Shankar Sharma, the founder of stock brokerage firm Sharekhan, provided his outlook on the Indian markets and economy during an online discussion. He said his outlook for India and emerging markets is negative for the whole year. Some of the triggers for his bearish view include a terrible global macroeconomic environment and disappointing economic data from India and other BRIC countries. However, he remains positive on some sectors like IT, pharma, and consumer stocks. He also expressed negative views on banks, real estate, gold, and metals. Overall, he expects the Nifty index to fall below the 5000 level within a year due to various domestic and global headwinds.

1. -

2. 1:59:41 PM Manoj Rawal thomsonreute Time to start our today's session with Shankar
rs.com Sharma and Alok Kumar now...
1:59:57 PM Manoj Rawal thomsonreute Please welcome both of them...
rs.com
2:00:13 PM Manoj Rawal thomsonreute Hello Mr Shankar Sharma, welcome to Trading
rs.com India
2:00:14 PM Anil Kumar mecklai.com welcome sir
Bhansali
2:00:18 PM Shankar fglobal.com thanks
Sharma
2:00:34 PM Vignesh subhkam.com Hi Shankar! It’s been a while...
Eswar
2:00:37 PM Dipika thomsonreute Welcome to Trading India...Shankar and Alok
Lalwani rs.com
2:00:45 PM Shankar fglobal.com sure thanks
Sharma
2:01:07 PM Manoj Rawal thomsonreute Starting with a first question: your outlook on the
rs.com Indian markets please?
2:01:27 PM Shankar fglobal.com outlook is negative for India and overall, emerging
Sharma markets
2:01:50 PM Vignesh subhkam.com on what time frame are you negative
Eswar
2:02:00 PM Shankar fglobal.com this whole year
Sharma
2:02:16 PM Manoj Rawal thomsonreute we read your report released few weeks back on
rs.com BRIC countries and it seems you predict a crash
there? what makes you feel that way?
2:02:16 PM Vignesh subhkam.com ok....
Eswar
2:02:36 PM Shankar fglobal.com brics are standing the edge of a major growth cliff
Sharma
2:02:37 PM Anil Kumar mecklai.com sir a few months ago you were bullish on Indian
Bhansali markets what has made you change your view?
2:02:49 PM Shailendra universalsom which sectors could remain positive?
Mehta po.com
2:02:55 PM Shankar fglobal.com yes, we were very bullish all of 2012
Sharma
2:03:10 PM Shankar fglobal.com but we changed our view in Jan this year
Sharma
2:03:38 PM Vignesh subhkam.com what were the triggers?

3. Eswar
2:03:41 PM Hitesh Lad asia.bnpparib so to be clear on view Sir..are you not bullish
as.com anymore? or you are bearish?
2:03:48 PM Shankar fglobal.com we are positive on IT, pharma, consumers like
Sharma united spirits, Tata coffee, nestle, etc
2:03:51 PM Shaunpaul idbi.co.in What are the factors that led to this change -
Kavalakatt political scenario/macroeconomics/global?
2:04:12 PM Shankar fglobal.com triggers will be a terrible global macro
Sharma environment, and very disappointing data from
India and Bric pack
2:04:16 PM Suresh sunteckwealth Good Afternoon Sir, Your name has been a
Thanvi max.com 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 fglobal.com we are neither bullish or bearish.
Sharma
2:04:53 PM Shankar fglobal.com we get paid to be right
Sharma
2:05:00 PM Deepan icicilombard.c Do u have any target for Indian Rupee?
Bafna om
2:05:08 PM Shankar fglobal.com so whichever side we play, we have to be right
Sharma
2:05:20 PM Shankar fglobal.com last year we were very bullish from Jan itself
Sharma
2:05:29 PM Shankar fglobal.com when everybody was very negative
Sharma
2:05:36 PM Shankar fglobal.com this year we turned bearish
Sharma
2:05:37 PM Vignesh subhkam.com are any of your relative strength models
Eswar corroborating the bearish stance...
2:06:00 PM Shankar fglobal.com when the whole street and foreign brokers start
Sharma singing in joy, we turn cautious
2:06:08 PM Sangameswar subhkam.com Hi Sir - any particular stocks in IT which u like
Iyer
2:06:20 PM Shankar fglobal.com hcl tech
Sharma
2:06:27 PM Shankar fglobal.com infy
Sharma
2:06:27 PM Amar hdfcsec.com your view on Indian politics ?early elections
Margaje possible ?
2:06:31 PM Shankar fglobal.com techm
Sharma
2:06:41 PM Suresh sunteckwealth what basic parameters u look into before arriving
Thanvi max.com at a positive view..?

