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CB Says:
November 24th, 2010
Posted at: 6:34 pm
Hi Abhijith, may take some time with markets going weak. has good support lower near 170 levels. hold for now
Hi arun bj, you can check on ventura1.com
Hi Ravikumar Sivaramakrishnan, no, not sure yet. we are moving on internal news flows.
vikkey Says:
November 24th, 2010
Posted at: 6:39 pm
CBI arrests bank execs on bribery charges
Click to enlarge photo
MUMBAI (Reuters) - The Central Bureau of Investigaiton (CBI) said on Wednesday it had arrested at least eight officials from banks and financial institutions on charges of taking bribes to grant large corporate loans, the country's third big corruption scandal in the past few months.
Officials arrested include the chief executive of LIC Housing Finance , a general manager of state-run Central Bank of India and senior officials at state-run Punjab National Bank and Bank of India , said a joint director of the Central Bureau of Investigaiton (CBI).
The agency declined to provide financial details of the charges.
"Offices of top management and middle management of various public sector banks and financial institutions...were receiving illegal gratification," P. Kandaswamy said at a news conference.
He said the officials received bribes from a private finance services company, Money Matters, which acted as a "mediator and facilitator" of corporate loans and other facilities.
Central Bank of India, Punjab National Bank, Bank of India and LIC were not immediately available for comment.
Analysts said the news would hammer stocks of the companies mentioned in the charges.
"Very clearly, as names come out, it will impact stocks. Individual stocks will be impacted instead of across the market," Arjun Kejriwal, strategist at research firm KRIS said.
The CBI has registered five separate cases on charges of corruption in an ongoing investigation, Kandaswamy said.
Corruption has long been a major problem in Asia's third-largest economy. The CBI revelations come on the heels of a telecoms scandal that has forced India's telecoms minister to resign and has paralysed the country's Parliament.
The Commonwealth Games, held in October, were also riddled with corruption allegations. The head of the organising committee has since been forced to resign.
India was ranked 87th in Transparency International's 2010 ranking of nations based on the perceived level of corruption. India lies behind rival China, which is in 78th place.
CB, replies: Hi vikkey, thanks for the update
BULLMAN Says:
November 24th, 2010
Posted at: 6:42 pm
dats very sad sir... i repent dat i din sell wen it showd 50 + price du to greed and i furthr repent coz inspite of ur advice to sell if it breaks 40 i din sell ... :(
should i average it at dis levels???
thanks
CB, replies: Hi BULLMAN, yes, same here.. no, don't avg it yet.
manmohan sharma Says:
November 24th, 2010
Posted at: 6:43 pm
CB sir
konsa stock aapne 75 per buy kar rakha hai
thanks
CB, replies: Hi manmohan sharma, of the list subex and alok look good to enter on dips. looking strong
RAHUL Says:
November 24th, 2010
Posted at: 6:48 pm
HII SIR HOW R U , CAN I INVEST IN Claris Life IPO N WHAT U THINK ABOUT IT ..
CB, replies: Hi RAHUL, no, not sure about this one . shall update by this weekend
Name (required) Says:
November 24th, 2010
Posted at: 6:50 pm
Hi
i want to buy satyam ? Is it good for 3yrs?
CB, replies: Hi Name (required), it will soon be merged with tech mah. go with tech mah instead. much better bet.. seems can see some downside in markets if global marekts remain weak. technically strong support at 5850 levels.
aziza Says:
November 24th, 2010
Posted at: 6:54 pm
Hi CB Sir, good afternoon,
i have bought 700 hindalco @ 218.00 plz tell me tommorrow's trg?? and wht about mrkt situation?? wating 4 u r rply
thanks
CB, replies: Hi aziza, has strong support near 200. tomorrow seems can add 5-6rs. hold it for now
Name (required) Says:
November 24th, 2010
Posted at: 6:56 pm
dear cb
weekly charts in nifty macd sell mode. pl give your view....blue line is cutting red line (signal)....will we see more down fall????
CB, replies: Hi Name (required), it will soon be merged with tech mah. go with tech mah instead. much better bet.. seems can see some downside in markets if global marekts remain weak. technically strong support at 5850 levels.
shona Says:
November 24th, 2010
Posted at: 6:57 pm
hi cb sir,
plz i suggest abt bata india i have 400 @ 380 wht should i do? hold or exit?? i dont understand wht i do?? and wht is tommorrow's trgt?? awaiting your valuable rply.
thanks & regards
CB, replies: Hi shona, its near strong support levels. hold it for short term. can see 380-390
munna Says:
November 24th, 2010
Posted at: 6:57 pm
Good Evening dear.
What is going on in market.what do u think about mkt. I am around 90000/ loss.what is ur sugetion following stock.
30000 resurger mines @ 2.60.
1500 emami infra @ 65.
200 uco bank @ 150.
I will wait ur valuable advice.
As well as give me tomorows target.
Thanks dear.
CB, replies: Hi munna, yes, markets have been going weak. for now hold them. keep a little longer term view. 1-2 months. these will recover back.
singesh Says:
November 24th, 2010
Posted at: 7:01 pm
Please give the list of companies and banks involved in lic scam
CB, replies: Hi singesh, central bank, pnb, money matters and lic
ramsingh Says:
November 24th, 2010
Posted at: 7:02 pm
Hai CB!
What is the support level for Sel Manufacturing.
CB, replies: Hi ramsingh, no, not sure yet. has been making new lows
roza Says:
November 24th, 2010
Posted at: 7:06 pm
hi cb, plz tell me abt gmdcltd i have 700 @ 166.00 wht should i do? exit or hold?? i m confused..and wht about sesa goa.. all r going down and down so plz suggest wht i do??
thanks
CB, replies: Hi roza, yes, these are a hold. markets have been going weak since long. keep them for a months time. likely to see some recovery
manmohan sharma Says:
November 24th, 2010
Posted at: 7:09 pm
cb sir
what ur view about
RENUKA SUGAR
UNITECH
JAIPRAKASH
FSL
ISPAT
ALOK
FARMAX
SUBEX
MANGLORE CHEMICLE
CB, replies: Hi manmohan sharma, of the list subex and alok look good to enter on dips. looking strong
sabbir Says:
November 24th, 2010
Posted at: 7:12 pm
hi cb
CB, replies: Hi sabbir, Good evening