The Nifty Trading Lounge

[MurAtt]

- Nifty F & O: Sell Nifty Futures with a target of 5230 and stop loss of 5325, says Salil Sharma, technical analyst, on CNBC Awaaz
- Nifty F & O: Buy Nifty Futures with targets of 5360 and 5420 and stop loss of 5240, says Imtiaz Queireshi of Investeria Financials on CNBC Awaaz
- Nifty F & O: Buy Nifty Futures with a 1-2 day target of 5350 and stop loss of 5260, says Nirav Vakhariya of Globe Capital on CNBC Awaaz
- Nifty F & O: Buy Nifty Futures with a 2-3 day target of 5370 and stop loss of 5250, says Parsh Zaveri of Zaveri Investment on CNBC Awaaz
- Nifty F & O: Buy Nifty Futures with a 2-3 day target of 5400 and stop loss of 5220, says Imran Bohra of GEPL on CNBC Awaaz

Today the mkts have not gone up with vols. Need to check 2morrow else...

 

[deneb]

Coal Truths

The controversy over CIL's pricing points to a basic problem — that of the government being both an owner of firms and upholder of public interest.

The initiation of legal action by a London-based hedge fund against the Centre for allegedly forcing Coal India Ltd (CIL) to enter into fuel supply agreements (FSA) on non-economic grounds, highlights the classic dilemma facing governments in their simultaneous roles as policymakers and promoters of enterprises. The Children's Investment Fund Management (TCI) – which holds slightly over one per cent in CIL – has claimed that the Centre's instruction to the coal major to ink FSAs with all power plants to be commissioned within the next three years goes against minority shareholders' interests. The FSAs, committing CIL to deliver 80 per cent of the entire contracted quantity of coal for a 20-year-period and arranging for imports in case of any shortfalls, would help in firing around 50,000 megawatts of capacity – not insignificant for a power-starved country. There is enough public interest to be served, therefore, from the directive, coming straight from the Prime Minister's Office (PMO). But according to TCI, CIL, as a listed company (despite the Centre owning 90 per cent), cannot be pressured into selling coal below international prices, or executing FSAs deviating from the goal of profit maximisation.

The above allegations are not fully borne out by facts. To start with, it is nave for investors in stocks of public sector undertakings (PSU) to expect the Centre not to have any say in their pricing decisions (that too, in coal) or never require them to take actions in ‘public interest': These were, indeed, explicitly disclosed as risk factors in CIL's initial public offer prospectus in 2010. Also, not being allowed to run profitably is hardly a fair description for a company that, in 2010-11, delivered a 33 per cent return on net worth, had nearly $ 10 billion of cash and bank balances, and very little debt on its books. These numbers are no less a result of the virtual domestic monopoly that CIL enjoys – a position bestowed upon it by the Centre, which, far from being an impediment, has actually helped the company rake in massive profits and make it India's fourth largest by market capitalisation.

While all these considerably weaken TCI's legal position, they still raise valid concerns over the conflict of interest inherent in the government being both upholder of public interest and owner of firms. The ideal way to resolve this contradiction – more so, in listed PSUs that are accountable to minority shareholders – is for the government to exit business altogether. In CIL's case, even public interest is better safeguarded by throwing open commercial coal mining to private players and having an independent regulator for the sector to whom consumers can take their complaints. PMO diktats are, at best, poor substitutes for substantial reforms that attract new investments and promote market-based competition. Governments would do better in working towards this end than micromanaging the affairs of PSUs.

 

[Taurus1]

12:20 PM - Nifty F&O Call: Buy with a 2-3 day target of 5440 (spot level) and stop loss of 5330 (spot level), says Ashutosh Sarna of Max Growth Capital on CNBC Awaaz.
12:16 PM - Nifty F&O Call: Buy above 5385 with a two-day target of 5450 (spot level) and stop loss of 5340 (spot level), says Shardul Kulkarni of Angel Broking on CNBC Awaaz.
12:13 PM - Nifty F&O Call: Buy at 5340 with two-day targets of 5400-5420 (spot level) and stop loss of 5300 (spot level), says Neera Jain, technical analyst, on CNBC Awaaz.
12:10 PM - Nifty F&O Call: Buy above 5380 with a four-day target of 5500 (spot level) and stop loss of 5325 (spot level), says Santosh Kumar Singh, technical analyst, on CNBC Awaaz.
12:07 PM - Nifty F&O Call: Buy with 3-4 day targets of 5450-5500 (spot level) and stop loss of 5360 (spot level), says Manoj Sachdeva of Hem Securities on CNBC Awaaz.

Unanimous !!!

Bought Nifty puts, SL at 5420.

 

[Taurus1]

RBI rate cut, corporate earning to lead Sensex rally in 2012: Analysts
http://economictimes.indiatimes.com...lly-in-2012-analysts/articleshow/12517253.cms

Petroleum firms warn of disruptions in fuel supply
http://www.deccanherald.com/content/239137/petroleum-firms-warn-disruptions-fuel.html

"The situation is very critical. We are losing Rs 7.67 per litre on petrol and after adding 20 per cent sales tax, the desired increase in rates in Delhi is Rs 9.20 per litre,"

 

[saivenkat]

"The situation is very critical. We are losing Rs 7.67 per litre on petrol and after adding 20 per cent sales tax, the desired increase in rates in Delhi is Rs 9.20 per litre,"

Mockery to the core.. these guys talk off.. The puppetarians who hold their positions in centre,at whatever cost... will have no problems in raising 9 or 10 per liter..

But the problem is irrespective of who ever rules.. they uniformly talk of competitiveness and growth in all summits and device all kind of reforms.. This is fine.. but in reality,in the same breath.. they want the workers ( we middle class people) to accept more sacrifices in order to economize their debts..

These debts have been created by these oil companies all because of greed.. all these are virtual losses.. not in terms of real money..

On reading these kind of statements make my blood boil...

 

[SavantGarde]

What is even funnier....is that while the Brent Crude prices ruled much below the NYMEX Crude ...CNBC never flashed the Brent Crude Prices at that time and all talk of under recoveries was compared to NYMEX Crude.... only time one saw the Brent Crude prices then was when the U.S. Market was broadcast during the night....!!!

Now.....Look at Mr.Udyan Mukherjee at Co. only talk of bleeding OMCs comparing the price to Brent Crude....!!!

Do They really think we are so stupid and have such short memories...anybody who knows those idiots at the channels ...ask them for a response....!!!

SG

 

[Taurus1]

The middle class has always been the bog standard whipping boy for everything, impossible to change.

What is even funnier....is that while the Brent Crude prices ruled much below the NYMEX Crude ...CNBC never flashed the Brent Crude Prices at that time and all talk of under recoveries was compared to NYMEX Crude.... only time one saw the Brent Crude prices then was when the U.S. Market was broadcast during the night....!!!

Now.....Look at Mr.Udyan Mukherjee at Co. only talk of bleeding OMCs comparing the price to Brent Crude....!!!

Do They really think we are so stupid and have such short memories...anybody who knows those idiots at the channels ...ask them for a response....!!!

SG

Smelling very fishy, comparing prices to Brent one day and then to Nymex on another day.
They all have their own agendas.

 

[MurAtt]

NDTV (or was it Zee Biz) not sure of the channel now - was singing song of market being sold off in the last 30 mins on Thursday bcoz of GAAR etc and that FII would unload everything upon the market if there is no clarifiation and that the day being the last of the financial F&O days.
A response was sent to them to clarify why they are scaring public and creating a panic sort of ambience for those folloiwing the channel.
Mum's the word .... and we all know what happened Friday onwards ....

 

[Taurus1]

FWIW

EXTRAORDINARY PLANETARY ALIGNMENTS TO HIT IN 2ND QUARTER OF 2012

For example during the 2nd quarter of 2012 we will for the first time since more than 77 years witness an exact square aspect between the planets Uranus and Pluto. The exact place in the Zodiac of this square aspect will be 8.4 degrees of Cardinal Signs. If you are knowledgeable in numerology you will have heard about the special relation between the numbers 8 and 4 that already the famous numerologist CHEIRO has used for his legendary predictions. The worldwide ramifications of this square aspect are largely speculated about within the astrological community. In the 2012 forecast book I go one step further and explain that it is not only the traditional planets that determine the results of said square aspect on the financial markets, but more so those dwarf planets that have only been recently discovered by modern astronomy. The hidden knowledge of how to integrate these dwarfs planets within the framework of traditional astrology is an integral part of the 2012 Annual Forecast. So after taking all crucial planetary bodies into account, I come to the conclusion that the 2nd quarter of 2012 is vastly unique in the history of financial astrology... and seeing these unique alignments and knowing that other financial astrologers might simply ignore them...at their own peril...was for me the main impetus to write the 2012 Forecast Book and to mention it here again.

I did not subscribe since his last year forecasts were off, this is from his free newsletter.

 

[Taurus1]

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