Transcript shankar sharma april 02
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Transcript of Transcript shankar sharma april 02
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1:59:41 PM Manoj Rawal thomsonreute
rs.com
Time to start our today's session with Shankar
Sharma and Alok Kumar now...
1:59:57 PM Manoj Rawal thomsonreute
rs.com
Please welcome both of them...
2:00:13 PM Manoj Rawal thomsonreute
rs.com
Hello Mr Shankar Sharma, welcome to Trading
India
2:00:14 PM Anil Kumar
Bhansali
mecklai.com welcome sir
2:00:18 PM Shankar
Sharma
fglobal.com thanks
2:00:34 PM Vignesh
Eswar
subhkam.com
Hi Shankar! It’s been a while...
2:00:37 PM Dipika
Lalwani
thomsonreute
rs.com
Welcome to Trading India...Shankar and Alok
2:00:45 PM Shankar
Sharma
fglobal.com sure thanks
2:01:07 PM Manoj Rawal thomsonreute
rs.com
Starting with a first question: your outlook on the
Indian markets please?
2:01:27 PM Shankar
Sharma
fglobal.com outlook is negative for India and overall, emerging
markets
2:01:50 PM Vignesh
Eswar
subhkam.com
on what time frame are you negative
2:02:00 PM Shankar
Sharma
fglobal.com this whole year
2:02:16 PM Manoj Rawal thomsonreute
rs.com
we read your report released few weeks back on
BRIC countries and it seems you predict a crash
there? what makes you feel that way?
2:02:16 PM Vignesh
Eswar
subhkam.com
ok....
2:02:36 PM Shankar
Sharma
fglobal.com brics are standing the edge of a major growth cliff
2:02:37 PM Anil Kumar
Bhansali
mecklai.com sir a few months ago you were bullish on Indian
markets what has made you change your view?
2:02:49 PM Shailendra
Mehta
universalsom
po.com
which sectors could remain positive?
2:02:55 PM Shankar
Sharma
fglobal.com yes, we were very bullish all of 2012
2:03:10 PM Shankar
Sharma
fglobal.com but we changed our view in Jan this year
2:03:38 PM Vignesh subhkam.com what were the triggers?
Eswar
2:03:41 PM Hitesh Lad asia.bnpparib
as.com
so to be clear on view Sir..are you not bullish
anymore? or you are bearish?
2:03:48 PM Shankar
Sharma
fglobal.com we are positive on IT, pharma, consumers like
united spirits, Tata coffee, nestle, etc
2:03:51 PM Shaunpaul
Kavalakatt
idbi.co.in What are the factors that led to this change -
political scenario/macroeconomics/global?
2:04:12 PM Shankar
Sharma
fglobal.com triggers will be a terrible global macro
environment, and very disappointing data from
India and Bric pack
2:04:16 PM Suresh
Thanvi
sunteckwealth
max.com
Good Afternoon Sir, Your name has been a
synonym with the bearish stand for quite some
time are there any asset class where u are bullish
and what triggers would make u change your view
on Indian markets ?
2:04:47 PM Shankar
Sharma
fglobal.com we are neither bullish or bearish.
2:04:53 PM Shankar
Sharma
fglobal.com we get paid to be right
2:05:00 PM Deepan
Bafna
icicilombard.c
om
Do u have any target for Indian Rupee?
2:05:08 PM Shankar
Sharma
fglobal.com so whichever side we play, we have to be right
2:05:20 PM Shankar
Sharma
fglobal.com last year we were very bullish from Jan itself
2:05:29 PM Shankar
Sharma
fglobal.com when everybody was very negative
2:05:36 PM Shankar
Sharma
fglobal.com this year we turned bearish
2:05:37 PM Vignesh
Eswar
subhkam.com
are any of your relative strength models
corroborating the bearish stance...
2:06:00 PM Shankar
Sharma
fglobal.com when the whole street and foreign brokers start
singing in joy, we turn cautious
2:06:08 PM Sangameswar
Iyer
subhkam.com
Hi Sir - any particular stocks in IT which u like
2:06:20 PM Shankar
Sharma
fglobal.com hcl tech
2:06:27 PM Shankar
Sharma
fglobal.com infy
2:06:27 PM Amar
Margaje
hdfcsec.com your view on Indian politics ?early elections
possible ?
2:06:31 PM Shankar
Sharma
fglobal.com techm
2:06:41 PM Suresh
Thanvi
sunteckwealth
max.com
what basic parameters u look into before arriving
at a positive view..?
2:06:49 PM Shankar
Sharma
fglobal.com no, I don’t think there will early elections, but who
can tell in politics'
2:06:58 PM Santosh
Chandane
goodfortunec
apitals.com
Good Afternoon Sir do u expect a early election
2:07:07 PM Pinky
Lapasia
askchirag.co
m
INR view?
2:07:09 PM Shankar
Sharma
fglobal.com we have a very complex system, so kind of hard to
say which parameters
2:07:17 PM Shankar
Sharma
fglobal.com INR looks bearish
2:07:29 PM Suresh
Thanvi
sunteckwealth
max.com
few basic ones if u can highlight it would be quite
a lesson for us all
2:07:41 PM Pinky
Lapasia
askchirag.co
m
any targets for 13-14
2:07:41 PM Deepan
Bafna
icicilombard.c
om
any targets for INR this year?
