Thursday, August 20, 2009
Tuesday, August 11, 2009
INDIAN way of doing business:
Three contractors are bidding to fix a broken fence at the White House in D.C. One from Bangladesh, another from India and the third, from China.
They go with a White House official to examine the fence.
The Bangladesh contractor takes out a tape measure and does some measuring, then works some figures with a pencil. "Well", he says, "I figure the job will run about $900. ($400 for materials, $400 for my team and $100 profit for me)".
The Chinese contractor also does some measuring and figuring, then says, "I can do this job for $700. ($300 for materials, $300 for my team and $100 profit for me)".
The Indian contractor doesn't measure or figure, but leans over to the White House official and whispers, "$2,700."
The official, incredulous, says, "You didn't even measure like the other guys! How did you come up with such a high figure?"
The Indian contractor whispers back, "$1000 for me, $1000 for you, and we hire the guy from China to fix the fence."
"Done!” replies the government official.
Three contractors are bidding to fix a broken fence at the White House in D.C. One from Bangladesh, another from India and the third, from China.
They go with a White House official to examine the fence.
The Bangladesh contractor takes out a tape measure and does some measuring, then works some figures with a pencil. "Well", he says, "I figure the job will run about $900. ($400 for materials, $400 for my team and $100 profit for me)".
The Chinese contractor also does some measuring and figuring, then says, "I can do this job for $700. ($300 for materials, $300 for my team and $100 profit for me)".
The Indian contractor doesn't measure or figure, but leans over to the White House official and whispers, "$2,700."
The official, incredulous, says, "You didn't even measure like the other guys! How did you come up with such a high figure?"
The Indian contractor whispers back, "$1000 for me, $1000 for you, and we hire the guy from China to fix the fence."
"Done!” replies the government official.
Tuesday, July 28, 2009
RBI Credit policy
RBI Credit Policy :
• RBI keeps key policy rates unchanged
• Repo rate unchanged at 4.75%
• Reverse repo rate unchanged at 3.25%
• RBI expects GDP to grow at 6% this fiscal
• Raises inflation forecast to 5%
• Money supply growth seen at 18%
• Scope for banks to cut the lending rates
• RBI keeps key policy rates unchanged
• Repo rate unchanged at 4.75%
• Reverse repo rate unchanged at 3.25%
• RBI expects GDP to grow at 6% this fiscal
• Raises inflation forecast to 5%
• Money supply growth seen at 18%
• Scope for banks to cut the lending rates
28-07-2009
Results today: BPCL, Grasim, HUL, 3i Infotech, ABG Shipyard, Bajaj Hindusthan, Everest Kanto, GMR Infra, GVK Power, HMT, Kingfisher, Kotak Mahindra Bank, McDowell Holdings, Mahindra Ugine, Mcleod Russel, Mercator Lines, Mundra Port, Neyveli Lignite, Religare, REC, Tata Tea G.M
Today RBI Credit Policy is alo there. Please trade with caution
Today RBI Credit Policy is alo there. Please trade with caution
Friday, July 3, 2009
Budget Strategy
Aggressive traders can buy 4300 PE and 4400 CE and try to sell both in profit on Monday as i expect market to swing both sides. My more bias is on negative side though. No matter what happens do not carry these positions post monday
Explaination:
Today call are positive and puts are also positive what does this imply ??? There are going to be sharp swings on both sides i suppose. As implied volatilities are high options premiums are also high. Traders who are long might not get a chance to exit also. Although Reliance slowly inching towards negative zone today... Remember it has become fundamentally weak also hence can prove to be a major laggard for Nifty. Plan to cover the Fiscal Deficit by selling Government stake in PSU's (Disinvestment lingo) can hit lots of hurdles... Who has got the money to buy stake in PSU's ? Who will buy as there is already a financial crunch ? Which bank will fund private players ? Last time i confirmed they told me entire world is in recession.
Explaination:
Today call are positive and puts are also positive what does this imply ??? There are going to be sharp swings on both sides i suppose. As implied volatilities are high options premiums are also high. Traders who are long might not get a chance to exit also. Although Reliance slowly inching towards negative zone today... Remember it has become fundamentally weak also hence can prove to be a major laggard for Nifty. Plan to cover the Fiscal Deficit by selling Government stake in PSU's (Disinvestment lingo) can hit lots of hurdles... Who has got the money to buy stake in PSU's ? Who will buy as there is already a financial crunch ? Which bank will fund private players ? Last time i confirmed they told me entire world is in recession.
Thursday, May 14, 2009
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