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I strongly believe that every investor who comes for trading initially gives losses as he/she is unable to have control over his greed and fear. At times with all the information and luck in his favour, he makes profit, and then because of his new over confidence, trades more which results in his profit gone and also sometimes a portion of his capital gone, This cycle of fear of the losses and greed to earn more makes him initially give losses.

Out of the total investors who enter the first stage, 80% of them finish off at the first stage only and after an year or two find that the stock market is not their cup of tea. So in the 2nd stage only the 20% investors try to break even in their trading and quite a lot of them are able to have control over their fear and greed with a result that they stop giving losses. Now these traders are ready for the 3rd stage

This stage where a trader makes consistent profit i.e. he does not give loss cheque to the broker. In fact this is the stage which everyone wishes to have in the stock market. But we strongly believe that anybody who wishes to come to the 3 rd Stage has to pass through the above 2 stages

Indian, Chinese steel-makers to discuss cooperation

Ranchi, April 12: Technology exchange between Chinese Indian steel units will be in focus at the international technical meet of Sino-Indian Steel Plant Equipment Manufacturers and Suppliers (SIEMS) 2008 that starts here Wednesday.

The two-day seminar will discuss and explore possibilities of exchanging technology to bring cost effectiveness in the steel sector.

'Chinese firms are becoming partners in expansion of some of the Indian projects in steel sector. There is need to understand each other's plans, requirements and concerns,' said A.S. Mathur, chairman of the Ranchi chapter, Centre for Engineering and Technology and executive director in-charge, Steel Authority of India Ltd (SAIL).

He said: 'SIEMS 2008 will help us know the advance technology and how it could be exchanged to bring cost effectiveness in manufacturing.' At the seminar, Indian and Chinese manufacturers and technology suppliers will present their capabilities and future challenges in steel sector.

The seminar will focus on steel plant process equipment, material handling, turbo machineries, waste heat recovery, non-conventional energy sources, automation, refractory and steel plant construction.

The Indian Institute of Metals, Ranchi Chapter, is hosting the seminar in association with Centre for Engineering & Technology (CET), SAIL, R&D Centre for Iron & Steel (RDCIS), SAIL and MECON Ltd.

There will be 15 presentations and it is likely to be attended by over 200 delegates.

do & dont's of intraday trading

If index is in positive from yesterday and the share you are holding is in minus then it should be cut and if intraday trend of index is in buy then one should buy a stock in which is in plus.

If index is in minus then one should look to short stocks which are minus and not stocks which are in plus.

It is not necessary that a stock which is weak today during intraday trading might be weak tomorrow also, simultaneously if a stock is strong today might not be strong tomorrow

If US Markets have gone up overnight, the markets here in all probability will open strong, so one should be quite careful when buying stocks as the general psychology of public is to buy when good news is there.

Being a contrarians is very important while trading intraday.

Stop loss is a must while trading intraday.

Always trade in very liquid stocks i.e. which have very high volume because as entry and exit can be very fast in such stocks.

Do paper trading before you actually start trading so that when you start making paper profits, then shift to actual trading.

Keep your volume constant e.g.: if you trade in five lots of nifty future then trade in five lots only. This position can be increased only when you are satisfied with your trading for a month. It should not be that one day you buy five lots and next day you trade in ten lots and third day you get a loss and stop trading for two days.

Fear and Greed are at maximum levels while trading intraday so always have less position when you are new to intraday trading as otherwise you will be mostly under tension.

Mukesh Ambani, GE Chairman to be honoured by US forum

New York, April 12: Reliance Industries Chairman Mukesh Ambani and Chairman of General Electric Jaffrey Immelt will be honoured by the American-Indian Foundation for their corporate and philanthropic commitment at its fifth Annual Spring Gala on April 30.

"Jeff and Mukesh lead two companies that have played an integral role in India's economic success story. They have made immense contribution to India's development, primarily through their corporate activities," said Paul Kazarian, Founder and Managing Director of Japonica Partners, which is chairing the gala.

The gala is said to be the biggest India-focused philanthropic fundraiser in the United States. Funds raised at the gala will go towards AIF's main activity of funding innovative Indian non-profit organisations (NGOs) working in the areas of education, livelihood and public health.

Since 2001, AIF has invested in more than 100 Indian NGOs.

"Despite India's economic success in recent years, there are millions of people who are left out of this progress. AIF has been a leader in applying philanthropic resources to enable these excluded people to also benefit from economic growth," said Pradeep Kashyap, Vice Chair of AIF.

"It is a privilege for us to count on the support of two of the world's foremost corporate leaders in our work." AIF said it will announce a major expansion of its vocational training initiative targeting unemployed youth in urban India. Currently, 80 percent of youth entering the job market in India lack a marketable skill, it said.

gr8 thread mate...

Markets will bounce back, say analysts
13 Apr, 2008, 1845 hrs IST............




