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The Video Says it all !!

[1_akhil]

Originally Posted by 1_akhil

hmm seeing a lot of action in this thread .. keep it up guys..
i would also welcome trading views on our market my the regualr visitors...

so wats yur view on nifty..
i think it will again drag down to 4200.. where it should see some intermediate support

yes i know a lot depends on global news and markets.. thts wat ppl look at when they wake up.. wher r the global mkts - dow, asia etc..
and where SGX trading..

but i can sense this general weakness in nifty as soon as it reaches the levels close to 4600.. though inflation at 12.1% is tad lower.. and inflation has been showing a downward trend.. dont think it will do much to pep up the mkts..

though nowadays u never know.. some good news from global giants leads to a sharp rally in nifty.. but i believe the rallies are short-lived and the fall is painful.. it will take time for the pain to ease and a strong upmove is far away methinks

so go short

Good call

[satyamfiredme]

why the hell is ruppe weakening against thge dollar and now 47?
when usa economy is going down RS shd have become strong and rwsched 37?

[1_akhil]

Originally Posted by satyamfiredme

why the hell is ruppe weakening against thge dollar and now 47?
when usa economy is going down RS shd have become strong and rwsched 37?

1. Mkts are irrational
2. Mkts are cyclical

dude i agree with yur rationale.. theres frankly no reason for this sudden strentgh tht the USD has been witnessing since the past 3-4 weeks

Rather India is the safest country this credit squeeze
Also our interest rates are much higher(9%) as compared to US(2%)

yes one reason is the lack of inflows, which was the main reason why rupee was strengthening.. and which have dried up now

[andy_jaan]

Originally Posted by 1_akhil

1. Mkts are irrational
2. Mkts are cyclical

dude i agree with yur rationale.. theres frankly no reason for this sudden strentgh tht the USD has been witnessing since the past 3-4 weeks

Rather India is the safest country this credit squeeze
Also our interest rates are much higher(9%) as compared to US(2%)

yes one reason is the lack of inflows, which was the main reason why rupee was strengthening.. and which have dried up now

In continuation market today.....................
Same factors were being discussed as being harmless when market surges and again they blame same factors for a sudden fall, this market is turning more mysterious than Ajanta Medis's deliveries.

[er_gaurav211085]

Financial market is full of mysteries the reason behind Rupee weakening against dollar (though the business prospect in India are a lot safe this time)
is because of the increased demand of dollars since US in facing the financial crisis and the basic rule support the point that when demand is high and supply is less then there will be appreciation in the value. that holds true with the currency too.

And the reason that Indian IT comapanies are not benefitted from this appreciation is that they have spent most of their reserve in hedging at the time when the rupee was strong. SO they dont have sufficient to hedge this time

May be in the near future you will see some strenghtening in rupee but indians market need to out perform first.

[satyamfiredme]

sensex falls 750 poinmts will it go to 8000 levels

[er_gaurav211085]

Each time there is a fall in sensex and nifty, we face more n more rumors. Actually the correct answer to your question will be the situation is totally uncertain.
BUt let me make you aware of the current situations The FIIs are illiquid so to maintain their liquidity they are selling in the indian and other markets because of which this fall has been seen. But now the condition may improve from here now because the govt. has removed the barrier for the P-notes of 40% so as to attract more and more FII investments.
Futher the CRR is reduced by 50 basis pts so the liquidity of banks will futher increase and the interests rates may be reduces by 50 basis pts which will help the reality stocks, automobile stocks.

But again a big but comes here the market has lost almost 10,000 points since Jan'08 so the sentiment has been badly affected. So each time the market will show the up trend. we will see profit booking at higher levels. So to normalize the market sentiment we need some more powerful positive global clues too.

This ios not the first time in india that we are facing this problem. We have seen this problem in 90s too when the avg GDP of india reduced from the avg of 7.5 to avg of 5-6 % (although it was not bad). We are again facing this problem but this time we are more prepared to face the situation.

To be precise to your point market has a strong support near 10,000 so lets see what happens in the future. All we can do is just hope for the best. What ever be the market situation, it is a very good opportunity to enter in some of the stocks. Wait for the next post. I will give names of few such companies who are under valued but their fundamentals are strong.

Today only I read it in the news paper the top companies according to market capital has lost its more than half market capitals. Except RIL all the other have lost more market cap. then they have right now.

[satyamfiredme]

mannnnnnnnnn sensex crashed 800 pounts again now 10300
kya yaar will it come to 8000 in a month or wat indian story totally busted?

[er_gaurav211085]

Originally Posted by satyamfiredme

mannnnnnnnnn sensex crashed 800 pounts again now 10300
kya yaar will it come to 8000 in a month or wat indian story totally busted?

Dude b+ but at this stage we can't say anything.
Statements given by few people/ organisations:-
1. There is not any fundamental problem with the Indian Financial Market- FInance minister.
2. The world financial economy is not going to improve before 2010 - Interenational Monetary fund(IMF).
3. you should invest in the mutual fund keeping in mind the minimum time frame of 3-5 years - Reliace Securities.
4. There is not any liquidity problem and if so then its temporary- UCO /Indian/ bank.
5. Interest rates need to be cut down. - again many banks

what i am trying to say is India is currently undergoing a vicious circle. When you cut CRR the liquidity increases but on the other hand inflation controlling becomes a challenging task. And when inflation controlling is done then there is not enough liquidity.
The finance minister clearly said that fundamentally our market is strong but the public sentiment is highly negative this time. Had the fundamental problem been with the indian markets then DII would have not been investing.
FIIs are on the other hand selling there 2-3 years old holdings because they need money to clear there debts but they need dollars to clear there debt. So after getting Rs. from indian markets they need to convert them to dollars because of which the dollar is seeing buying. And as a result of this the dollar is appreciating against rupees.

But still it cant be said that the market will touch 8000 or not. It may even see some consolidation in the range of 10500 - 11800 points

cheers