good morning all

hi GM, bought sail @145 waht to do suggest

Thanks Kartik for your reply on Aanjeneya for my querry last night.
Can I go long on Jain Irrigation at cmp, the stock hits new 52wk low?

Hi Kartik, Timken and GMDC targets for the day please?

Hi Sanjay Kumar Sharma, below 1200 looks weak, can see some downside if Markets remain weak

Hi harry, faced strong support at 140, if possible hold it for Short/Mid term, might take some time to recover

HI ALL,
I AM STARTING MY PAID SURE SHOT NIFTY FUTURE SERVICE(95%-97% ACCURACY) FROM 20TH JUNE,MONDAY AS A FREE OF COST. I WILL POST 1-2 TIPS DAILY ON THE PORTAL HOPE YOU ALL WILL BE BENEFITED BY THIS AND WILL LIKE IT MOST.

GOOD MORNING ALL ....

Hi MBA tejas gupta, GM

Hi HSK, no, looks weak

Hi Wasey, GM, Jain looks weak, avoid it

Hi AMAN, looks weak, both of been in a dowtrend, dont make fresh entries in them yet

Hi arun bj, hold it, strong resistance at 350, can give a breakout soon

Hi Kartik, but it as closed below the 140 support yesterday

Hi Stalin, GM, can add another 10-15rs if we see some recovery in markets

Kartik,
My query plzz

Hi Kartik, you missed my query at 8:37. Please let me know

Hi AJ, hold it with a Sl at 126, faced support at 130

ok buddy thanks,how abt BF Utilities

Hi Stalin, BF looks weak technically below 750

hi kartik/tejas good morning. does gvk power looks good

your views on MRPL today?

Hi harry, as of now look weak, would be better to wait for some breakout

Hi Das, can re-test 79.50

Hi sanjeev, no, looks weak, avoid it

Hi arun bj, no, dont enter more CE's yet, since we look weak

Hi Akash, has rallied quite a lot in the past few days, wait for a dip in it

Hi Kb, Good morning

hi kartik tejas stock for the day

HI ALL,
I AM STARTING MY PAID SURE SHOT NIFTY FUTURE SERVICE(95%-97% ACCURACY) FROM 20TH JUNE,MONDAY AS A FREE OF COST. I WILL POST 1-2 TIPS DAILY ON THE PORTAL HOPE YOU ALL WILL BE BENEFITED BY THIS AND WILL LIKE IT MOST....

Hi shiva, can be entered in small quantity with a SL at 65

Hi chezhigng, has been reacting to the Markets, hold it for Short/Mid term

how AXIS IT&T for intraday?

hi wht abt sun tv?intraday target

Hi irshad, not sure of it, has been very volatile lately

Hi Kartik, Can we short mcleod or pfc.. Can we buy a PE in these .. and let it be.. till expiry.. is that safe ..?

any call on amrutanjan or zicom

Hi Gitanjali, Mcleod pe can be entered below 265 (cash)

Engineers India Ltd for intraday?

watch out Bull bpcl , bear sesagoa

Hi Kb, GM

hi GM guys have a good trading day

Hi vicky, no, not yet

Hi sanzy, go short below 220 (support)

Hi Chrishi, Gm, thanks, same to you

Hi arun bj, looks weak overall, try to exit it on rise

GM
SIR THIS NEWS FOR POSITIVE OR NEGATIVE FOR RELIANCE PLEASE GIVE ADVISE SIR
rabir Purkayastha, Newsclick, June 16, 2011
The CAG Draft Report on the audit of the Production Sharing Contracts for the on-shore and off-shore oil and gas blocks is now widely being circulated in the media, showing once again the unholy nexus between the UPA and big capital in the country.
The CAG has shown that the Directorate General of Hydrocarbons (DGH) allowed Reliance Industries and other private operators to gold-plate the capital costs of the plant allowing them to make huge profits. The Production Sharing Contract pegged the profit share of the private operators and the Government to something called an Investment Multiplier, which meant that higher the capital cost, the larger the share of the profits of the private parties.
The capital costs in the KG Basin D-6 Block went up from $2.4 billion in the initial contract to $8.5 billion. This was the pattern followed in other gas and oil fields also, involving Reliance, Cairn Energy and others. In all this, the modus operandi was to submit a bid which shows a certain capital cost and during the operation of the contract, inflate the capital cost by a huge amount with the connivance of DGH and the Ministry of Petroleum. The Management Committee in which the Government had 2 nominees out of 4 played no oversight role in such inflation of contracts.
For inflating the capital costs, the familiar route is of course over-invoice through sweetheart deals from “friendly” sub-contractors, sometimes even a Reliance family company. While the CAG has not computed the loss to the exchequer, it has held that the Government has suffered large losses on this account. It has also held that the Production Sharing Contact being followed by the Government of India has very little controls on the investment costs, unlike for example, Bangladesh, where the Management Committee which has 50% Government nominees as in India, has to approve any expenditure above $500,000.
The CAG Draft Report has also brought out that while the contract envisaged that if the company did not develop certain areas within the contracted area within the stipulated time, it should have been relinquished. Instead, the DGH and the Ministry of Petroleum allowed the whole area to be designated as “discovery area” in violation of the contract.
As we shall show below, there are two sets of scams that have taken place, CAG having looked at only one of them. One is of course various violations of the Production Sharing Contract as pointed out by CAG; the second is the high price of Reliance gas -- $4.2 per Million BTU (MBTU) -- set in 2007 by the Empowered Group of Ministers headed by Pranab Mukherjee. Reliance itself admitted in the Court case between it and NTPC/Anil Ambani Group that its production cost was $1.43 per MBTU. Reliance Industries Ltd. (RIL) had initially agreed to supply gas at $2.34 to both NTPC and Anil Ambani Group, which it subsequently reneged once the EGOM set the price at $4.2. It might be noted that by its own calculations, RIL would have made profits of 50% if it had supplied gas at $2.34.
Gold-plating Capital Costs in KG D6 Block and the role of DGH
The Gas and oil field in question is known as KG-DWN-98/3 (Block D-6), and consists of 8,100 sq. Km. of off-shore area in the Krishna Godavari basin. Block D-6 was awarded to Reliance Industries (90%)and Niko Resources Ltd (10%) under New Exploration Licensing Policy 1 (NELP-1) bidding round under a Production Sharing Contract. Initially, the D6 was to produce 40 million MMSCD (Million Cubic meters per day), which was subsequently revised to 80 MMSCD. The initial development cost in the contract was $2.4 billion which was revised through an “addendum” in 2006 to $5.2 billion in the first phase and $3.3 billion in the second phase. CAG has also observed that the $3.3 billion for the second phase has every possibility of being hiked up in the same way as the first phase.

