MFF – 090128 – 20:47 Hrs

+ Signals of market bottoming out at around 2600 on Nifty and 9000 on Sensex are becoming more clearer now. We were expecting 2620 over last two weeks and Nifty hit low of 2640 approximately and bounced back.

 

+ Many stock pundits like Shankar Sharma and few others have been continuously commenting on media that Indian Stock Markets would be hitting another low in weeks to come. Stock markets indeed hitting a new low or not is altogether different topic now, I feel media is giving such people undue advantage and excess coverage than they should infact get and further we people “investors” are paying lot of heed to such people. I have around eight years of experience in equity markets and have seen such people rubbishing the bull markets from the day it started, and market kept rubbishing their views!

 

+ Everyone knows that what goes up has to come down some day and there’s no credit which these people are eligible to claim just because Sensex fell to 7500 from 21000. There’s something called “chance” if one keeps repeating same thing again and again and that event happens some day is it worth applauding?

 

+ Some people may find the above too harsh and critical. Please post your comments so as to get a public view as well! Do not forget to comment, it’s a request.

 

+ RBI surprised everyone by not cutting the interest rates! They should have cut rates by atleast 100 basis points on all bench marks, this would have forced people to come to markets as bank FD’s and debt markets would have become too unattractive to bet upon.

 

+ Corporate results are not as bad as everyone was expecting which is great positive for the markets and these results have probably halted further selling. Probable larger than expected bailout package by Obama is helping the US markets and we are definitely coupled to them. There was war fear in our minds earlier which has now evaporated a bit as Obama is using his full metal to bring down the Terror capital of the world “Pakistan” to its knees! Yes these very factors tend to make me believe that it’s worth investing.

 

+ Do not forget to take advantage of the Save – Win – Earn Offer which has been launched specifically keeping the Tax Savings season which is already on. Nifty should break 2900, the recent rally may have come in due to short covering as the expiry has arrived. If 2900 is taken out then we should see the biggest resistance at 3000 on Nifty. Once again: do not forget to comment.

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8 thoughts on “MFF – 090128 – 20:47 Hrs

  1. Please check in the nse website as i dont clearly know about it.
    they have pledged 13% in overseas is what the information i have.
    i can dig up the information if you feel that it is important.please inform me if you need by calling of me 9980522333/9341210435
    regards

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  2. AS FAR AS SOBHA IS CONCERNED PLEASE CONFIRM FROM SOURCES HOW SHARES THEY HAVE PLEDGED WITH AXIS BANK.TO MY INFORMATION COMPANY IS IN BIG TROUBLE.PLEASE CONFIRM.

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  3. hi VK
    its nice of you to have invited me to commnent, just one basic thing. still thereare more satyam (In India) more barclays(IN Europe and UK) more merril lynchs (in Us)lying to be exposed as it has become norm by any company to announce only profit day after day whether the company is in profit or not. so i feel it will be in this range for what you have mentioned 8500 =~9500 for sensex.
    it may take a good time to make up for the real profits to come up in place of the fictitious assets that have been declared.
    i am very much skeptical of the accounts of many of the comapnys.
    i am sure of one company which seems to be clean in its account is Sobha Developers( as compared to DLF, Unitech, or local Brigade or puvamkara for that matter)
    they have made it clear in their account annual statement as to even how much is being paid to whom ( Political parties for that BJP Congi and CPI etc) which is a taboo for most of the companies.
    we need to encourage such a companies who discloses their real networth and trading at nominal P/E ratio.
    all the comments written are my own opinion and no body can claim it as their own. i take full resposiblity for these comments.
    regards
    KSP

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  4. I truly agree with your point about these experts. They always try to go along with the wave and claim that they predicted it. To support their claim they give convenient statistical data which otherwise they wouldn’t have thought earlier.

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  5. GOOD MORNING,I JUST REMEBER ONE NEWSPAPER NAMED BUSINESS STANDARD WHERE ONE WRITER MENTIONED SENSEX TARGETS 40000 WHEN IT WAS 21000 LAST JANUARY.SAME IS HAPPENING NOW NOW EVERY BODY TALKING ABOUT 5000 WHEN IT HAS HIT 7500.ONE MORE INTRESTING THING TO BE NOTED IS THAT LAST YEAR IN JANUARY EVRY STOCK WAS HITTING CIRCUIT ONE DAY OR OTHER ON RUMOURS AND THAT MADE END OF BULL MARKET.NOW EVERY STOCK IS CRASHING BY RUMOUR SAY PLEDGING OF SHARES,ACCOUNTING NORMS TO BE SPECIFIC (EDUCOMP,DIVIS,BRFL,JINDAL STELL ETC ETC.)WILL THIS MARK END OF BEAR MARKET.

    I APPRECIATE YOUR FEELINGS.

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  6. thanks dear, you are very right. in india sentiments works instead of knowledge…. nothing can be happend dear…. a company which is in profit share price can come down by 10% and a company which is in loss can move up by 10 % pure speculation nothing else………..everyone is corrupt…………

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  7. Thanks brother, I too agree with the comments offered by you. In English there is a word “propaganda” which spoils all positive happenings and these so called analysts are doing the same. At lease sebi should think of doing something to stop these people’s broadcast. Thanks again

    Like

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