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Intraday calls for 17-06-11

Posted on: June 17th, 2011 at 8:30 am

Markets likely to open flat, support at 5370

Buy Apollo tyres at 75.40, Target: 77.50, SL 74

I am currently traveling. will be back by 4-5pm

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558 Responses

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Comment pages: 252627282930313233Show all

  1. Kb Says:
    June 17th, 2011
    Posted at: 9:37 pm

    Hi CB, Ok. . cbb take care .. byeee


  2. manoij Says:
    June 17th, 2011
    Posted at: 9:42 pm

    Hi CB,
    I am confused by the way the statements issued by govt ministers on various subject
    In 2008 so called expert of economcs and financial planning said we are decoupled from other economies and then they say we are coupled. Is our nation built on guess work or mathematical probability that is permutation and combination or is it they also belive in stock market theory of what goes up must come down and what comes down must go up or they base their their theory on Fibonncci level related to economics
    stp This is just an observation and you honest comment/contradiction would be appreciated


  3. http://en.wikipedia.org/wiki/Madan_Lal_Dhingra Says:
    June 17th, 2011
    Posted at: 10:10 pm

  4. arun bj Says:
    June 17th, 2011
    Posted at: 10:10 pm

    cb can you reply my query


  5. http://en.wikipedia.org/wiki/Madan_Lal_Dhingra Says:
    June 17th, 2011
    Posted at: 10:27 pm

    Birla Pacific & Rushil Decor both iop's look weak

    Yash Birla Group company Birla Pacific Medspa (BPML)
    will tap the capital market to raise Rs 650 million
    to fund its expansion plans with a price band of Rs 10-Rs 11.

    Rushil Decor, a company engaged in manufacturing
    of decorative laminated sheets and plain particle board,
    plans to raise around Rs 390 million
    with price band of Rs 63 - Rs 72 a share.
    issues open on June 20 and close on June 23.


  6. Sunil Rao Says:
    June 17th, 2011
    Posted at: 10:28 pm

    Hi CB, Good Evening and Welcome back. :)

    Hi Kb, Good Evening :)

    Hi http://en.wikipedia.org/wiki/Madan_Lal_Dhingra, Good Evening :)

    Hi arun bj, If you do not close your open option position before expiry, it will excercised by your broker and in that case STT charges will be as per the rate of the original stock / index instead of the rate of the option and as such charges would be much higher.


  7. jansi Says:
    June 17th, 2011
    Posted at: 10:30 pm

    HI GODSE,GE....


  8. CB Says:
    June 17th, 2011
    Posted at: 10:38 pm

    Hi Kb, tc. good night

    Hi manoij, yes, its true. overall it does move along with the economy

    Hi arun bj, it will be automatically squared off. also guess there is some penalty for that

    Hi Sunil Rao, thanks


  9. PRABU Says:
    June 17th, 2011
    Posted at: 10:43 pm

    HI CB
    IS POSSIBLE FOR RELIANCE CAN BOUNCE BACK FROM HERE PLEASE GIVE UR SUGGESTION.SOME OF TOLD IT WILL COME TO 800 PLEASE.I AM HOLDING AT 940


  10. Kb Says:
    June 17th, 2011
    Posted at: 10:49 pm

    Hi Sunil Rao, GE & GN

    Hi CB, GN


  11. kands Says:
    June 17th, 2011
    Posted at: 10:50 pm

    hi CB
    Welcome back.Didnot buy anything today but exited IDEA @ 77.25 with some profit. Thanks for advise. Hope i didnt exit early. cos tgt advised by you was 77-78


  12. http://en.wikipedia.org/wiki/Madan_Lal_Dhingra Says:
    June 17th, 2011
    Posted at: 10:50 pm

