MARKET VIEW 10 OCTOBER 2008

Hello,

Nifty Chart indicates a short term technical bounce from current levels. As updated by sms & previous posts that if we break below 3800 then we may even test 3600 - 3400 levels. Nifty made intra day low of 3329 & managed to close above 3500.

If Nifty consolidates at current levels for few days then it may gather more momemtum for sharp run up. In markets we can see now that Distress selling has been happening as lack of buyers available, so the stocks are more hammered as due to losses made by foreign cos they need to sell holding's in India to generate liquidty. So worldwide selling is happening in all major markets.

Many world markets hace reached important levels from where they can get some bounce after so much hammers. Recently many World banks have cut Interest rates to boost liquidity in the system & some Central banks have even come up with some bail out packages before anything happens to their money markets.

Basically this is good sign in the near for many financial markets, before few months we have lot many -ve news in the markets like Crude rising, Inflation rising, Subprime etccccc But all these -ve news are being discounted now in the markets & also Crude has fallen, inflation easing, Bailout packages out , N deal signed, so all this are +ve signs for the markets in the days & months to come. It will take some time but things wil be normal soon.

Also above all Sebi has relieved P notes norms which people say was a serious cause of disaster & unwindings happened since last year October month, this year is October month again & NW WIL MARKETS RECOVER THIS MONTH OR NEXT MONTH, JOIN OUR PREMIUM CALLS SERVICES AS OUR CLIENTS KNOW IT !!!!!!!!!!

Another view : Gap theory says that markets can test 10200 & 9400 for sensex on downside.

A GOOD QUOTE : Your Friends told U to invest in Stock markets 4 ur old age,It worked wonderfully last year, within a year U look like old man, Now Try our Premium Calls Services to regain UR youth & money back.

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THE REALITY BEHIND FII (Foolishing Indians in India)

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort.

He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50."

The villagers squeezed up with all their savings and bought all the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!!!

This is the What FII's Did with Indians ??????????

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Be proud tht India has state like Gujarat & Leader like Mr. Narendra Modi ( A leader not Politician )

GUJARAT IN NEWS

World's Cheapest Car TATA"s NANO will be manufactured in GUJARAT & distrubuted in India & across d World.

According to the August 8 report of the National Council of Applied Economic Research, the richest city in India is now Surat , ahead of Bangaloreand Madras , with an average annual household income of Rs0.45 million (over$11,000 per year). 80 per cent of all diamonds sold anywhere in the world arepolished in Surat 's 10,000 diamond units.

The only non-Jews in the Tel Aviv and Jerusalem diamond bourse areGujjus.Between 2004-5 and 2007-8 Surat 's middle class doubled in size and itspoor reduced by a third.

The fifth richest city in India is now Ahmedabad, ahead of Bombay andDelhi , and miles ahead of Calcutta .

The percentage of man-days lost in Gujarat due tolabour unrest is 0.42 per cent, the lowest in India . Of Gujarat 's 18,048 villages, 17,940 have electricity.Under Chief Minister Modi, the face of industrial Gujarat is changing.

The world's largest oil refinery is coming up in Jamnagar . Owned by Reliance,it already refines 660,000 barrels of oil a day and will double that this year.

Thirty per cent of India 's cotton is grown in Gujarat , 40 per cent ofIndia 's art-silk is manufactured in Surat , employing 0.7 million people.

The world's third largest denim manufacturer is Ahmedabad's Arvind Mills.

A KPMG report says 40 per cent of India 's pharmacyindustry is based in Gujarat with companies like Torrent, Zydus Cadila, Alembic,Dishman and Sun Pharma.

The state of Gujarat's GDP has been growing at 12 per cent a year for the last 12 years, as fast as China 's.

India 's wealthiest man, Mukesh Ambani of Reliance, is Gujarati. Forbes says he is the world's fifth richest man, worth $43 billion.