2:07:47 PM Anusmit
Mazumdar
hsbc.co.in Hi Sir, what’s your take on PSU Banks would you
look to be positive in the near term and any
particular name you like or hate
2:07:48 PM Shankar
Sharma
fglobal.com look at breadth as a good indicator
2:07:58 PM Shankar
Sharma
fglobal.com banks we are negative on
2:08:09 PM Amar
Margaje
hdfcsec.com view on interest rates, rbi policy?
2:08:10 PM Shankar
Sharma
fglobal.com we see banks being the single biggest area of loss
in this year, in india
2:08:17 PM Dhiraj Papnai edelcap.com Hi Shankar, your take on the whole global rally
and the broader underperformance of the emerging
markets
2:08:26 PM Shankar
Sharma
fglobal.com the rbi has messed up with the rate policy
2:08:37 PM Shankar
Sharma
fglobal.com it is now too late to cut now and revive growth
2:08:53 PM Shankar
Sharma
fglobal.com the emerging mkt story is over for now
2:08:53 PM Amar
Margaje
hdfcsec.com do u see rate cut in coming policy /
2:09:05 PM Ritesh
Badjatya
spasecurities.
com
Hi Sir, your view on India govt. Bond yields. Is at
8% 10 year bond is good 6 month investment
based on expecting some more rate cuts and even
if no cuts then at least no hikes ?
2:09:12 PM Anusmit
Mazumdar
hsbc.co.in whats your take on SBI especially in the light of
an impending chairman change and wage
negotiation
2:09:12 PM Shankar
Sharma
fglobal.com yes there will be a rate cut ahead but he has left it
too late
2:09:19 PM Santosh
Chandane
goodfortunec
apitals.com
Sir what is your view on nifty keeping in mind big
FIIS buying
2:09:21 PM Anusmit
Mazumdar
hsbc.co.in and low credit growth
2:09:21 PM Amar
Margaje
hdfcsec.com hmm
2:09:21 PM Shankar
Sharma
fglobal.com yes bonds are good investment
2:09:41 PM Shailendra
Mehta
universalsom
po.com
ur views on stocks like Core, HDIL, Aanjaneya
2:09:44 PM Suresh
Thanvi
sunteckwealth
max.com
whats more killing the growth prospects today
delay in easing or bad governance..?
2:09:46 PM Shankar
Sharma
fglobal.com what FIIs buy or sell has little meaning
2:09:58 PM Santosh
Chandane
goodfortunec
apitals.com
hum
2:10:16 PM Shankar
Sharma
fglobal.com I pay no attention to fii flows, etc etc
2:10:17 PM Pinky
Lapasia
askchirag.co
m
which is the best assets to allocate funds ...
2:10:28 PM Shankar
Sharma
fglobal.com bonds and fixed income
2:10:52 PM Manoj Rawal thomsonreute
rs.com
what do you make of the recent mid-cap crash?
fallen off the cliff down in the valley...
2:10:56 PM Pinky
Lapasia
askchirag.co
m
Any stocks Like TataM which u picked last time
... Could be a bet for long term ...
2:11:10 PM Shankar
Sharma
fglobal.com we are now short on tata motors
2:11:25 PM Shankar
Sharma
fglobal.com now, tata coffee looks a great buy
2:11:39 PM Shankar
Sharma
fglobal.com tata motors has peaked out in terms of jlr potential
2:12:08 PM Kartik Mehta antiquelimite
d.com
what views on Infra pls
2:12:09 PM Shankar
Sharma
fglobal.com tata coffee is underwoned, a grt consumer play, at
17x earnings, free cash positive, tata compny
2:12:10 PM Ritesh
Badjatya
spasecurities.
com
so other than Govt bonds, is bonds listed on
exchanges like IRFC , NHAI , PFC, SRTRANS
etc. is good or stick to govt. bonds only
2:12:20 PM Shankar
Sharma
fglobal.com infra we have been negatv for five years
2:12:21 PM Vignesh subhkam.com Re - i pay no attention to fii flows, etc etc - I have
Eswar a study that maps the cumulative flows to market
movement. its pretty well correlated on the
Medium term moves....and is a reasonable good
forecaster...with a 3-6 week lag
2:12:23 PM Jinesh Sheth sharekhan.co
m
Hi sir , what is your view on Reality & Gold ?
2:12:47 PM Shankar
Sharma
fglobal.com gold we are negative on
2:12:51 PM Sangameswar
Iyer
subhkam.com
Sir - what is your view on maruti & the auto space
in general
2:12:56 PM Amar
Margaje
hdfcsec.com saw your article on broking ind - crystal ball,
what’s view ?
2:13:02 PM Jinesh Sheth sharekhan.co
m
Reality?
