ALL A DEAD CAT BOUNCE....??

 

 FROM AN EXPERIENCE

From the beginning of time the most successful individuals have had 

a common thread of applying wisdom to every action they attempt.

They learn from what they have tried to do before and then apply the 

knowledge they have learned to their next endeavor.

As a trader, we each need to stretch ourselves to new horizons; 

however we need to focus on our wisdom “account balance”.

If it is too low, we can make some disastrous decisions that can 

cost us a lot of money or potential profit.

As it grows, we make good decisions, from a confident foundation 

and then we begin to acquire the rewards that assist us in receiving

wealth and then seeing the freedom we all desire to have in our life.

  

Each of us has a comfort zone. That area where everything seems 

to work like we desire, stress is almost non-existent and we can basically move forward with our eyes closed and not worry.

This might sound like the best way to trade, however, if we never 

strive to grow, to adjust, to refine to get better, we will actually fade away and regress instead of remaining comfortable.

It is a challenge to try new things because once we step outside of the area where we know 100% what we are doing, we will experience nervousness, mistakes, criticism, stress and more.

There is also a great amount of success awaiting those who will step 

forward and grow. Once we move outside of our comfort zone and 

enhance our trading skills, increase our trading, add to our strategies,

etc. we will soon grow into these new skills and environments and in a very short amount of time, this will be our new comfort zone 

which will be the reward for moving forward instead of sitting still.

Remember… everything is difficult before it becomes easy.

                                                                                           (to be contd)

SPOT NIFTY VIEWS (MEDIUM TERM)

(IF & ONLY IF)-2 consecutive closes above 5342 

and one close above 5400 zooms Nifty to 5721 and 

even more - NO DOUBT

A VERY IMPORTANT SUPPORT @ 4720

ACCORDING TO MONTHLY CHART

In the month of FEB2012, without breaking 4720 if SPOT exist above 5400 no doubt INDEX would kiss 6100

Suppose before FEB2012 if cuts 4720 and a monthly close occurs below the 4758 too, watch again a bloody market atleast upto 4300 and after that upto

3815

A VERY IMPORTANT RESISTANCE THIS WEEK @ 5280

This week bulls run is possible upto 5068 

and a close above 5069 leads NF upto 

5116-35-48-67 & 5204-55 & 5275 @ the MAXIMUM

Intraday Break Outs and Targets of 

NFUTURES

Overall Resistance @ 5068 
Resistances today @ 4968 - 5003 
Supports today @ 4868

If sustains above 4915 for 15 minutes, a trek upto

4955-67 is very much possible 
If stands for 5 minutes above 4969 see more hike upto 5002

Suppose if trades below 4906 for 10 minutes 
see a non-stop slide upto 4877-68 

Also Sell ARRSInfra, JSWSteel & Sesagoa on rise 

(Ofcourse...... exact entry,exit points and timing strategies-

exclusive to the subscribers)

 
We don't have to write again and again 

we reach the target exactly always (as mentioned in pre-market hours in the very same space) 

in NIFTY and individual scrips- it's been proved 1000 times

LME WAREHOUSES IN US OVERLOADED WITH METAL

Long-vacant New Orleans warehouses are bursting with metals such as copper, lead, aluminum and zinc as manufacturing slows down with the economy. The stockpiles that are accumulating are good news for owners of local warehouses, but the trend has touched off a rare scramble for specialized warehouses in certain parts of the metro area. 

New Orleans is now the second-largest London Metal Exchange site in the country behind Detroit, according to the exchange, and has more copper, zinc and steel in storage than any other place in the United States. 
With the global economic slump continuing for longer than anyone imagined, metals are now piling up in the 53 New Orleans-area warehouses certified with the London Metal Exchange because they’re not needed around the world for manufacturing.
Kevin Kelly, owner of Port Cargo Service, a metals warehousing business, said it may take years to run down supplies. He says the city is running out of suitable warehouse space.
“We’re probably close to 98 percent occupancy, which is the best ever,” Kelly said. “I’m considering buying property and building warehouses if I can find good land to build it on.”
The metal has sopped up lots of space in New Orleans area warehouses. Warehouses that sat empty for years between Jackson Avenue and downtown are full of it. And because the London Metal Exchange only allows metal to be stored on the east bank of Orleans, Jefferson and St. Bernard parishes in areas close to the Mississippi River and rail lines, warehouse owners like Kelly are booting tenants from Elmwood to make room for the lucrative metals business, sending many movie production companies that occupied those east bank warehouses over the Huey P. Long to the West Bank

KEISER REPORT 

 

RELIANCE BID REJECTED ..??

ECS in its recommendations, which would go to the Cabinet Committee on Economic Affairs (CCEA), opined that RIL should not be awarded these two blocks

Well known to the 'Insiders'??

On NOV 17 stock 

crashed by 5%  !!

Think it over.

A high-level panel of secretaries has recommended rejecting bids 

by Reliance Industries and state-owned 

Oil and Natural Gas Corp (ONGC) for the Andaman sea block 

as they had offered “very low” profit share to the government.

RIL, which had bid for six out of the 34 areas offered for exploration under the ninth auction round of New Exploration Licensing Policy (NELP) earlier this year, was ranked number one for the Andaman deepsea blocks, AN-DWN-2010/3 and AN-DWN-2010/4, ahead of a consortia of ONGC and Oil India Ltd.
An Empowered Committee of Secretaries, which reviewed the bids recently, felt that 10.95 per cent profit share offered by RIL was less than benchmark 15 per cent and therefore was deemed very low, sources privy to the deliberations said.
The panel had gave the same opinion on ONGC’s 6.7 per cent profit share offer for two other Andaman Sea block – AN-DWN-2010/1 and AN-DWN-2010/2, where it was the sole bidder. It also wanted the bid by a consortium of ONGC-OIL and GAIL for deepsea block GS-DWN-2010/1 and that of ONGC-OIL-BPRL for Kerala-Konkan deepwater block KK-DWN-2010/1 also rejected as they offered very low profit share.
RIL lost out to lesser known companies on the four Gujarat and Rajasthan onland blocks it had bid for.
Sources said ECS recommended award of only 14 out of the 33 blocks that had received bids. Of the 33 blocks, three in Mahanadi basin off the Orissa coast were to be shelved as they fell in Naval firing/exercise areas.
The panel recommended award of two shallow water and two onland blocks to consortia led by ONGC. State-owned OIL led consortia was adjudged winner for two onland blocks in the Assam-Arakan basin. Deep Energy walked away with two Cambay basin blocks while Focus Energy beat RIL to bag an area in Rajasthan.
The remaining five blocks were recommended for award to companies like Sankalp Oil and Natural Resources, Pratibha Oil and Natural Gas Pvt Ltd and Pan India Consultants.
The government had offered eight deepsea blocks, seven shallow water areas and 19 onland blocks for bidding in NELP-IX. One shallow water block did not receive any bid at the close of bidding on March 28.
The ECS recommended rejection of single bids for eight blocks where profit petroleum offered to the government ranged betwen 6.6 to 6.7 per cent.
It sought assessment of networth of top bidder for three blocks in Cambay and Rajasthan before awarding them.




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