Let's have some fun

Funny Definitions of some words

• School: A place where Papa pays and Son plays.
• Life Insurance: A contract that keeps you poor all your life so that you can die Rich.
• Nurse: A person who wakes u up to give you sleeping pills.
• Marriage: It's an agreement in which a man loses his bachelor degree and a woman gains her masters.
• Lecture: An art of transferring information from the notes of the Lecturer to the notes of the students without passing through "the minds of either"
• Conference: The confusion of one man multiplied by the number present.
• Compromise: The art of dividing a cake in such a way that everybody believes he got the biggest piece.
• Dictionary: A place where success comes before work.
• Conference Room: A place where everybody talks, nobody listens and everybody disagrees later on.
• Father: A banker provided by nature.
• Criminal: A guy no different from the rest....except that he got caught.
• Boss: Someone who is early when you are late and late when you are early.
• Politician: One who shakes your hand before elections and your confidence after.
• Doctor: A person who kills your ills by pills, and kills you by bills.
• Classic: Books, which people praise, but do not read.
• Smile: A curve that can set a lot of things straight.
• Office: A place where you can relax after your strenuous home life.
• Yawn: The only time some married men ever get to open their mouth.
• Etc.: A sign to make others believe that you know more than you actually do.
• Committee: Individuals who can do nothing individually and sit to decide that nothing can be done together.
• Experience: The name men give to their mistakes.
• Atom Bomb: An invention to end all inventions.

----------------------------------------------------------

Million Dollars in a Second

A man was praying to god.

He said, "God?"
God responded, "Yes?"

Man said, "Can I ask a question?"
"Go right ahead", God said.

"God, what is a million years to you?"
God said, "A million years to me is only a second."

The man wondered.

Then he asked, "God, what is a million dollars worth to you?"
God said, "A million dollars to me is a penny."

So the man said, "God can I have a penny?"
God cheerfully said, "Sure!....... just a second."

Nifty Target. Support and Resistance

For 01 Apr 2009

Nifty Resistance :3045-3069
Nifty Support : 2997-2973
Nifty levels 3045 & 2973 may create a good trading volume !

----------------------------------------------------------

What market / Nifty did today on Marc 31, 2009?

• In the morning it gave chance to book profit in Fri / Mon Nifty shorts and then gave a chance to buy it and book profit later in the day
• It has hit SL@3040 of Intraday Nifty shorts and then hit SL@3010 of Intraday Nifty Longs.
• The day closing seems to be in favour of Nifty Shorts as it closed below 3040 comfortably and below Nifty Apr Fut average trade value!

Answers of following Questions may decide next course of action :

• Why the Big Bro RIL & Nifty fell drastically just before 3pm today? Although global indicators positive? (RIL & Nifty both gave up about 30 points in last hour)
  
• Why there was panic selling as soon as Nifty came to 3040 (RIL@1540) from upside?
• Why HangSeng also could not hold today's gains as shown in the morning?
• Can this rally continue if DowJones do not close above 7650 tonight?

----------------------------------------------------------

Let us check what Market Experts have told today :

• 9:37 AM - Nifty will see resistance at 3040, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz.
• 9:45 AM - Nifty might reach 3100 easily but we are unlikely to see resumption of last week's uptrend, says Sudarshan Sukhani, technical analyst, on CNBC TV18.
• 9:51 AM - Key level of the Nifty for intra-day today would be 3020 and 3025, says Rahul Mohindar, technical analyst, on CNBC TV18.
• 10:11 AM - Sell IFCI with target of Rs 17.75, says Anil Singhvi, market expert, on CNBC Awaaz.
• 10:25 AM - Nifty will range between 2950-3100, says Ashwani Gujral, technical analyst, on CNBC Awaaz. He advises traders to buy at 2950-2970 and sell at 3100 levels.
• 10:45 AM - Buy Tanla Solutions with target of Rs 40, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 28.50, he adds.
  
• 11:20 AM - The market should see a recovery either by day-end or tomorrow led by banking, RIL and Infosys, says Deven Choksey of KR Choksey Securities on CNBC TV18. The Nifty is likely to remain ranged between 2760-3150, he adds.
• 11:28 AM - Buy DLF on dips at around Rs 135-140, says Ambareesh Baliga of Karvy Stock Broking on CNBC TV18.
• 12:54 PM - Buy Reliance on decline with short-term target of Rs 1570 and medium-term target of Rs 1620, says E Mathew, technical analyst, on CNBC TV18. It has support at Rs 1490-1475, he adds.
• 1:23 PM - Buy Dish TV after it crosses Rs 28-29 for the long term for more momentum, says MB Singh, technical analyst, on Zee Business.
• 2:42 PM - Buy RIL with a target of Rs 1605 and stop loss of Rs 1500, says Hemen Kapadia, technical analyst, on CNBC Awaaz.
• 3:17 PM - Go short on Nifty with a target of 2850 and stop loss of 3100, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:17 PM - Maintain Nifty long with a target of 3097 and stop loss below 2975, says Rahul Mohindar, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:23 PM - Sell Sterlite Industries with a target of 330 and stop loss of 360, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

This is only for educational purpose,
this is NOT a trading idea for intraday or delivery

Nifty Todays Targets Met

All Nifty Targets for Nifty Short selling are met.

Now the question are :

• Whether RIL will close 1503 today?
• Whether Nifty below 3000 today?
• Next targets of 2966-2940-2914 will met tomorrow?
  

If yes, then short sellers may hold their partial positions !!!

This is only for educational purpose,
this is NOT a trading idea for intraday or delivery

Think Tank

• Do Paper Trading before you start trading with your hard earned money.
• Instead of Targeting profit, emphasize more on minimizing trade loss.
• At times, taking 1% profit is better than carrying position and bothering whole night.
• Book partial profits frequently irrespective of what market and people say.

Where will Nifty go NOW?

Nifty and market in general has traveled upside since 2 weeks, what now?

Probably following questions have the answer !

• Will it worth short selling Nifty tomorrow with stoploss @3150 on closing basis for target of 3087-3061-3040-3013?
• Will Nifty level 3040 becomes support tomorrow or becomes resistance tomorrow onwards?
• The way big giants i.e. RIL Infosys, HDFC have closed in negative, can the market still move up, without them?
  

This is only for educational purpose,
this is NOT a trading idea for intraday or delivery

Think Tank

• Do Paper Trading before you start trading with your hard earned money.
• Instead of Targeting profit, emphasize more on minimizing trade loss.
• At times, taking 1% profit is better than carrying position and bothering whole night.
• Book partial profits frequently irrespective of what market and people say.
  

Nifty / Market Technical Analysis (Few Examples)

What Experts Said Before :

• Mar 20, 2009.....9:45 AM - Nifty has resistance at 2800 and 2700 may not hold, says Siddharth Bhamre, technical analyst, on CNBC TV18. It is best to stay with large cap stocks and stay out of midcaps, he adds.
• Mar 24,2009.....3:15 PM - Buy Nifty put 2950 and hold till expiry, says Sudarshan Sukhani, technical analyst, on CNBC TV18, as closing market strategy.
• Mar 24, 2009.....2:11 PM - Sell RIL at current levels and book profits, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock could see a sharp correction in a month and go to levels of Rs 1100 where it can be bought for the long term, he adds.

-------------------------------------------------------------------------------

And What Experts Says Now on Mar 27, 2009:

• 9:34 AM - The Nifty did not witness strong rollovers due to lack of short rollovers, says VK Sharma of Anagram Stock Broking on CNBC TV18. He expects midcap F&O stocks to see some action. He advises trading with strict stop loss or writing higher out-of-the-money calls for protection.
• 9:39 AM - Nifty will be trading in the range of 2880-3150, says Sudhanshu Pandey, technical analyst, on CNBC Awaaz. On dips, support will be 2970 and 2880, he adds. He sees next resistance for Nifty at 3150-3200.
• 9:46 AM - There will be buying opportunity on dips in the morning and post-lunch sessions, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Buy with a stop loss for 20-25 point gains, he adds.
• 9:51 AM - The Nifty is expected to head towards the 4000 mark in the medium term though it won't be a straight dash towards it, says Sandeep Shah of Sampriti Capital on CNBC TV18. He believes that the fundamentals are similar to those 2004 levels. He advises taking a long-term view. He is sure that 2500 on the Nifty and 8000 on the Sensex will hold.
• 10:45 AM - Short-term traders buy Tata Steel with target of Rs 250-260, says Sudhanshu Pandey, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 180, he adds.
• 11:32 AM - Hold IVRCL Infra with medium-term target of Rs 172, says E Mathew, technical analyst, on CNBC TV18. Keep stop loss of Rs 121-125, he adds.
• 12:12 PM - Go short on NTPC with target of Rs 165, says Mitesh Thacker, technical analyst, on CNBC TV18. Keep stop loss of Rs 188, he adds.
• 12:19 PM - Will wait on investments into India till the elections are over, says Samir Arora of Helios Capital on NDTV Profit. He expects consolidation in the current bear market rally but says it is difficult to assess medium-term direction of the markets. Political overhang in India is a cause for concern and uncertainty of election outcome increases the risks, he adds.
• 12:33 PM - Invest in staggered fashion in L&T, RIL, Reliance Infrastructure and ICICI Bank with long-term view, says Phani Sekhar of Angel Broking on CNBC Awaaz.
• 12:47 PM - The global markets are close to a bottom and so one should not buy in such a rally, says Andrew Holland of Ambit Capital on CNBC TV18. The risks on the downside continue and the markets may retest lows, he adds. Though optimistic about a sharp pull-back, he is still bullish in the long run. On investment in India, he says that India will remain off investors' radar for most of 2009 due to elections.
• 12:53 PM - Hold Bajaj Auto and sell when it reaches Rs 640, says Ashu Bagri, technical analyst, on NDTV Profit. It has support at Rs 550, he adds.
• 1:15 PM - Sensex is likely to go to 12500 but the current rally does not indicate this is the beginning of a bull market, says Shankar Sharma of First Global, on CNBC TV18. The market lows mat not be in place as there is still a lot of problems ahead in the global market, he feels. The second half of 2009 will be crucial, he says.
• 1:44 PM - Buy RIL with a target of Rs 1650 and stop loss of Rs 1420, says Nitin Murarka of SMC Global, on Zee Business.
• 1:52 PM - Buy RIL in a correction around Rs 1450-1480 with a target of Rs 1700 in 2-3 weeks, says Salil Sharma of Kapoor & Sharma Company, on NDTV Profit.
• 3:14 PM - Hold Nifty futures with a target of 3145 and stop loss of 3070, says Vijay Bhambwani, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:16 PM - Book profits in Nifty long positions, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.
• 3:21 PM - Book partial profits in Nifty long positions, says Anil Maghnani, technical analyst, on CNBC-TV18, as closing market strategy. Hold the rest with Nifty target of 3150-3175 and stop loss of 3050, he adds.
• 3:28 PM - Nifty has consolidated around 2800-2900 and now shown a breakout at 2830, says E Mathew, technical analyst, on CNBC TV18. This time if Nifty goes past 3150 on close, it will be a mouth-watering bear market rally that can take Nifty to 3700-3800, he adds.
• 4:15 PM - The best picks in the power space are BHEL at Rs 1350 and NTPC at Rs 165 for good long-term stories, says Shrikant Chouhan of Kotak Securities, on CNBC Awaaz.
• 4:25 PM - The market is showing strength and the rally could go to 3500-3600 on Nifty, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Nifty has good support at 2860-2900 which would also be a good opportunity to buy, he adds.

-------------------------------------------------------------------------------

Also some more on Today :

• See mkt rally over 3250 till July: Reliance Equities (04:23 PM | 27 March) Jai Bala of Reliance Equities International said as long as the retracement doesn’t exceed 2,800, it is still a bullish scenario.
• Mkt may retest lows, don't buy now: Andrew Holland (11:20 AM | 27 March) Andrew Holland, CEO—Institutional Equities and Equity Proprietary Trading, Ambit Capital feels that the global markets are close to a bottom
• Mkt rally to take breather; don't enter now: Shankar Sharma (10:43 AM | 27 March) Talking about the current pullback rally seen in the markets, Shankar Sharma of First Global said it fits the bill of a bear market rally.
• Buy Tata Tea, target of Rs 853: Sharekhan (03:15 PM | 27 March) Sharekhan has maintained its buy rating on Tata Tea with a price target of Rs 853.
• Buy Sun Pharmaceutical, target of Rs 1295: Sharekhan (03:00 PM | 27 March) Sharekhan has maintained its buy rating on Sun Pharmaceutical Industries with a price target of Rs 1,295.
• Reliance Industries has target of Rs 1700: H Jani (02:11 PM | 27 March) Hemang Jani, Senior Vice President of Sharekhan is of the view that Reliance Industries has target of Rs 1700.
• HDFC has target of Rs 1837: P Kushe (12:55 PM | 27 March) Prasad Kushe of Equitytrendz.com is of the view that HDFC has a target of around Rs 1,724 and Rs 1,837
  

-------------------------------------------------------------------------------

ALL WELL SAID AND DONE. WHAT I WILL PREFER.....

I WOULD HOLD STOCKS AND LET THEM MOVE UP HOW MUCH THEY WANT AND COULD SELL STOCKS ON THE DAY NIFTY "CLOSES" FIRST TIME IN NEGATIVE, I WOULD PREFER IF THE BIG BRO "RIL" ALSO CLOSES NEGATIVE THAT DAY!

BEARS SEEMS COMPLETELY TRAPPED AT THE MOVEMENT, NOW LET US SEE WHETHER THEY GET A CHANCE TO EXIT AROUND FIRST AT 2940 AND LATER AROUND 2880.

-------------------------------------------------------------------------------

THE FUN IS....

IN CASE NIFTY CLOSES BELOW 2820 ANYTIME MANY ANALYSTS MAY START TELLING THAT NIFTY "HAS" TO RETEST OCT LOWS TO SEE ANY UPWARD MOVEMENT !!!

TRADERS AND GOD FORGIVE ME... IN CASE NIFTY CLOSES BELOW 2500 ANYTIME ALL COULD BE TELLING THAT TIME NIFTY MAY TEST 1800 (WITH SENSEX AROUND 5000) !!!

-------------------------------------------------------------------------------

THE QUESTION REMAINS SAME, WHAT TO DO?.....

I DON'T SAY TECHNICAL ANALYSTS ARE WRONG, LIFE IS LIKE THAT "UGATE SURAJ KO SAB NAMASKAR KARTE HEIN, DOOBTE SURAJ KO NAHIN"..... SO WHEN THEY SAY NIFTY IS LOOKING STRONG AND IT MAY TEST 3000-3100-3200 BETTER DO NOT CREATE FRESH SHORTS (IF YOU WANT YOU MAY HOLD EXISTING SHORTS). BUT IN CASE YOU HAVE GOOD PROFIT WHY NOT TO BOOK ATLEAST PARTIAL PROFIT !!!

IT MAY BE GOOD IDEA TO BOOK PROFITS PARTIALLY AT TIMES IRRESPECTIVE OF WHAT MARKET OR ANYONE IS SAYING!!!

Happy Gudi Padwa & Ugadi

Gudi Padwa & Ugadi Greetings

• Gudi Padwa is celebrated on the first day of the Chaitra month. Gudi Padwa is celebrated as the New Year day in Maharashtra..
• Gudi Padwa is also known as Ugadi in Andhra Pradesh and Karnataka. This festival marks the beginning of the spring season. People celebrate this festival with Great Spirit and Joy.
• On this day, gudis are hung outside the houses. 'Gudi' is a pole on the top of which an upturned brass or silver pot called a Kalash is placed. The Gudi is covered with a colourful cloth and decorated with flowers, and mango leaves that symbolize nature's bounty.
• Boys and young men of the locality form a pyramid and the person on top of the pyramid breaks the coconut which is in the Kalash.
• According to Hindu mythology, on this day, Brahma created the universe. It is also believed that it was on this day that Lord Rama killed Bali. It is one of the three and a half days in the Hindu calendar when each and every moment of the day is auspicious.

Hanuman Chalisa

Aarti ... Here you will find following Aartis

Ganapati Chi Aarti (Marathi)
Shri Ganpati ji ki Aarti ( Hindi )
Shri Durga ji ki Aarti
Shri Laxmi (Lakshmi) ki Aarti
Shri Ram ji ki Aarti राम जी की आरती
Shri Ram Raksha Strot

Risky Traders R U Ready to Short Sell Nifty?

• The risky traders may watch out now for good opportunity to short sell Nifty Future.
  
• May be only one lot to start with and then add more once you are in profit of 50 points.
  
• Averaging in loss is not good strategy, instead averaging in profit seems to be better strategy.
• Anyone's trading may be wrong at times, sometimes it is better to accept that trade was wrong and book small loss instead of carrying om the burden and waiting for your target to reach.

This is only for educational purpose,
this is NOT a trading idea for intraday or delivery

Think Tank

• Do Paper Trading before you start trading with your hard earned money.
• Instead of Targeting profit, emphasize more on minimizing trade loss

-----------------------------------------------------------

What Experts Said :

• 3:54 PM - Buy Titan Industries with a target of Rs 800-825 and stop loss of Rs 750, says Nitin Murarka of SMC Global, on Zee Business.
• 3:51 PM - Buy Crompton Greaves with a target of Rs 140 and stop loss of Rs 105, says Nishant Jain of Tradeswift, on CNBC Awaaz.
• 3:45 PM - Buy DLF with a target of Rs 178-200-210 and stop loss of Rs 160, says Nitin Murarka of SMC Global, on Zee Business.
• 3:27 PM - Book profits on Nifty longs at 3100-3150, says E Mathew, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:26 PM - Book profits on longs, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:23 PM - Take long positions in Nifty April futures, says Rajat Bose, technical analyst, on CNBC Awaaz, as closing market strategy. Go long on JP Associates and TTML, he adds.
• 3:14 PM - Nifty downside support is 2850 and upside at 3150 where there could be fresh supply, feels Siddharth Bhamre of Angel Broking on Zee Business. This is not a market to go short, he feels. Do not sell on rises but wait and buy on dips in this market now, he adds.
• 3:10 PM - There is some more steam in this rally with Nifty support at 2700-2800 and Sensex support at 8000, says Ajay Bagga of Deutsche Bank on CNBC Awaaz. This rally could possibly take Nifty to 3200 and Sensex to 11000, he adds. Corporate earnings and elections are the only two domestic event risks for the market now, he feels.
• 2:23 PM - Buy Unitech with a target of Rs 40 and stop loss of Rs 33, says Nitin Murarka of SMC Global, on Zee Business.
• 11:47 AM - Buy Reliance Industries for long position with target of Rs 1750-1760, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 1465, he adds.
• 10:51 AM - Sell Akruti City because it is a volatile stock, says Rahul Mohindar, technical analyst, on CNBC Awaaz.
• 9:32 AM - Nifty is unlikely to remain below 2950 and should cross the 3000 level, says Rajat Bose, technical analyst, on CNBC TV18. It has resistance at 3020 and major resistance at 3080-3110, he adds. He recommends buying on dips.

Nifty tests 3000: Beginning of rally or end of it?

There seems real fight between bulls and bears for settlement of Nifty tomorrow on expiry day. The level at which it closes tomorrow may decide another 100-150 points in same direction !!!

Nifty's Resistance and support for tomorrow

There seems two intraday levels to be watched on Nifty tomorrow, 2968 and 2953.

Also it need to be seen whether Nifty closes above 3017 or below 2912? Bcoz new short may not be covered until closes above 3017 !!!

Where will Nifty go NOW?

Different Analysts have different Views !!!

• Vijay Bhambwani - Square Nifty long positions, if Nifty goes below 2920 (AND NIFTY WENT BELOW AROUND 3:30pm TODAY, but settlement rate is 2938). He adds to go long again or stay away for any positive global cues
• Ashwin Gujral, - Buy Nifty call 3000 with T-3100 SL@2870 as market closing stretegy
• Sudarshan Sukhani - Buy Nifty put 2950 and hold till expiry, as market closing stretegy

-----------------------------------------------------------

My personal strategy is to hold Nifty/put (30 May) for Nifty T-2880-2710 SL@2980 on closing basis

20 Mar 2009 : What Experts Say

• 4:17 PM - Buy Reliance Power with 7-day targets of Rs 113 and 123, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 96.50, he adds.
• 3:27 PM - Buy India Cement with targets of Rs 113 and 127, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 90, he adds.
• 2:20 PM - Buy ONGC with target of Rs 950-1000, says Sharad Awasthi, market expert, on CNBC Awaaz.
• 1:33 PM - Hold Reliance Industries with a target of Rs 1420 after which it can go to Rs 1670, says Akshita Deshmukh, technical analyst, on CNBC Awaaz.
• 11:50 AM - Hold Reliance Capital with a target of Rs 475 where one can book profits, says Akshita Deshmukh, technical analyst, on CNBC Awaaz.
  

++++++++++++++++++++++++++++++++++++++++++++++++++++

Also following are more recommendations by more Experts :

• Accumulate Hero Honda, target to Rs 1055: Emkay 04:22 PM
• Buy Dr Reddys Labs, target of Rs 581: Angel Broking03:08 PM
• Buy Navneet Publications, target of Rs 59: Sharekhan 01:23 PM

Trading Above 26/50/100/200 EMA

• NIFTY - trading above 26EMA and tested 50EMA
• RIL - trading above 50EMA and tested 100EMA today
• DLF - trading above 26EMA and missed to test 50EMA today by 0.65
• INFOSYS - trading closed above 100EMA
• MARUTI - trading consistently above 200EMA
• M&M - trading closed above 100EMA

18 Mar 2009 What Experts says

• 3:56 PM - Buy Jet Airways with a target of Rs 176 after which it can go to Rs 210 in 60 days and maintain a stop loss of Rs 140, says Jatindar Sharma, technical analyst, on CNBC Awaaz.
• 3:50 PM - Buy Idea Cellular with a target of Rs 52-56 and stop loss of Rs 42, says Husseini Wadharia of Techno Shares on CNBC Awaaz.
• 2:55 PM - Buy Suzlon with a target of Rs 44-52 and stop loss of Rs 33, says Husseini Wadharia of Techno Shares on CNBC Awaaz.
• 1:37 PM - Buy ICSA India on dips around Rs 53 with a target of Rs 90-142, says E Mathew, technical analyst, on CNBC TV18.
• 12:18 PM - Buy Reliance Communications with long-term view, says Vijay Bhambwani, technical analyst, on CNBC TV18. It can go up to Rs 300-320 in 2-3 years' time, he adds.
• 12:11 PM - Buy Ashok Leyland at current levels with targets of Rs 23 and Rs 27, says Sudhanshu Pandey, technical analyst, on CNBC Awaaz.

Personal View

I am looking to short sell

Nifty (May Fut)
above 2850 for T-2550-2250।

पर जब वो २९४० से नीचे आएगा तब !!!

16 Mar 2009 What Experts says

3:55 PM - Buy SBI with a target of Rs 1000-1050 for the short term, says Alex Mathew of Geojit Financials, on CNBC Awaaz.

3:45 PM - Buy Mahindra & Mahindra with a target of Rs 400 and stop loss of Rs 340, says Anuj Dixit of Gupta Equities, on CNBC Awaaz

2:56 PM - Sell Reliance Communications on any rally with a target of Rs 185, says Prasad Kushe, technical analyst, on CNBC Awaaz. If market weakens, the stock will be available around Rs 100, he feels.

2:15 PM - Gradually accumulate RIL and Reliance Communications in frontline stocks and in the auto space Mahindra & Mahindra and Maruti Suzuki for the long term (2-3 years) for excellent gains, says MB Singh, technical analyst, on Zee Business.

1:54 PM - HSBC maintains a buy call on RIL with a target of Rs 1640, reports CNBC Awaaz.

1:27 PM - SMC Global maintains a buy call on Tata Motors with a target of Rs 230 and stop loss of Rs 135.50, reports CNBC Awaaz.

12:40 PM - Buy Reliance Capital with target of Rs 355, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 290, he adds.

12:27 PM - Hold Glenmark Pharma with target of Rs 161, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 105, he adds.

7 golden ways to beat inflation woes

BankBazaar.com
March 02, 2009
( Source : 7-golden-ways-to-beat-inflation-woes )

The situation in most Indian households and corporate offices today shows one major action taken -- cost-cutting. This action is attributed to the inflation rates in India as well as the looming global recession. Inflation is defined as a sustained increase in the general level of prices for goods and services.

According to the 2008 Economic Survey report, the Reserve Bank of India [Get Quote] had targerted trimming down India's inflation rate from 5.77 per cent in 2007 to 4.1 per cent. However, by July 2008, the key Indian Inflation Rate, the Wholesale Price Index, had risen above 11 per cent; it's highest in 13 years. This is more than 6 per cent higher than a year earlier and almost three times RBI's target of 4.1 per cent.

Such desperate situations call for desperate measures. Inflation is a hydra-headed monster. It cannot be controlled by taking a single measure. However, if finances are wisely coordinated, it can greatly help in controlling the continuous process of rising prices. To handle your finances during inflation, you should:

1. Curb your expenditure: Do not overuse daily essentials like cooking gas, electricity etc. Cut down on inessentials when buying groceries. Look for cheaper alternatives to products that you normally buy.

2. Follow a budget: Create a budget for monthly spending and savings. Save money at the beginning of the month and stick to your spending limits. Do not eat into your savings or debt amounts.

3. Invest in government-backed investment and deposit schemes: Government-backed investment schemes such as Post Office Savings Schemes, Public Provident Funds (PPF) and National Savings Certificates (NSC) are best to invest in when inflation is slowly inching up and you are only looking at safety, not returns.

Even bank fixed deposits are a good bet. These instruments also offer attractive rates of return. For instance, while post office schemes offer 8 to 9% guaranteed returns, the same can go up to 10-11% in the case of bank fixed deposits, which can't be considered bad in the current scenario.

However, inflation eats into the returns offered by assured return schemes like fixed deposits and small savings schemes, thereby leaving investors with dismal real returns.

4. Diversify your investments: Risk and return always go hand in hand while investing. When you choose to save in government-backed savings plans, you can't expect a higher-than-market rate of return for the money, because your primary objective is security of the funds and not returns.

So, even if some of your money is safe, you are still not meeting many of your financial goals. To accomplish your financial goals within the desired time, your investments should have some exposure to equity, real estate and other high-return instruments.

5. Invest in gold: Commodities like gold are a hedge against inflation. This is mainly because the factors that affect the prices of gold are different from those that impact the prices of other assets like equities for instance.

When uncertainty affects global markets, investors prefer to take refuge in gold because in times of inflation, gold prevents erosion in the value of the purchasing power.

6. Invest as per your risk appetite: Investing long-term or short-term should all depend on your risk appetite. However, shorter the term, lesser the risk you should take with your funds. This will ensure that the uncertainty of returns is lesser as you gradually approach your financial goal!

7. Safeguard your investments: Invest in short term deposits and funds, commodities and property. This will help you to slowly reach your financial goals while safeguarding your hard-earned money.

Powered by