MIND BOGGLING YET…

MIND BOGGLING YET…

I WAS AMAZED TO SEE THE PRICE ROCKETED TO CREATE ENOUGH TURBULENCE IN ME.

I BOUGHT 1000 SHARES OF THERMAX FOR Rs 38.65, 15 YEARS BACK,

TODAY, THE PRICE OF THERMAX IS Rs 1050/- OF Rs 2/- FACE VALUE (EQUAL TO Rs 5150/-). IN OTHER WORDS, ONE LAKH INVESTED HAS BECOME MORE THAN 66 LAKHS.

EVEN RECENTLY, 2-3 YEARS BACK, I FOUND MARKSAN AT Rs 2.30 NOW IT IS QUOTING Rs 64/-.

ALSO FOUND MORARJEE TEXTILES AT Rs 7.0 NOW TOUCHED A HIGH OF Rs 61, INDOCOUNT INDUSTRIES AT Rs 7.0 NOW TOUCHED A HIGH OF Rs 390/-.

BUT THE ABOVE THREE WERE JUST MEMORIES BUT NO PARTICIPATION……

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MERRY CHRISTMAS TO YOU AND ALL INVESTORS & TRADERS…

The weak WEEK-ended..GLOBAL MOVES...

The weak WEEK-ended.

As I have mentioned in my twitter postings,(@BNRSTOCKS), the Nifty could crawl from a low of 8198 on 31 October to a high of 8627 on 4^th of December took nearly 23 trading days, whereas BEARs could pressurize the bulls to unwind their positions so fast that the low of 8216 came in just 6 trading days. The fall is definitely entice the fence siting investors to jump in to enter the equities and definitely a good opportunity, either. The run-up made so far will keep the Bulls to check whether they are in a rush to make a fresh “All-time HIGHs”.

As we see the trends, this fall is mainly due to the Cyclical & commodity stocks fall due to lack of consumer demand and low infrastructure progress. The stocks holding head above the troubled waters are motors and ancillary stocks. The good results of Pharma coupled with weak Rupee keeping them stay above their monthly gains. The Nifty may not cross 8450 level in a hurry but the broad range will be 7850-8500 in months to come, at least till Budget. The huge fall in Reliance, ONGC, GAIL, BPCL, NMDC,SSLT are good trading bets for HNIs for quick money.

The bank Nifty which is relatively very strong may see some unwinding in days to come as the credit off-take is contracting, will see 17300-17100 level, from where it will definitely cross the resistance at 18480-520 resistance to make new highs, as the RATE-CUT, now is immense pressure building on RBI.

The best stocks to hold like YES, ICICI, Canara Bank, Bank of India, SKS and Relcapital, in banking & Financials space. The steel segment will offer good returns in long-term as the promise is un-folding for huge infra-structure building and SMART CITIES.

Safe and secure Investments can be made with more confidence in counters like SCI, NALCO and India cements. Though the trouble are there to these counters but they are opportunities for long-term investors.

The Baltic freight index which moved from 720 level to 1450 from July to November, fell again to 850 levels during this week forced companies like Shipping Corporation shed 15% in value.

Though “No Proofs” Available-“The Fall of Crude Oil”- Very geopolitical issues, “under the carpet moves” made to cripple the Russia’s economy on all fronts, with a simple move a steep fall of Oil price & Russian Rubble fell against all currencies. The efforts to de-stabilize the sovereigns is a conglomerated action at very high level. Russia earlier banned the food products from EU, pushed to corner, now a simple retaliation. Rest everything is self-explanatory….

It is very difficult to understand and expect even local moves….like…

One day a news came that Govt of India is likely to ban the sale of LOOSE CIGARETTES, the result ---ITC fell more than 5%, from 376 to 348 level, on the very next day Govt. made a U-turn, changed the proposed decision, all those who made SHORTS got trapped, now ITC ruling at 395-400 range, a simple 15% rise. Now technically, even if ITC fell back to 300 doesn’t make much difference, the yearly HIGH-LOW, 400.3-310.35……who can explain why and who made these PROPOSED DECISIONS AND U-TURN ON THE NEXT DAY…ANY EXPLANATION FROM ANY-BODY…!!!!!!