2:13:28 PM Shankar
Sharma
fglobal.com maruti is ok...but we see the car mkt being v
challenging this...bear in mind we have been
positive on autos for 5-6 years...but are now
turning negative
2:13:36 PM Pinky
Lapasia
askchirag.co
m
Crude oil WTI what’s your view , Last report
From FG had crude targets of 8 $ ... after that not
seen any update
2:13:39 PM Dhiraj Papnai edelcap.com Shankar, looking at the CAD and other macro
headwinds, what would be your one year target for
Nifty
2:13:55 PM Shankar
Sharma
fglobal.com the inr can be 56+
2:14:04 PM Shankar
Sharma
fglobal.com yes the view on the broking industry is what it is
2:14:11 PM Sangameswar
Iyer
subhkam.com
true that’s why I wanted to know - any particular
event / trigger point which could make u change
the stance
2:14:19 PM Shankar
Sharma
fglobal.com oil looks bearish
2:14:24 PM Shankar
Sharma
fglobal.com we see 80 on it
2:14:25 PM Santosh
Chandane
goodfortunec
apitals.com
what your view on pharma sector considering yest
SC decision on Novartis
2:14:32 PM Shankar
Sharma
fglobal.com and all metals look terrible too
2:14:41 PM Shankar
Sharma
fglobal.com domestic pharma is great
2:14:58 PM Pinky
Lapasia
askchirag.co
m
bearish oil / metals / gold .. isn’t it good For india
growth story ?
2:15:11 PM Shankar
Sharma
fglobal.com in theory, that is good
2:15:23 PM Shankar
Sharma
fglobal.com in reality, that’s a diff story altogether
2:15:25 PM Dhiraj Papnai edelcap.com Shankar, looking at the CAD and other macro
headwinds, what would be your one year target for
Nifty
2:15:37 PM Pinky
Lapasia
askchirag.co
m
Do u follow technical analysis ... ever?
2:15:37 PM Shankar
Sharma
fglobal.com below 5000, for sure
2:15:48 PM Shankar
Sharma
fglobal.com i follow everything
2:16:02 PM Shankar
Sharma
fglobal.com idea is to get mkts right, so whatever it takes
2:16:08 PM Priyanka
Shah
edelcap.com Do you see similarity between south east Asian
currency crisis of 1997 & current Indian macro
situation?
2:16:23 PM Pinky
Lapasia
askchirag.co
m
bearish Stance is based on technical’s or
fundamentals
2:16:35 PM Shankar
Sharma
fglobal.com not really...but I see a big slowdown even in the
coming year
2:16:49 PM Shankar
Sharma
fglobal.com and bric pack looks toast
2:16:56 PM Dhiraj Papnai edelcap.com lol
2:17:00 PM Amar
Margaje
hdfcsec.com lol
2:17:04 PM Pinky
Lapasia
askchirag.co
m
lol
2:17:08 PM Sajjid Lala hdfcsec.com lol
2:17:11 PM Shankar
Sharma
fglobal.com bearish stance is always based on entire reading of
global macro and fundamentals
2:17:26 PM Shankar
Sharma
fglobal.com as well as broad technical’s
2:17:39 PM Ankit
Chaudhary
askchirag.co
m
In how many years do u see NIFTY hitting new
life time highs?
2:17:55 PM Shankar
Sharma
fglobal.com not for a long time
2:17:58 PM Pinky
Lapasia
askchirag.co
m
EURO/USD
2:18:03 PM Suresh
Thanvi
sunteckwealth
max.com
will u give a thumsup for return of UPA-3 after
elections?
2:18:10 PM Shankar
Sharma
fglobal.com euro looks very weak
2:18:14 PM Ritesh
Badjatya
spasecurities.
com
so other than Govt bonds, is bonds listed on
exchanges like IRFC , NHAI , PFC, SRTRANS
etc. is good or stick to govt. bonds only
2:18:21 PM Ravi Sharma plindia.com What would be your call on FMCGs for this year ?
2:18:26 PM Shankar
Sharma
fglobal.com no, u can buy other bonds as well
2:18:38 PM Shankar
Sharma
fglobal.com I am a UPA voter so always want it to be in power
2:18:51 PM Amar
Margaje
hdfcsec.com Other than Tata coffee & IT any other stocks to
hide?
2:18:53 PM Shankar
Sharma
fglobal.com fmcgs look good this year, as bear market plays
2:19:10 PM Manoj Rawal thomsonreute
rs.com
despite what happened in UPA-1 & UPA-II
tenure? No reforms that is?
2:19:25 PM Shankar
Sharma
fglobal.com I disagree
2:19:33 PM Shankar
Sharma
fglobal.com there have been major reforms in both periods
2:19:38 PM Priyanka
Shah
edelcap.com What’s your view on US markets?
2:19:46 PM Shankar
Sharma
fglobal.com negative on US markets
2:19:50 PM Anil Kumar
Bhansali
mecklai.com but what about the scams that have happened?
2:19:55 PM Suresh
Thanvi
sunteckwealth
max.com
and even lost opportunity in many cases Sir..
2:19:55 PM Shankar
Sharma
fglobal.com but US will outperform this year
2:20:02 PM Shankar
Sharma
fglobal.com there are no scams
2:20:09 PM Shankar
Sharma
fglobal.com thats a CAG created myth
2:20:12 PM Dhairya Shah aifl.net which sector will lead the down fall?
2:20:18 PM Dhiraj Papnai edelcap.com Any major market that you are bullish on?
