transcript shankar sharma april 02

1:59:41 PM Manoj Rawal thomsonreute

rs.com

Time to start our today's session with Shankar

Sharma and Alok Kumar now...


rs.com

Please welcome both of them...


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


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


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


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?

mailto:[email protected]

https://inside.thomsonreuters.com/Trading/india/Pages/default.aspx

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


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


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


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


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


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


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


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


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


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


Mehta

universalsom

po.com

Sir your views on Aviation sector?

2:25:05 PM Pinky

Lapasia

askchirag.co

m

IVRCL?


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


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


o.in

thanks Sir for your view

2:25:55 PM Shankar

Sharma

fglobal.com yes agree on copper


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


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??


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?


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


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


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


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


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


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


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


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


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


rs.com

IPL days here anyways

2:46:57 PM Shankar

Sharma

fglobal.com jaisa market, waisa game' yes


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


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


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


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


rs.com

Alright sir..

2:56:41 PM Amar

Margaje

hdfcsec.com thnx lot sir


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!


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'


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


mailto:[email protected]


transcript shankar sharma april 02

Documents