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Sunday, June 3, 2012
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4 June 2012 |
Our Recommendations |
M&M LTP RS 645.15 SELL BETWEEN RS 648-650 STOP LOSS RS 666 TARGET RS 604 (SPOT LEVELS) FOR 5-8 TRADING SESSIONS |
Fundamental Daily |
Market Roundup |
Technical Analysis |
• ON WEEKLY BASIS, INDEX LOST CLOSE TO TWO PERCENT AND STILL HOVERING AROUND 200 EMA ON WEEKLY CHART. TECHNICALLY, 4750-4770 IS THE NEXT CRUCIAL SUPPORT ZONE AND BREAKDOWN BELOW THE SAME MAY TRIGGER FRESH SELLING PRESSURE OTHERWISE BROADER RANGE CONSOLIDATION WILL CONTINUE IN 4750-5000 LEVEL. |
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Tuesday, May 29, 2012
What is ghostwriting?
Ghostwriting is a type of content creation work (both online and offline), which requires the creation of content pieces (articles, ebooks, biographies and other types of impersonal writing) for the employers. In a more simple way, I can state it the way I understand it, ghostwriters work directly for the employer and with their writing services they sell full rights for their work and agree that it may be attributed to other person, usually to the employer.
It might sound weird at first but this type content is in a big demand on contemporary market, so skilled writers should have no problem finding ghostwriting work thought numerous sites, which I will list or by starting their own portfolio and recruiting clients offline.
Just a quick note about structure, for those, who are looking just for resources for writing jobs, I will include them closer to the top of the article, i.e. the practical part will come before theoretical. Please scroll down first, if you are looking for tips and ideas on securing freelance writing jobs, then practical information can be found below and in the follow up posts, then links to which will be added later.
Forex Trading - Should You Invest?
Constant trading is done in the forex markets as time zones will vary and the markets will open in one country while another is near closing. What happens in one market will have an effect on the other countries forex markets, but it is not always bad or good, sometimes the margins of trading are near each other.
A forex market will be present when two countries are involved in trading, and when money is traded for goods, services or a combination of these things. Currency is the money that trades hands, from one to another. Often times, a bank is going to be the source of forex trading, as millions of dollars are traded daily. There is nearly two trillion dollars traded daily on the forex market. Should you get involved in forex trading? If you are already involved in the stock market, you have some idea of what forex trading really is all about.
The stock market involves buying shares of a company, and you watch how that company does, waiting for a bigger return. In the forex markets, you are purchasing items or products, or goods, and you are paying money for them. As you do this, you are gaining or losing as the currency exchange differs daily from country to country. To better prepare you for the forex markets you can learn about trading and purchasing online using free 'game' like software.
You will log on and create an account. Entering information about what you are interested in and what you want to do. The 'game' will allow you to make purchases and trades, involving different currencies, so you can then see first hand what a gain or loss will be like. As you continue on with this fake account you will see first hand how to make decisions based on what you know, which means you will have to read about the market changes or you will have to take a brokers information at value and play from there.
If you, as an individual want to be involved in forex trading, you must get involved through broker, or a financial institution. Individuals are also known as spectators, even if you are investing money because the amount of money you are investing is minimal compared to the millions of dollars that are invested by governments and by banks at any given time. This does not mean you can't get involved. Your broker or investment advisor will be able to tell you more about how you can be involved in forex trading. In the US, there are many regulations and laws in regards to who can handle forex trading for US citizens so if you are searching the internet for a broker, be sure you read the print, and the information about where the company is located and if it is legal for you to do business with that company.
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It was a flat close on Wall Street ahead of the FOMC meeting announcement taking place later in the day. Strong corporate earnings, however, drove most global markets higher. European markets bounced back to end in the green as Asia opened firm after Apple's earnings beat street estimates.
US Markets
The US markets closed mixed, ending off their session highs. Markets will be looking for the Federal Reserve's economic assessment and clues to future policy, including the probability of a third round of quantitative easing (QE), when it concludes its two-day policy meeting later on Wednesday.
Apple reported quarterly earnings that beat Wall Street's expectations, sending its shares higher in extended-hours trading.
On the economic data front, home prices dropped in February for a sixth straight month. New home sales slid 7.1% in March to a seasonally adjusted 328,000-unit rate, hitting their lowest level in four months. Consumer confidence dipped slightly in april to 69.2 from a downwardly revised 69.5 in march.