Azim Premji of Wipro, is Gujarati. He is the world's21st richest man, worth $17 billion.

Ten of the 25 richest Indians are Gujarati.Some of the best business communities in India -- Parsis,Jains, Memons, Banias, Khojas and Bohras -- speak Gujarati.

The two great leaders of the subcontinent, the Mahatma andthe Quaid, were both Gujaratis from trading communities. One a Bania, the other a Khoja.

Gujaratis number 55 million, five per cent of India 'spopulation living on six per cent of surface area, but hold 30 per cent of allIndian stock.

Gujaratis account for 16 per cent of all Indian exports and 17per cent of GDP.

JAI GUJARAT - JAI BHARAT MATA KI!

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Don't quit; persist and be patient

Anyone who undertakes a venture in any field of human excellence is bound to face not merely difficulties but often also frustration and even ridicule or lack of support, extending itself to a situation of his not even being noticed, let alone being approved. He, who having undertaken this journey after having analytically comprehended his true capacities and talents in the chosen field, would find strength from these lines of the poem Don't Quit: "When things go wrong, as they sometimes will,When the road you're trudging seems all up hill,When the funds are low and the debts are high,And you want to smile, but you have to sigh,Rest, if you must — but don't quit".

Indeed tough times don't last but tough people do. Failures and repeated failures, besides instances of discouragement and repeated discouragement, should be met with repeated attempts and renewed courage. This concept is epitomised by the incident concerning king Robert Bruce, who after many defeats in war, on observing a spider repeatedly attempting to make its web till it succeeded, recoups and marshals his forces again for the final and successful battle. These lines of 'Don't Quit' are, thus, doubtless not mere theoretical rhetoric: "Don't give up, though the pace seems slow - You might succeed with another blow".

The intelligent seeker would also see through the vain boasts of the shallow and the overconfident. He would realise the force in Henry Thoreau's observation: "The mass of men lead lives of quiet desperation". It is a pity that, very often, even the intelligent are overawed by sheer glitter and make-believe, as were the many terrified onlookers, in that didactic story, who stood rooted 'appreciating' the 'thin' robes of the 'king emperor', until a mere child exclaimed, "Why is the emperor naked?"


Not seeing any light at the end of what may appear an unending tunnel, the truly courageous would know how, as noted by the poem, often "success is failure turned inside out" and about those tragic cases where "often the struggler has given up When he might have captured the victor's cup And he learned too late, when the night slipped down,How close he was to the golden crown". The path to excellence is indeed, as difficult to pass over as a razor's edge. Truly, the message for the doubting, yet true seeker, would be, "Don't ever quit"!


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Can we bounce back AGAIN ?

Hello Readers / Visitors,

We are back from where we started at 19 Sept'2008 as updated in our previous posts weekly charts.

Today we have updated Nifty daily charts which shows the Trendline from where we bounced last 2 times. This is the third time Markets are testing this trendline support, if we manage to sustain this levels then we can again see Nifty testing 4200 - 4400 levels in days to come else we can test previous double bottom support at 3800 levels else even lower.

Basically markets are waiting for some big news for moving up of Nuke deal, if it does then we can see pull back. In short we can say MAKE or BREAK situations for markets.

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NEW $1

Hello Readers / Visitors ,

This is just imaginary view of new photographic $ after subprime & bankruptcy in United states.

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BIGGer bull run yet to come: Rakesh Jhunjhunwala

Rakesh Jhunjhunwala is India’s most successful investors; one of the stock market’s most successful stories. The sometimes maverick, often mercurial but always a respected voice. He is a wealth creator and a man who anyone who enters the stock market wants to be.

Here is a verbatim transcript of Investor and Trader, Rakesh Jhunjhunwala' s exclusive interview with Mitali Mukherjee on CNBC TV18's Wealth Creators show. Also watch the accompanying video.

http://www.moneycontrol.com/mccode/news/article/news_article.php?autono=356959

Source : CNBC-TV18

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