The Production Sharing Contract (PSC) that the Government had struck with RIL in 2000 envisaged that there would be something called “cost petroleum”, which would cover Government royalty of 5%, operating costs, the costs of exploration, and the development cost of producing gas. Till the the capital costs are recovered, 90% of the petroleum/gas sold would be considered as “cost” petroleum and the rest 10% would be “profit” petroleum.

The catch here is that proportion of profit sharing changes depending on the amount of cost recovered to the total cost, something that the contract calls as Investment Multiplier. The proportion of shares between RIL and Government is pegged to this Investment Multiplier. Till the major portion of the costs are recovered, Reliance gets the major share of the “profit” petroleum. It is only after the major part of the costs have been recovered that the Investment Multiplier begins to increase and so does Government's share, which is pegged to this Investment Multiplier. That is why increasing capital costs helps Reliance retain a much larger share of the profits in the initial years, while the Government gets its share only in the last phase, when the production starts to decline.
Reliance therefore can make a double killing -- by over invoicing the capital costs, it can skim money from the top. In addition, by ensuring that the capital costs take a longer time to recover, it takes out its major share of the profit right in the beginning.
If it was only a question of getting money later, it could be argued that Government has not suffered a loss, only postponed its earnings. But here is the problem. In financial accounting, money earned later has to be discounted by an amount equivalent to what we would have earned if we had put the money in the bank and earned interest. The same amount earned today therefore is more valuable than money earned one or more years later. If we apply the standard discounted cash flow method – discount future earnings by a nominal discounting rate of 10% – we find (see table below) that Government's share would have been 63% of the total profits if the original figures of production and and capital costs retained, while now it is only 48%. Conversely, Reliance's share goes up from 37% to 52%.



Capital Costs
$ Billion
Production Volume MMSCMD
Total Profits
$ Billion
RIL's Share %
Gov's Share
%
Discounted RIL Share
%
Discounted Govt's Share %
Original
2.5
40
19.4
30
70
37
63
Revised
8.8
80
35.4
44
56
52
48


