Friday 30 September 2011
Fibonocci Method Nifty Spot Medium Term Level for 3 October 2011
Nifty Spot Medium Term Level for 3 October 2011 | |||
| Support 1 | 4844 | Resistance 1 | 5043 |
| Support 2 | 4756 | Resistance 2 | 5121 |
Nifty Spot Short Term Level for 5 October 2011 | |||
| Support 1 | 4890 | Resistance 1 | 4958 |
| Support 2 | 4821 | Resistance 2 | 4989 |
Reliance cap to sell stake in Reliance Life
The company had signed a definitive agreement to sell a 26 per cent stake in Reliance Life Insurance to Nippon Life Insurance for Rs 3,062 crore earlier this year. The deal was subject to regulatory approvals.
The Insurance Regulatory Development Authority (IRDA) has already granted in-principle approval for the proposed stake sale. Following RBI clearance for the deal, IRDA will now grant final approval for completion of the transaction, Reliance Capital said in a filing to the Bombay Stock Exchange.
Commenting on the development, Reliance Capital CEO Sam Ghosh said, 'We are delighted to receive the RBI approval, bringing us closer to concluding this transaction very shortly.''This is great news as we move closer to completing the transaction,' Nippon Life Insurance president Yoshinobu Tsutsui said.
This transaction pegs the total valuation of Reliance Life Insurance at around Rs 11,500 crore.Nippon Life is a 122-year-old Global Fortune 100 company and the seventh largest life insurer in the world. It is a leading private life insurer in Asia and Japan.
R-Cap figures among the country's top-four private sector financial services and banking groups in terms of net worth.
The Insurance Regulatory Development Authority (IRDA) has already granted in-principle approval for the proposed stake sale. Following RBI clearance for the deal, IRDA will now grant final approval for completion of the transaction, Reliance Capital said in a filing to the Bombay Stock Exchange.
Commenting on the development, Reliance Capital CEO Sam Ghosh said, 'We are delighted to receive the RBI approval, bringing us closer to concluding this transaction very shortly.''This is great news as we move closer to completing the transaction,' Nippon Life Insurance president Yoshinobu Tsutsui said.
This transaction pegs the total valuation of Reliance Life Insurance at around Rs 11,500 crore.Nippon Life is a 122-year-old Global Fortune 100 company and the seventh largest life insurer in the world. It is a leading private life insurer in Asia and Japan.
R-Cap figures among the country's top-four private sector financial services and banking groups in terms of net worth.
To boost bond market _Discuss with Sebi and RBI
The Finance Ministry will discuss with Sebi and RBI the steps required to broad-base and make vibrant the corporate bond market to help mid-sized firms to raise funds at competitive rates.
The ministry on Thursday discussed the issue with participants of the debt market to enlist views for widening the corporate bond market.
'Various suggestions have come (on making corporate bond market vibrant), but no decision so far. We will discuss these suggestions with Sebi and RBI,' a senior finance ministry official said after the meeting.
While India has a well established government securities (G-Sec) market, the corporate bond segment is yet to pick up mainly due to the asset quality of the debt papers.
The official said the discussions were held with the representatives of financial institutions like Morgan Stanley, ICICI Securities, PNB Gilts, Tata Group and AK Capital, on the steps for boosting corporate bond market.
He said there would be another round of meeting next month with the market players to crystallise the suggestions.
Sources said the Government is mulling tax incentives such as reduction in Securities Transaction Tax (STT) and Stamp Duty, besides withdrawal of withholding tax, to help companies raise funds at competitive rates.
G-Secs are preferred over corporate bonds as they enjoy sovereign guarantee and are highly traded, as compared to bonds.
However, in comparison to G-Secs, corporate bonds offer better rate of interest and people prefer to hold them till maturity, hence there is less trading in the segment.
The official said the government is ready to put in whatever it takes to bring liquidity in the corporate bond market.
A vibrant corporate bond market, as suggested by India Inc in its August 1 meeting with Finance Minister Pranab Mukherjee, would help small and medium sized companies to get credit at comparative rates.
Large companies are able to get loan through private placement and from banks, while the smaller players face problems.
The ministry on Thursday discussed the issue with participants of the debt market to enlist views for widening the corporate bond market.
'Various suggestions have come (on making corporate bond market vibrant), but no decision so far. We will discuss these suggestions with Sebi and RBI,' a senior finance ministry official said after the meeting.
While India has a well established government securities (G-Sec) market, the corporate bond segment is yet to pick up mainly due to the asset quality of the debt papers.
The official said the discussions were held with the representatives of financial institutions like Morgan Stanley, ICICI Securities, PNB Gilts, Tata Group and AK Capital, on the steps for boosting corporate bond market.
He said there would be another round of meeting next month with the market players to crystallise the suggestions.
Sources said the Government is mulling tax incentives such as reduction in Securities Transaction Tax (STT) and Stamp Duty, besides withdrawal of withholding tax, to help companies raise funds at competitive rates.
G-Secs are preferred over corporate bonds as they enjoy sovereign guarantee and are highly traded, as compared to bonds.
However, in comparison to G-Secs, corporate bonds offer better rate of interest and people prefer to hold them till maturity, hence there is less trading in the segment.
The official said the government is ready to put in whatever it takes to bring liquidity in the corporate bond market.
A vibrant corporate bond market, as suggested by India Inc in its August 1 meeting with Finance Minister Pranab Mukherjee, would help small and medium sized companies to get credit at comparative rates.
Large companies are able to get loan through private placement and from banks, while the smaller players face problems.
Thursday 29 September 2011
GOLD EXPECTING DOWN SIDE CORRECTION-DOUBLE TOP FORMED IN GOLD CHART(1889.70 &1873.70)
the chart below shows an Adam & Eve double top. The first top is sharp and spiky, and the second is more rounded, depicting a labored attempt to reach the previous highs.
A neckline is drawn across the July price low, showing the support level that needs to be penetrated in order for the formation to "execute" (trigger expectations of lower prices). If it does execute, the minimum downside target would be about 1520 -1550. This target is estimated by measuring the distance between the first top and the neckline, and then projecting the same distance from below the neckline. It is interesting to note that the less accelerated rising trend line drawn across the January and July lows is rising at a rate that could provide support around 1550 if the correction proceeds. A steep rising trend line has been penetrated, increasing our expectation of further decline.
Home minister P. Chidambaram, the Supreme Court
the CBI to submit government documents touching upon the minister's role in the 2G spectrum allocation for scrutiny.
A bench comprising Justice G.S. Singhvi and Justice A.K. Ganguly directed the CBI to produce finance ministry documents, along with former finance secretary D. Subbarao's statement on the basis of which the agency had given a clean chit to Chidambaram in the 2G scam case.
Opposing Janata Party leader Subramanian Swamy's demand for a probe into the role of Chidambaram during his earlier stint as finance minister, the CBI had stated that all documents submitted by Swamy had already been considered as they formed the subject matter of Subbarao's statement recorded by the investigating agency.
