11th sept 2008
madhav ranade (9/11/2008 9:52:56 AM): good morning ! markets are sentiment driven ..... yesterday we had a 280 point dow fall to stare at and still we did not open too weak ..... today dow is positive .... and we wl be looking at 100 nifty points fall .... may be .... that is life ......
madhav ranade (9/11/2008 11:15:35 AM): next possible nifty cash levels - 4311/4285 ..... let us see .....
madhav ranade (9/11/2008 11:22:28 AM): yesterday there was one tech analyst on CNBC ..... who said that US markets are not looking bad. what happens is that once u hv publicly taken a bullish stance, u wl do everything to justify that ..... it is not easy to accept thatsomething has gone wrong and may be the whole thing is not working out as expected ..... it can happen to anyone ... infact it does happen to everyone ... so to safeguard against that, we hv to ensure that we give correct sl level .... which is not so close as to trigger by a single spike but also not so deep that it wl leave a big scar when triggered .... you must hv seen my stoplosses are reasonable and no issue if it is triggered .....
madhav ranade (9/11/2008 11:35:16 AM): paru v: after nuclear deal everyone acted as if there is no stopping till 18000 madhav ranade: if u r reading my posts regularly, u wld hv known exactly what was coming ..... if u hv not read ... pl go to www.sumamurauvach.blogspot.com madhav ranade: udayan and all are childish, u shud see shanker sharamas interview .... u wl see how he was prodding him to give some bullish indications .....
madhav ranade (9/11/2008 12:46:32 PM): nifty cash ..... 4285 hit ......
madhav ranade (9/11/2008 12:51:04 PM): nifty spot .... if we break 4280 decisively ... we hv 4228 / 4176 on cards .......
madhav ranade (9/11/2008 1:18:19 PM): below 2000, reliance looks really dicey ...... on hourly chart we hv a gap between 1960/1965 ..... it may try to fill that gap today ...... with obviously disastrous consequences for nifty as well ............. watch out .......
madhav ranade (9/11/2008 3:26:25 PM): neyvelli - i wl start buying neyveli in 100/105 zone .... we r getting there .... buy 30 % in that zone .... another 30 % in 95 /100 zone and balance 40 % in 90/95 zone ..... to me it looks the best buy in power sector ..... with captive lignite mines and good cash in balance sheet ..... and no gujrath like directive hanging on the head ....
madhav ranade (9/11/2008 3:38:27 PM): crude below 102 ..... but now the US markets are not jubilant anymore ...... the zing in crude falling is gone ..... like inflation figure for our markets ..... bigger things to worry are hard economic realities ..... if lehman falls ... it is going to give a telling blow to american markets .... and may be we r nor far from it ..... inspite of the open govt coffers for any type and amount of funding ..... it is really a sad tale ....
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