Event Based Option Trading

[kiranjakka]

Panel may meet next week to discuss FDI

The UPA coordination committee is expected to meet early next week either on August 22 or 23 to work out a roadmap for reforms, in what may set the stage for opening up civil aviation and multi-brand retail to foreign players.

West Bengal chief minister Mamata Banerjee, the biggest hurdle to opening up, is expected to attend the meeting with the Congress reaching out to her to soften her opposition to the two proposals that have been awaiting consensus since last November.

The government wants to set the stage for announcements in early September in an effort to change the perception about the government's seriousness on getting the economy back into shape though a series of reforms. In any case, the calculation in the government is that it has a five-week window from September 7, when the monsoon session ends, to October 15, the expected date for announcement of elections in Gujarat and Himachal Pradesh, to put in place these measures. Along with the FDI package, the government is also hoping to put together a revised roadmap for fiscal consolidation based on inputs it receives from a panel comprising former finance commission chief Vijay Kelkar, economist Indira Rajaraman and former expenditure secretary Sanjeev Mishra.

On August 10, TOI was the first to report that a UPA coordination committee was being convened to evolve a consensus on FDI in retail.

situation
1.buy call option of pantaloon 170 which closed at 2rs
2.buy 400 call option of jetairways which is in ban period now for trading once the ban is lifted around 1rs to be implemented based on news




pantaloon did well yesterday and today is the jetairways

jetairways 400 call option opened at 1.95 today made a high of whopping 9.8rs intraday and closed near 8.5. but again due to bullish sentiment on the stock entered ban period from tomorrow :annoyed:. buy stock and hold

 

[kiranjakka]

Reliance Power Ltd, after the company has denied receiving a financial benefit of Rs 29,033 crore for being permitted to use surplus coal in another power project on the ground that information on additional coal in the three blocks (dedicated to Sasan) were known to all bidders.

 

[timepass]

There was something about Reliance Infra as well, having lost some contract for Rs. 2500/- (or did it get cancelled ??) Saw something about it on TV, no internet links.

 

[Arsh]

Don't know abt Reliance Infra, but shares in Adani Ports, Lanco Infratech and Punj Lloyd fall after The Economic Times port reports India's home ministry has barred them from participating in two major port projects because of security concerns.

 

[timepass]

Larsen & Toubro wins Rs 749 cr contract from ONGC

.

 

[timepass]

Another index heavyweight may bite the dust tomorrow.

CAG raps ONGC after taking aim at coal

 

[timepass]

So, it seems that FMCG is a great bet for the future - HUL, Marico... and who else ??

Rural India consumption growth outpaces urban areas: Crisil
Joel Rebello

There has been a shift from spending on necessities to spending on discretionary items in rural areas, says Crisil study


Mumbai: Incremental spending in rural India grew at a faster pace than in cities and towns for the first time in two decades, driven by a rise in household incomes due to greater non-farm job opportunities and government-initiated employment generation schemes, a report by credit rating agency Crisil Ltd said on Wednesday.

Between 2009-10 and 2011-12, additional spending in rural India was Rs. 3.75 trillion, significantly higher than the Rs. 2.99 trillion in urban parts of the country.
....
http://www.livemint.com/2012/08/29164241/Rural-India-consumption-growth.html?h=B

 

[kiranjakka]

So, it seems that FMCG is a great bet for the future - HUL, Marico... and who else ??

people get some good news on most of the stock and make us buy after the news is over they dump the stocks almost hul and itc all fmcg sector ar in 52week highs one small bad news make them good shorts instead of buying them at these levels :lol:

 

[kiranjakka]

For growth's sake, cut rate by 1%: KV Kamath, Chairman, ICICI Bank

BANGALORE: The Reserve bank of India must go bold and big with a 100 basis-point reduction in its main policy rate to spur consumption, KV Kamath said on Wednesday. A sharp cut in the repo rate, he said, is urgently needed if the country's growth prospects are to remain unimpaired.

"I would think that we need to head towards a 100-basis point cut soon," the chairman of the country's largest private lender ICICI Bank told ET in an interview.


--------hopes building up for a rate cut so it is better to play icicibank or sbin on long side------------------

 

[timepass]

The analysts have recently been quite bearish on JSW steel recently. It has shown a clear downtrend. But it is a volatile scrip and gives 2-3 unexpected jerks everyday.

Now, how is this following news going to affect JSW steel ?? Time to buy CEs ?? The lot size is 500, 10 times that of Nifty.

JSW Steel to merge JSW Ispat; swap ratio fixed at 1:72