....SOME CAN GIVE RATIONALE/EXPLANATIONS…BUT IT IS ALWAYS….RETAIL INVESTORS..LOSE THE MOST…..!!!!! NO EXPLANATION WHY..????

But again (Un-fortunately), we go by the technical charts and balance sheets to determine the price movements,….Rest everything is self-explanatory……………..

Black money in India

Black money in India: HSBC list has 628 names, top amount $18 mn

Appu Esthose Suresh | New Delhi | Updated: Oct 26 2014, 13:47 IST

Only about a fifth of the individuals or entities named in the so-called HSBC black money list on India of alleged foreign account holders have acknowledged their ownership of the accounts. These individuals or entities — 136 in number — have either paid, or are in the process of paying, penalties for concealing incomes.

The HSBC black money list contains names and holdings of individuals or entities with accounts in the Geneva branch of HSBC's Swiss subsidiary HSBC Private Bank. The information was stolen from the bank by a former employee on a particular day in 2006. The list was given to India by France in June 2011.

According to documents accessed by The Indian Express, the HSBC list contains names of 628 Indian individuals or entities. The Income Tax Department has so far found matches between names and addresses in 418 cases. In 282 of these cases, however, either the account number or the balance in the account is not available.

In general, the list contains four sets of information: name, address, account number and balance.

Of the 136 individuals or entities who have acknowledged the accounts, many have pleaded that they were not aware of their existence, but would pay the tax and penalty due, senior I-T officers involved in the investigation said. Many of these 136 accounts show zero balance.

The addresses against 12 of the 418 names in the list belong to Kolkata. However, only six have confirmed that the account belongs to them.

The highest amount in the list is $ 18 million, allegedly belonging to two top industrialists.

The most common surnames on the list are Mehta and Patel.

French authorities had secured the list from software technologist Hervé Falciani, who has been collaborating with several European countries tracking suspected tax evaders with accounts in Swiss banks. The list contains alleged account data on the date Falciani procured them.

The Indian Express was the first to report in August 2011 that the French had handed over to India the list of HSBC account holders of Indian origin. The government is in the process of sending a list of 50 names from the 136 to Swiss authorities to confirm the authenticity of the information.

http://www.financialexpress.com/news/black-money-in-india-hsbc-list-has-628-names-top-amount-18-mn/1301633

HISTORY REPEATS..JUST DO WAIT...!!!

I MISSED MY NIGHT SLEEP (IN 1991-95, I USED TO STUDY THE HARD COPIES OF CAPITAL MARKETS AND DALAL STREET…UPTO 3 AM,ONE DAY UPTO 5 AM…., NOW  SIMILAR SLEEPLESS STUDY…, I NEVER STUDIED MY CLASS BOOKS LIKE THIS…) DUE TO A SERIOUS SEACH FOR TINY STOCKS THAT CAN FETCH 500-1000% RISE IN FUTURE. THE SEARCH AND RESEARCH IS ON………… THE STORY OF MULTIBAGGERS IS A EVER RISING NOVEL STORY IN STOCK MARKETS…ONLY THING WE NEED TO DO IS JUST TRUST WHAT YOU THOUGHT IS RIGHT AND BELIEVE IN WHAT YOU IDENTIFIED/STUDIED……..…….

A SATISFACTION BUILT DISAPPOINTMENT OF MISSING INDOCOUNT INDUSTRIES WHICH I IDENTIFIED AT 7-9 NOW AT 144 A 18 MONTH HOLDING PERIOD, A 1500-2000% RETURN IS A PHENOMENAL CASE TO “BLOW ONE’S OWN TRUMPET”.

