http://economictimes.indiatimes.com/
Tata Steel expects $25 bn global turnover
Celebrate, but watch out for party poopers
Shaping India's growth story
Now, invest directly and earn more
VC funds to globalise further
'There are many winning themes in India'
--------------------------------------------------
Challenges for India Inc's best
ADAG in talks with global firms for equipment manufacturing
UTI Mutual Fund is 2nd biggest in India
Builders bullish about realty in '08
Indian art may rule the scene in '08
Options available for investors in MFs
Parsvnath Developers receive LoI
Emerging trends to watch out for in 2008
Canara Bank may make acquisition this year: Rao
Reliance to foray into foreign soil for power generation
India's fastest growing market:HSBC
Bulls likely to stage come back next week: Bharat Dalal
RBI allows FIIs to purchase equity of Zee News
Private cos line up IPOs worth $10 bn in power sector
-----------------------------------------
ET Features
Investor's Guide
Nifty breaks out amid caution
Bullishness in gold prices may spill over in 2008
Investors can book profits in eClerx Services
Investors benefit when consumers spend on luxury
Bull run in banking & financial sector to continue in 2008
Bull run and Indiabs consumption story
Investors can continue to hold BGR Energy
2008 may mark a turning point in primary market
Media companies benefit in a growing economy
Investment opportunities in various infrastructure sectors
Stocks for long-term investments in 2008
---------------------------------------------
Now, invest directly and earn more
Tips to plan equity based wealth creation portfolio
Why Indian stock market is affected by global economy?
Entry fee exemption on direct mutual fund is good
Indian equity markets continue to ride despite weak global cues
Unit linked insurance plans is tax saving tool
Will Indian market outshine global peers in 2008?
Issuance of bonus shares & declaration of bonus ratio
Source: Above blogs/sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
06 January 2008
Deadpresident blog updates
http://deadpresident.blogspot.com
Weekly Track Report - Jan 7 2008
Weekly Technicals - Jan 7 2008
Figures about the market in 2007
India Market Strategy 2008
No Entry Load on Mutual Funds
Celestial Labs
Weekly Review
Q3FY08 Results Preview
India Market Outlook 2008
Stock trends for 2008
Market remains bullish
Nestle India: Buy
FirstSource Solutions
Gremach Infrastructure
Source: Above blogs/sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Weekly Track Report - Jan 7 2008
Weekly Technicals - Jan 7 2008
Figures about the market in 2007
India Market Strategy 2008
No Entry Load on Mutual Funds
Celestial Labs
Weekly Review
Q3FY08 Results Preview
India Market Outlook 2008
Stock trends for 2008
Market remains bullish
Nestle India: Buy
FirstSource Solutions
Gremach Infrastructure
Source: Above blogs/sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
BusinessLine Stories
http://businessline.in/
Jet finalising sale of 5% of promoters’ equity
N-power: Govt may look at Africa for uranium supplies
Caparo group to invest Rs 3,500 cr in AP
Nestle India: Buy
Index Outlook
Stock trends to look out for in 2008
Hits and misses of 2007
Wockhardt: Buy
Tax-saving funds for your portfolio
Firstsource Solutions: Hold
Gremach Infrastructure: Buy
Subros: Buy
NEW FUND OFFER
Fund Update
The toppers in the satisfaction index
ABN Amro Equity Fund: Hold
Tax-saving funds for your portfolio
Query Corner
Trader's Corner
TVS Flame 125: Firing on all cylinders
ICICI Pru Life Stage pension Plan
Bringing markets to a boil
Prominent bulk deals on NSE & BSE
Baskets of X
Bull's Eye
Money Talk
Source: http://businessline.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Jet finalising sale of 5% of promoters’ equity
N-power: Govt may look at Africa for uranium supplies
Caparo group to invest Rs 3,500 cr in AP
Nestle India: Buy
Index Outlook
Stock trends to look out for in 2008
Hits and misses of 2007
Wockhardt: Buy
Tax-saving funds for your portfolio
Firstsource Solutions: Hold
Gremach Infrastructure: Buy
Subros: Buy
NEW FUND OFFER
Fund Update
The toppers in the satisfaction index
ABN Amro Equity Fund: Hold
Tax-saving funds for your portfolio
Query Corner
Trader's Corner
TVS Flame 125: Firing on all cylinders
ICICI Pru Life Stage pension Plan
Bringing markets to a boil
Prominent bulk deals on NSE & BSE
Baskets of X
Bull's Eye
Money Talk
Source: http://businessline.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
VC funding set to be billion dollar baby in 2008: ET
VC funding set to be billion dollar baby in 2008
