NIFTY FIFTY

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AMITBE,

i never read your posts before, and your posts about FII's hot dogs, smart money is very true. a lot of people do not understand.

As a programmer i worked in different countries in big financial organisations like CLSA in hongkong and JPM in US. While i got an interview and S&P in new york, i did not get the job there. so missed S&P on my resume by a small margin.

The resources, experience and the sophistication of these FII's can not be matched by indian firms. Our maiden private sector bank , ICICI trying to do business globally has proved it by incurring losses out of india. There is not 1% chance that our banks will make profit from these FII's. These companies are so professional, sophisticated and shrewd that they will get out of every country profitably and leave the respective countries economies in pathetic state. one can study latin america, indonesia etc.

i am very skeptical about the expertise and the sophistication of the people at RBI and finance ministry. I am always of the view that if our DII's( govt owned and private owned) try to support the market , then FII's will move out profitably so that people invested in DII's will take the loss at a later date.

The best way would be for the DII's to stop buying, so and allow the market to settle at a stable range even if it is 6000. this will trap the FII's to exit profitably and outflow of money will be minimized. but everyone will see a paper loss on their brokerage accounts.

if they support the market, then FII's will sell profitably and there will be a large outflow of REAL MONEY, while paper losses on brokerage will be minimized, DII will show these losses 2-3 yrs later.

Financial services is a sophisticated and shrewd area , innocents will be butchered. a fool and his money are seperated very fast. i am hoping that our government and authorities take wise and shrewd decisions.
 

karthikmarar

Well-Known Member
There was a time when the first thing I looked at after getting on to the net in the morning was to look at Nifty Fifty. Then things changed and the number of visits to the forum dwindled. The number of threads I looked at also dwindled. Then there was a time when I felt that the forum had hit the bottom. A time when Tipsters and Swamis and Devs were abundant. The only thing missing was the agony aunt.

Like the stock markets forums too seem to go through cycles. Now Saint is back in full swing and now with Amit also back gearing up to forge ahead it is definitely start of bullish period for the forum. Amits first post in VSA terms is a clear Efforts to Rise Bar .

It is time to get back to my old habits again.open the day with Nifty Fifty
 

pakatil

Well-Known Member
Financial services is a sophisticated and shrewd area , innocents will be butchered. a fool and his money are seperated very fast. i am hoping that our government and authorities take wise and shrewd decisions.
Well we the dumb fools have suffered huge losses. Still we are the in the game, hoping for a better tomorrow. :)

These guys with all their ingenuity, sophistictation, unlimited resources & what not have achieved unthinkable. They have brought down all the Historical Institutions ( 50/100 yrs or more). The whole system is shivering. It looks as though, there is no tomorrow.

An Incredible Achievment. :D

Cheers
 

AMITBE

Well-Known Member
Thanks Saint, Czar, Ashish, PK, Adil, Karthik, raosrinivas, pakatil for your kind words and feedback.

It's nice to see the old timers again at this thread after such a long break...that's my break of course. :)

Will try and post regularly.
 

AMITBE

Well-Known Member
Some random thoughts on Nationlisation.

All along, as far back as we have known it, the good things of life have always been reserved for the rich and the ruling class.
They, who alone had entitlement to splendor and grandeur which could be obtained through Capital with a capital C, had after all, even more good fortune coming their way:
Nationalisation. Yes, Nationalisation, that heinous and draconian hangover of the laggards and losers, that abomination so typical of backwardness, that loathsome smelly blotch thats so contrary to the spirit of freedom of Capital.

All along, as far as we have known it, the wretched of the earth have always remained the wretched of the earth.

Ironically, this gift of Nationalisation would come on account of the Subprime, this hitherto unknown virus, more vicious in its devastation than HIV kind of bugs.
While the little doggie-homes fell unnoticed, youd never have imagined they would eventually bring down the colossal doghouses with a thunderous and fearsome crash. Thats how toxic this newly discovered virus would prove to be.

In a final perverse blow, the wretched of the earth who were discovered to be the carriers of that deathly Subprime virus, those who were excluded from the free Capital grab, were now abruptly included in the mother of all bailouts.
Nationalisation, the immorality and the evil of the socialist governance, was now going to be, in that climactic scene, the salvation of by now a stinking heap of Capitalist excreta: Toxic Assets.

All of the above is well known to all here, but hey, I need to get some writing practice, ok!?

Will try to post some levels later.
 

AMITBE

Well-Known Member
I'm going to attempt some Nifty Futures levels and for now mainly for intraday.
Sometime soon will be looking at longer ranges.

For now:

Below 3412 there is weakness to 3372 and even 3360.

Above 3441-3448 is stronger to 3457 to 3464-3477.

3497...too far...but it's there.
 

AMITBE

Well-Known Member
I'm going to attempt some Nifty Futures levels and for now mainly for intraday.
Sometime soon will be looking at longer ranges.

For now:

Below 3412 there is weakness to 3372 and even 3360.

Above 3441-3448 is stronger to 3457 to 3464-3477.

3497...too far...but it's there.


The problem here is, unless those 3464-3477 levels at least are retested, this surge is likely to flop as a false move sooner than later.

Trading around 3510 now.
 
C

Czar

Guest
completely agree infact was thinking the same. But chances are tomorrow may be the day to do that and also get the daily pullback
 
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