4. 2:06:49 PM Shankar fglobal.com no, I don’t think there will early elections, but who
Sharma can tell in politics'
2:06:58 PM Santosh goodfortunec Good Afternoon Sir do u expect a early election
Chandane apitals.com
2:07:07 PM Pinky askchirag.co INR view?
Lapasia m
2:07:09 PM Shankar fglobal.com we have a very complex system, so kind of hard to
Sharma say which parameters
2:07:17 PM Shankar fglobal.com INR looks bearish
Sharma
2:07:29 PM Suresh sunteckwealth few basic ones if u can highlight it would be quite
Thanvi max.com a lesson for us all
2:07:41 PM Pinky askchirag.co any targets for 13-14
Lapasia m
2:07:41 PM Deepan icicilombard.c any targets for INR this year?
Bafna om
2:07:47 PM Anusmit hsbc.co.in Hi Sir, what’s your take on PSU Banks would you
Mazumdar look to be positive in the near term and any
particular name you like or hate
2:07:48 PM Shankar fglobal.com look at breadth as a good indicator
Sharma
2:07:58 PM Shankar fglobal.com banks we are negative on
Sharma
2:08:09 PM Amar hdfcsec.com view on interest rates, rbi policy?
Margaje
2:08:10 PM Shankar fglobal.com we see banks being the single biggest area of loss
Sharma 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 fglobal.com the rbi has messed up with the rate policy
Sharma
2:08:37 PM Shankar fglobal.com it is now too late to cut now and revive growth
Sharma
2:08:53 PM Shankar fglobal.com the emerging mkt story is over for now
Sharma
2:08:53 PM Amar hdfcsec.com do u see rate cut in coming policy /
Margaje
2:09:05 PM Ritesh spasecurities. Hi Sir, your view on India govt. Bond yields. Is at
Badjatya com 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 hsbc.co.in whats your take on SBI especially in the light of
Mazumdar an impending chairman change and wage
negotiation

5. 2:09:12 PM Shankar fglobal.com yes there will be a rate cut ahead but he has left it
Sharma too late
2:09:19 PM Santosh goodfortunec Sir what is your view on nifty keeping in mind big
Chandane apitals.com FIIS buying
2:09:21 PM Anusmit hsbc.co.in and low credit growth
Mazumdar
2:09:21 PM Amar hdfcsec.com hmm
Margaje
2:09:21 PM Shankar fglobal.com yes bonds are good investment
Sharma
2:09:41 PM Shailendra universalsom ur views on stocks like Core, HDIL, Aanjaneya
Mehta po.com
2:09:44 PM Suresh sunteckwealth whats more killing the growth prospects today
Thanvi max.com delay in easing or bad governance..?
2:09:46 PM Shankar fglobal.com what FIIs buy or sell has little meaning
Sharma
2:09:58 PM Santosh goodfortunec hum
Chandane apitals.com
2:10:16 PM Shankar fglobal.com I pay no attention to fii flows, etc etc
Sharma
2:10:17 PM Pinky askchirag.co which is the best assets to allocate funds ...
Lapasia m
2:10:28 PM Shankar fglobal.com bonds and fixed income
Sharma
2:10:52 PM Manoj Rawal thomsonreute what do you make of the recent mid-cap crash?
rs.com fallen off the cliff down in the valley...
2:10:56 PM Pinky askchirag.co Any stocks Like TataM which u picked last time
Lapasia m ... Could be a bet for long term ...
2:11:10 PM Shankar fglobal.com we are now short on tata motors
Sharma
2:11:25 PM Shankar fglobal.com now, tata coffee looks a great buy
Sharma
2:11:39 PM Shankar fglobal.com tata motors has peaked out in terms of jlr potential
Sharma
2:12:08 PM Kartik Mehta antiquelimite what views on Infra pls
d.com
2:12:09 PM Shankar fglobal.com tata coffee is underwoned, a grt consumer play, at
Sharma 17x earnings, free cash positive, tata compny
2:12:10 PM Ritesh spasecurities. so other than Govt bonds, is bonds listed on
Badjatya com exchanges like IRFC , NHAI , PFC, SRTRANS
etc. is good or stick to govt. bonds only
2:12:20 PM Shankar fglobal.com infra we have been negatv for five years
Sharma
2:12:21 PM Vignesh subhkam.com Re - i pay no attention to fii flows, etc etc - I have