Even though the CBI had stated in clear terms on Tuesday that no case was made out against Chidambaram, the court did not seem to have taken the statement at face value. Soon after the bench assembled for the hearing on Wednesday, it asked the CBI to make available the file containing the statement of Subbarao, who is now the RBI Governor.
While the finance ministry's official memorandum of March 25, 2011 has placed Chidambaram in the middle of a political storm, the Supreme Court has sought only those documents which were relied upon by the CBI during investigation.
CBI counsel K.K. Venugopal had virtually ruled out any probe against Chidambaram by stating that all documents submitted by Swamy had already been considered by the investigating agency. "According to us, all documents are the subject matter of the statement by RBI Governor (former finance secretary) D. Subbarao," he said.
Earlier, Venugopal had even read Subbarao's statement to show that it made references to the documents on the basis of which Swamy wanted a probe against Chidambaram.
"Except the memorandum by Pranab Mukherjee, all documents were with us," he said.
With the CBI apparently giving a clean chit to the home minister on the basis of explanations given by Subbarao, Swamy had on Tuesday itself objected to the investigating agency heavily relying on the former finance secretary's statement to draw conclusions.
"There are a large number of documents for which they (the CBI) are relying on Subbarao's statement… The court should summon the documents for scrutiny," Swamy had said.
Venugopal had already stated earlier in court that the agency had considered the documents. But, the issue cropped up once again on Tuesday. This was after a reference was made to the government's statement that the CBI would "naturally" consider the "new documents" filed before the apex court.
Read more at: http://indiatoday.intoday.in/story/cbi-clean-chit-to-chidambaram-supreme-court-seeks-2g-related-papers/1/152994.html
A bench comprising Justice G.S. Singhvi and Justice A.K. Ganguly directed the CBI to produce finance ministry documents, along with former finance secretary D. Subbarao's statement on the basis of which the agency had given a clean chit to Chidambaram in the 2G scam case.
Even though the CBI had stated in clear terms on Tuesday that no case was made out against Chidambaram, the court did not seem to have taken the statement at face value. Soon after the bench assembled for the hearing on Wednesday, it asked the CBI to make available the file containing the statement of Subbarao, who is now the RBI Governor.
While the finance ministry's official memorandum of March 25, 2011 has placed Chidambaram in the middle of a political storm, the Supreme Court has sought only those documents which were relied upon by the CBI during investigation.
CBI counsel K.K. Venugopal had virtually ruled out any probe against Chidambaram by stating that all documents submitted by Swamy had already been considered by the investigating agency. "According to us, all documents are the subject matter of the statement by RBI Governor (former finance secretary) D. Subbarao," he said.
Earlier, Venugopal had even read Subbarao's statement to show that it made references to the documents on the basis of which Swamy wanted a probe against Chidambaram.
"Except the memorandum by Pranab Mukherjee, all documents were with us," he said.
With the CBI apparently giving a clean chit to the home minister on the basis of explanations given by Subbarao, Swamy had on Tuesday itself objected to the investigating agency heavily relying on the former finance secretary's statement to draw conclusions.
"There are a large number of documents for which they (the CBI) are relying on Subbarao's statement… The court should summon the documents for scrutiny," Swamy had said.
Venugopal had already stated earlier in court that the agency had considered the documents. But, the issue cropped up once again on Tuesday. This was after a reference was made to the government's statement that the CBI would "naturally" consider the "new documents" filed before the apex court.
Read more at: http://indiatoday.intoday.in/story/cbi-clean-chit-to-chidambaram-supreme-court-seeks-2g-related-papers/1/152994.html
Nifty Spot Medium ,Short Term Level for 30 September 2011
Nifty Spot Medium Term Level for 30 September 2011 | |||
| Support 1 | 5122 | Resistance 1 | 4932 |
| Support 2 | 5187 | Resistance 2 | 4828 |
Nifty Spot Short Term Level for 30 September 2011 | |||
| Support 1 | 5078 | Resistance 1 | 4956 |
| Support 2 | 5111 | Resistance 2 | 4807 |
Monday 26 September 2011
Major Investing Changed In Stock Market
The last decade stock investing changed. Among the major changes are:
1.Globalization (strong economical dependencies, accessible global stock exchanges).
2.Technologies (instant delivering news, fast-triggered automatic trading systems).
3.Investors' psychology (high sensitivity to news, more irrational behavior).
The stock market of the last decade characterized by faster stocks' price movements, lesser predictability, and stronger dependencies on global factors. Due to the Internet, the news becomes much stronger factor too. Under influence of news, modern investors are prone to give up a rational behavior and follow temporal emotions. Specific information can drive the market easily through investors' fast feedback. The mentioned above three new-age changes have up-trend character. The stock market has a mixed trend-cyclical character. Let's assume that the new-age recent trend will continue and semi-cyclical character of the market will be in force. Therefore, mostly traders, not long-term investors, may play the stock market in the future.
As we know, a stock's price movement is a result of supply and demand. There are several factors that traditionally have an effect on the supply-demand balance, and consequently, form a stock's price. These are: company's fundamentals, industry-market conditions, global and national economies, different types of news, analysts' and experts' opinions, technical analysis signals, seasonal and cyclical fluctuations, the investors' psychology, etc. Evidently, the key to successful investing is the ability to predict these and other factors.
Typically, the stock market prediction can be built on the following approaches: Efficient Market Hypothesis (it states that the prices capture all known information), Fundamental analysis (it considers companies performance and macro-economical conditions), or Technical analysis (it uses historical prices and volumes statistics to detect trend). What approach is the best? Can the combination of different methods improve the accuracy of prediction? In fact, different investors use different approaches and insist that they are right. It seems the different groups of investors have good earnings in the different periods (not all the time).
It is possible that some factors become more dominant time-from-time and drive the market. If we knew the factors that are most influential at each moment, we could apply forecasting methods that are the most appropriate. To this end, the science knows at least two techniques that can be handy: proof from hypothesis and back testing. Both can be employed either by own research or by using the software tools that available. These tools should be powerful enough to perform back-testing simulations for composite hypothesis.
In conclusion, a modern stock market is different than it was ten-twenty years ago, when a strategy "buy-and-hold" was good enough. Now it is much harder to have a decent investment return without a proper research and analysis. Today, the direction of the overall market influences significantly an individual stock, many classical approaches fail, the stock market changes its character, and emotional factors become more powerful. At present, winning in the stock market is based mostly on right information and right tools.
1.Globalization (strong economical dependencies, accessible global stock exchanges).
2.Technologies (instant delivering news, fast-triggered automatic trading systems).
3.Investors' psychology (high sensitivity to news, more irrational behavior).
The stock market of the last decade characterized by faster stocks' price movements, lesser predictability, and stronger dependencies on global factors. Due to the Internet, the news becomes much stronger factor too. Under influence of news, modern investors are prone to give up a rational behavior and follow temporal emotions. Specific information can drive the market easily through investors' fast feedback. The mentioned above three new-age changes have up-trend character. The stock market has a mixed trend-cyclical character. Let's assume that the new-age recent trend will continue and semi-cyclical character of the market will be in force. Therefore, mostly traders, not long-term investors, may play the stock market in the future.As we know, a stock's price movement is a result of supply and demand. There are several factors that traditionally have an effect on the supply-demand balance, and consequently, form a stock's price. These are: company's fundamentals, industry-market conditions, global and national economies, different types of news, analysts' and experts' opinions, technical analysis signals, seasonal and cyclical fluctuations, the investors' psychology, etc. Evidently, the key to successful investing is the ability to predict these and other factors.
