Stocks To Keep A Close Eye On

[AlokTewari]

Dubai criris was known in advance already ...
Also something abt Abu Dhabi helping Dubai is doing the rounds ...

And hopefully (IMO) its got nothing to do with India as such ... the downmove wil now be called as a kneejerk reaction by the uninformed at the Cartoon ...

SM

I don't think so it was kneejerk reaction nor the crisis is over. Markets world over don't fall 3 -4% due to someones imagination. I don't believe that news about Dubai world defauling on loan payment would have been out if it was question of arranging short term bridge finance of US$20-25 Billions. It could be just the tip of iceberg. Loan payment wasn't due until first week of Dec. Such news are kept under wrap as long as it can be delayed. Something is fishy for sure & best thing to do is to close everyday without any positions. One doesnot know what is going to hit next.

Cheers !!

 

[prasadam]

Re: Dubai Crisis

Hi Alok.

Why the markets suddenly bounced by around 130 points? Which news drove the upmove of not only of Indian but also Europian markets?

Hope you have understood the importance of charts. :thumb:

Though I was able to catch about 75 points rise in Nifty, I still donot know what made Nifty go ballastic. Recovery upto 4860 was on expected lines but after that what made Nifty go up like that is still a mystery. Does anyone know what happened ? Dubai crisis is far from over infact exact damage will be known only on Monday once Dubai opens after Id holidays. Usually with such large financial crisis looming & weekend coming, one would have thought market to keep going down till end. That made me square off my longs before close. Big profit but equally big mystery of this sudden Tsunami.

Cheers !!!

 

[rajeabc]

ALokTiwari ji ,

I think fall was more like a reaction (as you say "dhudh ka jala chhachh bhi phunk kar pita hai ) as memories of last bad time are still there. And recovery was contribution of well informed investors/traders .

There might be some affect of companies which are exposed to that market such as ABAN.

Would love to listen "Savant sir's" view on this and market in near future.

Thanks

 

[AlokTewari]

Re: Dubai Crisis

Hi Alok.

Why the markets suddenly bounced by around 130 points? Which news drove the upmove of not only of Indian but also Europian markets?

Hope you have understood the importance of charts. :thumb:

Dear Prasadam

I have been using charts for my trading for a very longtime however only on EOD Basis. Following 5, 10 or 30 minutes charts require too much undivided attention which is not possible due to workload hence my intraday trading is based on EOD analysis only. However how is it possible that charts of FTSE & NSE gave upside breakout at same time. If it is so then it has to be a very good co-ordinated effort. I am being told that there was news that Abu Dhabi is bailing out Dubai World with 20-25 Billion US$ Loan from present crisis & this news drove world markets upwards. Though personally I donot agree that Dubai crisis is over infact more skeletons could be tumbling out of cupboard sooner than later. Todays news & upside Breakout maybe to provide escape route to FIIs from financial markets before **** hits the fan. An analysis of FIIs data for last few days could give what is cooking inside. Hope you have squared off all position by end of the day.

Have a great weekend. Cheers !!!!

 

[prasadam]

Re: Dubai Crisis

Hi Alok.

The markets started rising at around 1 PM, a good 6 hours back and we are still searching for the news which drove the market. :lol:

In such a scenario, what will be the position of an intraday trader, who wants to trade on news?

But, for some one trading based on EOD analysis, yes, analysing the news is also important. :thumb:

My take on the reason for the rise is that the smart money or FIIs were caught unaware by the news of Dubai world and they were unable to off load their positions. So, they are trying to pull back the markets, to may be around 5050-5100. I may be wrong.

cheers.

prasad.