6. 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 Hi sir , what is your view on Reality & Gold ?
m
2:12:47 PM Shankar fglobal.com gold we are negative on
Sharma
2:12:51 PM Sangameswar subhkam.com Sir - what is your view on maruti & the auto space
Iyer in general
2:12:56 PM Amar hdfcsec.com saw your article on broking ind - crystal ball,
Margaje what’s view ?
2:13:02 PM Jinesh Sheth sharekhan.co Reality?
m
2:13:28 PM Shankar fglobal.com maruti is ok...but we see the car mkt being v
Sharma 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 askchirag.co Crude oil WTI what’s your view , Last report
Lapasia m 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 fglobal.com the inr can be 56+
Sharma
2:14:04 PM Shankar fglobal.com yes the view on the broking industry is what it is
Sharma
2:14:11 PM Sangameswar subhkam.com true that’s why I wanted to know - any particular
Iyer event / trigger point which could make u change
the stance
2:14:19 PM Shankar fglobal.com oil looks bearish
Sharma
2:14:24 PM Shankar fglobal.com we see 80 on it
Sharma
2:14:25 PM Santosh goodfortunec what your view on pharma sector considering yest
Chandane apitals.com SC decision on Novartis
2:14:32 PM Shankar fglobal.com and all metals look terrible too
Sharma
2:14:41 PM Shankar fglobal.com domestic pharma is great
Sharma
2:14:58 PM Pinky askchirag.co bearish oil / metals / gold .. isn’t it good For india
Lapasia m growth story ?
2:15:11 PM Shankar fglobal.com in theory, that is good
Sharma

7. 2:15:23 PM Shankar fglobal.com in reality, that’s a diff story altogether
Sharma
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 askchirag.co Do u follow technical analysis ... ever?
Lapasia m
2:15:37 PM Shankar fglobal.com below 5000, for sure
Sharma
2:15:48 PM Shankar fglobal.com i follow everything
Sharma
2:16:02 PM Shankar fglobal.com idea is to get mkts right, so whatever it takes
Sharma
2:16:08 PM Priyanka edelcap.com Do you see similarity between south east Asian
Shah currency crisis of 1997 & current Indian macro
situation?
2:16:23 PM Pinky askchirag.co bearish Stance is based on technical’s or
Lapasia m fundamentals
2:16:35 PM Shankar fglobal.com not really...but I see a big slowdown even in the
Sharma coming year
2:16:49 PM Shankar fglobal.com and bric pack looks toast
Sharma
2:16:56 PM Dhiraj Papnai edelcap.com lol
2:17:00 PM Amar hdfcsec.com lol
Margaje
2:17:04 PM Pinky askchirag.co lol
Lapasia m
2:17:08 PM Sajjid Lala hdfcsec.com lol
2:17:11 PM Shankar fglobal.com bearish stance is always based on entire reading of
Sharma global macro and fundamentals
2:17:26 PM Shankar fglobal.com as well as broad technical’s
Sharma
2:17:39 PM Ankit askchirag.co In how many years do u see NIFTY hitting new
Chaudhary m life time highs?
2:17:55 PM Shankar fglobal.com not for a long time
Sharma
2:17:58 PM Pinky askchirag.co EURO/USD
Lapasia m
2:18:03 PM Suresh sunteckwealth will u give a thumsup for return of UPA-3 after
Thanvi max.com elections?
2:18:10 PM Shankar fglobal.com euro looks very weak
Sharma
2:18:14 PM Ritesh spasecurities. so other than Govt bonds, is bonds listed on
Badjatya com exchanges like IRFC , NHAI , PFC, SRTRANS