Notes:
Calculations done by the author
Figures based on a 12 year production period and constant gas production.
If a 16 year period is taken and/or production figures increased, the figures would change somewhat, but the broad trends would remain the same.
If we look at the fact that the extra investments have doubled production, how much has each of the parties gained out of this doubling of revenue? Out of the extra revenue (at discounted prices) of about $7.5 billion, Reliance gains about $5.5 billion and the Government only about $ 2 billion.
The increase of four times the capital cost for a mere doubling of production had always seemed highly suspicious. No logic can explain why doubling of capacity to should lead to such an increase – economies of scale normally ensures that a doubling of capacity would increase capital cost by about one and half times. The Draft CAG Report now makes clear that the increase from $2.4 billion to $5.2 billion took place for the first phase, where no augmentation of capacity was involved. This makes nonsense of the bidding procedure for awarding of blocks, as the calculations for award of blocks involves profit shares promised by the various parties. If the capital costs change, all this change, vitiating the award of contract itself.
Not only did the Directorate General of Hydrocarbons accept this increase in capital cost, which under the contract it need not have accepted, it did so in unseemly haste – it took a scant 53 days to go through cost increase of nearly $ 6.3 billion! Some wizardry indeed.
The CAG's Draft Report brings out the various ways costs could have been doctored – single party bids, making changes to scope, substantial variation on orders, etc. CAG has stated that it is going to examine these issues in greater detail in a subsequent audit.
In November 2009, preliminary investigations by the CBI had found evidence of “gross abuse and misuse of public office” by V K Sibal, the then Director General of DGH. This had been informed to the Petroleum Ministry and to CVC. Numerous links had been found between Sibal and Reliance. The CBI enquiry remains stalled, very much in the telecom 2G mode, showing that Reliance tentacles in the Government go far beyond Sibal.
The Curious Case of $4.2 Gas Price
An Empowered group of Ministers (EGoM), in September 2007, set the price of gas at $4.2 per MBTU for five years with no transparency and without giving any reason for this price. It might be noted that in the same period, (2005-2008), ONGC was being paid only $1.8 per MBTU. The $4,2 price was supposedly done on the basis of RIL's price “discovery.”
Reliance's price discovery was to ask a selected set of bidders to quote a gas price according to a formulae which fixed the price within a narrow range of $4.54 to $4.75. With this as the basis, Reliance declared the “discovered” price to be 4.59/MMBtu which was later revised to $4.3/MMBtu. The Government then magnanimously decided that the right price was $4.2 and claimed that it was arrived at through “a discovery” mechanism.
It might be argued that the Government also gained out of the high price of gas. This is indeed true – by our calculations, the Government stood to gain about $4 billion or about Rs. 20,000 crore from the increased price of gas as its share of profits. However, as gas is the major feedstock for fertiliser production and also a fuel for power, this gain has to be balanced against the resulting higher fertiliser and power prices. If the cost of production of fertiliser and power goes up, so does the government subsidy. So while the RIL would pocket the benefit of the higher cost of gas, the Government would have to pay out a much higher subsidy of around Rs. 75,000 crore for a gain of Rs. 20,000 crore and therefore incur a net loss of more than Rs. 55,000 crore.
It is indeed strange that at a time that the government complains about high cost of subsidies, it should itself promote policies that help private parties while pushing up its own subsidy bill.
Not only was the price set at a much higher level than the cost of production, it was also set in foreign exchange and pegged to the price of crude in the international market. Why should the gas price be set in dollars for even the future when the costs have already been incurred and therefore can easily be converted into rupees? Why should the gas price be set at $4.2 when RIL itself admitted in the court proceedings between it and Anil Ambani's RRNL/NTPC that its cost price of gas was $1.43 and it was willing in 2004 to sell NTPC gas at $ 2.34? What is the justification of pegging the domestic gas price to the price of crude in the international market, to which it has no relation?
Fixing gas prices without examining cost figures and a mechanism of converting the cost figures to a gas price is making gas pricing another way of handing out private largesse. No basis of the gas price rate of $4.2 has been given, so how did the Ministers pull this figure of $4.2 – straight out of their collective hat?
Promoting RIL's Monopoly in Gas
The last issue is one of monopoly. At the moment, Reliance is major gas producer, Reliance Gas Transportation and Infrastructure Limited (RGTIL) owns the pipeline and again Reliance is getting orders for citywide distribution of gas. Unlike the electricity sector, the Government does not have a problem in gas sector with a vertical monopoly of the type that Reliance is building. Originally, there was a proposal of a national gas grid, which would have GAIL as the nodal agency. This also makes economic sense as whoever owns the gas grid effectively dictates to both the producers as well as the consumers. That is why generally such facilities are independently run, with the state playing a crucial role. Unfortunately, all such policies in the country come a cropper when Reliance is in the picture. So also with the original gas grid. If we have a gas grid now, it will largely be a Reliance grid, with GAIL and others playing second fiddle.
We are already seeing the effect of this monopoly, with Government owned GAIL becoming a junior partner to Reliance and the transportation cost of $1.25 being charged by Reliance, over and above the $4.2 and again without any regulatory oversight.
CAG has made clear that the form of Production Sharing Contract under the NELP is deeply flawed in favour of the private operators. It provides a perverse incentive to increase capital costs to the detriment of Government's share of revenue. This is a policy issue that needs to be urgently addressed in view of the large number of blocks that have been handed out under NELP.
What does all this mean for the Indian people? Simply put, we are facing a double loot. On one hand, scarce national resources are being given away at a pittance. Gas and coal resources are being handed over to Amabanis, Tatas and sundry others at throw away prices. However, this is not helping the consumers, who are being asked to pay international oil and gas prices. Private loot of public resources coupled with public loot of the consumers – this is the essence of our petroleum policies.
It is indeed welcome that CAG has drawn attention to the problems in the Production Sharing Contract under the New Exploration Policy of the Government. However, it is important that other issues also be addressed, a key one being the pricing of gas. As for the CBI enquiry against officials who have connived with Reliance, hopefully public pressure will force a reluctant UPA to act. The only question is will Reliance be also put on the dock for having subverted the government machinery and having secured these huge windfalls?

BUY KTKBANK NEAR BY 124-125 SL 122 TGT 128-132

http://technicaldeliverycalls.blogspot.com/2011/06/17-06-2011.html

can we go long in TCS and RCOM

Pls advise tgt for JP and MRPL.

Hi CB/Karthik,

What do you suggest for exiting HDFC PE?

Hi PRABU, its negative

Hi Nagesh, NOT NOW....BELLOW 2190...YOU CAN.BUT, NOT NOW........

Hi Kartik, I bought APOLLOTYRE at 75.75. Will it see 80 today? I cud buy just 30 shares bcoz of low margin.

Please suggest me the target of Punj lloyd & moserbear for intraday ?

Hi Akash, can see around 77.50

Hi Geetha, enter in small quantity

Hi shiva, would be safe to book

GITANJALI will go down or up today?

Hi Karthik,

I am holding HDFC 640 PE. When to exit please?

BUY KTKBANK NEAR BY 124-125 SL 122 TGT 128-132

Hi Kartik, How is Kotak Mahindra Bank in intraday for min 10% gain.

Hi karthick prabhu, no, can be a risky bet

stoploss for lovable lingrie?

Can we short Airtel?

thanks kartik abt the reply for sun tv, how about money matter , its moving 5 % daly, today also it moved in the start and then its not moving or down from that price, what going on , can you throw some light on it?

Hi Gm,

wt is the today tgt of IDFC & MRPL??

any share which can be bought now?

Hi shiva, 435

Hi Manoj, GM they can add 1-2% today

Hi shona, no

Hi Ary, no, the closer it comes to your price, i.e around 640 (for a 640 PE), the more active it shall be

Hi Akash, no, not yet

Hi NSK, it might a long time to recover, if possible hold it for 1-2 yeras

sorry u missed mine

thanks kartik abt the reply for sun tv, how about money matter , its moving 5 % daly, today also it moved in the start and then its not moving or down from that price, what going on , can you throw some light on it?

I'll be back in 30 mins,/

Target in that case would be close to 4800. For bulls to get active, 5500, and 5800 levels are important. 5500 would cause a pullback, but for bullback, we need 5800. Actually the ceiling is near 5800 (6300 zone), so bulls don't really see a case here as reward isn't substantial. But nevertheless, be realistic and don't ignore power of 5500, 5800.

keep eye on axis it &t

Good Morning All ...

Hi Sunil Rao, gm...

Hi jansi, GM

Hi thavva, GM

Hi Sunil Rao Good Morning.

Hi SAI, GM

Hi Sunil Rao bought today again 5300 PE whr is the exit level?

Hi CB / Kartik / KB - Good Morning

Gud Mrng CB, Kartik, Tejas, Sunil Rao, Godse and all the traders...

Hi JR, GM

Hi SAI, Most Welcome.

Hi Sunil Rao, Thanks Sunil

Hi Sunil Rao, Please suggest if I exit RIL July Fut holding @ 910 or hold on to it.

HI Sunil Rao...
How does dishtv look for today and couple of sessions..any tgts..why its not moving from yesterday?

Hi,

Can i buy RIL @ CMP ? is this stock worth to enter now ? plz give me ur sugg plz..

bought sun tv in 360 can it go up ???? whts the support

Hi Mohan, Hold it with strict SL @ 875 (Cash).

Hi vps, Not sure about dishtv. Not in my list.

Gd Mrng CB, kartik & all - Nifty break 5385 level. What will be the Res & Sup.

bought SBI 2300Ce at 13...
should i hold or exit...
what will be tgt for SBI today

I am holiding Ranbaxy [email protected] i exit or wait any SL and target

hi cb , kartik, why oracle fin is going down ,

Buy GOODYEAR (Bse code 500168) cmp 329 tgt 350-375-400+++++

Buy GOODYEAR (Bse code 500168) cmp 329 tgt 350-375-400+++

Hi Sunil Rao, hi could you tell about oracle fin. why is it going down?
thanks

Shorted IVRCLINFRA @ 72. Any tgt and sl?

hi cb what is the good news about tata steel . It jumps 15 rs today

Hi gayaram, gm :)

today i bought lovable at 434.but its slipped down to 420 shall i book lossssssssssss??plz help me anyone

Hi arun bj, "Tata Steel exits Riversdale, sells 26% for $1.11 bn"

Hi Chinny, can see 70.50

Hi DTH, technically does look strong hold it for some time

just came online.

Hi CB, Holding Nifty 5400 call at 87. Now it is 68.Plz suggest wat should I do as I am in huge loss

Hi CB, Still holding JP and MRPL not moving at all. Shall i exit jp with 2rs loss?

Hi Chinny, hold these for now. nifty needs to improve a bit for these to do well

Cb sir..but i have shorted [email protected]...

Thanks Cb sir

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

Hi CB, Holding Apollo Tyres at 75.75. Still trading around same price. Shud i continue to hold for 80 target

Hi CB, ur view on JP Associate june fut? m long on this at 82.25. target pl?? thanks

Good afternoon All :)

Hi Achauhan, For now, can hold with a SL of 82. Can see 83.50 - 84. Levels mentioned ---> Future

Hi Abdullah, GA

Hi gayaram, GA :)

Hi kands, GA :)

Hi kands, Yes...

hi abdullah, i bought MOIL on listing day at 650 then i averaged it till 350 now i have 12 shares of it , i am in huge loss , planning to swith to relaince industries , pls share your views?

Abd' will IDEA cross the 78 in todays rally?

Hi karthickPrabhu, Can hold Moil for long term, likely to do well. Better not to average more. Avoid Reliance Industries as of now. Its in downtrend...

Hi Maven, Better to hold on to your cash rather than buy anything at this moment...

Hi kands, Cant be sure yet, but likely to face strong resistance at 77 and then at 77.50 today...

can i buy man industries?

ok thanks abdullah, is moil over priced/hiped ipo? , it posted good results but not moving at all

Hi Abdullah - Good Afternoon

Hi Abdullah shall I short Nifty

PP 73.2/- cash. In small profit. not much but loosing heavily on Godrej CP.

