panch-tattva / ptpts post result

Friends,

Please find the post result panch-tattva point for Sintex below:

SINTEX @344 (081007) gets 907 pts and at present rate it is costly to buy it.

HariOm,

krsnaKhandelwal

panch-tattva talk

Friends,

Banks have had very poor credit off take during first six months this
year agaist last year, they have therefore decided to offer to big
companies loans for short term at rates almost equal to their cost of
funds. It is now clear that the banks were competing with each other
to garner more of publics’ deposits without any purpose and are forced
to recover costs only. In a way this the mechanism of the market and
therefore I say it is better that market forces are left to determine
rates rather than RBI do it. At best it should fix bottom and top
rates for intervention by itself for the time being. I mean a
declaration like ‘ the Banks may keep their PLR within the range of
… to … and any bank under pressure to exceed should inform RBI
which if satisfied would raise the respective limit’ would be enough
to give its mind away. Similarly it may fix a range of rates for a
longer period for absorbing liquidity and to inject it for an
indefinite period of time and announce a fortnight in advance should
it find reason to amend it. This will enable the day to day adjustment
of interest rates rather than go in to any particular direction and
have greater pressure without its intensity known.

There is report that the high net worth individuals have sold stocks
worth more than $1.4b during the current move upwards with a view to
lessen the risk. They had suffred two bad jolts in market during last
12 months and could not cut losses.The caution is well conceived.

Last week saw BSE auto index improved by 0.62% to 5365 pts but I think
its better to be out of auto stocks till the qly results have been
seen.

BSE Bnakex receded by 2.58 % to 9224 pts and here you must not buy SBI
but may buy other banks which decline during the next week.

BSE Cap Goods Index improved by 7.24% to  15742 pts and my advice is
not to fall for it.

BSE Cons Durable Index was lower by 1.3% to 4741 pts and this sector
may be invested in.

BSE FMCG Index was lower by 2.52% at 2107 and here also investments
amy be made net week.

BSE Healthcare Index was up 1.11% to 3826 pts and you choose your
scrip for investment on declines.

BSE IT Index was better by 2.43% to 4740 and this sector is inviting
to invest for medium term.

BSE Tech Index is better by 3.58% to 3900 pts and may be invested in .

BSE Metal was richer by 1.27% to 14122 pts and I have already advised
to be selectively out of it.

BSE Oil & Gas Index was better by 5.73% to 10109 pts and it is
difficult to take a call just now on it , please wait for some time.

HariOm,

krsnaKhandelwal