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Showing posts from February, 2018

Punjab National Bank - Gitanjali - Audit Fraud a lesson in deed for health department

Punjab National Bank is one of the leading public sector bank in India. It was incorporated in the year 1894. Gitanjali - Diamond jewelry retailer brand from India.  When I look in to the issue. It is a clear case of gross audit negligence which resulted in the thousands of crores fraud.  Like Mr. Mallya Mr. Chowski left India before the bureaucracy entered the field to analyze the depth and magnitude of the fraud committed. Banks are expected to follow the stringiest audit norms in the economy. They are trusted with the ones own money. What if suddenly bank declares that investors, account holders money is gone and they can not with draw the amount. In Health department, it is managed by the doctors, administered by the doctors and it is for the doctors, by the doctors and to the doctors. The rule of others are very minimal. National Health Mission is one of the largest Health mission in the country. Public money is to be spent in the most transparent way....

Greed is the biggest enemy in the share market.

Greed is the biggest enemy in the share market. Person tend to earn more, wants to have more money. either by shorting or by buying. When the market reverse in the opposite direction, person greed slaps on the face with palm prints. One should be satisfied with the 1% or 2% gain over the capital per day. But some times we tend to increase the profit ratio to more than  10%  and want to beet the market. It was the time that the market waits. It turns the profit into loss of the capital. IN my view if you make 1% or 2% profit per day over your available capital it is well and good. DO not lose your capital. If you feel negative signs in the mind do not enter the trade at all, save your capital for your positive day. Observe the signs, signs give the best of the energy to synchronize with the available resources to make profit. Signs are with in you, around you. Companies like Punjab National Banks, teach investors once in a while or often who is the boss in the market. ...

Today market will recover

With response to the international market and the noise change in Reno rate by the RBI, hoping that the market will see the positive upward momentum for the fundamentally strong companies.

Todays Market gain

Today I went to market to trade in South India Bank, ITC.  Why I chose these stocks? ITC was in upward trend the time I entered the trade. Then it started to go downwards. I converted the MIS order into CNC.  Why I converted it to CNC? ITC fundamentals are strong and irrespective of economic measures there will not be any decrease in the number of smokers! South India Bank Why I chose these stocks? Every time it gives oppurtunity between 5- 30 paise upward and downward irrespective of the market. Break even point is 0.01 or 0.02 paise even it makes .05 paise upward or downward I will make the profit. But there are scenarios when the stock suddenly moved more than .05paise  my so for profit converted to negative. I took multiple trades and ended up with some profit. 

Impartial

In the office officer needs to be impartial while assigning the work. Impartial in his attitude towards all the subordinates.

Pcjewllers and vakarangee

Market went down after announcement of budget - 2018. In Pcjewllers heavy selling is observed. Why? The single reason recently Vakarangee bought quite a number of shares. CBDT initiated the enquiry against Vakarangee. The fundamentals if the company were strong the market news made investor go crazy to sell the stock. However after clarification from the PC Jewelers management the stock price came to life again. Like this scenarios comes as a blessing in disguise for the smart investor.  PC Jewellers surfaced with the bank fraud and share collapsed.The 80:20 scheme by the UPA scheme helped the greed of Choksi's to loot the cash from diamond greedy consumers.  Vakarangee made considerable progress with huge buying of shares. Only time will tell the true story. Short time or till time one can benefit out of it.  I don't own either Pcjewllers or vakarangee. Written for study purpose only.