Swing Swing :) Ahoy!

Hold Tata Steel......

Good evening. Does anyone have recent news from Glenmark R&D? A friend of mine working for them told me that Eli Lilly is about to terminate its license agreement on the 6211 molecule. During a meeting in June, Lilly have pointed out issues on cardiovacular safety and CYP inhibition (CYP is an enzyme which takes part in the metabolisation of drugs). As a failure on these two criteria can lead to the termination of the agreement, Glenmark expects Lilly to raise the issue in the coming days.
I don't see anything about it on the internet, are they hiding this information? After the failure with Merck on Melogliptin (GRC-8200), this would be a disaster.
As 6211 and 8200 can be valued at 150 Rs together, I think a 450-500 Rs price would be more accurate than the current 700-800 targets, which seems to me very expensive.
As my friend is very reliable, I sold my stocks. What are you thoughts?

Tadaaaaa................monday..........we will swing along with nifty.............

Sorry guysss wasss out of d country........i came........nd den i got sum imp work...........we'll start mondayyy............


Regards
nj

so you came back with some new knowledge/tricks? good, keep it up.

i have exited tata steel....nd i hav stopped doing btst for now........as it is a complete failure in this kind of bearish market......

all i will post here is whatever position i am taking......in NIFTY.......and my views about it.........

I HAVE INITIATED A LONG POSITION ON NIFTY @ 4350

NO. OF POINTS I HAVE GAINED/LOST - 0 (27 JULY)


REGARDS

NJ : (

nice one.

sir u told me in other thread which is closed now that i can do in options too n u will tell me n we will earn in the mnth finally but how can i contact u when i need u can i add u in my YM my id is prvntnj thnx for replying sir

I have cut long.......got short@4330.........

I think the st correction will continue today.......markets are in intermediate uptrend..........

They can continue correction upto 4250-4180.......from where it can bounce upto 4550-4600.......


I am short on nifty@ 4330

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Markets make a flag pattern..........

This holding is not holding....but maybe consolidation b4 another fall.....when dii and fiis sell the way they did.........just forget all analysis and be positioned with them......

Coz me and u cannot take it up...if they wanna sell it............