I found this in bloomberg website which tracks steel companies in europe.
Brief description of this index :
The Bloomberg Europe Steel Index is a capitalization-weighted index of all companies involved in the steel sector of the Bloomberg Europe 500 Index. The index was developed with a base value of 100 as of December 31, 1996. The parent index is BE500.
http://www.bloomberg.com/apps/cbuilder?ticker1=TPIRON%3AIND
Now what we can do is if this can give any clue to metal companies which are trading in india , hope i will track this index with the steel sector in india and will publish in another post
Tuesday, April 20, 2010
Todays Pick
Today i bought birla power solutions for long term hoping that it will go ahead with its fund raising plan and improves the business by investing in solar energy in coming years...Will be Tracking this closely in coming days and will post more about solar energy and its future in india and in particular Birla Power Solutions
Disclaimer:
These are my picks and that and you are solely responsible if u take any position based on the posts over here :)
Attention:
I know that i am making simple grammatical mistakes and am trying hard to eliminate them and incase if reader finds any please excuse me
Disclaimer:
These are my picks and that and you are solely responsible if u take any position based on the posts over here :)
Attention:
I know that i am making simple grammatical mistakes and am trying hard to eliminate them and incase if reader finds any please excuse me
Musings of Options Trading
Date :20-04-2010
Place: Office Desk
As the Readers(if any) know that am jobless today also...so i kept my hands on options. It started from 8.45 am when i switched on my mini and started seeing the news channel. Gentlemen over there in white shirt and Red tie was telling that NIFTY will be in range bound... hahaha...wow..we got to know that nifty now 5200 will be in range bound from 4900 to 5450 from this guy...hehe ....thats +_5%..any lame person who sees market movement can tell this..whats the big deal...this is how i thought after hearing that from a guy of well known brokerage firm..
Today is special day coz many people are coming in this news channel with a white shirt and red,black,green etc TIE and shouting in there microphone that market direction in shortterm will be decided by the RBI monetary policy which is going to come later in the day...(by the time i wrote this..already they announced the policy , will talk on that later...) Now i also know this and closed all my positions in options the other day...coz anything can happen after the announcement .
BTW am watching CNBC news channel over web...and Udyain i guess he is the main reader.he looked very smart form my observation on his knowledge about different sectors and wide indepth analysis of questions he asks the speakers . i cam to know that rbi policy will be around 11.15 am ..and was watching the market trend as it approaches 11 ....and its unable to break 5225...for quite some time..so i bought nifty 5200 put at 55 and waited for the rbi announcement....even though many speakers said that RBI will go for normal hike of 25 bps..in expectations of market...but some how i was not convinced by that..and was expecting RBI to make some tougher stand of going for 50 bps..coz of the inflation and run up of metal ,oil prices..some how it didn't happen..i guess RBI were under different assumption(May be of uncertainty of monsoon and growth in private demand)..
The announcement of policy was taken in positive way and market reacted by jumping 30 points instantly and premium went to 40 rs ...so am on loss of 750 rs.(MTM..Market to Market)....l was bit disspointed coz intially i placed order at 40 and later changed it to 55...so a bit disappointed coz i missed that oppourtinity..anyway its over..so went to office..and from there..i did watch nifty for some time..and it was finding difficult to break 5250 and again i went for another lot nifty 5200 put for around 41 rs...in a matter of few mins...market started feeling the pressure and it dropped..a few points..and due to volatility premium again went back to 56 ..after drop of 20 points..to 5235...so i squared of here..for 56 rs and got a profit of 750 Rs and my second lot....now market at end of day is not going down..and struggling to go up or down..and i placed nifty 5300 call for 25 rs and got executed and later in day it went to 30..but still i didnt squared it off...
I hold 5200 put and 5300 call for now...just that i don't want to square 5200 for now..
hope market opens in Green in morning...so that i will square my call and again buy at lower price...
Thats all for now..c ya again later
PS: Office Desk is my IT Company Office Desk
Place: Office Desk
As the Readers(if any) know that am jobless today also...so i kept my hands on options. It started from 8.45 am when i switched on my mini and started seeing the news channel. Gentlemen over there in white shirt and Red tie was telling that NIFTY will be in range bound... hahaha...wow..we got to know that nifty now 5200 will be in range bound from 4900 to 5450 from this guy...hehe ....thats +_5%..any lame person who sees market movement can tell this..whats the big deal...this is how i thought after hearing that from a guy of well known brokerage firm..