Hi SAI, Nifty is likely to find support @ 5350 levels (cash). Shorting now can be a risky bet...

Hi Abdullah, GA :)

Nifty Intraday S1: 5358.58

Hi Sunil Rao, GA :)

Hi Abdullah, Not raining today. Had good rains yesterday

hi sunil rao . Abdulla Can i enter nifty call . . 5400 stoploss 5348 . .

Hi Abdullah/Sunil, Holding 5600 ce @ 10. can i hedge with put? seems global cues push nifty to more down side?

Hi Sunil Rao, Abdullah, Are u people full time traders ..... do u do other business also ?

Hi thavva, No point hedging Options with options, you may hedge futures with options. Hold call for now, Nifty is trading near strong weakly support levels ... let's wait to see the closing today.

Hi thavva, *weekly*

Hi nv, Yes, currently full-time trader.

Hi Sunil Rao,

Do you think we should re enter puts at good prices for nifty once there is a bounce of 75 points from 5320-5350 in the coming days?

Hi Abdullah, Ok, sure abdullah. Will exit from it.

Hi nv, Yes, I'm a full time trader like Sunil Rao.

Hi Sunil Rao, pls. check yr mail.

Hi Sunil Raoabdullah, pls. advise me about jsw steel 900 ce, dcb and jswenergy longs.

hi Sunil Rao,

holding SBI 2300CE at 15
pls suggest what should i do now...
hold or exit..pls suggest tgt for today

Hi nv, Thanks for your comments. Professionally, I'm B.E. in Computer Sciences and had been working in the field of Networking and Software Development as a freelancer for about 12 years. I'm into the stock markets since last 3 years.

Hi kd, Book part near 5360 level and hold the rest with sl @ 5485 on Nifty.

Hi gayaram, Checked. Will check the attachment later during the weekend and reply you back.

YESTERDAY I HAVE GIVEN SHORT CALL ON DISHTV 86.40 TDAY MADE A LOW OF 82.90 BOOK PROFITS AND NJOY MY FRIENDS

Hi Nag, If Ril closes above 878 and tatamotors closes above 980 today, then we may see a bounce in the coming week or else, they may see lower levels.

Hi Mohan, Losses become big if not booked early. To get over the trauma of a big loss, Stop trading, Take a break, Move around with friends and family and get back to trading the next day. :)

hi Sunil Rao: Kindly comment on IDEA cellular shares...M in profit today...shud I exit or hold for some time

Hi Das, If intraday, exit from it. For short term, keep sl @ 76.65

Hi Nag, Most Welcome.

Hi Sunil Rao, how do u see triangle breakout in MAN industries?

hi Sunil Rao: Kindly comment on IDEA cellular shares...M in profit today...shud I exit or hold for some time..

Hi Das, PE?? or CE??

Hi ga sunil ,abdu,gaya and everyone,
R-1/ 5411 /R-2/ 5432 /R-3/ 5468 /
S-1/ 5375 /S-2/ 5353 /S-3/ 5320 /

Hi GODSE, GA :)

Nifty hits s1 @ 5358.58

hi sunil rao . Can i enter call on 5400 . . With stoploss 5350. .

HI Abduallah,

Currently I am holding JetAirways 60 @ 409
and Karnataka Bank 100 @ 110..

I holding these stocks with 6 months time-framework.
seeking your advice on these two...

Hi arun bj, Gitanjali, Go long, once we sustain above 5385.

Hi Gitanjali, Sorry, do not track it

Buy 5400 ce 56-59 around tgt 66/70 strict slt 53 ,

ok sunilrao . But i stuck with this call 5600 at 30 rs . now Rs 10

Hi Kd, Hope you exited 5200PE . Nifty made a low of 5355.85 as of now... (Exit target was around 5355 levels)

Hi Abdullah, yes boss, I have alreay exited from 5200 PE with little profit.. now try to enter into 5600 CE ... is it right time to enter ?

Hi Abdullah, ok....

Hi Sunil Rao/Abdulllah, Thanks a lot for your kind reply. want to improve like u both. advise me.

Hi GODSE, VGA.

Hi first tgt 66 hit (5400 ce),

Hi Sunil/Abd, what's ur take for MRPL? pl advise in current scenarion.

no next delivery buy level for reliance is 855 only 25 perecent of your requirement

Hi Chinny, 68 now exit

Hi GODSE, Back to 64.. Wait for 70?

Hi sekhar, thank Q ,just 11 Rs gain

hi "YOGI" , i liked entry time

Hello all experts - Expected closing of Nifty Fut.

sorry guys, just came online

Hi sarkar.s, likely to be around 5380

Hi kd, Its an OTM CE. Try to exit on any rise. Time value decay can come into picture...

Hi Kartik. Gud u r here before the close of market. Your take on MRPL. Is CB Sir still travelling?

Hi Kartik, Shorted IVRCL infra @ 72. Exit at cost or hold?

Hi kands, 76.90 can be a good SL...

Hi Kartik, GA :) Welcome back...

Thank U Kartik for reply.

Do u suggest holding JB CHEM and GITANJALI or exit?

