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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #781  Posted: Mon Feb 25, 2013 12:17 pm Post subject: |
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| Large scale liquidation in some scrips for default on payment of loans against shares. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #782 Posted: Mon Feb 25, 2013 12:20 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | taxmann50 wrote: | Lot of bad debts in the existing PSU banks to be pushed to the new banking barons.
Granting banking liscences to business houses theory seems a big joke on aam admi! |
Soon, the banks will have to find more money as well... as per the Basel reforms....so, these kinda things will happen...no point in talking about aam admi....in my opinion, RBI should start printing more money....we shouldn't lag behind our global peers 
NOTE: As per the latest global Banking norms, Monte dei Paschi di Siena is the best of the lot.....  #montipythonandtheholygrail |
Yes print and print and one day we will be overtaking Zimbabwe in Inflation, |
In Zimbabwe, the currency notes don't contain anything other than numbers....the denominations (like 1 billion, 1 trillion extra)....as per the latest reports, you'll need at least 2 to 3 kg of currency notes to buy an egg or a slice of bread there....if you want to shop for your family, you'll need a car to carry the currency notes..... |
Accha Sam tell me one simple fact, what is the proportion of Government Spending to our GDP this year? the borrowing has not gone down but the spending is down as much as I can see apart from doubtful poverty schemes and some fuel subsidy. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #783 Posted: Mon Feb 25, 2013 12:36 pm Post subject: |
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| Bank NIFTY has come to weekly support range 11900-12000 range. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #784 Posted: Mon Feb 25, 2013 12:37 pm Post subject: |
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| taxmann, govt's deficit is only because guys like you have stopped raiding people and firms! |
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satishkadam
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Joined: 01 Apr 2010
Posts: 805
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| Post: #785 Posted: Mon Feb 25, 2013 12:43 pm Post subject: |
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[quote="psalm"]I still believe that the market will go up as long as yesterday's low (around 5835 is not violated). I still feel that there is good chance for us to test 6050-6060 levels in this week. With that anticipation, I'm still buying wherever, I see opportunity. Anyway, let's wait and see...  [/quote
5835.... violated.....BN 12000 Violated.....Looks like... its going down.................
Satish |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #786 Posted: Mon Feb 25, 2013 12:45 pm Post subject: |
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| vinay28 wrote: | | taxmann, govt's deficit is only because guys like you have stopped raiding people and firms! |
In time such as this when inflation on common man is unbearable and salary being low these business houses and firms have been kind to contribute generously to fulfill the wild wishes , so who to be loyal to?
Well how to change user name plz let me know. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #787 Posted: Mon Feb 25, 2013 12:47 pm Post subject: |
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| just open a new account and announce that you have left IT dept. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #788 Posted: Mon Feb 25, 2013 12:48 pm Post subject: |
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[quote="satishkadam"] | psalm wrote: | I still believe that the market will go up as long as yesterday's low (around 5835 is not violated). I still feel that there is good chance for us to test 6050-6060 levels in this week. With that anticipation, I'm still buying wherever, I see opportunity. Anyway, let's wait and see... [/quote
5835.... violated.....BN 12000 Violated.....Looks like... its going down.................
Satish |
Since, I don't want to initiate shorts at these levels...i'm still carrying my longs..might exit them at the evening if found very risky...yes, the market is looking pretty weak....Banks are doing all kinda damage today...at the same time, they're around some supports now....anyway, let's wait and see..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #789 Posted: Mon Feb 25, 2013 12:51 pm Post subject: |
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| sam, from what I know, market reacted on rumours of payment crisis but now it seems it's only one individual/entity which is in trouble. If true, it will recover equally fast. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #790 Posted: Mon Feb 25, 2013 12:52 pm Post subject: |
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| taxmann50 wrote: |
Accha Sam tell me one simple fact, what is the proportion of Government Spending to our GDP this year? the borrowing has not gone down but the spending is down as much as I can see apart from doubtful poverty schemes and some fuel subsidy. |
No idea regarding the %, Taxmann...but as per the figure in some sites, spending has come down in the last few months.....by the way, have you booked profit in ICICI SHORT???..or still holding? |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #791 Posted: Mon Feb 25, 2013 12:54 pm Post subject: |
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are you seeing the midcap stocks??? core education 62% down but cant find it in FNO. many stocks 15-30% down...
i seen this kind of sell off before expiry... is it call margin call trading? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #792 Posted: Mon Feb 25, 2013 12:56 pm Post subject: |
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| vinay28 wrote: | | sam, from what I know, market reacted on rumours of payment crisis but now it seems it's only one individual/entity which is in trouble. If true, it will recover equally fast. |
I'm still holding the longs, Vinay....yes, the market is not looking great...so, i wont suggest holding longs if one is not comfortable...but I dont see any other trade also...that's why still holding them...will see around 3pm to decide whether to carry them or not....By the way, Nifty spot has given a SELL signal in daily chart by going below yesterday's low....so, not comfortable holding longs too....anyway, let's wait and see.... |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #793 Posted: Mon Feb 25, 2013 12:59 pm Post subject: |
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| apka wrote: | are you seeing the midcap stocks??? core education 62% down but cant find it in FNO. many stocks 15-30% down...
i seen this kind of sell off before expiry... is it call margin call trading? |
Don't look at these Core Edutech and all....they're all manipulated ones....welcorp too to a certain extent....the promoters were involved with some kinda scam a few years back, right....the stock crashed at that time too... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #794 Posted: Mon Feb 25, 2013 1:10 pm Post subject: |
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| psalm wrote: | | apka wrote: | are you seeing the midcap stocks??? core education 62% down but cant find it in FNO. many stocks 15-30% down...
i seen this kind of sell off before expiry... is it call margin call trading? |
Don't look at these Core Edutech and all....they're all manipulated ones....welcorp too to a certain extent....the promoters were involved with some kinda scam a few years back, right....the stock crashed at that time too... |
I think this is some kind of scam in Core Edu, F&O the stock is not showing for trading. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #795 Posted: Mon Feb 25, 2013 1:12 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: |
Accha Sam tell me one simple fact, what is the proportion of Government Spending to our GDP this year? the borrowing has not gone down but the spending is down as much as I can see apart from doubtful poverty schemes and some fuel subsidy. |
No idea regarding the %, Taxmann...but as per the figure in some sites, spending has come down in the last few months.....by the way, have you booked profit in ICICI SHORT???..or still holding? |
I am still holding on to ICICI |
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