yahoo messenger archive - 4th september

4th september 2008

madhav ranade (9/4/2008 9:50:32 AM): good morning ! i dont want to repeat what i said on monday morning - opening message ..... we r an immature market .... thats about all ...... read my blog http://sumamurauvach.blogspot.com/ u can also read my mondays comments over there ..... if u wish to read .....
madhav ranade (9/4/2008 9:53:04 AM): NSG meet .... read following articles ..... http://www.washingtonpost.com/wp-dyn/content/article/2008/09/02/AR2008090202733.html http://www.ndtv.com/convergence/ndtv/story.aspx?id=NEWEN20080063976 http://abcnews.go.com/Politics/WireStory?id=5685057&page=1
madhav ranade (9/4/2008 10:17:35 AM): call premiums on many stocks hv collapsed ..... that means market is not looking at any upside imdtly .....
madhav ranade (9/4/2008 10:20:16 AM): reliance 2250 call is trading lower than monday .... when spot was around same level ...... we r at the begining of fao contract ... so it is just change of sentiment .... no timevalue loss etc .......
madhav ranade (9/4/2008 10:39:38 AM): change / reduction in crude futures hv direct bearing on inflation in the western world incl japan ..... where the consumers are paying cost related pricing for petroproducts ..... we r insulated economy where the price of petroproducts is fixed by govt ..... we had no reason to react so vigorously as we did on tuesday ..... now that gain is getting liquidated ...... that is why i call ours is an immature market ......
madhav ranade (9/4/2008 10:49:24 AM): banks trying to stage a comeback ....... last 2 days a grapevine campaign is on ..... subbu is chiddus bunny ..... so all banking reforms will be now pushed thru quickly ..... many times bunny's hv shown there true colours and teeth .... when they get into that constitutional seat of power and then they work with their own conviction ...... when dr reddy took over from mr jalan, he was also considered as a pro finmin person but later on he showed that he was an upright man ..... i think some profits shud be taken from banking stocks ..... according to me ..... NSG is a very big trigger which is being underplayed ........
madhav ranade (9/4/2008 12:03:37 PM): shanghai / hangseng looking better ..... we shud hv some mild upside .......
madhav ranade (9/4/2008 12:33:35 PM): ftse opened just 12 points plus ...... on the back of huge 121 point fall yesterday .... it was expected to open a bit higher ... let us watch for few mins for possible recovery ......
madhav ranade (9/4/2008 12:38:02 PM): yes .... now ftse 36 points up .... that is better ......
madhav ranade (9/4/2008 12:59:12 PM): nifty is weakening but go short with todays high as sl only when 4465 is broken on spot ......madhav ranade (9/4/2008 12:59:44 PM): nifty is weakening but go short with todays high as sl only when 4465 is broken on spot ......
madhav ranade (9/4/2008 1:20:12 PM): hangseng is again minus 200 from just minus 50 ......
madhav ranade (9/4/2008 1:23:08 PM): our nifty spot long level is 4476 .... on tuesday in euphoria it was taken out ..... but today it has prevailed .... so far ....
madhav ranade (9/4/2008 1:28:31 PM): nifty - short from 4465 .... already 35 points in the kity .... in just half an hour .......
madhav ranade (9/4/2008 1:34:26 PM): infact i used to like mr jalan .... who was very sophisticated ..... so much that at first i use to call dr reddy as a 'toad' ..... but later on, i think he took all the pressure put on him by finmin people in his stride ...... i think he has done a remarkable job in his tenure and highest regards are due to him ..... cheers ......
madhav ranade (9/4/2008 1:34:56 PM): infact i used to like mr jalan .... who was very sophisticated ..... so much that at first i use to call dr reddy as a 'toad' ..... but later on, i think he took all the pressure put on him by finmin people in his stride ...... i think he has done a remarkable job in his tenure and highest regards are due to him ..... cheers ......
madhav ranade (9/4/2008 1:37:58 PM): aban is now around 2185 ...... now we shud buy it on correction ..... it wl happen .... i think u wl get it around 2050/2080 zone .....
madhav ranade (9/4/2008 1:40:33 PM): nifty short posn created below 4465 can be exited .... if still on ......
madhav ranade (9/4/2008 2:28:06 PM): we shud hv some correction setting in nifty spot ..... go short below 4445 with sl of 4465 .......
madhav ranade (9/4/2008 3:09:17 PM): i feel nifty will slip about 20 points before close .... effectively testing days low ......