Hi kands, Most welcome...

Hi Kartik, GA. Welcome Back :)

Hello Kartik - Enter 5600 CE @11/- is it right entry.

Hi AJ, if possible hold for Short term

Hi kands, no, not yet

Hi Kartik, Pls advise on IVRCL infta..

Hi kands, Lets wait, hold on to your cash :)

Hi kands, below 550 it looks weak, dont enter it yet

:) tx Abd.

Hi Chinny, Hi Chinny, 68 now exit(3 pm )told u to exit ,now try to exit without loss

Tx Karthik. As Abd said will hold on to my cash for the weekend :)

Hi kd, Yes. Lets hope so. But, as I said, better to exit on any bounce. If buying interest comes in the markets, we can always enter later and that would be safe...

Hi vijayk, no, not sure yet

Hi Piyush, Yes, keep for Short term, might take some time to recover, faced support at 850

why fall in RIL ?

cb can i enter reliance put .980 .

Hi Bull, it looked weak technically below 990, also there was some news of KG basin scam in it

Hi shiva, hold with a SL at 72

Hi Piyush, most welcome

can apollo still see 78 levels next week?

Hi thavva, That's Nice :)

Hi Sunil Rao, Oh... missed your strangle today. Enter Monday???

traiangle breakout in MAN industries?? ani targets?

Hi Abdullah, pnb was also good,available at 9

Hi GODSE, Sorry, have not seen PNB. But lot size is 250 in that. I will be more comfortable with 50 in Nifty :)

cb . Can i enter mrpl 80 call . . For your technical view . . If yes tell me june or july series . .

Hi GODSE, PNB was good, but volumes too low and bid spread too high. Last bid spread: buyer at 2.00, seller at 14.00. Total volume the whole day ... 16 lots :(

Hi Abdullah, Nifty July Options are quite cheap as of now. Can give great returns :D

Kartik/CB,

Pls advice for EXIDE IND ?

Can see some good upside this week ?

Hi JR, A strangle is an option pair strategy, where each option acts as a hedge against the other and as such is much safer and rewards could be great in case of a breakout in either direction. For more info about option strategies ... visit http://www.nseindia.com/content/ncfm/sm_otsm.pdf

Thanks Sunil Rao

Hi Sunil Rao,
yaar i i agree with u as a case of low volume
but in a case of dragging markets will depend only
on huge reserves only na ,so maine y sa sochatha
pnb will get demond near expiry

Hi gayaram, http://www.nseindia.com/content/equities/niftysparks.htm
now u r able to watch all stocks available on NSE
ha ha...........

Hi JR, Most Welcome.

Hi gayaram, Keep more stocks in your watch list and check them out when needed. :)

Hi YOGI, :)

Hi PRABU, Reliance gave a very weak weekly closing and also closed at 52 week low. Looks very weak as of now and can see 800 levels in short term.

Hi Abd & Sunil.
since i see you have great tutorial sense being a new entrant to the market pl where can i get detailed study of what pe & ce is all about. wher can i find the study material from where i can learn all these stuff.

Hi Sunil Rao,

Dear, What's your views on Maruti futures for Monday..

it's going from last few days and was opening gap down around 10rs everyday.. Today the stock opened around 30 rs higher and fell down 50 rs from there and closed below yesterday's closing.

Hi kands, Plz refer to SuniJi's post @4:08 pm. Refer that pdf file. For basics, go to nseindia.com. Click the NCFM tab and NCFM modules. When the page opens, click on the (+) symbol on Equity Derivatives : A Beginner's Module. Now refer the study material. Hope this helps...

Hi Sunil Rao, Yes. Options decay will be minimal. Didnot see your post to Kands before posting mine :)

Hi Pradeep, Today's opening of Maruti was a dead cat bounce and opened near strong resistance near 1230 and immediately saw selling pressure at those levels and due to weak market sentiments gave a very weak closing. Maruti has some support at 1150 levels, if it breaks below it, can see 1100 levels in short term.

Hi Sunil Rao,

Thanks dear

Hi Sunil Rao, GE, thanks

Hi Abdullah, GE, thanks

Hi dinkar, it might take some time to recover as Markets look weak, hold it for Short term

Hi Abdullah, Yes, has been out, shall be back by tomorrow

Hi Chinny, we could see some recovery ahead, hold IVRCL Infra for a few days, it looks weak technically, hold JP& MRPL for 3-4 days

Kartik/CB,

Pls advice for EXIDE IND ?

Can see some good upside this week ??

hello cb
i m holding united spirits @955 what would b its stoploss??

Hi SM, can see around 156 in next week if we see some recovery

Hi himanshu, keep a SL at 930, looks weak below 960

Hi shiva, Yes, also looks strong above 142

cb you missed mine . . . Can i expect tata motor upto . . 1040 before expiry . . . Its trading 976 to . 999 last 3 trading days . . . Or can i enter tata motor 900 put . .

thnx kartik
wat abt allahabad bank??
can i hold it for 2 days??

Hi Mary, Good evening :) Sorry for the late reply, was offline for an hour or so. Hope all is well at your end...

hi Kartik, the party for which I have to open Ventura account is HNI and is available in Pune only this Sat-Sun for any kind of signature.
And on Ventura website only Mumbai number is mentioned.
Could you kindly share with me , if you aware of any contact person in Pune, so I can contact them and get account opened this weekend. Best Regards

Hi Kartik, KARTIK MONDAY will markets hit up and at any condition i have to get out f ranbaxy last day of limit lol ...so where do see it i have it at 542

Hi MICKY, ok. it is facing some resistance near 545. if markets are posiitve, can test it again on Monday

hi CB i am new to future and option contracts,please tell me how long i open my positions in contract of 28 august 2011 and can i square the contract on same day

Hi munish sharma, u can hold till 28 aug .. & u can sq off any time ..

Hi CB, Im cool.. now searching aurangabad map .. :))

thanks you CB

Sir one of my friend today bought DLF at 225 can it see 235 on monday ?

Hi r h, it has good support at 222. as of now seems can see 228-230 on Monday

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

cb can you reply my query

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.

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

Hi Sunil Rao, GE & GN

Hi CB, GN

Hi jansi, ge yaar

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

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 :)

Hi Kb, GN

Hi thavva, GE & GN

Hi Abdullah, GE

Hi Abdullah, Great ;) Yes, I'm awake and enjoying the heavy rains outside. Been raining since last 6 hours and the cool breeze feels great after a hot morning.

Hi Sunil Rao, Its been raining from the morning in Kolkata. Many areas are waterlogged. So, thought why not take a walk? Therefore "kept walking" ;)

Hi Sunil Rao,how r u? u dont seem to reply to my questions these days :(

Hi CB, Oh... Thought you were back. Anyways enjoy the weekend. Good night :)

sir i want to buy 3 of this stocks....which 1 i shud buy
1 ITC
2 Timken
3 Shree renuka
4 Zee learn
5 Hero honda
6 Rel Infra
7 Punj llyod
all 3 will be in qty of 100.....plz suggest me good 1s among dis 7....plz sir

Hi Sunil Rao, Rightly said, though the municipality has deployed pumps everyehere, but situations can turn worse. In these challenging times lil Johnnie says "Come On"... So...

Hi Abdullah, There was a time in late nineties that Kolkata was like my next door neighbour. I used to visit there for business about 8-10 times a month but hardly ever stayed there overnight. Always caught the next train back whatever time my work was over. I remember once, I was with my client since morning and my work was over by about 6pm. As I was about to leave, I realised I couldn't even step out of their office as it was raining heavily and water logged till their doorstep. Finally, I had no option but to wait and even my client had no choice, so lil jhonnie came in handy and we enjoyed till almost about 1am and then I caught the next train back home.

Hi http://en.wikipedia.org/wiki/Madan_Lal_Dhingra, ha ha

cb reliance group of company .ll remove from sensex . August 8 onwards . . . Can i enter reliance put . . On monday morg . . Its looks weak . For technically and . This news also bit negative right . . .

Hi Abdullah, Good morning. yes, its going good.

Hi Rise, go with timken, renuka and punj lloyd in small quantities

Hi Sunil Rao, :) have a good weekend

Hi arun bj, Good morning. seems may open gap down. dont enter it now

Hi Sam, no, not sure about them

hi cb ,
study below and now can u give clear view on reliance.how much itwii go down where it will take support now what can i do.can i hold short term or exit.(i bought at 940)

Congress today downplayed opposition demand that the Prime Minister should take full responsibility in the wake of CAG audit findings on the KG basin gas contracts with Reliance Industries (RIL) and order a probe into it saying they are "not a report on corruption".
"I am very surprised that senior parliamentarians have not understood the role of the CAG. The role is that of an auditor. CAG report is not a report on corruption. It is not an investigative agency but a book-keeping agency", party General Secretary Digvijay Singh told reporters.
He was asked about CPI-M leader Sitaram Yechury's demand that the Prime Minister and the Union Cabinet must take full responsibility and order an inquiry into the matter.
Singh said the report would be fully deliberated by the Public Accounts Committee headed by a senior opposition leader Murali Manohar Joshi.
"The PAC is fully competent to inquiry and the concerned ministry will give the appropriate response", he added.
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.
Singh also dismissed BJP demand for the resignation of the Home Minister P Chidambaram for being allegedly involved in 2G scam. "BJP makes such demands as it has not got any agenda," he said.

Hi kands,

Click Here For Free Nifty Tips

ok cb sir,
can i hold now or exit in reliance

Hi kands,

Sell nifty on Monday for target of 5,340-5,320

Click Here For More

thnx cb.., vinit pathak
m holding united spirits
what is its future?
can it touch 1100 again??

hi all

MARUTI Blasteddddddddddd 1232 >>>>> We told many time at 1212 and 1192 ....
Told if Strike open he is going to Rockkkkkkkkk

Hi CB, GA, hope you are having joyful week end.

I'm holding 30 stocks of coal india @ 333. Shall i exit from it and buy some other stock?

Hi Abdullah/Sunil/kb, GA :) , have a nice week end to all

Hi sunil,cb,abdu ,gaya,chinny and all ge,

Hi GODSE, GA ..

Hi thavva, is that the pic of lunar eclips

hi CB sir/KARTIK ab mai 15-20 din aur online rah paunga ..uske baad mai shayad kabhi nahi aapko is site par dikhunga ...... i will mail you today or tomorrow ok just read it ok sir ..mai aapko usme detail bata dunga ok ..

