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  1. bktr Says:
    August 2nd, 2011
    Posted at: 9:53 pm

    NIFTY may test 5312 with in 5 trading days as per Elliott Wave Theory.

    (Dot make any investment decision on my views. Trade on your own risk)

    CB, replies: Hi bktr, thanks for the update

  2. Goli Says:
    August 2nd, 2011
    Posted at: 9:54 pm

    u missed my query ..... :(..
    re-posting ..

    Hi .. I have 500 shares of Allahabad bank at @ 202 Rs . What could be the target for tomorrow? Also can I hold this for a week or 2 for some good gains?

    Thanks - Goli

    Kartik, replies: Hi Goli, below 200 (support) it looks weak, if it continues to trade below 200 tomorrow, exit from it

  3. shin Says:
    August 2nd, 2011
    Posted at: 10:09 pm

    CB, what will be the impact for our market if US senet pass debt ceiling?

    Kartik, replies: Hi shin, it has been passed by the Senate http://finance.yahoo.com/news/Debtlimit-bill-passed-on-its-apf-3778544506.html?x=0&sec=topStories&pos=main&asset=&ccode=

  4. bktr Says:
    August 2nd, 2011
    Posted at: 10:51 pm

    President Barack Obama says the emergency bill Congress passed to prevent a government default is just the first step to ensuring the country lives within its means. Speaking in the Rose Garden, Obama says lawmakers still need to find a balanced approach to reducing the deficit that includes some adjustments to Medicare and reforming the tax code so the wealthy pay more. Obama spoke shortly after the Senate passed the bill to raise the debt ceiling and avert a potentially catastrophic default. The House approved the bill Monday. The White House says Obama will sign the bill as soon as it lands on his desk.

    CB, replies: Hi bktr, thanks for the update

  5. Kartik Says:
    August 2nd, 2011
    Posted at: 10:51 pm

    Hi Goli, below 200 (support) it looks weak, if it continues to trade below 200 tomorrow, exit from it

    Hi akj, posted weak results, could see some downside tomorrow

    Hi shin, it has been passed by the Senate http://finance.yahoo.com/news/Debtlimit-bill-passed-on-its-apf-3778544506.html?x=0&sec=topStories&pos=main&asset=&ccode=

    Hi adityaa, most welcome


  6. Asif Says:
    August 2nd, 2011
    Posted at: 11:01 pm

    Hi CB, Kartik, can we see a rally in our markets shortly, now that the farce of US debt is over.? Am holding Tata Motors @ 956. What levels hould I exit in short term?

    CB, replies: Hi Asif, as of now seems like a gap down opening tomorrow. tata motors has good support at 940-945 levels. can expect some bounce from here.

  7. suneer Says:
    August 2nd, 2011
    Posted at: 11:03 pm

    Hi CB/Karthik The present market conditions shows a second financial crisess please advice me. i want squre off all my positions in cash & derivatives

    CB, replies: Hi suneer, yes, would advice to exit partial for now. global markets are continuing to see selling pressure.

  8. suneer Says:
    August 2nd, 2011
    Posted at: 11:16 pm

    Debt deal is over but still market is moving down something big -ve CB please guide us

    CB, replies: Hi suneer, yes, would advice to exit partial for now. global markets are continuing to see selling pressure.

  9. Gitanjali Says:
    August 2nd, 2011
    Posted at: 11:20 pm

    Date Statistic For Actual Market Expects Prior Remarks
    1-Aug ISM Index Jul 50.9 54.0 55.3 Decreased
    1-Aug Construction Spending Jun0.2% 0.0% -0.6% Increased
    2-Aug Personal Income Jun - 0.1% 0.3% -
    2-Aug Personal Spending Jun - 0.1% 0.0% -
    2-Aug PCE Prices-Core Jun - 0.2% 0.3% -
    2-Aug Auto Sales Aug - 4.1M 3.86M -
    2-Aug Truck sales Aug - 5.2M 4.98M -
    3-Aug MBA Mortgage Index 07/30 - NA -5% -
    3-Aug Challenger Job Cuts Jul - NA 5.2% -
    3-Aug ADP Employment Change Jul - 100K 157K -
    3-Aug Factory Orders Jun - -1.0% 0.8% -
    3-Aug ISM Services Jul - 53.7 53.3 -
    3-Aug Crude Inventories 07/30 - NA 2.296M -

    CB, replies: Hi Gitanjali, thanks for the update. data does not look good

  10. Gitanjali Says:
    August 2nd, 2011
    Posted at: 11:22 pm

    HI CB/ Kartik , That list was from---Global Scenario: US Data

    CB, replies: Hi Gitanjali, thanks for the update. data does not look good

  11. bktr Says:
    August 2nd, 2011
    Posted at: 11:26 pm

    US STOCKS-Wall St drops even as Congress passes debt deal.
    NEW YORK, Aug 2 (Reuters) - U.S. stocks dropped on Tuesday on worries about a possible downgrade of the United States' top credit rating and signs of economic weakness even as Congress passed a bill to avoid a debt default.
    Fitch Ratings said the agreement to raise the U.S. borrowing capacity means the risk of a sovereign default is "extremely low" and commensurate with a AAA rating.
    On Monday data on U.S. factories for July suggested the economy was in a stall. The government's key monthly jobs report is due Friday.
    Industrial and consumer discretionary shares were among hardest hit, with the S&P industrial index .GSPI down more than 2 percent.

    CB, replies: Hi bktr, thanks for the update

  12. vipul Says:
    August 2nd, 2011
    Posted at: 11:31 pm

    sir,
    can u pls suggest a good and reliable broker as my broker is charging heavily.

    CB, replies: Hi vipul, go with Ventura. its a good one.

  13. bktr Says:
    August 2nd, 2011
    Posted at: 11:34 pm

    3 August: Nifty spot Resistance at 5485-5510-5525-5550.
    Support at 5435-5410-5370-5330

    CB, replies: Hi bktr, thanks for the update

  14. nikhil Says:
    August 2nd, 2011
    Posted at: 11:34 pm

    iIf market open lower jsw bout future at 675 if it opens below 670 then what to do ..plz suggests
    L&t what level to.buy
    Between lt and ranbaxy better buy

    CB, replies: Hi nikhil, yes, exit if opens below 970. Ranbaxy looks stronger.

  15. Bala Says:
    August 3rd, 2011
    Posted at: 12:42 am

    Hi CB / Kartik

    I Bought KINETIC MOTOR @ 17.15.

    In one month time, what will be the rate of it?

    CB, replies: Hi Bala, below 18 it does look a bit weak. would advice to exit 50% for now. it will do well once smallcaps/ nifty start doing well

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