The domestic markets are in a correction mode from the last three months, and have come down quite significantly from their peak levels. However, as we are entering into the year end results season , the markets are in a side-way movement from the last couple of weeks. The markets are waiting for a direction from the results and guidance provided by many companies during their result announcement.

The recent consolidation and correction in the stock markets is mainly driven by weak global cues (sub-prime crisis driven credit problems in the US, weaker economic data in the US, news and views about the recession in the US economy and general slowdown in world economic activities).

Recently, the USA Federal Reserve chairman Ben Bernanke told the US congress that the American economy may shrink slightly in the first half of this year and may consolidate (come back) in the second half of the year. Many analysts believe that the reasons for the current slowdown in the US economy is quite different from those for the slowdown seen in the last couple of decades, and hence it requires different steps to set things right.

As far as the domestic markets are concerned, analysts believe that they will bounce back in the medium term and the leaders of the next market rally will be different from those of the past rallies.

The domestic economy today is the second fastest-growing one in the world. India's real GDP grew at an average rate of more than eight percent per annum in the last three years. As per the Reserve Bank of India's (RBI) projection , the domestic economy will grow by a healthy rate of around eight percent this year as well.


Here is a sector-wise analysis in the current market situation :

Sectors

Banking stocks (private and public sector) are expected to under-perform in the medium-term due to rising defaults and non-performing assets. Technology stocks are expected to underperform also, due to their dependence on exports, rising wage costs and competition in the domestic markets.

Pharma and FMCG stocks are seen as defensive stocks in the market. Stocks in these sectors are expected to out-perform in rough market conditions Telecom stocks are facing margin pressures in the short term due to the entry of new players, but volumes are increasing for telecom companies at a rapid pace. Long-term prospects of telecom stocks are quite good.

Tips for investors


We have seen many choppy sessions in the market in the last few weeks (five percent intraday swings in market indices are being observed quite frequently). Investors are advised to exercise caution in these volatile market conditions.


Here are some points

Investors should keep in mind while investing in the stock markets in these conditions:

Stay invested


Those who invested in blue chip or fundamentally strong mid-cap should hold on their positions. Markets have already crashed over 30 percent from their peak levels . Nobody can rule out a further cut in the market, but the possibility of sharp cuts from these levels is quite remote.

Average out


Investors with a high risk appetite can look at accumulating blue chip stocks at lower price levels, and hence average out their entry prices in stocks. However, investors should only invest their risk capital in the market . Investors should never take loans to buy shares in the market. One should try to accumulate more stocks and average out the buying price systematically by buying in small quantities.

Cut loss


Cutting loss is an extreme step. However, people invested in under-performing stocks should look at switching their corpus to better quality or performing stocks. We have seen a couple of rallies in the market over the last couple of weeks. People looking at cutting losses should carefully watch the price movements and cut down their losses if they see a rally in their stocks.

TCS placed in Gartner's report
13 Apr, 2008, 1936 hrs IST.......

MUMBAI: Financial services provider, TCS Financial Solutions, on Sunday said its core banking solutions -- TCS Bancs -- has been positioned in the leaders quadrant of Gartner's Magic Quadrant for international Retail Core Banking, 2008 report.

The positioning indicates the company's commitment in delivering business efficiencies and implementation certainity, TCS Financial Solutions president Ganapathy Subramaniam said in a release here.

The CBS enhances the business of banking with the capability to configure and manage the full cycle of the banking process from origination to servicing across multiple channels, the company said.

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services and has a global customer-base of over 250 institutions operating in 80 countries, it added.

LPG cylinders containing half of the specified gas: Haroon Yusuf
13 Apr, 2008, 2011 hrs IST.......................

NEW DELHI: Beware! Your LPG gas dealer might not only be making you wait for months to get a refill cylinder, he might also be cheating you by delivering semi-filled gas cylinders, with some of them supplying half the total weight of the specified gas.

During a raid in the national capital, the officials from Weight and Measure Departments found there was a shortage of gas ranging from 1 kgs to 6 kgs in the cylinders.

"This is also one of the major reasons for shortage and spiralling prices. The cylinder which usually lasts for a month empties in merely 15 days due to less quantity of gas, thus people end up spending more in purchasing gas," Food and Supplies Minister Haroon Yusuf said.

He said the dealers were trying to earn quick and easy money and diverting the clandestinely filled cylinders in the commercial places like hotels at the higher prices.

Domestic LPG is heavily subsidised and hence comes much cheaper. Since each gas cylinder contains 14.8 kg of gas, the unscrupulous gas dealer by refilling the empty gas cylinders from the sealed cylinders try to earn quick buck.

Giving details of the raid conducted on Saturday, the Minister said the officials had inspected 97 agencies and 46 prosecutions were launched against the gas dealers who were asked to shell out Rs 5000 as the offence is compoundable.

The minister also informed that so far 20 FIRs have been registered against the officials of the gas agencies after substantial discrepancies of LPG Control Order were noticed following an inspection in their offices.