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#991
15th March 2008, 01:22 PM
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NEWS - koolfriend4u
New Delhi: Seeking to take the wind out of Opposition sails, Finance Minister P Chidambaram on Friday declared that Rs 60,000 crore will be provided in cash to banks over three years to fully settle the burden of farm loan waiver. "I have already provided Rs 10,000 crore and will provide another Rs 15,000 crore immediately after June 30, 2008. Another Rs 15,000 crore will be given in 2009-10, Rs 12,000 crore in 2010-11 and Rs 8,000 crore in 2011-12" he said while replying to the debate on budget in Lok Sabha
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#992
16th March 2008, 07:23 AM
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Re: Trading Tips - koolfriend4u
So loan waiving for farmers is done with taxpayers money to win an election which is due. This will probably result in more default in loan repayment in future. Mr.Chidambaram was displaying political expediency rather than economic wisdom in the parliament yesterday.
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#993
17th March 2008, 01:11 PM
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Re: Trading Tips - koolfriend4u
Quote:
Stay away this is not a time to fish. do positional trade & that too in fundamental scrips.that too for another 10% of ur cash. Asian markets are still looking weak and keeping the Indian market down too. And of course, Bear Sterns selling Indian stocks worth Rs 265 crore Bear stearns who was having hold in indian mkt crashed like anything & scrips like JP asso , KS oil, Karuturi all witnessed heavy fall. More time there to fish :-)
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#994
17th March 2008, 01:14 PM
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Re: Trading Tips - koolfriend4u
Quote:
Purava is a ST call - no need to panic
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#995
17th March 2008, 04:02 PM
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NIFTY in crucial zone - koolfriend4u
Nifty is strong in the support of 4515
If 4448 BROKEN POSITIONAL DEN ALL SHD GO IN A DEN some rumours floating some bank offloaded orchid chem outta margin pressure - 30 lac shares. after all mkt always sees rumours. given a buy call in my blog @126 now @129 st tgt 140 Tata sponge - started accumulating - merger news is waited good scrip for ST MT LT -koolfriend4u
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#996
17th March 2008, 10:04 PM
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Re: Trading Tips - koolfriend4u
dear koolfriend.
how do you think indian financial/ bank stocks move tomorrow with the expected 50 bps fed rate cut ? Or should we stay away for a while like you suggested? karvy Last edited by karvy; 18th March 2008 at 06:09 AM.
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#997
18th March 2008, 09:09 AM
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Re: Trading Tips - koolfriend4u
Quote:
As per latest news, FEd may cut its prime rate by FULL percentage point to 2 percent.... Koolfriend, I am holding PUNJLLOYD from 301... Yesterday it closed below 300... shall I hold or book losses...
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#998
18th March 2008, 02:20 PM
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Re: Trading Tips - koolfriend4u
Quote:
normally after sun outage mkt will see some bounce back - no fundamnetals - jus mkt sentiment it is. hope you can cover some of ur losses here. partially exited tata sponge ( sold @ 241.6) call given @ 230 -232 level -koolfriend4u
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#999
18th March 2008, 02:23 PM
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Re: Trading Tips - koolfriend4u
Quote:
-koolfriend4u
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#1000
18th March 2008, 04:23 PM
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Re: Trading Tips - koolfriend4u
Quote:
No position today - since two things r thr for tomm red activity TWO IMPORTANT EVENTS IN US TODAY:- 1. US Fed meet 2. Goldman sach reasults. even if fed cut rates by 1 % and if unfortunately ( rumour is already there in market) Goldman sach disclose any big losses. market will surely dicount fed rate cut and it will badly impact global market!! don't carry any over leverage position at all. go for straddle strategy Another cnbc news heard tht religare near to bankruptcy due to margin issue watever sold in tata sponge collected back @ 228 :-) RCAP may witness 900 level soon Mark my words again!! when everybody told abt buy i still keep telling stay away - its all to keep you fellow friends safe. Mkt need to witness below 14k -koolfriend4u
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