The year 2008 is slated to be an interesting year for entrepreneurs and venture capitalists alike. With a mobile subscriber population of over 200 million and a growing internet penetration base, growing middle class and over 70 million TV and satellite homes, entrepreneurs are coming up with innovative ideas and VCs are not stopping short of funding them. In 2007, VC funding in start-ups in India just stopped short of $900 million. In 2008, the VC industry is slated to become worth over $1 billion. And interestingly, it will not be run-of-the-mill IT services. In fact, in a distinct shift, VCs will shy away from investing in IT outsourcing and BPO start-ups due to the rise in value of the rupee. Hottest areas for tech start-ups in 2008
Sector %
Mobile Data Services 13
Online Education 12
E-commerce/M-commerce 12
Online Financial Services 11
Digital Entertainment 11
Gaming 8
Local language internet 8
Search(Web/Local) 7
Ad Networks 6
Enterprise Technology 5
Social Networking 4
Online Travel 3
BPO/KPO 1
Others 1
However, consumer businesses revolving around online education, personal gaming, mobile advertising and payments businesses will gain momentum, thanks to the great Indian middle class. Tax breaks to IT and BPO companies are ending in 2009. Unless that gets revived in the Budget this year, VC investments in the tech outsourcing start-ups will decline. “However, investments in high-end KPO kind of services like analytics, research and legal outsourcing will continue to see traction. But dollar-driven businesses will surely see a decline of VC interest,” says Alok Mittal of Canaan Partners, which is focusing on investing in innovative consumer-driven businesses.
In respect of outsourcing, domain-driven services will attract VC interest, feel experts. Travel, online matrimony and job site market is saturated but some interesting ideas in these areas are sure to attract the VC eyeballs. Retail may also gain momentum when FDI regulations get relaxed. The sector will see greater VC funding. Another interesting trend will be seeing a few teams from top tech companies getting together to start their own venture funds. In terms of mobile VAS sector, the traditional ringtone and caller tune business is passé. GPRS and 3G services companies will gain momentum. But funding in top traditional VAS companies will continue. Digital entertainment and fantasy gaming will also entice investors. Findings of a poll conducted by VentureWoods, an Indian VC networking site (Figures in %) .
Also Read
VC funds to globalise further
Tap fledgling microfinance business
VC/PE funding doubles in 2007, touches $14 bn
Source: http://economictimes.indiatimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The year 2008 is slated to be an interesting year for entrepreneurs and venture capitalists alike. With a mobile subscriber population of over 200 million and a growing internet penetration base, growing middle class and over 70 million TV and satellite homes, entrepreneurs are coming up with innovative ideas and VCs are not stopping short of funding them. In 2007, VC funding in start-ups in India just stopped short of $900 million. In 2008, the VC industry is slated to become worth over $1 billion. And interestingly, it will not be run-of-the-mill IT services. In fact, in a distinct shift, VCs will shy away from investing in IT outsourcing and BPO start-ups due to the rise in value of the rupee. Hottest areas for tech start-ups in 2008
Sector %
Mobile Data Services 13
Online Education 12
E-commerce/M-commerce 12
Online Financial Services 11
Digital Entertainment 11
Gaming 8
Local language internet 8
Search(Web/Local) 7
Ad Networks 6
Enterprise Technology 5
Social Networking 4
Online Travel 3
BPO/KPO 1
Others 1
However, consumer businesses revolving around online education, personal gaming, mobile advertising and payments businesses will gain momentum, thanks to the great Indian middle class. Tax breaks to IT and BPO companies are ending in 2009. Unless that gets revived in the Budget this year, VC investments in the tech outsourcing start-ups will decline. “However, investments in high-end KPO kind of services like analytics, research and legal outsourcing will continue to see traction. But dollar-driven businesses will surely see a decline of VC interest,” says Alok Mittal of Canaan Partners, which is focusing on investing in innovative consumer-driven businesses.
In respect of outsourcing, domain-driven services will attract VC interest, feel experts. Travel, online matrimony and job site market is saturated but some interesting ideas in these areas are sure to attract the VC eyeballs. Retail may also gain momentum when FDI regulations get relaxed. The sector will see greater VC funding. Another interesting trend will be seeing a few teams from top tech companies getting together to start their own venture funds. In terms of mobile VAS sector, the traditional ringtone and caller tune business is passé. GPRS and 3G services companies will gain momentum. But funding in top traditional VAS companies will continue. Digital entertainment and fantasy gaming will also entice investors. Findings of a poll conducted by VentureWoods, an Indian VC networking site (Figures in %) .
Also Read
VC funds to globalise further
Tap fledgling microfinance business
VC/PE funding doubles in 2007, touches $14 bn
Source: http://economictimes.indiatimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex targets for 2008 : ET
Sensexbs targets for 2008
The current bull run on the Indian bourses has surprised even the most optimistic analysts and has made a mockery of all predicted targets. Although the market has seen substantial value-based corrections — the one after the NDA debacle in May ’04, the commodity-led correction in May-June ’06 and last year’s sub-prime related correction — it has consistently managed to shrug off these setbacks and bounce back to make newer highs.
It has also made a fool out of all those who have used these corrections to write a bull obituary. So, as the bull market enters its fifth year, we set out on the arduous task of finding out the possible targets for the Sensex in ’08. In the process, we stumbled upon a certain method of technical analysis based on Fibonacci ratios, which have seen considerable success in finding the annual targets of the Sensex in the past. To put the method in place, we considered the Sensex’s monthly charts in a calendar year.
We then subtracted the lowest monthly closing from the highest monthly closing, taking into account the Sensex levels at the end of each month. This difference gave us the range for that particular year. We then multiplied this range with the Fibonacci ratios of 0.382, 0.618, 1 and 1.618 to get various multiples. Then these multiples were added to the tops and subtracted from the bottoms of that particular year to give us the targets and supports for the next year. For example, the highest and lowest monthly closes for the Sensex in ’04 were 6602.69 in December and 4759.62 in May, giving us a range of 1843.07.
This value of 1843.07 multiplied to the Fibonacci ratio of 1.682 gives us 2982.08. And 2982.08 added to the highest monthly close of ’04, i.e. 6602.69 gives us 9584.77, which is strikingly close to the top we saw in ’05, i.e. 9442.98. LOOKING AHEAD As we can see from the table below, at least one among these Fibonacci ratios has given us a target that is in a range of +/- 5% of the final realised value of the Sensex.
Taking this calculation forward, the highest monthly close of the Sensex in ’07 was 20286.99 in December. Similarly, the lowest monthly closing value was 12938.09 in February, giving us a range of 7348.9. If we multiply this range to the various Fibonacci ratios like 0.382, 0.618,1 and 1.618, the corresponding multiples are 2807.28, 4541.62, 7348.9 and 11890.52 respectively. So, in order to find the Sensex targets for ’08, we added these multiples to the highest monthly closing of the Sensex in ’07, i.e. 20286.99.
So, the possible targets of the Sensex in the year ’08 at 0.382, 0.618, 1 and 1.618 Fibonacci ratios are 23094.27, 24828.61, 27635.89 and hold your breath, 32177.51, respectively. SHOW ME THE BRAKES However, as the market keeps heading northwards, the margin of safety keeps getting smaller for an investor. This further enhances the importance of an appropriate stop loss. In order to find that for the Sensex, we looked into various technical indicators, besides the ones based on the above-mentioned Fibonacci ratios.
The stop-loss level for the Sensex will vary from trader to trader based on his/her trading horizon. For a very short-term trader, the stop loss will be the rising trend line joining the bottoms made on October 22, November 22 and December 19. This value is roughly around the 19400 mark at close on December 31.
On the other hand, a long-term investor can use the simple 200-day moving average (DMA) as a stop-loss level, which at close on December 31, was at 15995. Just how important this 200 DMA is for the overall continuation of the bull market can be gauged from the fact that after languishing below the 200 DMA for a long time, the Sensex moved above it in May-June ’03, signalling the beginning of the bull market. In the subsequent years, this 200 DMA has provided the market stunning support and has been broken only twice — during the NDA debacle in May ’04 and the commodity-led crash of May ’06.
However, on both these occasions, the market has managed to bounce back above it to signal the continuation of the bull market. Moreover, the Sensex has got support and bounced back from the 200 DMA on many other occasions, including during the recent subprime-related crash. So, a decisive close below it, in all probabilities, will signal the end of the bull market.
However, for a more optimistic investor, the final level to watch out for is the lowest monthly close in ’07 — 12938.09 in February. A close below this will mean that the Sensex will have made a lower low for the first time since the beginning of the current bull run, signalling its end. Another point to consider is that post the April ’92 peak of around 4500, the Sensex spent 11 long and painful years in a consolidation mode with several bottoms around the 3000 mark.
Although it tried to break out of this range and even managed to make a new high in late 1999, early ’00, this break-out proved out to be a false one and it once again slid to make three more bottoms around the 3000 mark. The real break-out came in June ’03 when the Sensex said a final good bye to the 3000 mark and set out for the sky. A break-out from an 11-12 year consolidation is generally seen as a very powerful break-out and the ensuing uptrend can last for many years, if not decades. Moreover, the fact that the Sensex has continuously made higher tops and higher bottoms suggests that the bull run is strongly in place.
Source: http://economictimes.indiatimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The current bull run on the Indian bourses has surprised even the most optimistic analysts and has made a mockery of all predicted targets. Although the market has seen substantial value-based corrections — the one after the NDA debacle in May ’04, the commodity-led correction in May-June ’06 and last year’s sub-prime related correction — it has consistently managed to shrug off these setbacks and bounce back to make newer highs.
It has also made a fool out of all those who have used these corrections to write a bull obituary. So, as the bull market enters its fifth year, we set out on the arduous task of finding out the possible targets for the Sensex in ’08. In the process, we stumbled upon a certain method of technical analysis based on Fibonacci ratios, which have seen considerable success in finding the annual targets of the Sensex in the past. To put the method in place, we considered the Sensex’s monthly charts in a calendar year.
We then subtracted the lowest monthly closing from the highest monthly closing, taking into account the Sensex levels at the end of each month. This difference gave us the range for that particular year. We then multiplied this range with the Fibonacci ratios of 0.382, 0.618, 1 and 1.618 to get various multiples. Then these multiples were added to the tops and subtracted from the bottoms of that particular year to give us the targets and supports for the next year. For example, the highest and lowest monthly closes for the Sensex in ’04 were 6602.69 in December and 4759.62 in May, giving us a range of 1843.07.
This value of 1843.07 multiplied to the Fibonacci ratio of 1.682 gives us 2982.08. And 2982.08 added to the highest monthly close of ’04, i.e. 6602.69 gives us 9584.77, which is strikingly close to the top we saw in ’05, i.e. 9442.98. LOOKING AHEAD As we can see from the table below, at least one among these Fibonacci ratios has given us a target that is in a range of +/- 5% of the final realised value of the Sensex.
Taking this calculation forward, the highest monthly close of the Sensex in ’07 was 20286.99 in December. Similarly, the lowest monthly closing value was 12938.09 in February, giving us a range of 7348.9. If we multiply this range to the various Fibonacci ratios like 0.382, 0.618,1 and 1.618, the corresponding multiples are 2807.28, 4541.62, 7348.9 and 11890.52 respectively. So, in order to find the Sensex targets for ’08, we added these multiples to the highest monthly closing of the Sensex in ’07, i.e. 20286.99.
So, the possible targets of the Sensex in the year ’08 at 0.382, 0.618, 1 and 1.618 Fibonacci ratios are 23094.27, 24828.61, 27635.89 and hold your breath, 32177.51, respectively. SHOW ME THE BRAKES However, as the market keeps heading northwards, the margin of safety keeps getting smaller for an investor. This further enhances the importance of an appropriate stop loss. In order to find that for the Sensex, we looked into various technical indicators, besides the ones based on the above-mentioned Fibonacci ratios.
The stop-loss level for the Sensex will vary from trader to trader based on his/her trading horizon. For a very short-term trader, the stop loss will be the rising trend line joining the bottoms made on October 22, November 22 and December 19. This value is roughly around the 19400 mark at close on December 31.
On the other hand, a long-term investor can use the simple 200-day moving average (DMA) as a stop-loss level, which at close on December 31, was at 15995. Just how important this 200 DMA is for the overall continuation of the bull market can be gauged from the fact that after languishing below the 200 DMA for a long time, the Sensex moved above it in May-June ’03, signalling the beginning of the bull market. In the subsequent years, this 200 DMA has provided the market stunning support and has been broken only twice — during the NDA debacle in May ’04 and the commodity-led crash of May ’06.
However, on both these occasions, the market has managed to bounce back above it to signal the continuation of the bull market. Moreover, the Sensex has got support and bounced back from the 200 DMA on many other occasions, including during the recent subprime-related crash. So, a decisive close below it, in all probabilities, will signal the end of the bull market.
However, for a more optimistic investor, the final level to watch out for is the lowest monthly close in ’07 — 12938.09 in February. A close below this will mean that the Sensex will have made a lower low for the first time since the beginning of the current bull run, signalling its end. Another point to consider is that post the April ’92 peak of around 4500, the Sensex spent 11 long and painful years in a consolidation mode with several bottoms around the 3000 mark.
Although it tried to break out of this range and even managed to make a new high in late 1999, early ’00, this break-out proved out to be a false one and it once again slid to make three more bottoms around the 3000 mark. The real break-out came in June ’03 when the Sensex said a final good bye to the 3000 mark and set out for the sky. A break-out from an 11-12 year consolidation is generally seen as a very powerful break-out and the ensuing uptrend can last for many years, if not decades. Moreover, the fact that the Sensex has continuously made higher tops and higher bottoms suggests that the bull run is strongly in place.
Source: http://economictimes.indiatimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Subscribe to:
Posts (Atom)