Typically, the stock market prediction can be built on the following approaches: Efficient Market Hypothesis (it states that the prices capture all known information), Fundamental analysis (it considers companies performance and macro-economical conditions), or Technical analysis (it uses historical prices and volumes statistics to detect trend). What approach is the best? Can the combination of different methods improve the accuracy of prediction? In fact, different investors use different approaches and insist that they are right. It seems the different groups of investors have good earnings in the different periods (not all the time).
It is possible that some factors become more dominant time-from-time and drive the market. If we knew the factors that are most influential at each moment, we could apply forecasting methods that are the most appropriate. To this end, the science knows at least two techniques that can be handy: proof from hypothesis and back testing. Both can be employed either by own research or by using the software tools that available. These tools should be powerful enough to perform back-testing simulations for composite hypothesis.
In conclusion, a modern stock market is different than it was ten-twenty years ago, when a strategy "buy-and-hold" was good enough. Now it is much harder to have a decent investment return without a proper research and analysis. Today, the direction of the overall market influences significantly an individual stock, many classical approaches fail, the stock market changes its character, and emotional factors become more powerful. At present, winning in the stock market is based mostly on right information and right tools.
Members of Legislative Assembly Full Candidate List - Tamil Nadu Election 2011
Full 234 Candidate List - Tamil Nadu Election 2011
AIADMK - ALL INDIA ANNA DRAVIDA MUNNETRA KAZHAGAM WEB SITE www.aiadmkallindia.org - Declared 160 Candidates List on 16 March 2011 (Tamil Language 160 Candidates List here).
 |
| Members of Legislative Assembly |
C. No. Constituency Name Candidate Name Party Name District
1 - Royapuram - JAYAKUMAR. D - AIADMK - Chennai
2 - Harbour - ANBAZHAGAN. K - DMK - Chennai
3 - Dr. Radhakrishnan Nagar - SEKAR BABU. P.K - AIADMK - Chennai
4 - Park Town - K.SRINIVASAN - AIADMK - Chennai
5 - Perambur - MAHENDRAN. K - CPI (M) - Chennai
6 - Purasawalkam - BABU. V.S - D.M.K - Chennai
7 - Egmore - PARITHI ELLAMVAZHUTHI - DMK - Chennai
8 - Anna Nagar - ARCOT N. VEERASWAMI - DMK - Chennai
9 - Theagaraya Nagar - KALAIRAJAN. V.P - AIADMK - Chennai
10 - Thousand Lights - STALIN. M. K - DMK - Chennai
Contestants - B. Valarmathy, AIADMK
11 - Chepauk - KARUNANIDHI. M - DMK - Chennai
12 - Triplicane - BADER SAYEED - AIADMK - Chennai
13 - Mylapore - SHEKHER. S.Ve. - AIADMK - Chennai
14 - Saidapet - SENTHAMIZHAN. G - AIADMK - Chennai
15 - Gummidipoondi - VIJAYAKUMAR. K.S - AIADMK - Tiruvallur
16 - Ponneri - BALARAMAN. P - AIADMK - Tiruvallur
17 - Thiruvottiyur - SAMY. K. P. P - DMK - Tiruvallur
18 - Villivakkam - RANGANATHAN. B - DMK - Tiruvallur
19 - Alandur - ANBARASAN. T.M - DMK - Kancheepuram
20 - Tambaram - RAJA. S.R - DMK - Kancheepuram
21 - Tiruporur - MOORTHY. D - PMK - Kancheepuram
22 - Chengalpattu - ARUMUGAM. K - PMK - Kancheepuram
23 - Maduranthakam - Dr. GHAYATHRI DEVI. K - INC - Kancheepuram
24 - Acharapakkam - SANKARAVALLI (a) SANKARI NARAYANAN - DMK - Kancheepuram
25 - Uthiramerur - SUNDAR. K - DMK - Kancheepuram
26 - Kancheepuram - KAMALAMBAL. P - PMK - Kancheepuram
27 - Sriperumbudur - YASODHA. D - INC - Kancheepuram
28 - Poonamallee - SUDHARSSANAM. D - INC - Tiruvallur
29 - Tiruvallur - SHIVAJI. E.A.P - DMK - Tiruvallur
Contestants - R. Rajan, AIAMDK
30 - Tiruttani - HARI. G - AIADMK - Tiruvallur
31 - Pallipet - Dr. RAMAN. E.S.S. - INC - Tiruvallur
32 - Arakkonam - JAGANMOORTHY. M - DMK - Vellore
33 - Sholinghur - ARUL ANBARASU - INC - Vellore
34 - Ranipet - GANDHI. R - DMK - Vellore
35 - Arcot - ELAVAZAGAN. K.L. - PMK - Vellore
36 - Katpadi - DURAIMURUGAN - DMK - Vellore
37 - Gudiyatham - LATHA. G - CPI(M) - Vellore
38 - Pernambut - CHINNASWAMY. A - DMK - Vellore
39 - Vaniyambadi - ABDUL BASITH. H - DMK - Vellore
40 - Natrampalli - SOORIYAKUMAR. N.K.R. - DMK - Vellore
41 - Tirupattur - RAJA T.K. - PMK - Vellore
42 - Chengam - POLUR M. VARADHAN - INC - Tiruvannamalai
43 - Thandarambattu - VELU E.V. - DMK - Tiruvannamalai
44 - Tiruvannamalai - PITCHANDI. K - DMK - Tiruvannamalai
45 - Kalasapakkam - AGRI. S.S. KRISHNAMOORTHY - AIADMK - Tiruvannamalai
46 - Polur - VIJAYAKUMAR, P.S. - INC - Tiruvannamalai
47 - Anaicut - PANDURANGAN. K. - AIADMK - Vellore
48 - Vellore - GNANASEKARAN. C - INC - Vellore
Conetstants - L.K.M.P. Vasu, AIADMK
49 - Arni - SIVANANDAM. R. - DMK - Tiruvannamalai
50 - Cheyyar - DR. VISHNU PRASAD, M.K. - INC - Tiruvannamalai
51 - Vandavasi - KAMALAKANNAN J.P - DMK - Tiruvannamalai
52 - Peranamallur - EDIROLI MANIAN. G - PMK - Tiruvannamalai
53 - Melmalayanur - SENTHAMIZHSELVAN.P - PMK - Villupuram
54 - Gingee - KANNAN. V - DMK - Villupuram
55 - Tindivanam - SHANMUGAM. C.Ve - AIADMK - Villupuram
56 - Vanur - GANAPATHY. N - AIADMK - Villupuram
57 - Kandamangalam - PUSHPARAJ. S. - DMK - Villupuram
