madhav ranade (11/7/2008 9:55:11 AM): good morning ! wednesday morning i had mentioned about the problems i was anticipating on US charts .... and how true was that .... a flttish opening with a slightly downward bias expected ...... eventually we wl get to 2550/2700 zone again .... may be in 2 days may be in a week .... and we shud plan to invest some money at that time ......
madhav ranade (11/7/2008 10:25:53 AM): fridays and yesterdays fall ...... i noticed that the stocks which had run very hard on the back of shortcovering by FII fear, hv fallen the most. that implies that FIIs hv created shorts in same stocks in some other way .... infact they will be happy that the could cover at lower levels and reopen shorts at higher levels ...... by intervening in the market too often .... we r giving opportunity to shortsellers to continue trading like this ......
madhav ranade (11/4/2008 10:19:08 AM): i feel that nearly 50 % of FII short covering is over and we will be back to normal trading from today ...... what happened on last 3 days shud be taken as an aberration and good opportunity to make some quick opportunistic gains. this is what i wrote on 1st evening - The preceding two weeks have seen a major upheaval in Indian markets. It was inconceivable at the beginning of the month that we will see a drop of 45 % at index level. I was predicting levels of 2550/2700 but these levels came rather too soon and even surpassed. We have seen a rather strong SEBI / RBI intervention over the weekend and we should cross 3000 level on nifty on Monday. The moot point is that whether we can hold these levels with any conviction if FII selling continues unabated. ..... I have a strong feeling that lows of last Monday – 27th October will hold as bottom for some time to come. But the point is that we have moved up rather sharply and including the coming Mondays gain, we would have moved nearly 40 % from the 27th October low. This will be unsustainable and we will give up half of those gains which will again take us to 2550/2700 levels. From there-on the recovery can start in the right earnest.
madhav ranade (11/3/2008 10:32:55 AM): somebody is saying total FII SLB posn is 6300 crores ..... in some stocks it may be high compared to total average deliveries but overall it is not HUUUUUUUUUUUGE considering that it has been built over last 3/4 months .....and that is why chandu bhave is not pulling the trigger .... may be .....
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment