for violating US antitrust statutes.

(This article was published on March 15, 2014)

http://www.thehindubusinessline.com/news/international/us-fdic-sues-

major-banks-over-libor-manipulation/article5787653.ece

GOOGLE CUSTOMIZED .."HAPPY BIRTHDAY BAMMIDI"!!!

THANKS TO GOOGLE: CUSTOMIZED PERSONAL GOOGLE PAGE

NIFTY RECORDED YEARLY HIGHS--6500

NIFTY HAS RECORDED YEARLY HIGHS!!!!!!

I MADE A RECORD OF HIGHEST EVER RECORDED TRADING VOLUME AND ALSO LOSS.

I MADE A TURNOVER OF 27.44 LAKHS IN CASH AND 267.35 LAKHS OF F&O TURNOVER.

EQUITY-CASH

AXIS BANK 125 SHARES LOSS 2219.30
ICICI BANK 550 SHARES LOSS 7083.75
RELINFRA 50 SHARES PROFIT 180
TATASTEEL 250 SHARES LOSS 41.00
YESBANK 1150 SHARES LOSS 3891.85

TOTAL LOSS 13055.90

SHAME SOLD AXIS BANK AT 1334 AND COVERED AT 1406 LEVELS. I HAVE NEVER WAITED SO LONG IN OPEN POSITION

FUTURES-

AXIS 500 PROFIT 1965
ICICI BANK 7250 LOSS 24220 ONE LOT OPEN POSITION OPENED AT 1203/- LEVEL
TATA STEEL 3000 LOSS 3300
YESBANK 8000 LOSS 6960

TOTAL LOSS 32515.00

------------

I PLANNED/DREAMT OF SHORTING DRREDDY, AURO PHARMA, INFY AND TECHMAHINDRA BUT ENTERED THE PRIME REGULAR COUNTERS LIKE ICICI, AXIS, YES AND TATA STEEL, 

A STORY TO TELL: HOW CONFUSION AND TENSION WILL RUIN THE PROSPECTS...

I WILL WRITE THE EXPERIENCES AND THE LESSONS..REGULARLY....