8. 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 fglobal.com no, u can buy other bonds as well
Sharma
2:18:38 PM Shankar fglobal.com I am a UPA voter so always want it to be in power
Sharma
2:18:51 PM Amar hdfcsec.com Other than Tata coffee & IT any other stocks to
Margaje hide?
2:18:53 PM Shankar fglobal.com fmcgs look good this year, as bear market plays
Sharma
2:19:10 PM Manoj Rawal thomsonreute despite what happened in UPA-1 & UPA-II
rs.com tenure? No reforms that is?
2:19:25 PM Shankar fglobal.com I disagree
Sharma
2:19:33 PM Shankar fglobal.com there have been major reforms in both periods
Sharma
2:19:38 PM Priyanka edelcap.com What’s your view on US markets?
Shah
2:19:46 PM Shankar fglobal.com negative on US markets
Sharma
2:19:50 PM Anil Kumar mecklai.com but what about the scams that have happened?
Bhansali
2:19:55 PM Suresh sunteckwealth and even lost opportunity in many cases Sir..
Thanvi max.com
2:19:55 PM Shankar fglobal.com but US will outperform this year
Sharma
2:20:02 PM Shankar fglobal.com there are no scams
Sharma
2:20:09 PM Shankar fglobal.com thats a CAG created myth
Sharma
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 fglobal.com in 2g, there is no evidence till date that raja took
Sharma any money
2:20:36 PM Amar hdfcsec.com Agree
Margaje
2:20:38 PM Shankar fglobal.com the smaller marktes like Philippines etc look good
Sharma
2:21:03 PM Shankar fglobal.com banks will lead the fall
Sharma
2:21:14 PM Dhairya Shah aifl.net k. thx
2:21:25 PM Shankar fglobal.com banks look shaky...poor deposit growth, in credit
Sharma credit/deposit ratio
2:21:28 PM Suresh sunteckwealth Sir for Indian investors..? Where should they be

9. Thanvi max.com heading Bank FD’s..
2:21:34 PM Shankar fglobal.com yes bank FDs
Sharma
2:21:42 PM Ritesh spasecurities. thanx sir.
Badjatya com
2:21:49 PM Shankar fglobal.com return of capital is more important than return on
Sharma capital
2:22:02 PM Kartik Mehta antiquelimite how would the markets react to Narendre modi
d.com becoming a prime minister candidate?
2:22:21 PM Shankar fglobal.com the gujus will dance on the streets
Sharma
2:22:22 PM Suresh sunteckwealth agreed..so we might have better deposit ratios
Thanvi max.com which is good
2:22:29 PM Shankar fglobal.com am not sure about the rest of india
Sharma
2:22:31 PM Kartik Mehta antiquelimite lol
d.com
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 mecklai.com so u don’t think that the fall out in the market is
Bhansali because of the policies made by UPA or in fact no
policies made by UPA
2:22:42 PM Amar hdfcsec.com lol
Margaje
2:22:57 PM Shankar fglobal.com markets have been bad globally
Sharma
2:23:09 PM Shankar fglobal.com I ll give you three villains
Sharma
2:23:17 PM Shankar fglobal.com CAG, RBI and Supreme court
Sharma
2:23:21 PM Sajjid Lala hdfcsec.com Lol
2:23:25 PM Shankar fglobal.com they are the reason why we r in this mess
Sharma
2:23:27 PM Priyanka edelcap.com Within banking what’s your call on pvt banks?
Shah
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 sunteckwealth mkts have been bad globally....????? sir markets
Thanvi max.com globally are at multi year highs..
2:23:43 PM Utkarsh rcap.co.in @ Shankar what is u outlook on MNC Pharma
Maheshwari names post yesterday's verdict
2:23:53 PM Shankar fglobal.com no...thats only the US
Sharma

10. 2:24:11 PM Shankar fglobal.com and western markets have been given a supportive
Sharma monetary policy
2:24:15 PM Pinky askchirag.co what’s your u r view on MEDIA sector &
Lapasia m education Stocks Like Mt edu / tree house ...
2:24:24 PM Shankar fglobal.com in india, the rbi has screwed everybody by killing
Sharma growth
2:24:34 PM Shankar fglobal.com I don’t follow media or education stocks
Sharma
2:24:39 PM Sailesh Jain quantcapital.c what’s your view on OIL PSU's & Reliance ?
o.in
2:24:40 PM Santosh goodfortunec your view on reliance sir
Chandane apitals.com
2:24:54 PM Shankar fglobal.com been negative on reliance for 5 years now
Sharma
2:25:04 PM Shankar fglobal.com don’t know about oil osus
Sharma
2:25:04 PM Shailendra universalsom Sir your views on Aviation sector?
Mehta po.com
2:25:05 PM Pinky askchirag.co IVRCL?
Lapasia m
2:25:10 PM Sailesh Jain quantcapital.c and OIL PSU's sir
o.in
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 fglobal.com aviation is a crap business
Sharma
2:25:21 PM Shankar fglobal.com so is infra
Sharma
2:25:28 PM Pinky askchirag.co MCX?
Lapasia m
2:25:34 PM Shankar fglobal.com Am ambivalent on oil and gas
Sharma
2:25:41 PM Manoj Rawal thomsonreute re: RBI, would say that Reddy was far better Guv
rs.com as compared to Subbarao in taming inflation?
2:25:42 PM Santosh goodfortunec h-lever and itc view sir
Chandane apitals.com
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 fglobal.com don’t follow MCX, but am not bullish on stock
Sharma exchanges
2:25:53 PM Sailesh Jain quantcapital.c thanks Sir for your view
o.in
2:25:55 PM Shankar fglobal.com yes agree on copper
Sharma

