madhav ranade (10/24/2008 9:44:40 AM): good morning ! usual gap down expected ..... what haunts me a supreme court lawyer goofing up so badly .... and can u call in unintentional ..... link it with steadfast 8 % gdp growth projections till last week ..... and everything falls in place ...... we dont need such people and do we deserve them ..... i think not ..... but that is our polity ....... RIL results were surprising to say the least ...... may be they hv taken credit of last qtr inventory profit this qtr .... that is dressing up .... it was suggested by tulsiyan when he analysed results last qtr ..... punj lloyd has still not booked the massive loss .... they seem to be hoping that they wl not hv to book it as they may be able to cover it up as the time goes by ..... is it prudent corporate governance ???? you take a call ......
madhav ranade (10/24/2008 10:42:29 AM): mr gautam .... JM financial is on cnbc ..... this guy was extremely bullish on dow when it was moving between 11000/11700 ... for nearly a month .... he was then predicting a new high for dow .... now he is talking of 7500 ....... beware of such extremists ....... he put all investors in trouble by painting a very rosy picture of indian market then and now he is spreading panic ..... be cautious .....
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madhav ranade (10/23/2008 9:36:26 AM): good morning ! i am back in pune .... all the talk of banning shorts was holding market on tuesday and channels were thinking that was 'strength ' ..... it has happened umteen no times that we hv taken the correct call inspite of what channels are telling to the masses .... this was one more instance .... today 2920 is crucial nifty spot level ... we hv to trade above that to show any strength ..... pl watch that .....
madhav ranade (10/23/2008 1:58:39 PM): just about 20 % of FII selling in last 2 weeks has come from borrowed shares .... which is not really very huge ..... as if to think that is the only point that is bugging indian market ...... we may hv a bounce for a day or two ...... but that shud be about all ... FIIs wl find push delivery based selling ....... if they hv to sell and then no one can stop them ......
madhav ranade (10/23/2008 2:08:32 PM): chiddu .... till last week ... kept on saying that 8 % gdp growth is possible ..... 2 days ago ... PM gives out a figure of 7 % ..... govt is behaving as if 1 % reduction in growth comes at no cost .... actually that acceptance of 7 % wud hv unnerved many FIIs as we will deliver closer to 6 % actually ....... look at it from this angle .... we r going to hv a lot of selling ..... not only from hedge funds but even from long only funds .... who hv now become jittery .... watch out .......
madhav ranade (10/23/2008 2:21:39 PM): how many of u hv read today that in next one year 89 billion dollars of short term loans will hv to be repaid .... just imagine what wl happen to dollar rupee rate ... and then what incentive long only funds hv to remain invested ..... is it not better they sell out now and comeback ... if they want to .... may be 3/4 quarters down the line when the dollar rupee rate is more favourable to them ... i am sure some FIIs wl take this call on INDIAN market as yr own PM has now acknoledged difficult times ahead ..... think and think really hard ......
madhav ranade (10/23/2008 2:30:57 PM): many of us are still thinking that the the problem that the market has can be treated OPD procedures like rate cut / shorts ban etc ..... actually patient needs to be admitted for long haul ... as the problem is rather serious and may be even fatal ...... pl understand .....i am trying to explain in many many different ways so that something will stick .... sooner the better .......
madhav ranade (10/23/2008 2:43:13 PM): SEBI is pushing to activate domestic LBM ... in that context it is absolutely skewed logic that u can borrow from LIC and short but u cant borrow from CALPERS ..... any comments ? ? ?
madhav ranade (10/23/2008 2:55:29 PM): bulls hv played out one more trump today ..... with no signficant and expected result ...... infact many of them only wud hv got trapped ...... now what remains is absolute short ban ... which wl result into either closure of futures market or only squaring allowed in futures .... if that happens ...most of the brokers wl go out of business as that is where the bulk of the brokerages are coming ......
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madhav ranade (10/21/2008 2:46:51 PM): if chennai petro results is to be taken as an indicator ...... both RPL and RIL need to be sold imdtly ........ atleast caution is reqd to cut longs ..... both ar high weightage stocks on nifty .... so we wl hv obvious implications on nifty ......
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