Trading Tips - koolfriend4u
- Thread starter koolfriend4u
- Start date
- Tags daily daily trading calls tipster crap useless tips
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Aban given to my sharekhan clients rocks now 
tgt met wit sl 448
LT investors can buy/accumulate this stock@ 450 & 380 levels
tgt met wit sl 448 LT investors can buy/accumulate this stock@ 450 & 380 levels
mkt view maxx nifty 2656 here & see some upside - for march series u can buy based on this
though mkt tanked as per my prediction - my put is outta range & no yield as a result.
ABAN OUTLOOK ( Goldman Sachs Global Investment Research)
Aban needs to re-finance about US$169mn of existing debt in FY10E, and
US$148mn out of that before Dec’09 in order to honour the bullet
payments of Norwegian Kroner (NOK) bonds (from Sinvest) maturing on
22 Dec 2009. This has become the key issue for the company since we
believe Aban has limited options to raise finance by other means in the
current environment.
Moreover, four of Aban’s assets are currently lying idle owing to major
cutbacks in E&P capex globally. Another four of Aban’s assets will be
coming out of contracts in the next six months, increasing the risk of lower
utilisation of assets and pushing up the amount of re-financing needed.
Aban will get re-financing, though this could be expensive in the current
environment. News-flow on this remains critical for re-rating of the stock.
The company, however, remains confident that they will be able to re-finance the NOK
bonds with Indian banks once the credit market eases in the latter part of 2009. Though
admittedly, they have sufficient time to negotiate a re-financing deal with banks, the overhang on the stock is likely to continue till there is clarity on this, in our view.
Aban needs to re-finance about US$169mn of existing debt in FY10E, and
US$148mn out of that before Dec’09 in order to honour the bullet
payments of Norwegian Kroner (NOK) bonds (from Sinvest) maturing on
22 Dec 2009. This has become the key issue for the company since we
believe Aban has limited options to raise finance by other means in the
current environment.
Moreover, four of Aban’s assets are currently lying idle owing to major
cutbacks in E&P capex globally. Another four of Aban’s assets will be
coming out of contracts in the next six months, increasing the risk of lower
utilisation of assets and pushing up the amount of re-financing needed.
Aban will get re-financing, though this could be expensive in the current
environment. News-flow on this remains critical for re-rating of the stock.
The company, however, remains confident that they will be able to re-finance the NOK
bonds with Indian banks once the credit market eases in the latter part of 2009. Though
admittedly, they have sufficient time to negotiate a re-financing deal with banks, the overhang on the stock is likely to continue till there is clarity on this, in our view.
RPL under the scanner
The Securities and Exchange Board of India (Sebi) has received complaints of insider trading by Mukesh Ambani-owned Reliance Petroleum (RPL) and 18 other companies in the last three years, Finance Minister Pranab Mukherjee told the Lok Sabha today.
Sebi got complaints against nine companies in 2006, Mukherjee said. Complaints against six companies were made in 2007, three in 2008 and one in January this year, the minister said without naming them.
RPL, a unit of Reliance Industries, did not reply to an email query.
A background on the RPL case prepared by Sebi said on November 6, 2007, the derivatives contracts of the RPL scrip reached 95 per cent of the market-wide position limit, thereby inviting upon it a restriction of no further increase in the open interest (OI) position as per the extant rules pertaining to trading in the derivative segment.
Thereafter, from November 7, 2007, further increase in the OI positions was banned and brokers/clients were permitted to trade only by offsetting their existing positions till the OI came down to 80 per cent of the market-wide position limit.
The price of the scrip fell sharply to Rs 220.35 on November 6 from the previous day close of Rs 267.55 on the Bombay Stock Exchange.
On November 23, RPL informed the exchanges that the promoters, RIL, had sold 180 million shares (4.01 per cent of RPL’s equity) during November 6 to November 23.
In view of the volatility observed in the scrip, Sebi examined the transactions in the cash as well as derivatives segment and also asked the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) to examine the trading of RPL for the period November 1 to 29, 2007.
Sebi didn’t respond to queries on the issue.
NSE’s observations said RIL, trading through five members – Enam Securities, JM Financial Services, Shriyam Broking Intermediary, Sonal Share & Stock Brokers, SSM Securities – was observed to be selling in the scrip from November 6, 2007.
Between November 1 and November 23, RIL was observed to have sold 118.2 million shares in 10 trading days at an average sale price of Rs 223.16. On November 29, RIL was the top client on net sale basis in the cash market during the last half hour of trading with net sale of 19.5 million shares.
The top clients on net short basis were observed to have created large net short positions between November 1 and November 6. These entities held a net short position of 79.7 million shares on November 29, 2007, accounting for 93.63 per cent of the open interest. Further, there was no rollover of positions by any of these entities to December expiry, the NSE observation said.
The Securities and Exchange Board of India (Sebi) has received complaints of insider trading by Mukesh Ambani-owned Reliance Petroleum (RPL) and 18 other companies in the last three years, Finance Minister Pranab Mukherjee told the Lok Sabha today.
Sebi got complaints against nine companies in 2006, Mukherjee said. Complaints against six companies were made in 2007, three in 2008 and one in January this year, the minister said without naming them.
RPL, a unit of Reliance Industries, did not reply to an email query.
A background on the RPL case prepared by Sebi said on November 6, 2007, the derivatives contracts of the RPL scrip reached 95 per cent of the market-wide position limit, thereby inviting upon it a restriction of no further increase in the open interest (OI) position as per the extant rules pertaining to trading in the derivative segment.
Thereafter, from November 7, 2007, further increase in the OI positions was banned and brokers/clients were permitted to trade only by offsetting their existing positions till the OI came down to 80 per cent of the market-wide position limit.
The price of the scrip fell sharply to Rs 220.35 on November 6 from the previous day close of Rs 267.55 on the Bombay Stock Exchange.
On November 23, RPL informed the exchanges that the promoters, RIL, had sold 180 million shares (4.01 per cent of RPL’s equity) during November 6 to November 23.
In view of the volatility observed in the scrip, Sebi examined the transactions in the cash as well as derivatives segment and also asked the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) to examine the trading of RPL for the period November 1 to 29, 2007.
Sebi didn’t respond to queries on the issue.
NSE’s observations said RIL, trading through five members – Enam Securities, JM Financial Services, Shriyam Broking Intermediary, Sonal Share & Stock Brokers, SSM Securities – was observed to be selling in the scrip from November 6, 2007.
Between November 1 and November 23, RIL was observed to have sold 118.2 million shares in 10 trading days at an average sale price of Rs 223.16. On November 29, RIL was the top client on net sale basis in the cash market during the last half hour of trading with net sale of 19.5 million shares.
The top clients on net short basis were observed to have created large net short positions between November 1 and November 6. These entities held a net short position of 79.7 million shares on November 29, 2007, accounting for 93.63 per cent of the open interest. Further, there was no rollover of positions by any of these entities to December expiry, the NSE observation said.
Expiry week starts with Maha shivraathri. Good!
Volatility & bearish mood prevails in the market. Any Bounce is for creating short positions.
ABG & GE Ship both being monitored by punters.... can see some 10% movement in short period.
In our ST calls now Suntv looks weak. hold wit sl 156
If nifty closes below 2730 - a gud dip can be seen. may be 2525.
Nifty in short - mid term need to plunge for the upcoming bad news flows. Until trade very less & trade wit sl & mostly INTRA.
if more of bad news comes, whr nifty wil stop ?
next support zone & trendline @ 2080 seems to be strong support level.
Hav agood week ahead
Volatility & bearish mood prevails in the market. Any Bounce is for creating short positions.
ABG & GE Ship both being monitored by punters.... can see some 10% movement in short period.
In our ST calls now Suntv looks weak. hold wit sl 156
If nifty closes below 2730 - a gud dip can be seen. may be 2525.
Nifty in short - mid term need to plunge for the upcoming bad news flows. Until trade very less & trade wit sl & mostly INTRA.
if more of bad news comes, whr nifty wil stop ?
next support zone & trendline @ 2080 seems to be strong support level.
Hav agood week ahead
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