58 - Villupuram - DR. PONMUDY. K. - DMK - Villupuram
Contestants - P. Murugan, AIADMK
59 - Mugaiyur - KALIYAVARATHAN, V.A.T. - PMK - Villupuram
60 - Thirunavalur - KUMARAGURU. R. - AIADMK - Villupuram
61 - Ulundurpet - THIRUNAVUKKARSU. K - DMK - Villupuram
62 - Nellikuppam - RAJENDRAN SABA. - DMK - Cuddalore
63 - Cuddalore - IYYAPPAN .G - DMK - Cuddalore
Contestants - M.C. Sampath, AIADMK
64 - Panruti - VELMURUGAN. T - PMK - Cuddalore
65 - Kurinjipadi - PANNEERSELVAM. M. R. K. - DMK - Cuddalore
66 - Bhuvanagiri - SELVI RAMAJAYAM - AIADMK - Cuddalore
67 - Kattumannarkoil - RAVIKUMAR, D. - VCK - Cuddalore
68 - Chidambaram - ARUNMOZHITHEVAN, A. - AIADMK - Cuddalore
69 - Vridhachalam - VIJAYAKANT - DMDK - Cuddalore
70 - Mangalore - SELVAM, K. - V.C.K. - Cuddalore
71 - Rishivandiam - SIVARAJ, S. - INC - Villupuram
72 - Chinnasalem - UDHAYA SOORIYAN, T. - DMK - Villupuram
73 - Sankarapuram - ANGAIYARKANNI, A. - DMK - Villupuram
74 - Hosur - GOPINATH, K. - INC - Krishnagiri
75 - Thalli - RAMACHANDIRAN, T. - IND. - Krishnagiri
76 - Kaveripattinam - MEGANATHAN. T.A - PMK - Krishnagiri
77 - Krishnagiri - SENGUTTUVAN, T. - DMK - Krishnagiri
78 - Bargur - NARASIMMAN. K.R.K - DMK - Krishnagiri
79 - Harur - DILLIBABU, P. - CPI (M) - Dharmapuri
80 - Morappur - MULLAIVENDHAN, V - DMK - Dharmapuri
81 - Palacode - ANBALAGAN, K.P. - AIADMK - Dharmapuri
82 - Dharmapuri - VELUSAMY. L - PMK - Dharmapuri
83 - Pennagaram - INBASEKARAN P.N.P. - DMK - Dharmapuri
84 - Mettur - MANI. G.K - PMK - Salem
85 - Taramangalam - KANNAN .B - PMK - Salem
86 - Omalur - TAMIZRASU . A - PMK - Salem
87 - Yercaud - TAMIZSELVAN .C. - DMK - Salem
88 - Salem - I - RAVICHANDRAN . L - AIADMK - Salem
89 - Salem - II - ARUMUGAM .S Veerapandi - DMK - Salem
90 - Veerapandi - RAJENDRAN . A - DMK - Salem
91 - Panamarathupatty - RAJENDRAN .R - DMK - Salem
92 - Attur - SUNDARAM, M.R. - INC - Salem
93 - Thalavasal - CHINNADURAI . K - DMK - Salem
94 - Rasipuram - RAMASWAMY. K. P - DMK - Namakkal
95 - Sendamangalam - PONNUSAMY, K. - DMK - Namakkal
96 - Namakkal - JAYAKUMAR, Dr. K - INC - Namakkal
97 - Kapilamalai - NEDUNCHEZHIAN, Dr. K - PMK - Namakkal
98 - Tiruchengode - THANGAMANI. P - AIADMK - Namakkal
99 - Sankari - DURAISAMY. V.P - DMK - Namakkal (Rev.Admn.-Salem)
100 - Edapadi - KAVERI. V. - PMK - Salem
101 - Mettupalayam - CHINNARAJ. O.K - AIADMK - Coimbatore
102 - Avinashi - PREMA. R - AIADMK - Coimbatore
103 - Thondamuthur - KANDASWAMY.M.N - INC - Coimbatore
104 - Singanallur - CHINNASWAMY. R. - AIADMK - Coimbatore
105 - Coimbatore West - MALARAVAN. T - AIADMK - Coimbatore
106 - Coimbatore East - PALANISAMY. N. PONGALUR - DMK - Coimbatore
107 - Perur - VELUMANI. S.P - AIADMK - Coimbatore
108 - Kinathukadavu - DAMODARAN. S - AIADMK - Coimbatore
109 - Pollachi - JAYARAMAN, V. POLLACHI - AIADMK - Coimbatore
110 - Valparai - KOVAI THANGAM - INC - Coimbatore
111 - Udumalpet - SHANMUGAVELU. C - AIADMK - Coimbatore
112 - Dharapuram - PRAPAVATHI. P - DMK - Coimbatore (Rev.Admn.-Erode)
113 - Vellakoil - SAMINATHAN. M. P - DMK - Erode
114 - Pongalur - MANI. S - DMK - Coimbatore
115 - Palladam - VELUSAMY. S. M - AIADMK - Coimbatore
116 - Tiruppur - GOVINDASAMY. C - C.P.I (M) - Coimbatore
117 - Kangeyam - SEKAR, VIDEYAL S. - INC - Erode
118 - Modakurichi - PALANISAMI . R.M - INC - Erode
119 - Perundurai - PONNUDURAI. C - AIADMK - Erode
120 - Erode - RAJA, NKK. P. - DMK - Erode
Contestants - A. Ganeshamurthy, AIADMK
121 - Bhavani - RAMANATHAN. K.V - PMK - Erode
122 - Andhiyur - GURUSAMY. S - DMK - Erode
123 - Gobichettipalayam - SENGOTTAIYAN, A - AIADMK - Erode
124 - Bhavanisagar - SUBRAMANIAM. O - DMK - Erode
125 - Sathyamangalam - DHARMALINGAM. L. P - DMK - Erode
126 - Coonoor - SOUNDARAPANDIAN. A - DMK - The Nilgiris
127 - Ootacamund - GOPALAN. B - INC - The Nilgiris
128 - Gudalur - RAMACHANDHIRAN, K. - DMK - The Nilgiris
129 - Palani - ANBALAKAN. M - DMK - Dindigul
130 - Oddanchatram - SAKKARAPANI. R - DMK - Dindigul
131 - Periyakulam - PANNEERSELVAM. O - AIADMK - Theni
132 - Theni - GANESAN. R. D - AIADMK - Theni
133 - Bodinayakanur - LAKSHMANAN. S - DMK - Theni
134 - Cumbum - RAMAKRISHNAN. N - DMK - Theni
135 - Andipatty - JAYALALITHAA, J - AIADMK - Theni
136 - Sedapatti - DURAIRAJ. C - AIADMK - Madurai
137 - Thirumangalam - LATHA ATHIYAMAN - DMK - Madurai
138 - Usilampatti - MAHENDRAN, I - AIADMK - Madurai
139 - Nilakottai - THENMOZHI. S - AIADMK - Dindigul
140 - Sholavandan - MOORTHY. P - DMK - Madurai
141 - Thirupparankundram - BOSE, A. K. - AIADMK - Madurai
142 - Madurai West - SHANMUGAM, S.V. (Expired on 5-2-2007) - AIADMK - Madurai
- - Rajendran K S K - INC - Madurai
143 - Madurai Central - PALANIVEL RAJAN, P.T.R. (expired on 20-5-2006) - DMK - Madurai
- - Syed Ghouse Basha, S. - DMK - Madurai
144 - Madurai East - NANMARAN. N - CPI (M) - Madurai
145 - Samayanallur - TAMILARASI. A - DMK - Madurai
146 - Melur - SAMY. R - AIADMK - Madurai
147 - Natham - VISWANATHAN, R. - AIADMK - Dindigul
148 - Dindigul - BALABHARATHY. K - CPI (M) - Dindigul
149 - Athoor - PERIYASAMY. I - DMK - Dindigul
150 - Vedasandur - DHANDAPANI. M - INC - Dindigul
151 - Aravakurichi - KHALEELUR RAHMAN. M. A. - DMK - Karur
152 - Karur - SENTHIL BALAJI. V - AIADMK - Karur
Contestants - M. Thambidurai, AIADMK
153 - Krishnarayapuram - KAMARAJ. P - DMK - Karur
154 - Marungapuri - CHINNASAMY. C - AIADMK - Thiruchirappalli
155 - Kulithalai - MANICKAM. R - DMK - Karur
156 - Thottiam - RAJASEKHARAN. M - INC - Thiruchirappalli
157 - Uppiliapuram - RANI. R - DMK - Thiruchirappalli
158 - Musiri - SELVARAJ. N - DMK - Thiruchirappalli
159 - Lalkudi - SOUNDRAPANDIAN. A - DMK - Thiruchirappalli
160 - Perambalur - RAJKUMAR. M - DMK - Perambalur
161 - Varahur - CHANDRAKASI. M - AIADMK - Perambalur
162 - Ariyalur - AMARAMOORTHY. D - INC - Perambalur
163 - Andimadam - SIVASANKAR. S. S - DMK - Perambalur
164 - Jayankondam - RAJENDRAN. K - AIADMK - Perambalur
165 - Srirangam - PARANJOTHI. M - AIADMK - Thiruchirappalli
Contestants - J. Jayalalithaa, AIADMK
166 - Tiruchirappalli - I - ANBIL PERIYASAMY - DMK - Thiruchirappalli
167 - Tiruchirappalli - II - NEHRU. K. N - DMK - Thiruchirappalli
168 - Thiruverumbur - SEKARAN. K. N - DMK - Thiruchirappalli
169 - Sirkali - PANNEERSELVAM. M - DMK - Nagapattinam
170 - Poompuhar - PERIYASAMY. M. K - PMK - Nagapattinam
171 - Mayiladuthurai - RAJAKUMAR. S - INC - Nagapattinam
172 - Kuttalam - ANBAZHAGAN. KUTHALAM. K - DMK - Nagapattinam
173 - Nannilam - PADMAVATHY. P. - CPI - Thiruvarur
174 - Tiruvarur - MATHIVANAN. U - DMK - Thiruvarur
Contestants - M. Karunanidhi, DMK
175 - Nagapattinam - MARIMUTHU. V - CPI (M) - Nagapattinam
176 - Vedaranyam - VEDARATHINAM. S.K - DMK - Nagapattinam
177 - Tiruthuraipoondi - ULAGANATHAN. K - CPI - Thiruvarur
178 - Mannargudi - SIVAPUNNIAM. V - CPI - Thiruvarur
179 - Pattukkottai - RANGARAJAN. N. R - INC - Thanjavur
180 - Peravurani - VEERAKAPILAN. M. V. R - AIADMK - Thanjavur
181 - Orathanad - VAITHILINGAM. R - AIADMK - Thanjavur
182 - Thiruvonam - MAGESH KRISHNASAMY. T - DMK - Thanjavur
183 - Thanjavur - UBAYADULLAH. S. N. M - DMK - Thanjavur
Contestants - Durai Balakrishnan, AIADMK
184 - Tiruvaiyaru - DURAI CHANDRASEKARAN - DMK - Thanjavur
185 - Papanasam - DORAIKKANNU. R - AIADMK - Thanjavur
186 - Valangiman - ELAMATHI SUBRAMANIAN - AIADMK - Thanjavur (Rev. Admn.-Thiruvarur)
187 - Kumbakonam - MANI. Ko. Si. - DMK - Thanjavur
188 - Thiruvidaimaruthur - BHARATHI MOHAN, R.K. - AIADMK - Thanjavur
189 - Thirumayam - SUBBURAM. RM - INC - Pudukkottai
190 - Kolathur - SUBRAMANIAN. N - AIADMK - Pudukkottai
Contestants - MK Stalin, DMK
191 - Pudukkottai - NEDUNCHEZHIAN. R - AIADMK - Pudukkottai
192 - Alangudi - RAJASEKARAN. S - CPI - Pudukkottai
193 - Aranthangi - UDAYAM SHANMUGAM - DMK - Pudukkottai
194 - Tiruppathur - PERIYAKARUPPAN, KR. - DMK - Sivaganga
195 - Karaikudi - SUNDARAM. N - INC - Sivaganga
196 - Thiruvadanai - RAMASAMY. KR. - INC - Ramanathapuram
Contestants - V. Sathiyamurthy, AIADMK
197 - Ilayangudi - MATHIYARASAN. S - DMK - Sivaganga
198 - Sivaganga - GUNASEKARAN. S - CPI - Sivaganga
Contestants - R.S. Rajakannappan, AIADMK
199 - Manamadurai - GUNASEKARAN. M - AIADMK - Sivaganga
200 - Paramakudi - RAMAPRABU. R - INC., - Ramanathapuram
201 - Ramanathapuram - HASAN ALI. K - INC - Ramanathapuram
202 - Kadaladi - THANGAVELAN, SUBA. - DMK - Ramanathapuram
203 - Mudukulathur - MURUGAVEL. K - DMK - Ramanathapuram
204 - Aruppukottai - THANGAM THENARASU - DMK - Virudhunagar
205 - Sattur - RAMACHANDRAN. K. K. S. S. R - DMK - Virudhunagar
206 - Virudhunagar - VARATHARAJAN. R - MDMK - Virudhunagar
Contestants - Viako aka Vai. Gopalsamy, MDMK (AIADMK)
207 - Sivakasi - GNANADOSS, R. - MDMK - Virudhunagar
208 - Srivilliputhur - RAMASAMY. T - CPI., - Virudhunagar
209 - Rajapalayam - CHANDRA. M - AIADMK - Virudhunagar
210 - Vilathikulam - CHINNAPPAN. P - AIADMK - Tuticorin
211 - Ottapidaram - MOHAN. P. - AIADMK - Tuticorin
212 - Koilpatti - RADHAKRISHNAN. L - AIADMK - Tuticorin
213 - Sankaranayanarkoil - KARUPPASAMY. C - AIADMK - Tirunelveli
214 - Vasudevanallur - SADHAN THIRUMALAI KUMAR. Dr.T. - MDMK - Tirunelveli
215 - Kadayanallur - PETER ALPHONSE. S - INC - Tirunelveli
216 - Tenkasi - KARUPPASAMI PANDIAN. V - DMK - Tirunelveli
217 - Alangulam - POONGOTHAI ALADI ARUNA, DR. - DMK - Tirunelveli
218 - Tirunelveli - MALAIRAJA. N - DMK - Tirunelveli
219 - Palayamkottai - MOHIDEEN KHAN. T. P. M. - DMK - Tirunelveli
220 - Cheranmahadevi - VELDURAI. P - INC - Tirunelveli
221 - Ambasamudram - AVUDAIAPPAN. R - DMK - Tirunelveli
222 - Nanguneri - VASANTHA KUMAR. H - INC - Tirunelveli
223 - Radhapuram - APPAVU. M - DMK - Tirunelveli
224 - Sattangulam - RANI VENKATESAN - INC - Tuticorin
225 - Tiruchendur - ANITHA R. RADHAKRISHNAN - DMK - Tuticorin
226 - Srivaikuntam - SUDALAIYANDI. M.B - INC - Tuticorin
227 - Tuticorin - GEETHA JEEVAN. P - DMK - Tuticorin
Contestants - Cynthia Pandian, AIADMK
228 - Kanniyakumari - SURESH RAJAN. N - DMK - Kanniyakumari
229 - Nagercoil - RAJAN. A - DMK - Kanniyakumari
230 - Colachel - JEYAPAUL. S - INC - Kanniyakumari
231 - Padmanabhapuram - THEODORE REGINALD. T - DMK - Kanniyakumari
232 - Thiruvattar - LEEMA ROSE. R - CPI(M) - Kanniyakumari
233 - Vilavancode - JOHN JOSEPH. G - CPI(M) - Kanniyakumari
234 - Killiyur - JOHN JACOB. S - INC - Kanniyakumari
US Crisis Effect Asian Market - Nifty will Go downTrend Upto 4315 (IMPORT LEVELS)
Nifty Support And Resistance Levels are Give Below.
A US government shutdown remains a possibility after the US Senate rejected a stop-gap spending bill that had passed the Republican-controlled House of Representatives hours earlier.
As voting continued on the measure, Democrats had rounded up enough votes to defeat the bill, which they said did not contain sufficient aid for victims of natural disasters.
Senate majority leader Harry Reid earlier said he planned to discuss with Senate Republican leader Mitch McConnell how to craft a bill that could be more palatable to Democrats.
Congress is up against a 30 September deadline, when the fiscal year ends and government money runs out.
Adding to the urgency, aid for American victims of tornadoes, wildfires and other disasters could dry up by Monday if Congress does not replenish a dwindling relief fund. Funding for everything from national parks to law enforcement could expire in a week.
Even in the face of rock-bottom approval ratings of Congress, the dispute saw lawmakers struggling to bridge their differences to pass even the most essential legislation.
By a largely party-line vote of 219 to 203, the House approved a bill that would keep the government running through 18 November and provide $3.65bn for disaster relief in one of the most extreme years for weather in US history.
On Thursday, Reid said of the bill: "It fails to provide the relief that our fellow Americans need as they struggle to rebuild their lives in the wake of floods, wildfires and hurricanes. It will be rejected by the Senate."
House Republican leaders had to quickly rewrite the bill after an earlier defeat in order to minimise defections from lawmakers aligned with the conservative Tea Party movement.
Democrats overwhelmingly opposed the bill on the grounds that disaster aid was inadequate. They said a $1.5bn cut to an electric-vehicle programme, included to partially offset the increased disaster aid, would kill some jobs in hard-hit states like Michigan.
The No2 House Republican, Eric Cantor, brushed off Reid's threat and said the House intended to adjourn for a week-long break on Friday.
"I guess Harry Reid will have to bear the burden of denying the disaster victims the money that they need," Cantor told reporters.
House speaker John Boehner said the dispute would not lead to a government shutdown. Congress has more than a week to resolve its differences, and every spending debate this year has gone down to the wire.
Boehner and other Republican leaders have promised to lower the temperature on Capitol Hill after fierce budget battles with Democrats pushed the government to the brink of a shutdown in April and the edge of default in August.
The months of turmoil in Washington have spooked consumers, rattled investors and led to a cut in the country's top-notch AAA credit rating.
Republican leaders have struggled at times to rein in a Tea Party faction that has shown no appetite for compromise, even as a special bipartisan committee searches for hundreds of billions in budget savings that will likely require painful sacrifices for Republicans and Democrats alike.
At a behind-closed-doors meeting on Thursday, Boehner said that the stubbornness of those Republicans unwilling to compromise would weaken their party's bargaining position with the Senate.
That was evidently enough to convince 24 Republicans to change their position.
The revived bill included one tweak: it killed a $100m dollar loan for Solyndra, the failed solar-panel maker that has drawn scrutiny for its ties to the Obama administration. That would have little practical effect, as the company has already declared bankruptcy and the loan programme is set to expire next week.
Rising foreclosures throughout 2008, preceding the crash in September, no one spoke of the "R-word", perhaps because of the approaching presidential election in Nov 2008. Only after the bottom fell out did the "revelation" come out that we had indeed been in recession since December 2007. I'm sure those people who had been losing homes and jobs all along were grateful for the news flash.
There are 46 million Americans, or about 15% of the population, on food stamps. Unemployment has barely budged. Corporations are sitting on $2 trillion of cash, and will not spend it because there is no demand, because people aren't working, and those who are are being cautious with their money. This isn't something that ever improved since the crash, and then took another downturn. it's been consistent.
Economists must, of course, use consistent and measurable definitions and statistics to do their jobs, but it doesn't necessarily mean those statistics reflect how people are living, thinking and feeling.
Nifty Resistance Level _5078.
Nifty Support Level _ 4315.
Reasons of Crisis:
As voting continued on the measure, Democrats had rounded up enough votes to defeat the bill, which they said did not contain sufficient aid for victims of natural disasters.
Senate majority leader Harry Reid earlier said he planned to discuss with Senate Republican leader Mitch McConnell how to craft a bill that could be more palatable to Democrats.
Congress is up against a 30 September deadline, when the fiscal year ends and government money runs out.
Adding to the urgency, aid for American victims of tornadoes, wildfires and other disasters could dry up by Monday if Congress does not replenish a dwindling relief fund. Funding for everything from national parks to law enforcement could expire in a week.
Even in the face of rock-bottom approval ratings of Congress, the dispute saw lawmakers struggling to bridge their differences to pass even the most essential legislation.
By a largely party-line vote of 219 to 203, the House approved a bill that would keep the government running through 18 November and provide $3.65bn for disaster relief in one of the most extreme years for weather in US history.
On Thursday, Reid said of the bill: "It fails to provide the relief that our fellow Americans need as they struggle to rebuild their lives in the wake of floods, wildfires and hurricanes. It will be rejected by the Senate."
House Republican leaders had to quickly rewrite the bill after an earlier defeat in order to minimise defections from lawmakers aligned with the conservative Tea Party movement.