    Hi jansi, ge yaar


  13. PRABU Says:
    June 17th, 2011
    Posted at: 11:05 pm

    HI CB,
    PLEASE READ THIS BELOW,THIS NEWS AGAIN BRING COMING DOWN TO RELIANCE PLEASE GIVE UR ADVISE

    The CPI(M) on Friday attacked the UPA government, saying the Prime Minister and the Union Cabinet should take full responsibility for the CAG audit findings on the KG basin gas contracts with Reliance Industries (RIL) and order a probe into it.
    "Under the principle of collective leadership in government, the entire leadership is culpable. The Prime Minister and the Union Cabinet must take full responsibility and order an inquiry into the matter," CPI(M) leader Sitaram Yechury told reporters.
    Maintaining that they would raise the issue in Parliament, he said, "The Prime Minister is on record to say that India can ill-afford crony capitalism. But the worst form of crony capitalism is happening under his leadership."
    There has been a raging controversy over the Comptroller and Auditor General''s draft report severely criticising Oil Ministry''s role in approving Reliance Industries'' KG-D6 "inflated" field costs. The Ministry has said no one should jump to conclusions as the report is yet to be finalised.
    "This is yet another example of crony capitalism, as we saw in the scams relating to 2G spectrum, Commonwealth Games and Adarsh society, where sweetheart deals are given to private companies, allowing them to make windfall profits", he said.
    Yechury and another CPI(M) Rajya Sabha member Tapan Sen spoke of "another scam that is unfolding" from the report of CAG which audited the production sharing contracts and "exposed the nexus between the UPA government and the Reliance Industries".
    They demanded immediate action against then Director General (Hydrocarbons) and other officials and sought delinking of gas prices from the international crude prices immediately.
    Sen said he had written seven letters since 2006 to then Petroleum Minister Murli Deora and thrice to Prime Minister Manmohan Singh on the contracts on KG basin gas with RIL. "There has been no concrete response as yet. But our stand has been vindicated by this draft CAG report," he said.
    The CPI(M) leaders charged the then Director General and other officials with "colluding in this sordid affair", causing loss to public exchequer and "unduly benefiting" RIL.
    "The price of KG basin gas should be revised on the basis of actual cost of production and a cost-plus formula," they said.
    Yechury and Sen also sought immediate amendment in the present pricing formula in Production Sharing Contract (PSC) in consultation with the CAG.
    The two leaders released all the letters written to the Prime Minister and the Petroleum Minister since 2006 and now, as also copies of replies to questions raised in this regard in Parliament.
    Sen said the pricing exercise, approved by an Empowered Group of Ministers, only considered the price of 4.2 dollar per unit offered by RIL and "ignored the price offered by the same RIL to NTPC which was much lower at 2.4 dollars."
    He also released a letter written by NTPC CMD to Finance Minister Pranab Mukherjee in 2007, saying the state-run power firm would suffer a whopping loss of Rs 24,000 crore in the contract period of 17 years due to the price differential between the gas price already being delivered at Kawas/Gandhar and RIL's proposed price.


  14. thavva Says:
    June 17th, 2011
    Posted at: 11:12 pm

    Hi CB, Good night
    Hi Kb/sunil/abdullah/yogi/sai/gayaram/all,Good night


  15. CB Says:
    June 17th, 2011
    Posted at: 11:21 pm

    Hi PRABU, after recent news of gas scam, seems could fall further. don't avg it yet. hedge it with a 850 put for now.

    Hi kands, ok. nice to hear that. no new call yet. looking for some

    Hi thavva, Good night..


  16. Abdullah Says:
    June 17th, 2011
    Posted at: 11:25 pm

    Hi manoij, India is not a decoupled economy from other economies ( read " emerging", "emerged or established" ). China was also a closed economy for long but things have changed. India is not built on guesswork but some kind of probabilities come into the limelight. Probabilities in terms of overall growth when compared with "established" economies still persists. For example GDP, Inflation, Per capita income, Disposible Income, Technology, Manufacturing, Service, Agriculture, Education, etc., etc., etc. I dont know what people said in 2008. 2008 is past. But now, access the situation. Look around you & do you still believe we are decoupled??? Also, I believe, Fibonacci levels and and a country's economy do not match.

    These are just my thoughts my friend. For a moment, forget experts, and draw your own conclusions. I bet you will think in the right direction :)

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