2:20:25 PM Shankar
Sharma
fglobal.com in 2g, there is no evidence till date that raja took
any money
2:20:36 PM Amar
Margaje
hdfcsec.com Agree
2:20:38 PM Shankar
Sharma
fglobal.com the smaller marktes like Philippines etc look good
2:21:03 PM Shankar
Sharma
fglobal.com banks will lead the fall
2:21:14 PM Dhairya Shah aifl.net k. thx
2:21:25 PM Shankar
Sharma
fglobal.com banks look shaky...poor deposit growth, in credit
credit/deposit ratio
2:21:28 PM Suresh sunteckwealth Sir for Indian investors..? Where should they be
Thanvi max.com heading Bank FD’s..
2:21:34 PM Shankar
Sharma
fglobal.com yes bank FDs
2:21:42 PM Ritesh
Badjatya
spasecurities.
com
thanx sir.
2:21:49 PM Shankar
Sharma
fglobal.com return of capital is more important than return on
capital
2:22:02 PM Kartik Mehta antiquelimite
d.com
how would the markets react to Narendre modi
becoming a prime minister candidate?
2:22:21 PM Shankar
Sharma
fglobal.com the gujus will dance on the streets
2:22:22 PM Suresh
Thanvi
sunteckwealth
max.com
agreed..so we might have better deposit ratios
which is good
2:22:29 PM Shankar
Sharma
fglobal.com am not sure about the rest of india
2:22:31 PM Kartik Mehta antiquelimite
d.com
lol
2:22:35 PM Sajjid Lala hdfcsec.com So sir in your view do u think that 2013 & 2014
Indian equity markets will go nowhere
2:22:38 PM Anil Kumar
Bhansali
mecklai.com so u don’t think that the fall out in the market is
because of the policies made by UPA or in fact no
policies made by UPA
2:22:42 PM Amar
Margaje
hdfcsec.com lol
2:22:57 PM Shankar
Sharma
fglobal.com markets have been bad globally
2:23:09 PM Shankar
Sharma
fglobal.com I ll give you three villains
2:23:17 PM Shankar
Sharma
fglobal.com CAG, RBI and Supreme court
2:23:21 PM Sajjid Lala hdfcsec.com Lol
2:23:25 PM Shankar
Sharma
fglobal.com they are the reason why we r in this mess
2:23:27 PM Priyanka
Shah
edelcap.com Within banking what’s your call on pvt banks?
2:23:36 PM Dhiraj Papnai edelcap.com Shankar, how long do you think would India be in
a bear phase...when would things likely to improve
for us
2:23:37 PM Suresh
Thanvi
sunteckwealth
max.com
mkts have been bad globally....????? sir markets
globally are at multi year highs..
2:23:43 PM Utkarsh
Maheshwari
rcap.co.in @ Shankar what is u outlook on MNC Pharma
names post yesterday's verdict
2:23:53 PM Shankar
Sharma
fglobal.com no...thats only the US
2:24:11 PM Shankar
Sharma
fglobal.com and western markets have been given a supportive
monetary policy
2:24:15 PM Pinky
Lapasia
askchirag.co
m
what’s your u r view on MEDIA sector &
education Stocks Like Mt edu / tree house ...
2:24:24 PM Shankar
Sharma
fglobal.com in india, the rbi has screwed everybody by killing
growth
2:24:34 PM Shankar
Sharma
fglobal.com I don’t follow media or education stocks
2:24:39 PM Sailesh Jain quantcapital.c
o.in
what’s your view on OIL PSU's & Reliance ?
2:24:40 PM Santosh
Chandane
goodfortunec
apitals.com
your view on reliance sir
2:24:54 PM Shankar
Sharma
fglobal.com been negative on reliance for 5 years now
2:25:04 PM Shankar
Sharma
fglobal.com don’t know about oil osus
2:25:04 PM Shailendra
Mehta
universalsom
po.com
Sir your views on Aviation sector?
2:25:05 PM Pinky
Lapasia
askchirag.co
m
IVRCL?
2:25:10 PM Sailesh Jain quantcapital.c
o.in
and OIL PSU's sir
2:25:14 PM Rohan Gala subhkam.com
what’s your view on the oil n gas sector after the
steps govt has taken to curb the subsidy....
2:25:16 PM Shankar
Sharma
fglobal.com aviation is a crap business
2:25:21 PM Shankar
Sharma
fglobal.com so is infra
2:25:28 PM Pinky
Lapasia
askchirag.co
m
MCX?
2:25:34 PM Shankar
Sharma
fglobal.com Am ambivalent on oil and gas
2:25:41 PM Manoj Rawal thomsonreute
rs.com
re: RBI, would say that Reddy was far better Guv
as compared to Subbarao in taming inflation?
2:25:42 PM Santosh
Chandane
goodfortunec
apitals.com
h-lever and itc view sir
2:25:42 PM Tejas Shah edelcap.com Do you see Dr Copper catching a flu? ... seems to
be on verge of making multi-month top
2:25:47 PM Shankar
Sharma
fglobal.com don’t follow MCX, but am not bullish on stock
exchanges
2:25:53 PM Sailesh Jain quantcapital.c
o.in
thanks Sir for your view
2:25:55 PM Shankar
Sharma
fglobal.com yes agree on copper
2:25:55 PM Sangameswar
Iyer
subhkam.com
Any particular names in Pharma where u feel
comfort entering at current levels
2:26:05 PM Jignesh Shah sunidhi.com unsp for 3 to 6 months view
2:26:06 PM Shankar
Sharma
fglobal.com sun, lupin
2:26:09 PM Priyanka
Shah
edelcap.com Within banking what’s your call on pvt banks?
