|
|
|
|
|
Want to know where the Sensex will be next month? Or, better still, what stocks to buy to make a killing? Just call on Someshwar Rao Nookala---a former chemical engineer and productivity consultant, but of late a stockmarket psychic. One of his predictions is that SEBI will continue to be the mess it is. A caveat: he likes charging in dollars. By E. Kumar Sharma
He foretells inspired by the movement of planets and interpretative gobbledygook. That is what gives him the confidence to declare that SEBI will be in a mess for another two years with or without D.R. Mehta. To him it is not just man alone but even institutions have specific birth charts. And it is by tracking the movement of all the related forces and peering through the dog-eared almanacs that Nookala makes his forecasts. Yet, it is not always gloom and doom. Take stockmarket behaviour as a case. To him the high point is round the corner. Nookala assesses that the Sensex will touch an all time high on May 17 or 18 and not rise to those levels again at least for a year. For those who are already seeing stars here is the Nookala logic: the Sensex will ``boom heavily and zoom lustily'' because Jupiter will cross the combination of a transiting Pluto influencing the solar arc advanced Jupiter and a natal Venus. If it seems like mumbo-jumbo here is his explanation about the database: this is based on a combined study of the new moon charts; solar ingress charts (Sun's entry into Aries, Cancer, Libra and Capricorn); and the declination charts (when planets move from southern declination to northern declination). No wonder, he dismisses financial analysts as those who dig up the past. They rely only on regression analysis and can only explain what has happened. According to him, experts have been making futile predictions about the stock markets when there is nothing in the theory of modern management sciences on either contingency planning or corporate planning. To Nookala only astrology can predict the stock market behaviour, corporate planning and its future performance. His solution is `Cosmic Cybernetics' and he has set up seven websites offering predictions and guidance to companies and individuals on the stock markets. So, click www.astroindexfutures.com, www.vediccorporatexcellence.com, www.e-technovision.com, www.astrolifeplanner.com, www.jyothiryoga.com, www.astro-medicine.com, and www.humanlifeprogrammed.org. So, where does CAs fail the Nookala theory. He says the problem with chartered accountants is that they stop at primary ratios and this does not help. Secondary ratios developed from the primary ratios followed by tertiary ratios developed from the secondary ratios and the interplay of the tertiary ratios are crucial to understand and predict corporate performance. Tertiary ratios include factors like the effects of ``top-heavy inventory''. This, he says, is derived from the ratios of current ratios, working capital, inventory turnover, and liabilities. For this, he also needs to read three years of company's balance sheets. For any forecast Nookala looks at three primary details: the date of incorporation (in the case of country, say India, it is the independence date), the date of beginning business and thirdly a history of the operations so far. Interestingly, in the case of a stock exchange it will also mean looking at the days the market was closed and the reasons. Nearly 95 per cent of the future performance is dependent on the planetary position and the balance is dominated by the individual's (or the management's) orientation to life. Of crucial importance are the attributes of a promoter, his planetary positions, and study in combination with the planetary position of the institution and the country at a particular point in time. For those who think the future is safe once they get a NASDAQ or NYSE listing, Nookala feels, everything could go wrong if the time of listing and the planetary combination of the above three does not gel well with the planetary position of NASDAQ and the NYSE. Incidentally, he has not studied NASDAQ, NYSE, Dow Jones and S&P 500 in detail but wants to now focus on them. But that does not deter him from making a forecast: the NASDAQ, Dow Jones and the NYSE will continue to witness the current fluctuations for the next few months. For those trying to comprehend the political economy, he has a forecast for them as well. The NDA may totter from September but will not fall while it leads to instability and uncertainty with an adverse impact on the stock markets. Like many astrologers he is past perfect. He pulls out a sheaf of press clippings to show he had predicted the stock market boom of February 1997 when it had crossed the 4,000 mark, predicted the Pokhran blasts and conflict with Pakistan along the border. They are all paid advertisements issued by him in The Economic Times that has recently 'scooped' and featured him as a great find. Ironically, Nookala for all
his forecasting skills does not play stocks. He relies on the rent from
seven shops in front of his dowdy home in the Nallakunta area of Hyderabad
and, of course, the forecast fees. He charges ten dollars for
macro-details and ten times as much to delve deeper to provide
micro-details. Whether he is paid in greenbacks or not, the fees is not
going to make him richer like his forecast of the rupee significantly
appreciating against the dollar between mid-July and mid-August 2001. |
|
Issue Contents Write to us Subscription Syndication INDIA TODAY | INDIA TODAY PLUS | COMPUTERS TODAY
| TEENS TODAY
© Living Media India Ltd |
 |
 |
How
does one make sense of the Sensex, the bulls and bears? A chemical
engineer and a productivity consultant, who once worked in the state-owned
and sick IDPL, says, he knows it all. Someswar Rao Nookala, 59, armed with
a M.Tech degree in industrial engineering, is an avid forecaster not only
of movement of shares on the stock market but the future of Indian
corporates and the volatility of the Indian rupee.