Today is special day coz many people are coming in this news channel with a white shirt and red,black,green etc TIE and shouting in there microphone that market direction in shortterm will be decided by the RBI monetary policy which is going to come later in the day...(by the time i wrote this..already they announced the policy , will talk on that later...) Now i also know this and closed all my positions in options the other day...coz anything can happen after the announcement .
BTW am watching CNBC news channel over web...and Udyain i guess he is the main reader.he looked very smart form my observation on his knowledge about different sectors and wide indepth analysis of questions he asks the speakers . i cam to know that rbi policy will be around 11.15 am ..and was watching the market trend as it approaches 11 ....and its unable to break 5225...for quite some time..so i bought nifty 5200 put at 55 and waited for the rbi announcement....even though many speakers said that RBI will go for normal hike of 25 bps..in expectations of market...but some how i was not convinced by that..and was expecting RBI to make some tougher stand of going for 50 bps..coz of the inflation and run up of metal ,oil prices..some how it didn't happen..i guess RBI were under different assumption(May be of uncertainty of monsoon and growth in private demand)..
The announcement of policy was taken in positive way and market reacted by jumping 30 points instantly and premium went to 40 rs ...so am on loss of 750 rs.(MTM..Market to Market)....l was bit disspointed coz intially i placed order at 40 and later changed it to 55...so a bit disappointed coz i missed that oppourtinity..anyway its over..so went to office..and from there..i did watch nifty for some time..and it was finding difficult to break 5250 and again i went for another lot nifty 5200 put for around 41 rs...in a matter of few mins...market started feeling the pressure and it dropped..a few points..and due to volatility premium again went back to 56 ..after drop of 20 points..to 5235...so i squared of here..for 56 rs and got a profit of 750 Rs and my second lot....now market at end of day is not going down..and struggling to go up or down..and i placed nifty 5300 call for 25 rs and got executed and later in day it went to 30..but still i didnt squared it off...
I hold 5200 put and 5300 call for now...just that i don't want to square 5200 for now..
hope market opens in Green in morning...so that i will square my call and again buy at lower price...
Thats all for now..c ya again later
PS: Office Desk is my IT Company Office Desk
Monday, April 19, 2010
Watch List
Posting these stocks over here so that i want to keep track of it .
| Texmo Pipes & Products Ltd. | 72 |
| Indage Vintners Ltd. | 37 |
| Blue Bird (India) Lt | 17 |
| PVP Ventures Ltd. | 17 |
- texmo came up with IPO and failed at box office..Need to see the business model of this company which entered into industry which has high competition
- Indage is wine making company and the promoters instead of making wine and selling it to us themselves consumed it inturn there balance sheet went into red
- Fell from 600 levels to 40+ levels
- BlueBird india is into printing books and in the world of digitization they don't have a back up business plan and started getting less orders
- Fell from 60+ levels to 15+
- PVP Ventures is by a NRI business man who had a large properties in and around chennai, This guy has a uncanny ability of picking companies at low valuation and improving the business and sells at high value( example is Aircel..which is well used in South india)
- Fell from 70+ to 20+ levels
Saturday, April 17, 2010
GoldMan Sachs Credibility at Risk
I always belived that if some one losses money then there is always some one to gain it.
Say on particular Transaction if make a bet then you should be knowing of risks involved in it .i think
bettiing is not the right word here but still i use it cause thats how its frameworked .Anyway lets carry on..Betting in markets means u go by certain rules ..which if violated mean that we are cheated..thats exactly what happened with Goldman Sachs and its facing a serious crisis and its credibility is at stake.
Now people will suspect of any transaction or product it makes...
they might go for head of Blankfein
God Bless Goldman
More can be found at this location
http://www.sec.gov/litigation/litreleases/2010/lr21489.htm
Say on particular Transaction if make a bet then you should be knowing of risks involved in it .i think
bettiing is not the right word here but still i use it cause thats how its frameworked .Anyway lets carry on..Betting in markets means u go by certain rules ..which if violated mean that we are cheated..thats exactly what happened with Goldman Sachs and its facing a serious crisis and its credibility is at stake.
Now people will suspect of any transaction or product it makes...
they might go for head of Blankfein
God Bless Goldman
More can be found at this location
http://www.sec.gov/litigation/litreleases/2010/lr21489.htm
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