Data to Watch
-US FOMC Meeting Announcement
-US Durable Goods Order
-US Wkly Mortgage Apps
European Check
European markets closed higher, bouncing back after sharp falls in the previous session helped by some strength from banks. Successful European debt auctions sent yields on Dutch, Spanish and Italian debt lower on Tuesday, a day after the government in the Netherlands collapsed amid turmoil over budget cuts.
The Dutch Crisis
The Dutch crisis intensifies as the main opposition parties refuse to back austerity plans needed to meet the EU's budget target. The caretaker prime minister must now turn to smaller parties if he wants to push through as much as 16 billion euro in spending cuts. The demand was strong for the Netherland's 2 and 5 year bonds which raised 2 billion euro. Yields did rise but within a normal range.
Currency & Commodity Corner
In the currency space, the euro was stuck in a range, hovering just below 1.32 to the dollar. The dollar index is weak at around 79 levels.
Brent crude prices fell and Nymex crude edged up, narrowing the spread between the two benchmarks. Weak gasoline futures also weighed on the complex as market participants rotated positions ahead of weekly inventory reports. US crude futures inched up 0.2% at USD 103.76 a barrel. Brent futures fell 55 cents to settle at USD 118.16 on Tuesday.
From the precious metals space, gold made slight gains as a weaker dollar increased the appeal of the precious metal as an alternative investment.
Indian Market
And back home, the Nifty traded largely in a range before closing with a mere gain of 22 points. TheSensex too shut with a 110 point gain at 17,207.
Stock Specific News
Sesa Goa reported poor numbers with a 22% decline in topline on account of lower sales volumes due to the logistic problems in Goa and the mining ban in Karnataka. EBITDA margins were under pressure owing to higher export duty which has doubled. The company's profits are down 20% year on year at Rs 1,162 crore. Also watch out for Petronet LNG in trade today.
Agency reports indicate that Coal India is mulling importing coal at international prices and selling it at local prices. CIL is considering importing 1.5 million tonne coal to ease power shortages.
And ratings agency Moody's maintains BAA2 rating on Reliance with a positive outlook. However, it says that the company's FY12 results lack growth momentum and were slightly weaker than expected.
Central Bank of India has cut its base rate by 25 bps to 10.50% from May 1. The bank will keep the BPLR rate unchanged at 15%.
Reports suggest NTPC has refused to sign the new fuel supply agreement with Coal India.
CAG has warned the government against validating RIL's entire expense in KG-D6.
Moser Baer Solar (Unlisted company of Moser Baer ) enters CDR cell, seeking Rs 739 crore debt recast, reports the Economic Times.
The RBI has cleared the Enam-Axis deal. The integration is likely to take place in the third quarter. Vallabh Bhansali has been made advisor, reports the Business Standard.
Government officials say that iron ore mining in Karnataka is likely to resume in July.
RBI has allowed airlines to raise overseas debt for working capital.
Praj Industries completes its buyback of 73.14 lakh shares at Rs 55.86 crore.
Era Infra Engineering secures a contract worth Rs 199 crore from NBCC.
Info Edge is mulling a bonus share issue on May 3.
Petron Engineering Construction has received an order from GAIL worth around Rs 67.08 crore.
Earnings to Watch
In key earnings to watch, Wipro and Sterlite announce their results today. According to a CNBC-TV18 poll, Wipro's dollar revenue may see 2.5% growth towards the top end of it's guidance of 1-3% while margins are expected to be flat.
In metals, Sterlite may see some improvement in PAT and EBITDA sequentially due to rupee appreciation and strong volume growth in Hindustan Zinc.
Other Results Today
Yes Bank, HCL Infosystem, LIC Housing, BEL, IBull Real Estate, India Cements, Raymonds, JSW Holding, Motilal Oswal, Oberio Realty, Tata Metaliks, Alembic Pharma, BASF, EID Parry, FOSECO, Indo Rama, Manali Petro, Mahindra Holiday, Rain Commodities, Supreme Ind., Swaraj Engines and Zensar Tech.
