This page is an open forum to discuss about the short term and long term market strategies, which stock to buy which not to buy. I hope both the readers and I have monetary gains and share their tips/hunch here 
The previous comments are archived and I have also started an experimental page about Trading Calls.
As on 1st June 2008, I have an unrealized loss of 94,104/- (Oldest stock being purchased on 12th Feb)
My current portfolio consists of:
| no. | Stock | no of shares | Remarks |
|---|---|---|---|
| 1. | Reliance Industries | 75 | evergreen stock @2450/- |
| 2. | Gujurat Ambuja Cement | 190 | @96. looks like it had taken more than expected beating. |
| 3. | Alok Textiles | 500 | @62 Low PE, textile sector leader |
| 4. | ICICI Bank | 150 | long term buy @1023/- |
| 5. | Tata Motors | 50 | @615/- long term buy with the hope that Nano and the Rover/Jaguar acquisition is a success. |
| 6. | ICICI 10% bonds | 10 | 10 year FD |
| 7. | Kesoram Industries | 200 | @404/- PE of 5 |
| 8. | OPT-NIFTY-26-Mar-2009-4300-PE | -150 | I am bullish about indian market |
| 9. | Su-Raj Diamonds | 1000 | @60/- Good PE, healthy cash reserves and track record. waiting it to reach 100 mark |
| 10. | EDECAP | 60 | @808, future looks promising. |
| 11. | Morgan Stanley Growth Fund | 2875 | @65/- 5% discount from NAV, Used to treat it as a index fund. |
| 12. | Saamaya Biotech | 4000 | @13/- Like their model of contracting + waiting for the plant to be operational and hence unlock its true value |
| 13. | Franklin Templeton Tax Saver Fund | 4662 | Income Tax |
| 14. | |||
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| 20. |
IPOs i have recently applied to/will apply
1) Rural Electrification Corporation (19th Feb)
2) Mahindra Resorts
3) Oil India
4) UTI MF
5) MCX
Watch List:
1) ITC
2) BHEL (surprisingly the stock is just going down)
3) Alok Industries
4) KESORAM INDUSTRIES LTD
Websites:
1) My transaction history (password protected)
2) Bloomberg India
3) ICICIDirect
4) Rediff Money
5) NSE IPO Status
6) Seeking Alpha
7) SPTulsian
8 ) LiveMint
PS: I am not a professional analyst nor I have had any formal training in Finance. Stock Market is just a Hobby which pays for all my other hobbies.
Ankur Aggarwal
sree
Sandip Chaudhuri
vbr
skabeesh
13500 looks inevitible – the fiis are now serious sellers coupled with their futures play
Comment by Prax — June 10, 2008 @ 1:58 pm
i have just 3L of cash with me right now
and i think only after the market crashes will i utilize those funds…. because this would be my last purchase and i would be really scraping the bottom now…
things would have been so different had i been working or had a regular source of income.
about adani… if i am not wrong, he is already a billionaire..
btw did you check out ranbaxy… the stock was mysteriously rising in spite of the bad financial reports and the overall market going down… and no wonder that even before the deal was annouced the stock was at 52 week high….
man i have started losing trust, there is just too much of insider trading
Comment by Ankur Aggarwal — June 11, 2008 @ 4:43 pm
*for further discussions please go to http://enagar.com/stock-chat-2/ *
Comment by Ankur Aggarwal — June 11, 2008 @ 4:57 pm
Well some like this way, Buy I think you should consider the another side of the toppic too. Thanks
Comment by Seo — July 11, 2008 @ 5:55 pm
I have the following investment in Construction & Real Estate
Please advise!
Stock Qty Average Cost Price Current Market Price
DLFLIM 91 525 459.05
GAMIND 3 442.7 210
GMRINF 633 60.02 84.7
IVRINF 42 288.75 307.25
JAIASS 268 151.26 162.7
NAGCON 45 198.09 132.3
PARDE 18 327.44 113.2
Comment by Basu — July 22, 2008 @ 1:13 pm
Ur Ranbaxy futures are nicely ripening
question is when will u settle the contract
Another thing on futures
i need some nitty gritty info before plunging in.
Suppose i buy a futures lot lets take ur case ranbaxy
as it is marked to mkt what is the system of margin adjustment?
when i want to close/settle it what is the general procedure?
how would i close it it — suppose at todays rate?
u cannot give delivery of the stock even if it is there in ur pf -and have to settle- am i correct here
Comment by Prax — August 6, 2008 @ 6:33 am
how do u calculate profit margins and costs ?
Comment by Prax — August 6, 2008 @ 6:34 am
//as it is marked to mkt what is the system of margin adjustment?//
the BSE based on the trading price and the price of at the spot market (Secondary) comes up with the closing price of the derivative… and then margins change hands to adjust to the daily price…
i.e. you bought a derivative at 400/- but the end of the day price was 420/- so you will get 20/- next day in cash (the contract would be still open)… had it been 380/- you would pay 20/-
This is daily settlement… and it can often create problems esp if you are dealing with large lot size and small cash base.
when you want to close the contract, sell it in the market. exchange will automatically transfer the liability from you to him/her.
you cannot take delivery… but its not a big problem because the settlement price is the closing price.. so in theory you can buy in the open market at the same price.. benefit in the derivatives there is less capital requirements and brokerage.
Comment by Ankur Aggarwal — August 6, 2008 @ 3:26 pm
Where do u see the mkt go from here?
yesterday – it could not hold at higher levels and things economically aren’t that rosy
i would like to see how the correlation between gold oil and dollar is stacking up
Comment by Prax — August 7, 2008 @ 11:09 pm
the quarterly results of most of the firms are not great… and the future prospects not that rosy.
Since india is a market with a lot of information asymmetry, I believe that even after the future prospects of the companies become good, there would still be ample opportunity to buy/trade
i need to learn the gold and oil market from you… esp how to benefit economically from the analysis and predictions that you do (without investing in gold ETF)
Comment by Ankur Aggarwal — August 7, 2008 @ 11:22 pm
del prev 2 comments
the commodity run was far too exaggerated – no wonder it is falling
thanks to
1. euro recession fears and overall gloomy eco climate
2. chinas olympics
3. over speculation in commodities and bricks and the herd of speculators lightening positions from key commodities
i expect some more rallying in the dow / nifty until some big negative news comes and brings the markets to their senses
im considering a cleanup of pf – u could consider booking some losses / break even stocks and freeing up some capital … what do u think ?
im speculating that nifty can retest the recent lows and go lower
there can be a bigger fall after that cause the macro factors are still horrendous and oil aint still cheap as even at 100$ a barrel we are looking at a 4% addition to the fisc deficit – if im not mistaken that too with the oil bond natak and the part contributed by the oil cos not reflecting in that figure…
read
http://seekingalpha.com/article/89630-the-indian-economy-and-gold-imports
need a clarification here
what is indias gdp ??
multiple figures that change the whole picture
ie blog/ sa aiyar
Rs 200,000 crore in oil subsidies, nearly 2% of India’s GDP
so gdp should be 100.00.000 crore
Credit Suisse estimate it at a trillion dollars
41,00,000 crore, at Rs 40.76 per dollar.
wiki $5.21 trillion (PPP) (2008 est.)
Comment by Prax — August 10, 2008 @ 3:59 am
i have answered it here http://enagar.com/stock-chat-2/#comment-37885
Comment by Ankur Aggarwal — August 10, 2008 @ 9:03 am