11. 2:25:55 PM Sangameswar subhkam.com Any particular names in Pharma where u feel
Iyer 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 fglobal.com sun, lupin
Sharma
2:26:09 PM Priyanka edelcap.com Within banking what’s your call on pvt banks?
Shah
2:26:13 PM Shankar fglobal.com unsp is fine
Sharma
2:26:30 PM Amar hdfcsec.com tata global
Margaje
2:26:32 PM Shankar fglobal.com we are negative on pvt and psu banks...valuations
Sharma 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 fglobal.com no, tata coffe, i like
Sharma
2:26:48 PM Shankar fglobal.com not tata global
Sharma
2:26:54 PM Amar hdfcsec.com k
Margaje
2:27:03 PM Shankar fglobal.com no, I don’t like the oil n gas sector
Sharma
2:27:11 PM Santosh goodfortunec your view on itc and H-lever sir
Chandane apitals.com
2:27:23 PM Shankar fglobal.com both look like ok bets for this year
Sharma
2:27:29 PM Sangameswar subhkam.com Sir but does the valuation provide the comfort in
Iyer these names (Sun especially)
2:27:30 PM Jitendra edelcap.com So where do you sell Nifty again? Sell here?
Mehta
2:27:30 PM Shankar fglobal.com at least we won’t lose 40% in those
Sharma
2:27:36 PM Sajjid Lala hdfcsec.com your view on Nestle sir
2:27:42 PM Shankar fglobal.com in good stocks, valuation is always high
Sharma
2:27:46 PM Shankar fglobal.com in reliance it is always low
Sharma
2:27:51 PM Shankar fglobal.com so you decide
Sharma
2:28:25 PM Ritesh spasecurities. true certainty always command premium
Badjatya com
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

12. Chandane apitals.com able to garner the good amount
2:28:35 PM Shankar fglobal.com good
Sharma
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 fglobal.com let’s see about divestment
Sharma
2:28:59 PM Shankar fglobal.com now all divestments go to LIC
Sharma
2:29:20 PM Shankar fglobal.com the FII’s are largely ETF driven
Sharma
2:29:30 PM Shankar fglobal.com so they can reverse very quickly
Sharma
2:29:53 PM Shankar fglobal.com let’s not start believing that FII’s are here for
Sharma us...they r momentum driven ETFs
2:29:54 PM Ankit askchirag.co Technically, what level on Nifty if crossed will
Chaudhary m 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 fglobal.com 5% above all time high
Sharma
2:30:18 PM Jitendra edelcap.com Where do you sell Nifty now?
Mehta
2:30:18 PM Gaurav Lohia hdfcbank.com of you think that 5 yrs only ETF has come in
2:30:22 PM Shankar fglobal.com you see...the beauty about India is this
Sharma
2:30:28 PM Shankar fglobal.com that Fii’s can never exit
Sharma
2:30:34 PM Shankar fglobal.com they can only enter
Sharma
2:30:37 PM Shankar fglobal.com but never exit
Sharma
2:30:44 PM Shankar fglobal.com it’s like the mafia
Sharma
2:30:49 PM Shankar fglobal.com u can join
Sharma
2:30:51 PM Vignesh subhkam.com like hotel California
Eswar
2:30:52 PM Shankar fglobal.com but never leave
Sharma

13. 2:30:56 PM Manoj Rawal thomsonreute haha
rs.com
2:30:58 PM Shankar fglobal.com yeah
Sharma
2:31:03 PM Amar hdfcsec.com hahaha
Margaje
2:31:03 PM Sajjid Lala hdfcsec.com lol
2:31:07 PM Shankar fglobal.com paresh rawal said this to sanjay dutt in Naam
Sharma
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 fglobal.com yahan par 1 billion bechega to lower circuit
Sharma
2:31:32 PM Shankar fglobal.com this market is a fraud market'
Sharma
2:31:35 PM Shankar fglobal.com there is zero depth
Sharma
2:31:52 PM Shankar fglobal.com Emkay sold 600 crs by mistake we had lower
Sharma circuit'
2:31:57 PM Suresh sunteckwealth Sir, would u advise govt to take some actions to
Thanvi max.com revive this fraud markets..?
2:32:15 PM Shankar fglobal.com so india very smartly made a market where Fii’s
Sharma can only buy
2:32:18 PM Shankar fglobal.com but never sell
Sharma
2:32:27 PM Suresh sunteckwealth as its bread and butter for all of us..
Thanvi max.com
2:32:36 PM Shankar fglobal.com only that stupid institution called RBI can do
Sharma something
2:32:42 PM Priyanka edelcap.com What’s your call in Japanese Yen and Nikkei?
Shah
2:32:45 PM Shankar fglobal.com let’s find some other bread and butter
Sharma
2:32:49 PM Shankar fglobal.com or just bread
Sharma
2:32:55 PM Shankar fglobal.com forget about the butter
Sharma
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 sunteckwealth u did leave market last year or year before ..but as
Thanvi max.com u say it’s like mafia u have to enter back can’t stay
away from this..