Tuesday, April 24, 2012
Market outlook for the day | 25-04-2012
Fundamental DailyMarket RoundupKey benchmark snapped two-day losing streak as firm European stocks supported sentiment. After a volatile morning trade market gained momentum in the pre-afternoon trade and remained firm. Market moved in a range in the afternoon trade and key indices able to closed in a green at the end of the session. IT major TCS jumped over 13% after good Q4 results and positive FY 2013 outlook. Other IT stocks also gained after positive outlook from TCS. FMCG stocks extended recent gains after Farm Secretary said that India is likely to have normal monsoon in 2012. Telecom shares dropped across the board. The market breadth was negative. On BSE, 1,401 shares fell and 1,331 shares rose. A total of 113 shares were unchanged.Technical Analysis | ||
• AFTER TWO CONSECUTIVE FALLS, INDEX RECOVERED MARGINALLY IN TODAY'S SESSION ON THE BACK OF REBOUND IN INDEX MAJORS. THOUGH IT SLIPPED BELOW 5200 MARK IN THE FIRST HALF BUT MANAGED TO SUSTAIN ABOVE THE SAME IN THE END INDICATING EXISTENCE OF STRONG SUPPORT ZONE. KEEPING IN MIND THE OVERALL FORMATION, WE MIGHT SEE RISE IN VOLATILITY AHEAD OF F&O EXPIRY SO ONE SHOULD PLAN STRATEGY ACCORDINGLY.
|
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Sunday, April 8, 2012
Housefull 2 review
Cast: Akshay Kumar, Asin Thottumkal, John Abraham, Jacqueline Fernandez, Riteish Deshmukh, Zarine Khan, Shreyas Talpade, Shazahn Padamsee, Mithun Chakraborty, Rishi Kapoor, Randhir Kapoor, Boman Irani
Directed by Sajid Khan
Rating: *
Comedy fueled by confusion yields very little. And in Bollywood, this leads to people repeating their punch lines, screaming while spitting with expressions more animated than the next Pixar production. Here we have a house full of just this. The success factors are the usual: foreign locations, a minimum of two top stars (John-Akshay) and a maximum of two average stars to make the top stars feel more significant (Shreyas-Riteish). Then there has to be unaccountable opulence (since the audience wants to escape from their middle-class drudgery), dhishooming at the ratio of 30:1, naach-gaana by the united blues of Thailand and so on.
The music isn't soul melting but is pleasant and complements the stunning locales where the songs are filmed. The edit could've been crisper and could've eliminated some of the countless and pointless exchanges between step-siblings played by Rishi Kapoor and Randhir Kapoor.
Report: M7 – RR v KKR
Amit Singh and Ankeet Chavan wrecked the hallowed KKR top-order to have the team reeling at 8 for three. Singh deceived Jacques Kallis with a slower one and did Gautam Gambhir in with an out-swinger off consecutive deliveries. Chawan then rapped Brendon McCullum plumb on his pads.
The visitors never recovered from those setbacks; the body blow to KKR's chances was dealt whenSiddharth Trivedi dismissed all-rounders Yusuf Pathan and Rajat Bhatia in consecutive overs.
Manoj Tiwary waged a lone battle with a 59-run knock. With a calm head on his shoulders, the young man carved out a fine half-century under pressure. Most of his seven boundaries came in the third-man region as he resisted the lure of big hits. But with his partners changing with every blink of an eye, there wasn't much he could do. Brett Lee's (25 off 11 balls) fireworks took the team closer to the target but were not quite enough to overhaul it.
At the toss, Gautam Gambhir had no hesitation in fielding first after calling it right. Running out RR's previous game's centurion Ajinkya Rahane with a sharp direct-hit in the second over, the KKR captain set the ball rolling for his team.
After losing Rahane due to a misunderstanding, Rahul Dravid delighted spectators for a while, playing contrasting shots with equal effect. He pulled and swept his way to two sixes and also executed typically elegant square-cut and cover-drives for fours. The joy ended when Iqbal Abdullah ran him out for 26. Soon, Shreevats Goswami perished to wrong shot-selection, giving Rajat Bhatia a breakthrough.
With the Royals' boat rocking at 61 for three, Ashok Menaria and Brad Hodge not only stabilised it but also upped the ante. Hodge was particularly severe on Yusuf Pathan and Jacques Kallis, plundering them for two sixes and three boundaries in the span of eight balls. After playing wonderfully well for his 44 off 29 balls, Hodge suffered a brain-freeze moment. Positioned for the switch-hit against Brett Lee, he changed his mind and tried to play a scoop. All he managed was an edge that was taken by Brendon McCullum behind the wicket.
Menaria, however, stuck in there after the end of his 64-run stand with Hodge. The young all-rounder saw off the good balls and put the bad ones away to score four boundaries and a six en route to his 30-ball 40. He lost his middle stump to Lee in the penultimate over, trying to go for a smash through the covers. Owais Shah added substance to RR's score with a 11-ball cameo of 23.