'Support levels have been broken'
Ramesh S Damani thinks the next bext support levels for the Sensex are around 3250-3400.
Mr Ramesh Damani (Wed Oct 18 19100 5:56 IST)
Hello everyone thanks for joining in
Balasubramaniam (Wed Oct 18 19100 5:39 IST)
What is the support level for the sensex
Mr Ramesh Damani (Wed Oct 18 19100 5:57 IST)
bala - support levels have been broken. Bext one is at 3250-3400
rahulg (Wed Oct 18 19100 5:56 IST)
Sierra Optima Ltd has registered 113% rise in net profit to Rs 26.90 mn (Rs 12.62 mn) for the quarter ended September 30, 2000. Net sales during the period under review increased to Rs 90.18 mn (Rs 40.30 mn). Other income has increased to Rs 1.45 mn (Rs 0.14 mn).
Mr Ramesh Damani (Wed Oct 18 19100 5:58 IST)
rahulg- despite good results I would avoid it at this time
vishal (Wed Oct 18 19100 5:41 IST)
Stocks are falling in a manner as if they have no bottom.
Mr Ramesh Damani (Wed Oct 18 19100 6:3 IST)
vishal -i share your desperation. Unfortunately, the market is not a one way ticket to riches
vishal (Wed Oct 18 19100 6:3 IST)
WHO WILL BELL THE CAT ???
Mr Ramesh Damani (Wed Oct 18 19100 6:6 IST)
vishal - try Arun Bajoria
bhuvanaravi (Wed Oct 18 19100 6:0 IST)
where are the markets heading
Mr Ramesh Damani (Wed Oct 18 19100 6:7 IST)
bhuvana - market is likely to go down tomorrow. If it does not rally we are in trouble.
vishal (Wed Oct 18 19100 6:6 IST)
Mr damani --- what is your worst sensex predictions.
Mr Ramesh Damani (Wed Oct 18 19100 6:9 IST)
vishal - we are at it. I can't see it breaking 2800 at any cost. However market should hold soon.
vishal (Wed Oct 18 19100 6:5 IST)
I DO NOT TRADE BUT I FEEL PEOPLE LIKE MEDIA AND ANALYSTS HAVE GRIPPED THE MARKET.
Mr Ramesh Damani (Wed Oct 18 19100 6:10 IST)
vishal - the market like water seeks its level. Let's not blame the media
rahulg (Wed Oct 18 19100 6:10 IST)
hfcl Recommended Action BUY Initiation Price Range Rs 990 - Rs 1000 Stop Loss Rs 960 Book Profit Rs 1150 Estimated Holding Time 5 Days
Mr Ramesh Damani (Wed Oct 18 19100 6:11 IST)
rahulg - I am not enthusiastic about HFCL. Be careful.
vishal (Wed Oct 18 19100 6:10 IST)
Mr Damani --- in case microsoft comes out with better than the expected results ...Will u find some intrested buying at nasdaq
Mr Ramesh Damani (Wed Oct 18 19100 6:15 IST)
vishal = Nasdaq is going to be close to 3000 and Dow below 10000 at the opening
bhuvanaravi (Wed Oct 18 19100 6:14 IST)
can i get a reply sir.
Mr Ramesh Damani (Wed Oct 18 19100 6:16 IST)
bhuvana - see earlier answers
vishal (Wed Oct 18 19100 6:16 IST)
Me Damani ---- what is making u so uncomfortable with HFCL.
Mr Ramesh Damani (Wed Oct 18 19100 6:18 IST)
vishal - calculate the market cap of the company. It can't be sustained at that level. Can you tell me what is unique about them
vishal (Wed Oct 18 19100 6:18 IST)
Mr Damani ---- what is the true story of janus fund and i heard fund managers are quite nervous with his redemtion pressure.
Mr Ramesh Damani (Wed Oct 18 19100 6:21 IST)
vishal - janus has faced some negative outflow for the first time in 3 years
rahulg (Wed Oct 18 19100 6:19 IST)
on global tele r u positive with equity now at 71cr
Mr Ramesh Damani (Wed Oct 18 19100 6:22 IST)
rahul not on global also. Looks vulnerable
rahulg (Wed Oct 18 19100 6:22 IST)
rsdfinance -- what happened??
Mr Ramesh Damani (Wed Oct 18 19100 6:23 IST)
rahul - finance sites are not going to be popular. Huh??
vishal (Wed Oct 18 19100 6:25 IST)
What do you feel about the forthcoming MSCI index Mr Damani?
Mr Ramesh Damani (Wed Oct 18 19100 6:27 IST)
vishal - it will lead to selling pressure as stocks will be underweighted. Thanks for joining in. Stay Dry.
Money
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