AT A SIMILAR TIME FRAME IDENTIFIED MORARJEE TEXTILE AT SAME 7-8 RUPEES NOW AT 44. I IDENTIFIED PHARMA AT 3 NOW AT 35 A 10 TIMES RISE..NOT ENJOYED…

SIMILARLY FINDING AND  I ENJOYED 700% RISE IN KM SUGAR BOUGHT AT 1 AND 1.35, NO OTHE SUGAR STOCK GAVE SUCH PHENOMENAL RETURN. I DOUBLED MONEY IN RANA SUGARS.

I BOUGHT BIRLA ERICSSON AT 10-12, NOW AT 65 LEVELS, SUGGESTED ALL TELECOM OPTIC FIBRE CABLE COMPANIES, WHICH GAVE 300 TO 500% RISE, WITH SOME CLOSE FRIENDS, I EVEN FOUGHT FOR THEIR INVESTMENTS IN THESE STOCKS.

AS A MATTER OF FACT, THIS RALLY HAVE GIVEN LIFE TO MANY TINY STOCKS, DORMANT FOR YEARS. AT THE SAME TIME THERE ARE MANY STOCKS THAT ARE AT THE SAME PRICE OR EVEN LOWER THAN TWO YEARS AGO.

SO, JUST TURN AROUND STORY, LIKE ARVIND AT 44 FOUR YEARS AGO NOW AT 240, PARTICIPATED BUT NO GREAT WAITING….

……….

THE LESSON IS SO SIMPLE THAT FIND OUT…KEEP ON INVESTING……SIT TIGHT WITH OUT DISTURBING THE HOLDING AT LEAST FOR 5-10 TIMES RISE.

………

FOR DAY TRADING..ALWAYS LIVE IN THE CURRENT TREND.... 

MAKE YOUR MARK FELT...STOCK MARKETS PERFORMANCE

PHENOMENAL RISE&HIGHs but A Denial for NOW….

The Indian markets have performed stupendously, like a race against all ODDs and against all emerging markets. We are the best performing Indices YTD or for the quarter. The Rise is so phenomenal that no-body expected but few could CASH the opportunity. Now many new entrants are making inquiries and many more are looking as a decent opportunity to make HUGE money to meet their DREAMS.

The fact is that, since January-14, Nifty rose by 20%, Mid-Caps by 30% and Small caps by 55%, some Individual stocks rose by 400-700% from their LOWs. The hype generated now is due to change in the Government, a market friendly team at the top. But the fact is that No-body could SELL the National property via LIBERALIZATION for no reason, nor for a simple cause. The National growth based on immediate requirements and will be judged by prioritising/striking a right balance between “NECESSITY & COMMERCIALIZATION”. The Future is GOOD as huge investments will take place and the results will come in due course of time.

As far as the Stock Markets rise is concerned, a dead cheap stocks are at a historic low was one of the major reasons for FIIs relentless investments. The Global markets are also encouraging and FREE Supply/HIGH Liquidity is driving the markets for NOW. Very few are working on the REAL worth for the paper but relying on the PROJECTIONS. The Nifty is POISED for touching 9000+ as experts are working on the next 3-year EARNINGS and P/E that could safely take us above the above said number. I am not pessimistic but play a realistic role for valuing the Available Opportunity. The main reason for Nifty may seek SOUTHWARD JOURNEY because of looming DROUGHT, Poor Investments made by the CORPORATES in the Preceding/Previous 2-3 years, so NO earnings Surprise by the top companies.

So, the scenario is GLOOM in the Short-term, however the POLICY push can give some bounce but for the next ONE year will be very challenging. The Nifty stocks are moving up but the UN-Winding is a concern. The rise from here may not be that much sharp or serious, from here 2-Ups and 4-5 Downs. Because the FUTURE is promising, on any DEEP cut/ steep fall BULLs take charge to make a comeback to take away the Retail Investors most of the STOP-LOSSES.

THE BLOOM and GLOOM story…..THE MOMENTUM IS HIGH….