Democrats overwhelmingly opposed the bill on the grounds that disaster aid was inadequate. They said a $1.5bn cut to an electric-vehicle programme, included to partially offset the increased disaster aid, would kill some jobs in hard-hit states like Michigan.
The No2 House Republican, Eric Cantor, brushed off Reid's threat and said the House intended to adjourn for a week-long break on Friday.
"I guess Harry Reid will have to bear the burden of denying the disaster victims the money that they need," Cantor told reporters.
House speaker John Boehner said the dispute would not lead to a government shutdown. Congress has more than a week to resolve its differences, and every spending debate this year has gone down to the wire.
Boehner and other Republican leaders have promised to lower the temperature on Capitol Hill after fierce budget battles with Democrats pushed the government to the brink of a shutdown in April and the edge of default in August.
The months of turmoil in Washington have spooked consumers, rattled investors and led to a cut in the country's top-notch AAA credit rating.
Republican leaders have struggled at times to rein in a Tea Party faction that has shown no appetite for compromise, even as a special bipartisan committee searches for hundreds of billions in budget savings that will likely require painful sacrifices for Republicans and Democrats alike.
At a behind-closed-doors meeting on Thursday, Boehner said that the stubbornness of those Republicans unwilling to compromise would weaken their party's bargaining position with the Senate.
That was evidently enough to convince 24 Republicans to change their position.
The revived bill included one tweak: it killed a $100m dollar loan for Solyndra, the failed solar-panel maker that has drawn scrutiny for its ties to the Obama administration. That would have little practical effect, as the company has already declared bankruptcy and the loan programme is set to expire next week.
Rising foreclosures throughout 2008, preceding the crash in September, no one spoke of the "R-word", perhaps because of the approaching presidential election in Nov 2008. Only after the bottom fell out did the "revelation" come out that we had indeed been in recession since December 2007. I'm sure those people who had been losing homes and jobs all along were grateful for the news flash.
There are 46 million Americans, or about 15% of the population, on food stamps. Unemployment has barely budged. Corporations are sitting on $2 trillion of cash, and will not spend it because there is no demand, because people aren't working, and those who are are being cautious with their money. This isn't something that ever improved since the crash, and then took another downturn. it's been consistent.
Economists must, of course, use consistent and measurable definitions and statistics to do their jobs, but it doesn't necessarily mean those statistics reflect how people are living, thinking and feeling.
Friday 23 September 2011
Nifty Spot Medium Term Level for 26 September 2011
Nifty Spot Medium Term Level for 26 September 2011 | |||
| Support 1 | 4843 | Resistance 1 | 4912 |
| Support 2 | 4755 | Resistance 2 | 5055 |
Nifty Spot Short Term Level for 26 September 2011 | |||
| Support 1 | 4880 | Resistance 1 | 4940 |
| Support 2 | 4820 | Resistance 2 | 4989 |
Stock Recommendations for 26 September 2011
Today trading.com
Recommendations for 26 September 2011
Scrip | Trigger | Price | Stop Loss | Target 1 | Target 2 |
|---|---|---|---|---|---|
UNIONBANK | BUY ABOVE | 245.25 | 243.05 | 247.95 | 251.65 |
SELL BELOW | 240.40 | 242.55 | 237.75 | 234.20 | |
HINDALCO | BUY ABOVE | 135.25 | 134.05 | 136.75 | 138.80 |
SELL BELOW | 132.60 | 133.75 | 131.10 | 129.15 |
Nifty Recommendations for 26 September 2011
| Scrip | Previous Close | Support 1 | Support 2 | Resistance 1 | Resistance 2 |
| Nifty-Spot | 4867.75 | 4840 | 4720 | 4920 | 5060 |
Thursday 22 September 2011
Nifty Spot Recommendations for 23 September 2011
Nifty Spot Medium Term Level for 23 September 2011 | |||
| Support 1 | 4870 | Resistance 1 | 5019 |
| Support 2 | 4779 | Resistance 2 | 5070 |
Nifty Spot Short Term Level for 23 September 2011 | |||
| Support 1 | 4898 | Resistance 1 | 4985 |
| Support 2 | 4840 | Resistance 2 | 4920 |
Nifty Spot Recommendations for 23 September 2011
| Scrip | Previous Close | Support 1 | Support 2 | Resistance 1 | Resistance 2 |
| Nifty-Spot | 4923.65 | 4890 | 4812 | 4974 | 5040 |
Stock Recommendations for 23 September 2011
Recommendations for 23 September 2011
| Scrip | Trigger | Price | Stop Loss | Target 1 | Target 2 |
|---|---|---|---|---|---|
| GRAVITA | BUY ABOVE | 429.00 | 425.15 | 433.75 | 440.25 |
| | SELL BELOW | 420.50 | 424.30 | 415.90 | 409.65 |
| IDBI | BUY ABOVE | 105.85 | 104.90 | 107.05 | 108.65 |
| | SELL BELOW | 103.75 | 104.70 | 102.65 | 101.10 |
Stock Recommendations for 22 September 2011
Recommendations for 22 September 2011
| Scrip | Trigger | Price | Stop Loss | Target 1 | Target 2 |
|---|---|---|---|---|---|
| TITAN | BUY ABOVE | 238.15 | 236.00 | 240.75 | 244.35 |
| | SELL BELOW | 233.40 | 235.50 | 230.85 | 227.40 |
| RAJESHEXPO | BUY ABOVE | 135.95 | 134.75 | 137.45 | 139.50 |
| | SELL BELOW | 133.25 | 134.45 | 131.80 | 129.85 |
Nifty Spot Recommendations for 22 September 2011
| Scrip | Previous Close | Support 1 | Support 2 | Resistance 1 | Resistance 2 |
| Nifty-Spot | 5133.25 | 5104 | 5035 | 5190 | 5258 |
RBI believed to have sold dollars around 49.00
The Reserve Bank of India was suspected to be selling dollars in the forex market on Thursday at around 49.15 rupees to arrest steep losses in the local unit after global risk aversion prompted investors to move into safer assets like debt.
The central bank was likely to have started selling dollars from 49.15 per dollar, helping drive the partially convertible rupee back below the 49 mark, 11 dealers said.
The rupee fell more than 1.9 percent on Thursday to its lowest in more than 26 months as global investors fled risky assets following a grim economic outlook for the United States.
The partially convertible rupee was at 49.25/26 per dollar, after hitting 49.2650, its weakest since July 13, 2009.
The dollar climbed to a seven-month high against major currencies after the Federal Reserve flagged "significant downside risks" to the US economy, but stopped short of bold monetary easing.
India's main share index fell more than 4 percent on the day.
The fall in the rupee will fuel India's inflationary woes, making imported goods such as foreign crude oil, on which the country is reliant, more costly.
India's annual inflation is currently sitting near double digits. "Global concerns and a weak rupee are reducing risk-appetite," said Hemen Kapadia, chief executive with investment advisory firm Chart Pundit.
The Reserve Bank of India raised rates for the 12th time in 18 months last week to combat inflation, despite signs of slowing growth.