2:26:13 PM Shankar
Sharma
fglobal.com unsp is fine
2:26:30 PM Amar
Margaje
hdfcsec.com tata global
2:26:32 PM Shankar
Sharma
fglobal.com we are negative on pvt and psu banks...valuations
of pvt banks r way too high
2:26:41 PM Rohan Gala subhkam.com
any particular stock one can see in the oil n gas
sector
2:26:43 PM Shankar
Sharma
fglobal.com no, tata coffe, i like
2:26:48 PM Shankar
Sharma
fglobal.com not tata global
2:26:54 PM Amar
Margaje
hdfcsec.com k
2:27:03 PM Shankar
Sharma
fglobal.com no, I don’t like the oil n gas sector
2:27:11 PM Santosh
Chandane
goodfortunec
apitals.com
your view on itc and H-lever sir
2:27:23 PM Shankar
Sharma
fglobal.com both look like ok bets for this year
2:27:29 PM Sangameswar
Iyer
subhkam.com
Sir but does the valuation provide the comfort in
these names (Sun especially)
2:27:30 PM Jitendra
Mehta
edelcap.com So where do you sell Nifty again? Sell here?
2:27:30 PM Shankar
Sharma
fglobal.com at least we won’t lose 40% in those
2:27:36 PM Sajjid Lala hdfcsec.com your view on Nestle sir
2:27:42 PM Shankar
Sharma
fglobal.com in good stocks, valuation is always high
2:27:46 PM Shankar
Sharma
fglobal.com in reliance it is always low
2:27:51 PM Shankar
Sharma
fglobal.com so you decide
2:28:25 PM Ritesh
Badjatya
spasecurities.
com
true certainty always command premium
2:28:31 PM Sajjid Lala hdfcsec.com your view on Nestle sir
2:28:35 PM Santosh goodfortunec what u think on OFS policy of GOVT will govt
Chandane apitals.com able to garner the good amount
2:28:35 PM Shankar
Sharma
fglobal.com good
2:28:45 PM Gaurav Lohia hdfcbank.com
Shankar.. over the past 5 yrs FII holdings has risen
by ~500bps while DII and retail are out.... do you
feel that this trend would change or they would
continue to mop up all the available floating
stock... and the govt would raise FII limits
regularly...
2:28:51 PM Shankar
Sharma
fglobal.com let’s see about divestment
2:28:59 PM Shankar
Sharma
fglobal.com now all divestments go to LIC
2:29:20 PM Shankar
Sharma
fglobal.com the FII’s are largely ETF driven
2:29:30 PM Shankar
Sharma
fglobal.com so they can reverse very quickly
2:29:53 PM Shankar
Sharma
fglobal.com let’s not start believing that FII’s are here for
us...they r momentum driven ETFs
2:29:54 PM Ankit
Chaudhary
askchirag.co
m
Technically, what level on Nifty if crossed will
change your bearish stance completely??
2:30:03 PM Gaurav Lohia hdfcbank.com
yeah... but over 5 years they have only been
rising... so reversal... would take some doing.
2:30:08 PM Shankar
Sharma
fglobal.com 5% above all time high
2:30:18 PM Jitendra
Mehta
edelcap.com Where do you sell Nifty now?
2:30:18 PM Gaurav Lohia hdfcbank.com
of you think that 5 yrs only ETF has come in
2:30:22 PM Shankar
Sharma
fglobal.com you see...the beauty about India is this
2:30:28 PM Shankar
Sharma
fglobal.com that Fii’s can never exit
2:30:34 PM Shankar
Sharma
fglobal.com they can only enter
2:30:37 PM Shankar
Sharma
fglobal.com but never exit
2:30:44 PM Shankar
Sharma
fglobal.com it’s like the mafia
2:30:49 PM Shankar
Sharma
fglobal.com u can join
2:30:51 PM Vignesh
Eswar
subhkam.com
like hotel California
2:30:52 PM Shankar
Sharma
fglobal.com but never leave
2:30:56 PM Manoj Rawal thomsonreute
rs.com
haha
2:30:58 PM Shankar
Sharma
fglobal.com yeah
2:31:03 PM Amar
Margaje
hdfcsec.com hahaha
2:31:03 PM Sajjid Lala hdfcsec.com lol
2:31:07 PM Shankar
Sharma
fglobal.com paresh rawal said this to sanjay dutt in Naam
2:31:19 PM Gaurav Lohia hdfcbank.com
so... would we again see retail coming back post
new highs are made... as it happens always
2:31:21 PM Shankar
Sharma
fglobal.com yahan par 1 billion bechega to lower circuit
2:31:32 PM Shankar
Sharma
fglobal.com this market is a fraud market'
2:31:35 PM Shankar
Sharma
fglobal.com there is zero depth
2:31:52 PM Shankar
Sharma
fglobal.com Emkay sold 600 crs by mistake we had lower
circuit'
2:31:57 PM Suresh
Thanvi
sunteckwealth
max.com
Sir, would u advise govt to take some actions to
revive this fraud markets..?