Dear Prasadam

I have been using charts for my trading for a very longtime however only on EOD Basis. Following 5, 10 or 30 minutes charts require too much undivided attention which is not possible due to workload hence my intraday trading is based on EOD analysis only. However how is it possible that charts of FTSE & NSE gave upside breakout at same time. If it is so then it has to be a very good co-ordinated effort. I am being told that there was news that Abu Dhabi is bailing out Dubai World with 20-25 Billion US$ Loan from present crisis & this news drove world markets upwards. Though personally I donot agree that Dubai crisis is over infact more skeletons could be tumbling out of cupboard sooner than later. Todays news & upside Breakout maybe to provide escape route to FIIs from financial markets before **** hits the fan. An analysis of FIIs data for last few days could give what is cooking inside. Hope you have squared off all position by end of the day.

Have a great weekend. Cheers !!!!

 

[stockBond]

Good Morning Savant...
Can u please give ur F&O view on these srcips -
DENA BANK - open int build up 36 lak shares
VIJAYA BANK - open interest build up 15 lak shares
KS OILS - cut 32 lak shares & open interest build up nearly 1.13 crore

Savant sir


Please post your views on Suzlon.........isn't it overreacting to the news of new order. Nifty down but suzlon up 6%. Will the upmove sustain ? What do you think ?

 

[AlokTewari]

Re: Dubai Crisis

Hi Alok.

The markets started rising at around 1 PM, a good 6 hours back and we are still searching for the news which drove the market. :lol:

In such a scenario, what will be the position of an intraday trader, who wants to trade on news?

But, for some one trading based on EOD analysis, yes, analysing the news is also important. :thumb:

My take on the reason for the rise is that the smart money or FIIs were caught unaware by the news of Dubai world and they were unable to off load their positions. So, they are trying to pull back the markets, to may be around 5050-5100. I may be wrong.

cheers.

prasad.

Hi

I agree with your escape route theory but whether it is 5050-5100 or today's close is anybody's guess. Trap drop could be snap shut as early as Monday morning's gap down open. That is why no overnight carry over position because one can get caught in this dangerous game big way if on the wrong foot. Is it just a coincidence that Thanksgiving holiday has been chosen time for this ? Maybe it just a coincidence but I always look with such coincidences with suspicion. Prefer to loose an opportunity to make money than to have noose tightening around my neck if cought on the wrong foot.

Cheers !!!

 

[gb333]

hello sir..
Kindly give ur valuable (buy,sell, entry & exit levels)advice on these stocks..
ABAN, IPCA LAB, ICI INDIA, RANBAXY, SUZLON, UNITECH, DENA BANK...

 

[SavantGarde]

 

[SavantGarde]

SB,

There Is Nothing More To Offer On SUZLON, Other Than What I Have Already Stated Sometime Back When I Posted To Exit Around 88-90.

Infact, It's Looking Worse Than Ever For All The Current Tricks Being Adopted By Interested Parties & The Management.

Following Points Requires Some Thought & Investigation:

a) There Could Be Some Major Cooking Of The Account Books

b) Above Point Came To My Mind When They Declared Bad Results & Not Sure Whether It Was 350 Or 650 Crores That They Said Was The Expense On Account Of Retrofitting Of The Rotor Blades Which Client's Had Raised Quality Issues & Threatened To Cancel All Outstanding Orders.

c) Tulsi Tanti Has Been Conspicuous By His Absence For Sometime From Appearance On The Channels.

d) In His Place We Have Been Seeing, Glib Smooth Talking Suman Sinha Appearing On The Channels For Sometime To Give Assurances Of How The Company Is On Track...Blah...Blah...Blah

Don't Be Surprised If Some Major Skeletons Tumble Out Of SUZLON's Cupboard.

By The Way Why Are You So Much In Love With SUZLON, You Can't Find Value & Quality In Anything Else Other Than SUZLON

Have Mentioned It Before If I Find Things Having Changed For The Better, You Shall See It In The BUY Trigger.

SavantGarde

Savant sir


Please post your views on Suzlon.........isn't it overreacting to the news of new order. Nifty down but suzlon up 6%. Will the upmove sustain ? What do you think ?