The central bank was likely to have started selling dollars from 49.15 per dollar, helping drive the partially convertible rupee back below the 49 mark, 11 dealers said.
The rupee fell more than 1.9 percent on Thursday to its lowest in more than 26 months as global investors fled risky assets following a grim economic outlook for the United States.
The partially convertible rupee was at 49.25/26 per dollar, after hitting 49.2650, its weakest since July 13, 2009.
The dollar climbed to a seven-month high against major currencies after the Federal Reserve flagged "significant downside risks" to the US economy, but stopped short of bold monetary easing.
India's main share index fell more than 4 percent on the day.
The fall in the rupee will fuel India's inflationary woes, making imported goods such as foreign crude oil, on which the country is reliant, more costly.
India's annual inflation is currently sitting near double digits. "Global concerns and a weak rupee are reducing risk-appetite," said Hemen Kapadia, chief executive with investment advisory firm Chart Pundit.
The Reserve Bank of India raised rates for the 12th time in 18 months last week to combat inflation, despite signs of slowing growth.
To keep it in safetydeposit boxes at banks or vaults(GOLD)
Deep in the 7.4-acre Singapore FreePort next to Changi International Airport's runways is the bullion vault of Swiss Precious Metals, behind seven-metric-ton steel doors built to survive a plane crash or earthquake.
The rooms are almost full after demand rose five-fold in the year since the Geneva-based company opened the facility. The firm plans an extension, and relocated Chief Executive Officer Jean-Francois Pages to Singapore last month to cope with the surge of investors willing to pay as much as 1% of the value of their holdings each year to keep them secure.
"The European debt crisis and its impact on the solvency of European financial players are driving European customers to find refuge in tangible values like physical gold and other precious metals," Pages said. Demand "is totally compatible with the current financial and political global turmoil."
Barclays Capital is building a new vault, The Brink's Co. and Deutsche Bank AG may add more space, and the Perth Mint may expand for the first time since 2003, a sign they expect demand to keep increasing after the 11-year rally during which prices increased sevenfold. Investors in exchange-traded products backed by gold bought 2,198 tons of bullion since 2003, exceeding all except four countries' official stockpiles.
Storage companies are responding. The 112-year-old Perth Mint, which refines more than 8% of all supply and is owned by the Western Australian state, may add a new vault within the next year, according to Treasurer Nigel Moffatt. The mint sells everything from gold coins to 400-ounce (12.4-kg) bars.
Brink's, the largest bullion carrier in the UK, is considering adding more storage after opening a new London vault earlier this year. Barclays, based in London, is building a vault in the city that will open next year, the bank said in a statement last week.
Deutsche Bank, based in Frankfurt, is considering expanding existing facilities and developing new ones to meet demand, Matthew Keen, a director at the bank, said earlier this month. JPMorgan Chase & Co. started a vault at the Singapore FreePort location last year and opened another in New York.
"With gold prices where they are, we encourage people to keep it in safetydeposit boxes at banks or vaults, which gives that sense of security," said Scott Carter, CEO of Goldline International Inc., a Santa Monica, California-based precious-metals retailer. Gold bought for investment accounted for 38% of total demand in 2010, compared with about 4% a decade before, the World Gold Council estimates.
The rooms are almost full after demand rose five-fold in the year since the Geneva-based company opened the facility. The firm plans an extension, and relocated Chief Executive Officer Jean-Francois Pages to Singapore last month to cope with the surge of investors willing to pay as much as 1% of the value of their holdings each year to keep them secure.
"The European debt crisis and its impact on the solvency of European financial players are driving European customers to find refuge in tangible values like physical gold and other precious metals," Pages said. Demand "is totally compatible with the current financial and political global turmoil."
Barclays Capital is building a new vault, The Brink's Co. and Deutsche Bank AG may add more space, and the Perth Mint may expand for the first time since 2003, a sign they expect demand to keep increasing after the 11-year rally during which prices increased sevenfold. Investors in exchange-traded products backed by gold bought 2,198 tons of bullion since 2003, exceeding all except four countries' official stockpiles.
Storage companies are responding. The 112-year-old Perth Mint, which refines more than 8% of all supply and is owned by the Western Australian state, may add a new vault within the next year, according to Treasurer Nigel Moffatt. The mint sells everything from gold coins to 400-ounce (12.4-kg) bars.
Brink's, the largest bullion carrier in the UK, is considering adding more storage after opening a new London vault earlier this year. Barclays, based in London, is building a vault in the city that will open next year, the bank said in a statement last week.
Deutsche Bank, based in Frankfurt, is considering expanding existing facilities and developing new ones to meet demand, Matthew Keen, a director at the bank, said earlier this month. JPMorgan Chase & Co. started a vault at the Singapore FreePort location last year and opened another in New York.
"With gold prices where they are, we encourage people to keep it in safetydeposit boxes at banks or vaults, which gives that sense of security," said Scott Carter, CEO of Goldline International Inc., a Santa Monica, California-based precious-metals retailer. Gold bought for investment accounted for 38% of total demand in 2010, compared with about 4% a decade before, the World Gold Council estimates.
Tuesday 20 September 2011
Stock Recommendations for 21 September 2011
| Recommendations for 21 September 2011
| ||||||||||||||||||||||||||||||
| Day Trading Rules Today Trading Trading rules' that consists of a set of rules and a clearly-defined step-by-step procedure that tells you a) how and when to enter a trade, b) how to exit at each target level, c) what to do if a target level is not reached till closing time and d) how to exit at stop loss level and e) how to offset losses with overall profits. Please DO NOT commence trading before you have thoroughly read and understood the rules. Please follow the rules strictly. We do not want you to undergo losses on unprofitable trades which could often be avoided by following the rules. 1. Intra rule : These recommendations are for intra-day trading only - do not carry the positions overnight. 2. 5-minute rule : When the trigger condition is fulfilled, wait for 5 minutes, confirm that the trigger condition continues to be fulfilled and then take the advised action. Do not fear that you will lose the best entry price - more often than not, you will get the price again at the advised entry price. However, you should not enter the trade if a) in the 5 minutes, the price has already gone near the 1st target or b) the scrip price is too wide apart from the advised entry price. For 'SELL AT HIGHER LEVEL', 'BUY AT LOWER LEVEL' type of recommendations, when the trigger condition is fulfilled, take the advised action without waiting for 5 minutes. 3. 1st target rule : When the scrip price is around the 1st target , square off 50% of your position. 4. 2nd target rule : When the scrip price is around the 2nd target , square off the remaining 50% quantity; however, if the scrip price does not get near the 2nd target throughout the day, square off at 3.15 pm . 5. Stoploss rule : When the scrip price breaks the stoploss level, exit whatever quantity you have, without waiting further. Adhere to the stop loss tenaciously. STOP LOSS IS PARAMOUNT . 6. Trade-all rule : [This rule is applicable only to subscribers who have access to all the recommendations]. Since the number of recommendations is small and manageable, trade all the recommendations instead of just one or two. This way, even if one or two scrips hit the stop loss, it is most likely that the profits from the other successful trades will more than offset the losses from the stopped-out trades. |
Subscribe to:
Posts (Atom)