2:32:15 PM Shankar
Sharma
fglobal.com so india very smartly made a market where Fii’s
can only buy
2:32:18 PM Shankar
Sharma
fglobal.com but never sell
2:32:27 PM Suresh
Thanvi
sunteckwealth
max.com
as its bread and butter for all of us..
2:32:36 PM Shankar
Sharma
fglobal.com only that stupid institution called RBI can do
something
2:32:42 PM Priyanka
Shah
edelcap.com What’s your call in Japanese Yen and Nikkei?
2:32:45 PM Shankar
Sharma
fglobal.com let’s find some other bread and butter
2:32:49 PM Shankar
Sharma
fglobal.com or just bread
2:32:55 PM Shankar
Sharma
fglobal.com forget about the butter
2:33:05 PM Gaurav Lohia hdfcbank.com
fraud... hmm... i would have said that when people
were bullish at 21000 in 2008 Jan... but the very
same guys have now turned bearish to the level of
calling an end to the markets... time to change
view shanker?
2:33:25 PM Suresh
Thanvi
sunteckwealth
max.com
u did leave market last year or year before ..but as
u say it’s like mafia u have to enter back can’t stay
away from this..
2:33:35 PM Shankar
Sharma
fglobal.com who has turned bearish now, who was bullish at
21k in 2008?
2:33:38 PM Suresh
Thanvi
sunteckwealth
max.com
your personal experience
2:33:55 PM Shankar
Sharma
fglobal.com I never left markets
2:34:02 PM Shankar
Sharma
fglobal.com I only said I have stopped investing
2:34:07 PM Shankar
Sharma
fglobal.com In the stock markets
2:34:12 PM Shankar
Sharma
fglobal.com and do more bonds now
2:34:33 PM Suresh
Thanvi
sunteckwealth
max.com
read an interview about u leaving markets and
focusing on Education sector in popular financial
Daily
2:34:57 PM Priyanka
Shah
edelcap.com What’s your call in Japanese Yen and Nikkei?
2:35:01 PM Shankar
Sharma
fglobal.com yes, but the reporter made it seem as if I have quit
markets. I only said I don’t have the time for
investing
2:35:12 PM Shankar
Sharma
fglobal.com japan 's run is more or less done
2:35:41 PM Gaurav Lohia hdfcbank.com
no1 in particular... but most of the sell side has
turned super bearish... same guys were bllisgh
then.
2:36:01 PM Shankar
Sharma
fglobal.com I think sell side conciseness is fairly bullish even
now
2:36:05 PM Vignesh
Eswar
subhkam.com
maybe they just got wiser since then....
2:36:08 PM Shankar
Sharma
fglobal.com it was v bearish in Dec 2011
2:36:23 PM Shankar
Sharma
fglobal.com now consensus is reasonably bullish
2:36:33 PM Ankit
Chaudhary
askchirag.co
m
Sir you will wait for 6670 on Nifty to cross to turn
bullish .. Isn’t that too far.. You will miss the
whole rally if it comes
2:37:01 PM Shankar
Sharma
fglobal.com no we wont
2:37:05 PM Shankar
Sharma
fglobal.com We’ll play it
2:37:06 PM Suresh
Thanvi
sunteckwealth
max.com
And adding to Ankit’s Question what upside will u
look at post 6670
2:37:10 PM Shankar
Sharma
fglobal.com but we don’t have to believe it
2:37:25 PM Amar hdfcsec.com long term view on Indian equities?
Margaje
2:37:28 PM Shankar
Sharma
fglobal.com playing something and believing in it are too diff
things
2:37:32 PM Amar
Margaje
hdfcsec.com 3.-5 yrs
2:37:39 PM Shankar
Sharma
fglobal.com I never take long term view in equities
2:37:49 PM Shankar
Sharma
fglobal.com equities are a short term game
2:37:57 PM Shankar
Sharma
fglobal.com I don’t keep a demat account
2:38:06 PM Sajjid Lala hdfcsec.com LOL
2:38:10 PM Ankit
Chaudhary
askchirag.co
m
lol
2:38:13 PM Amar
Margaje
hdfcsec.com lol
2:38:19 PM Manoj Rawal thomsonreute
rs.com
whoa! and we though money in equities can only
be made in long term!?
2:38:22 PM Atul Vitha eisec.com lol
2:38:26 PM Shankar
Sharma
fglobal.com keep everything ready to go
2:38:33 PM Shankar
Sharma
fglobal.com which is why i always escape bear markets
2:38:45 PM Bharat Shah ventura1.com and view for FY 13
2:38:51 PM Dhiraj Papnai edelcap.com and miss the bull run too perhaps?
2:39:10 PM Vignesh
Eswar
subhkam.com
so in terms of diversification - from shallow Indian
equities - which other markets look interesting to
you from a trading perspective?
2:39:11 PM Shankar
Sharma
fglobal.com manoj, the problem is that funds give this long
term investing bs becos they want u to stay in their
funds for years and they make fees
2:39:19 PM Suresh
Thanvi
sunteckwealth
max.com
what would u advise your BIG BULL market
friend..?