Hi Sam, not sure of them

Hi PRABU, can see around 850 in the coming week

Hi himanshu, it might take some time to recover as below 1000 it looks weak, enter a Pe to hedge, we can give a bounce from current levels, hold your CE's for some more time

Hi thavva, GE, yes, book profits in it, re-enter on dips, around 350

Hi GODSE, GE

Hi Kb, GE

Hi CA.Tejas, looks weak, avoid it

Hi MICKY, faces resistance at 78-80, dont enter it yet

Hi MICKY, dont enter Sutlej and GTL yet, Timken can be entered with a SL at 225

Hi MICKY, it looks weak below 750, can be entered above that for Short term

Hi GODSE, GE, no its just moon.
Hi Kartik, GE, ok thanks kartik, can i enter confidence petro? other tell any other stock.

Sir i am holding
HDIL 180 CALL at 2.9 in big quantity(12,000) now CMP is 2.3,
HDFC 680 CALL at 5.5 Rs quantity(6 lot) now CMP is 90 Paisa,
RELIANCE 940 CE at 9 Rs (3 LOT) now cmp is 2.3 Rs,

I am in very very huge loss please suggest sir should i hold continue or exit with this huge loss ?

i just bought reliance yesterday @878 .....if i keep it for 2-4 months how far it can go? what is the 5 year prospect for gmr infra and south indian bank..i have both...@73 and @24.63 respectively

at what level we can expect opening of nifty on monday?

Sir u missed my query....

Hi Kartik, ur bro enjoying aurangabad .. why u didnt gone?? :)))

hi palanivel rajan . good evening . . Ongc has good support at 260 to 265 level . . keep stoploss around 260 .

Hi Kartik, Can i short ceat , JK Lakshmi Cem, IBN18 Broadcast in morning tell me which is best and should i go with large qyt

Hi Kartik,

Dear, I am holding 5500 PEs @150 and short in Nifty @5386.. What levels nifty could see on monday and when should I exit.. Can I get some profit out of them or would have to book loss. Thank you in advance

Hi Pradeep, since we have already slipped quite a lot, a small technical bounce can be expected ahead, try to exit form Nifty short in profits on Monday, hold the PE's for some more time

Hi thavva, most welcome, Good night

The Reserve Bank of India (RBI) in its mid-quarter review of monetary policy raised the interest rates for tenth time since start of 2010, in an effort to tame inflation monster. It hiked repo and reverse repo rate by 25 bps each to 7.50% and 6.50% respectively.

there are no major market moving events next week Thus, markets may move in line with global cues. By and large global equity sentiment has turned negative since May due to increasing evidence of rising inflation and moderating economic growth in the US and China

Kirloskar Brothers, India`s largest manufacturer and exporter of pumps and valves today inaugurated its new manufacturing facility at Coimbatore.
Spread over six acres, this is a state-of-the-art manufacturing facility in Karumathampatti near Coimbatore. The plant has an installed capacity of 2,50,000 units of different models of domestic pumps in the first phase and 5,00,000 units in the second phase.

All - go through this. Gathered good info on data to look at before investing into any stock.

http://finance-knol.blogspot.com/2008/10/how-to-perform-stock-research-using.html

dear sir,
what is u r 4 cast about monday? i think market show positive. give ma u r opinion.
thank u.

thanks a lot

Hi Kartik, what do you think of Rel Infra now that it is out of sensex? Would it go down on Monday from 580 level?
Can i enter in GTL Infra after it had a free fall -17% on Friday?

cb can average 5600 call . . . Now . .and but tata motor support at 975 to 980 right . . ll it break support in coming days . Or ll it bounce

Hi Kartik and EVERYONE gE,

cb can i enter mrpl 80 call on monday

cb what is the stoploss can i keep the mrpl 80 call .

Hi MBA tejas gupta,

Dear, You said yesterday on Saturday afternoon that "MARUTI BLASTED".. what does it mean? You mean it blasted on friday or it is going to blast on Monday 20th june.

Thanks in advance.

Hi http://en.wikipedia.org/wiki/Madan_Lal_Dhingra, Read the sad life story of Dingra.

Hi Pradeep, on friday dear. and it is going to be again the same ..

Hi Gitanjali, thanks for the link. shall go thru it

Hi Aman, Good evening. its rallied quite a bit. not really sure of making a fresh entry now for short term. after split, could see some profit booking

Hi arun bj, its near 80 levels. don't enter its put yet. has crossed strong resistance of 72 after long. may consolidate near 80 and then see an upmove again

Hi http://en.wikipedia.org/wiki/Madan_Lal_Dhingra, Good evening.. thanks for the nifty levels.

Hi MBA tejas gupta, yes,also nifty is at strong support levels. possible see a small bounce from here.

Hi CB,VGM

HOW ABOUT UNITECH TODAY?

Hi Sri, Good morning. seems may open a bit positive. hold ivrcl short wit sl at 73

Hi suresh, seems may remain a bit flat. has some resistance at 34.50

Hi Shravan, sail is looking weak. rcom pe is a hold with sl at 96. above this it can see some upmove.