14. 2:33:35 PM Shankar fglobal.com who has turned bearish now, who was bullish at
Sharma 21k in 2008?
2:33:38 PM Suresh sunteckwealth your personal experience
Thanvi max.com
2:33:55 PM Shankar fglobal.com I never left markets
Sharma
2:34:02 PM Shankar fglobal.com I only said I have stopped investing
Sharma
2:34:07 PM Shankar fglobal.com In the stock markets
Sharma
2:34:12 PM Shankar fglobal.com and do more bonds now
Sharma
2:34:33 PM Suresh sunteckwealth read an interview about u leaving markets and
Thanvi max.com focusing on Education sector in popular financial
Daily
2:34:57 PM Priyanka edelcap.com What’s your call in Japanese Yen and Nikkei?
Shah
2:35:01 PM Shankar fglobal.com yes, but the reporter made it seem as if I have quit
Sharma markets. I only said I don’t have the time for
investing
2:35:12 PM Shankar fglobal.com japan 's run is more or less done
Sharma
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 fglobal.com I think sell side conciseness is fairly bullish even
Sharma now
2:36:05 PM Vignesh subhkam.com maybe they just got wiser since then....
Eswar
2:36:08 PM Shankar fglobal.com it was v bearish in Dec 2011
Sharma
2:36:23 PM Shankar fglobal.com now consensus is reasonably bullish
Sharma
2:36:33 PM Ankit askchirag.co Sir you will wait for 6670 on Nifty to cross to turn
Chaudhary m bullish .. Isn’t that too far.. You will miss the
whole rally if it comes
2:37:01 PM Shankar fglobal.com no we wont
Sharma
2:37:05 PM Shankar fglobal.com We’ll play it
Sharma
2:37:06 PM Suresh sunteckwealth And adding to Ankit’s Question what upside will u
Thanvi max.com look at post 6670
2:37:10 PM Shankar fglobal.com but we don’t have to believe it
Sharma
2:37:25 PM Amar hdfcsec.com long term view on Indian equities?

15. Margaje
2:37:28 PM Shankar fglobal.com playing something and believing in it are too diff
Sharma things
2:37:32 PM Amar hdfcsec.com 3.-5 yrs
Margaje
2:37:39 PM Shankar fglobal.com I never take long term view in equities
Sharma
2:37:49 PM Shankar fglobal.com equities are a short term game
Sharma
2:37:57 PM Shankar fglobal.com I don’t keep a demat account
Sharma
2:38:06 PM Sajjid Lala hdfcsec.com LOL
2:38:10 PM Ankit askchirag.co lol
Chaudhary m
2:38:13 PM Amar hdfcsec.com lol
Margaje
2:38:19 PM Manoj Rawal thomsonreute whoa! and we though money in equities can only
rs.com be made in long term!?
2:38:22 PM Atul Vitha eisec.com lol
2:38:26 PM Shankar fglobal.com keep everything ready to go
Sharma
2:38:33 PM Shankar fglobal.com which is why i always escape bear markets
Sharma
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 subhkam.com so in terms of diversification - from shallow Indian
Eswar equities - which other markets look interesting to
you from a trading perspective?
2:39:11 PM Shankar fglobal.com manoj, the problem is that funds give this long
Sharma term investing bs becos they want u to stay in their
funds for years and they make fees
2:39:19 PM Suresh sunteckwealth what would u advise your BIG BULL market
Thanvi max.com friend..?
2:39:20 PM Shankar fglobal.com all markets are tradeable
Sharma
2:39:30 PM Shankar fglobal.com who Rakesh?
Sharma
2:39:57 PM Shankar fglobal.com Haven’t met him for while lately
Sharma
2:40:06 PM Suresh sunteckwealth all BULL's fathers and god fathers.
Thanvi max.com
2:40:10 PM Shankar fglobal.com but midcaps have been crushed
Sharma
2:40:52 PM Suresh sunteckwealth 400-IPO now we don’t know...that’s a Scam