2:39:20 PM Shankar
Sharma
fglobal.com all markets are tradeable
2:39:30 PM Shankar
Sharma
fglobal.com who Rakesh?
2:39:57 PM Shankar
Sharma
fglobal.com Haven’t met him for while lately
2:40:06 PM Suresh
Thanvi
sunteckwealth
max.com
all BULL's fathers and god fathers.
2:40:10 PM Shankar
Sharma
fglobal.com but midcaps have been crushed
2:40:52 PM Suresh sunteckwealth 400-IPO now we don’t know...that’s a Scam
Thanvi max.com
2:40:55 PM Pinky
Lapasia
askchirag.co
m
any midcap u would like to pick up ...
2:41:07 PM Shankar
Sharma
fglobal.com which IPO?
2:41:12 PM Pinky
Lapasia
askchirag.co
m
I mean midcap which are small cap now
2:41:12 PM Manoj Rawal thomsonreute
rs.com
now that you've raised midcaps - what do you
make of the recent mid-cap crash? Fallen off the
cliff down in the valley...
2:41:19 PM Suresh
Thanvi
sunteckwealth
max.com
A2Z..?
2:41:20 PM Vignesh
Eswar
subhkam.com
Shankar -you’ve been through a lot of tough times
personally in the last 12 years - can you share the
bif life learnings that have seen you through it and
kept you shining?
2:41:23 PM Tejas Shah edelcap.com Do you see any silver linings in Mid-cap and
Small-caps?
2:41:28 PM Shankar
Sharma
fglobal.com oh a2z
2:41:41 PM Shankar
Sharma
fglobal.com Tata coffee is the only midcap we like
2:41:55 PM Savio Shetty plindia.com @ ST - @ Least it was true to its name. Went from
A to Z
2:41:59 PM Shankar
Sharma
fglobal.com sound business, good governace, consumer play
2:42:02 PM Shankar
Sharma
fglobal.com lollllll
2:42:07 PM Shankar
Sharma
fglobal.com thats a good one on a2z
2:42:11 PM Manoj Rawal thomsonreute
rs.com
LOL Savio
2:42:21 PM Suresh
Thanvi
sunteckwealth
max.com
A groupt to Z group
2:42:28 PM Shankar
Sharma
fglobal.com nice one
2:42:32 PM Shankar
Sharma
fglobal.com hota hai boss
2:42:38 PM Shankar
Sharma
fglobal.com markets are great levellers
2:42:46 PM Dhiraj Papnai edelcap.com true
2:43:08 PM Suresh
Thanvi
sunteckwealth
max.com
agree..
2:43:09 PM Vignesh subhkam.com and blue jeans...
Eswar
2:43:10 PM Shankar
Sharma
fglobal.com idea is not to start believing in the market bullshit
2:43:36 PM Shankar
Sharma
fglobal.com keep some distance from the hype
2:44:31 PM Manoj Rawal thomsonreute
rs.com
and that’s what is I guess impossible.. can we stay
away from the screen glamour?
2:44:36 PM Suresh
Thanvi
sunteckwealth
max.com
whats are your key takeaways from Indian market
in your past 15-16 years
2:44:49 PM Shankar
Sharma
fglobal.com be sceptical
2:44:57 PM Shankar
Sharma
fglobal.com about equities in general
2:45:07 PM Shankar
Sharma
fglobal.com don’t become an evangelist
2:45:11 PM Shankar
Sharma
fglobal.com it’s a movie
2:45:14 PM Suresh
Thanvi
sunteckwealth
max.com
yeah about equities only i meant..
2:45:20 PM Shankar
Sharma
fglobal.com so leave after 3 hrs
2:45:47 PM Suresh
Thanvi
sunteckwealth
max.com
do u see return of bull phase back anytime soon...
2:45:58 PM Shankar
Sharma
fglobal.com dont see it this year
2:46:03 PM Suresh
Thanvi
sunteckwealth
max.com
we never had a new high since past 6 years
2:46:12 PM Shankar
Sharma
fglobal.com but we can make money even in a bear market
guys
2:46:16 PM Shankar
Sharma
fglobal.com so don’t get depressed
2:46:31 PM Amar
Margaje
hdfcsec.com that only u made boss
2:46:34 PM Shankar
Sharma
fglobal.com t20, 50 overs, 5 day
2:46:38 PM Shankar
Sharma
fglobal.com we can play all formats
2:46:53 PM Manoj Rawal thomsonreute
rs.com
IPL days here anyways
2:46:57 PM Shankar
Sharma
fglobal.com jaisa market, waisa game' yes
2:49:08 PM Anil Kumar
Bhansali
mecklai.com So to sum up nifty would go below 5000 this year
and INR will remain weak investment should be
made in bonds and FMCG right?
2:49:23 PM Suresh
Thanvi
sunteckwealth
max.com
and congress will be back in UPA-3
2:49:42 PM Anil Kumar
Bhansali
mecklai.com hahaha
2:49:47 PM Suresh
Thanvi
sunteckwealth
max.com
right AKB
2:49:49 PM Shankar
Sharma
fglobal.com yes
2:49:56 PM Dhiraj Papnai edelcap.com we might not be on the same page on nifty, but m
with you on sachin
2:49:57 PM Amar
Margaje
hdfcsec.com who u would like to see as next pm -
PC/namo/rahul ?