THE NIFTY MAY TOUCH 8785-8850 RANGE; BUT VERY LIKELY, IN THE SHORT-TERM LOW MAY  TOUCH 7000, NO SURPRISE EVEN IF IT TOUCHES 6600-6400 RANGE

THE BANK-NIFTY MAY TOUCH 20100-22000 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 12500-800, NO SURPRISE EVEN IF IT TOUCHES 10100-10300 RANGE

THE RELIANCE MAY TOUCH 1450-1550 RANGE;IN THE SHORT-TERM LOW MAY  TOUCH 801-811, NO SURPRISE EVEN IF IT TOUCHES 759-736 RANGE

THE ONGC MAY TOUCH 620-650 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 311-321, NO SURPRISE EVEN IF IT TOUCHES 270 RANGE

THE SBI MAY TOUCH 3850-3950 RANGE, IN THE SHORT-TERM LOW MAY  TOUCH 1920-1950, NO SURPRISE EVEN IF IT TOUCHES 1450-1430 RANGE

THE ICICI MAY TOUCH 2130-2080 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 1180-1220, NO SURPRISE EVEN IF IT TOUCHES 970-950 RANGE

THE RELCAPITAL MAY TOUCH 950-1050 RANGE;IN THE SHORT-TERM LOW MAY  TOUCH 440-415, NO SURPRISE EVEN IF IT TOUCHES 330 RANGE

THE RELINFRA MAY TOUCH 1080-1150 RANGE; IN THE SHORT-TERM LOW MAY  TOUCH 520-540, NO SURPRISE EVEN IF IT TOUCHES 440 RANGE

WE CAN EXTEND AND READ MORE NUMBERS… BUT THE DENIAL IS RIDING HIGH EVEN IN MY MIND…

PLS DON’T BUY NOW UNTIL NIFTY TOUCHES 7250-80 RANGE, BUT THE ACTUAL BUYING IN QUALITY STOCKS SHALL EMERGE FROM 7000 ONLY. THOSE WHO ARE COMPULSIVE, SHALL TAKE A STOPLOSS ROUTE RATHER THAN HOLDING FOR LONGER…THW WAIT MAY BE 3 YEARS…!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

MARKET ECONOMY....JUST ELIMINATE....

US FDIC sues major banks over Libor manipulation

PTI

NEW YORK, MARCH 15:  

The US Federal Deposit Insurance Corporation has sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights for manipulation of the Libor benchmark interest rate.

The regulator said the manipulation caused “substantial losses” to 38 US banks which were shut down due to insolvency during and after the 2008 financial crisis.

The FDIC said the accused institutions cheated the closed banks in US dollar Libor-based swap and other agreements through the manipulation of the rate between 2007 and 2011.

Libor, or the London Interbank Offered Rate, is used as a reference for some USD 350 trillion worth of financial contracts worldwide, from corporate loans to financial swap contracts.

“The Panel Bank Defendants fraudulently and collusively suppressed USD Libor, and they did so to their advantage,” the suit said.

The banks named are, or were, participants in setting the daily Libor rate: Bank of America, Citigroup, and JPMorgan Chase of the United States, Germany’s Deutsche Bank and WestLB, Britain’s HSBC, Barclays and Lloyds banks, Japan’s Norinchukin Bank and Bank of Tokyo—Mitsubishi, Credit Suisse and UBS of Switzerland, Royal Bank of Scotland, Royal Bank of Canada, and Rabobank of the Netherlands.

Several of the banks have already paid substantial fines to regulators and justice authorities in the United States and Europe for participating in rate-fixing.

Also sued was the British Bankers’ Association, which at the time oversaw the daily fixing of Libor by the banks.

“BBA participated in the alleged scheme to protect the revenue stream it generated from selling Libor licenses and to appease the Panel Bank Defendants that were members of the BBA,” it said.

The FDIC said it was seeking full damages for losses incurred by the closed banks, punitive damages, and damages for violating US antitrust statutes.

(This article was published on March 15, 2014)

http://www.thehindubusinessline.com/news/international/us-fdic-sues-major-banks-over-libor-manipulation/article5787653.ece