16. Thanvi max.com
2:40:55 PM Pinky askchirag.co any midcap u would like to pick up ...
Lapasia m
2:41:07 PM Shankar fglobal.com which IPO?
Sharma
2:41:12 PM Pinky askchirag.co I mean midcap which are small cap now
Lapasia m
2:41:12 PM Manoj Rawal thomsonreute now that you've raised midcaps - what do you
rs.com make of the recent mid-cap crash? Fallen off the
cliff down in the valley...
2:41:19 PM Suresh sunteckwealth A2Z..?
Thanvi max.com
2:41:20 PM Vignesh subhkam.com Shankar -you’ve been through a lot of tough times
Eswar 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 fglobal.com oh a2z
Sharma
2:41:41 PM Shankar fglobal.com Tata coffee is the only midcap we like
Sharma
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 fglobal.com sound business, good governace, consumer play
Sharma
2:42:02 PM Shankar fglobal.com lollllll
Sharma
2:42:07 PM Shankar fglobal.com thats a good one on a2z
Sharma
2:42:11 PM Manoj Rawal thomsonreute LOL Savio
rs.com
2:42:21 PM Suresh sunteckwealth A groupt to Z group
Thanvi max.com
2:42:28 PM Shankar fglobal.com nice one
Sharma
2:42:32 PM Shankar fglobal.com hota hai boss
Sharma
2:42:38 PM Shankar fglobal.com markets are great levellers
Sharma
2:42:46 PM Dhiraj Papnai edelcap.com true
2:43:08 PM Suresh sunteckwealth agree..
Thanvi max.com
2:43:09 PM Vignesh subhkam.com and blue jeans...

17. Eswar
2:43:10 PM Shankar fglobal.com idea is not to start believing in the market bullshit
Sharma
2:43:36 PM Shankar fglobal.com keep some distance from the hype
Sharma
2:44:31 PM Manoj Rawal thomsonreute and that’s what is I guess impossible.. can we stay
rs.com away from the screen glamour?
2:44:36 PM Suresh sunteckwealth whats are your key takeaways from Indian market
Thanvi max.com in your past 15-16 years
2:44:49 PM Shankar fglobal.com be sceptical
Sharma
2:44:57 PM Shankar fglobal.com about equities in general
Sharma
2:45:07 PM Shankar fglobal.com don’t become an evangelist
Sharma
2:45:11 PM Shankar fglobal.com it’s a movie
Sharma
2:45:14 PM Suresh sunteckwealth yeah about equities only i meant..
Thanvi max.com
2:45:20 PM Shankar fglobal.com so leave after 3 hrs
Sharma
2:45:47 PM Suresh sunteckwealth do u see return of bull phase back anytime soon...
Thanvi max.com
2:45:58 PM Shankar fglobal.com dont see it this year
Sharma
2:46:03 PM Suresh sunteckwealth we never had a new high since past 6 years
Thanvi max.com
2:46:12 PM Shankar fglobal.com but we can make money even in a bear market
Sharma guys
2:46:16 PM Shankar fglobal.com so don’t get depressed
Sharma
2:46:31 PM Amar hdfcsec.com that only u made boss
Margaje
2:46:34 PM Shankar fglobal.com t20, 50 overs, 5 day
Sharma
2:46:38 PM Shankar fglobal.com we can play all formats
Sharma
2:46:53 PM Manoj Rawal thomsonreute IPL days here anyways
rs.com
2:46:57 PM Shankar fglobal.com jaisa market, waisa game' yes
Sharma
2:49:08 PM Anil Kumar mecklai.com So to sum up nifty would go below 5000 this year
Bhansali and INR will remain weak investment should be
made in bonds and FMCG right?