2:50:12 PM Shankar
Sharma
fglobal.com I hope so
2:50:55 PM Shankar
Sharma
fglobal.com guys we don’t have to agree on everything
2:51:03 PM Shankar
Sharma
fglobal.com PC
2:51:06 PM Suresh
Thanvi
sunteckwealth
max.com
yeah we agree to disagree on Nifty
2:51:10 PM Shankar
Sharma
fglobal.com Rahul in 2019
2:51:17 PM Shankar
Sharma
fglobal.com let Namo first practise as head of bjp
2:51:27 PM Suresh
Thanvi
sunteckwealth
max.com
or 2029 he is too young now
2:51:37 PM Shankar
Sharma
fglobal.com usko pehle party mein consenus lanney do
2:51:37 PM Anil Kumar
Bhansali
mecklai.com what about manmohan singh sir?
2:51:49 PM Shankar
Sharma
fglobal.com yeah sure
2:52:10 PM Shankar
Sharma
fglobal.com manmohan is great for the country
2:52:14 PM Shankar
Sharma
fglobal.com but too old now
2:52:48 PM Amar
Margaje
hdfcsec.com what about mulayam/sp/maya/jaya , they r in
waiting since 1991
2:52:55 PM Bharat Shah ventura1.com In politics no old word
2:53:11 PM Shankar
Sharma
fglobal.com true
2:53:26 PM Shankar
Sharma
fglobal.com let’s see
2:53:32 PM Shankar fglobal.com 2014 is far away
Sharma
2:53:37 PM Shankar
Sharma
fglobal.com we have to survive April
2:53:44 PM Ritesh
Badjatya
spasecurities.
com
old is gold in politics
2:54:02 PM Shankar
Sharma
fglobal.com yes..even Advani wants to be pm
2:54:02 PM Jitendra
Mehta
edelcap.com Coming back to markets, what are any new books
you would recommend a trader to read
2:54:22 PM Amar
Margaje
hdfcsec.com hanuman chalisa
2:54:26 PM Shankar
Sharma
fglobal.com haven’t read a book on markets for a long time
2:54:35 PM Shankar
Sharma
fglobal.com hanuman chalisa a good bet
2:54:47 PM Shankar
Sharma
fglobal.com hedge funds off the record
2:54:51 PM Shankar
Sharma
fglobal.com by steven drobny
2:55:00 PM Shankar
Sharma
fglobal.com but one book all of u MUST read is
2:55:07 PM Bharat Shah ventura1.com that is why your prediction are going right
2:55:11 PM Shankar
Sharma
fglobal.com Thinking Fast, Thinking Slow
2:55:20 PM Savio Shetty plindia.com I'll suggest one Shankar - Read Thinking, Fast and
Slow: Daniel Kahneman
2:55:20 PM Shankar
Sharma
fglobal.com read this book
2:55:27 PM Vignesh
Eswar
subhkam.com
yeah
2:55:32 PM Shankar
Sharma
fglobal.com amazing
2:55:37 PM Manoj Rawal thomsonreute
rs.com
hanuman chalis? LOL
2:55:39 PM Savio Shetty plindia.com ha ha ..We've read it both I guess
2:55:41 PM Shankar
Sharma
fglobal.com after that, u ll stop watching cnbc
2:55:54 PM Shankar
Sharma
fglobal.com and will laugh when somebody gives you a GDP
forecast
2:56:00 PM Bharat Shah ventura1.com time may come
2:56:06 PM Amar
Margaje
hdfcsec.com lol
2:56:31 PM Shankar
Sharma
fglobal.com guys, time to go
2:56:40 PM Manoj Rawal thomsonreute
rs.com
Alright sir..
2:56:41 PM Amar
Margaje
hdfcsec.com thnx lot sir
2:56:44 PM Anil Kumar
Bhansali
mecklai.com thks for the view sirji
2:56:52 PM Shankar
Sharma
fglobal.com any time guys
2:56:55 PM Suresh
Thanvi
sunteckwealth
max.com
Thanks a lot sir..Nice chatting with u
2:56:55 PM Shankar
Sharma
fglobal.com have fun
2:56:56 PM Pinky
Lapasia
askchirag.co
m
Thanks a lot... For your time & view sir
2:56:59 PM Shankar
Sharma
fglobal.com take it easy
2:56:59 PM Sajjid Lala hdfcsec.com thnx shankar
2:57:02 PM Vignesh
Eswar
subhkam.com
Tx Shankar!
2:57:04 PM Sangameswar
Iyer
subhkam.com
Hi Sir - it was agreat learning while working under
you and great to catch up with you so many years
later
2:57:05 PM Ankit
Chaudhary
askchirag.co
m
Thanks a lot sir..
2:57:07 PM Dhairya Shah aifl.net grt to have ur vies sir
2:57:07 PM Bharat Shah ventura1.com thanks
2:57:12 PM Shankar
Sharma
fglobal.com and don’t take this market shit too seriously'
2:57:16 PM Manoj Rawal thomsonreute
rs.com
Thanks a lot for all your views and sharing your
time with us
2:57:19 PM Shankar
Sharma
fglobal.com or you will go mad
2:57:22 PM Shankar
Sharma
fglobal.com bye