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psalm
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Post: #4546  Posted: Fri Aug 10, 2012 12:24 pm Post subject: |
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| apka wrote: | It surprises me this is the same govt for which Nifty hit UPC. Useless they are. While the world was growing they enjoyed the benefit of opening ways of foreign investment, thats all they have done. They have no idea how to tackle with rising inflation and falling industrial growth.
I also agree with Sam it appears to be supply problem or maybe futures trading in agriculture products are also affecting in some way.
All that high interest rates have done is reduce India's growth. Inflation is there itself, means demand wont go down. Why they dont work on reorganizing the supply of food items, minimize wastage in storage... i do not understand. |
I agree with it completely......its high time we have good storage facilities......at least that will curb food inflation....we have enough production as far as food supply is concerned....procurement and storage is the biggest prob....hope that the issue will be addressed seriously by the governments....  ....
NOTE: Recently read a new item regarding this issue. The article was about countless heaps of rodent-infested wheat and rice which were in a rotten state.... |
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apka
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| Post: #4547 Posted: Fri Aug 10, 2012 12:29 pm Post subject: |
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| ok SBI result any minute now as per cnbc |
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psalm
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| Post: #4548 Posted: Fri Aug 10, 2012 12:37 pm Post subject: |
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| apka wrote: | | ok SBI result any minute now as per cnbc |
Q1 PAT Rs 3760 cr Vs Poll of Rs 3676 cr...means better than expectation....
but the stock reacting negatively.... |
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apka
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| Post: #4549 Posted: Fri Aug 10, 2012 12:40 pm Post subject: |
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| psalm wrote: | | apka wrote: | | ok SBI result any minute now as per cnbc |
Q1 PAT Rs 3760 cr Vs Poll of Rs 3676 cr...means better than expectation....
but the stock reacting negatively.... |
NPA bad just like other PSU banks results. more than expected. |
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psalm
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| Post: #4550 Posted: Fri Aug 10, 2012 12:44 pm Post subject: |
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| psalm wrote: | | apka wrote: | | ok SBI result any minute now as per cnbc |
Q1 PAT Rs 3760 cr Vs Poll of Rs 3676 cr...means better than expectation....
but the stock reacting negatively.... |
1880 is the important level to watch.....next week..... |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #4551 Posted: Fri Aug 10, 2012 12:50 pm Post subject: |
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| psalm wrote: | | psalm wrote: | | apka wrote: | | ok SBI result any minute now as per cnbc |
Q1 PAT Rs 3760 cr Vs Poll of Rs 3676 cr...means better than expectation....
but the stock reacting negatively.... |
1880 is the important level to watch.....next week..... |
Looks like the stock is heading for 1880 today itself....  |
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psalm
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| Post: #4552 Posted: Fri Aug 10, 2012 1:05 pm Post subject: |
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| psalm wrote: | | psalm wrote: | | psalm wrote: | | apka wrote: | | ok SBI result any minute now as per cnbc |
Q1 PAT Rs 3760 cr Vs Poll of Rs 3676 cr...means better than expectation....
but the stock reacting negatively.... |
1880 is the important level to watch.....next week..... |
Looks like the stock is heading for 1880 today itself.... |
I believe that 1880 will be held...however, if broken, 1860 and 1820 are the next levels.... ....current rate is below 1890... |
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vinay28
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Joined: 24 Dec 2010
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| Post: #4553 Posted: Fri Aug 10, 2012 1:13 pm Post subject: |
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If I were you, I will take a chance and buy nifty and banks at 1.33pm.  |
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psalm
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| Post: #4554 Posted: Fri Aug 10, 2012 1:17 pm Post subject: |
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| vinay28 wrote: | | If I were you, I will take a chance and buy nifty and banks at 1.33pm. |
Yes, Vinay.....I have noticed that Nifty is not going down at all even after this selling in Banks....even BankNifty is not reacting much....
Last edited by psalm on Fri Aug 10, 2012 1:19 pm; edited 2 times in total |
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SP50
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| Post: #4555 Posted: Fri Aug 10, 2012 1:18 pm Post subject: |
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| What happened to axis? technical sell i guess |
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apka
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| Post: #4556 Posted: Fri Aug 10, 2012 1:19 pm Post subject: |
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| taxmann50 wrote: | | What happened to axis? technical sell i guess |
their daddy sbin dissappointed market hence others being sold also. |
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psalm
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| Post: #4557 Posted: Fri Aug 10, 2012 1:20 pm Post subject: |
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| taxmann50 wrote: | | What happened to axis? technical sell i guess |
A close below 1075 wont be good for that stock, I feel....anyway, let's see... |
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psalm
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| Post: #4558 Posted: Fri Aug 10, 2012 1:23 pm Post subject: |
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| Reliance, LT, INFY, TCS and ITC is holding the market from going down....I really doubt how long they'll be able to..... |
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vinay28
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| Post: #4559 Posted: Fri Aug 10, 2012 1:32 pm Post subject: |
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| axis should have been bought some time ago |
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psalm
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| Post: #4560 Posted: Fri Aug 10, 2012 1:35 pm Post subject: |
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| vinay28 wrote: | | axis should have been bought some time ago |
You mean earlier today or a few days back??? |
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