18. 2:49:23 PM Suresh sunteckwealth and congress will be back in UPA-3
Thanvi max.com
2:49:42 PM Anil Kumar mecklai.com hahaha
Bhansali
2:49:47 PM Suresh sunteckwealth right AKB
Thanvi max.com
2:49:49 PM Shankar fglobal.com yes
Sharma
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 hdfcsec.com who u would like to see as next pm -
Margaje PC/namo/rahul ?
2:50:12 PM Shankar fglobal.com I hope so
Sharma
2:50:55 PM Shankar fglobal.com guys we don’t have to agree on everything
Sharma
2:51:03 PM Shankar fglobal.com PC
Sharma
2:51:06 PM Suresh sunteckwealth yeah we agree to disagree on Nifty
Thanvi max.com
2:51:10 PM Shankar fglobal.com Rahul in 2019
Sharma
2:51:17 PM Shankar fglobal.com let Namo first practise as head of bjp
Sharma
2:51:27 PM Suresh sunteckwealth or 2029 he is too young now
Thanvi max.com
2:51:37 PM Shankar fglobal.com usko pehle party mein consenus lanney do
Sharma
2:51:37 PM Anil Kumar mecklai.com what about manmohan singh sir?
Bhansali
2:51:49 PM Shankar fglobal.com yeah sure
Sharma
2:52:10 PM Shankar fglobal.com manmohan is great for the country
Sharma
2:52:14 PM Shankar fglobal.com but too old now
Sharma
2:52:48 PM Amar hdfcsec.com what about mulayam/sp/maya/jaya , they r in
Margaje waiting since 1991
2:52:55 PM Bharat Shah ventura1.com In politics no old word
2:53:11 PM Shankar fglobal.com true
Sharma
2:53:26 PM Shankar fglobal.com let’s see
Sharma
2:53:32 PM Shankar fglobal.com 2014 is far away

19. Sharma
2:53:37 PM Shankar fglobal.com we have to survive April
Sharma
2:53:44 PM Ritesh spasecurities. old is gold in politics
Badjatya com
2:54:02 PM Shankar fglobal.com yes..even Advani wants to be pm
Sharma
2:54:02 PM Jitendra edelcap.com Coming back to markets, what are any new books
Mehta you would recommend a trader to read
2:54:22 PM Amar hdfcsec.com hanuman chalisa
Margaje
2:54:26 PM Shankar fglobal.com haven’t read a book on markets for a long time
Sharma
2:54:35 PM Shankar fglobal.com hanuman chalisa a good bet
Sharma
2:54:47 PM Shankar fglobal.com hedge funds off the record
Sharma
2:54:51 PM Shankar fglobal.com by steven drobny
Sharma
2:55:00 PM Shankar fglobal.com but one book all of u MUST read is
Sharma
2:55:07 PM Bharat Shah ventura1.com that is why your prediction are going right
2:55:11 PM Shankar fglobal.com Thinking Fast, Thinking Slow
Sharma
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 fglobal.com read this book
Sharma
2:55:27 PM Vignesh subhkam.com yeah
Eswar
2:55:32 PM Shankar fglobal.com amazing
Sharma
2:55:37 PM Manoj Rawal thomsonreute hanuman chalis? LOL
rs.com
2:55:39 PM Savio Shetty plindia.com ha ha ..We've read it both I guess
2:55:41 PM Shankar fglobal.com after that, u ll stop watching cnbc
Sharma
2:55:54 PM Shankar fglobal.com and will laugh when somebody gives you a GDP
Sharma forecast
2:56:00 PM Bharat Shah ventura1.com time may come
2:56:06 PM Amar hdfcsec.com lol
Margaje
2:56:31 PM Shankar fglobal.com guys, time to go
Sharma

20. 2:56:40 PM Manoj Rawal thomsonreute Alright sir..
rs.com
2:56:41 PM Amar hdfcsec.com thnx lot sir
Margaje
2:56:44 PM Anil Kumar mecklai.com thks for the view sirji
Bhansali
2:56:52 PM Shankar fglobal.com any time guys
Sharma
2:56:55 PM Suresh sunteckwealth Thanks a lot sir..Nice chatting with u
Thanvi max.com
2:56:55 PM Shankar fglobal.com have fun
Sharma
2:56:56 PM Pinky askchirag.co Thanks a lot... For your time & view sir
Lapasia m
2:56:59 PM Shankar fglobal.com take it easy
Sharma
2:56:59 PM Sajjid Lala hdfcsec.com thnx shankar
2:57:02 PM Vignesh subhkam.com Tx Shankar!
Eswar
2:57:04 PM Sangameswar subhkam.com Hi Sir - it was agreat learning while working under
Iyer you and great to catch up with you so many years
later
2:57:05 PM Ankit askchirag.co Thanks a lot sir..
Chaudhary m
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 fglobal.com and don’t take this market shit too seriously'
Sharma
2:57:16 PM Manoj Rawal thomsonreute Thanks a lot for all your views and sharing your
rs.com time with us
2:57:19 PM Shankar fglobal.com or you will go mad
Sharma
2:57:22 PM Shankar fglobal.com bye
Sharma