Trading with PT style

[praveen taneja]

Troubled Times:
Credit Ratings of 133 Countries




Financial centres Singapore, hong Kong, Switxzerland and the UK are rated AAA by S&P while the US has been downgraded to AA+ by the same rating agency. The US' Aaa credit rating by Moodys is also "under review".

All in all, a total of 133 countries/territories have been rated/ re-rated. (For more details, plse see articles below.) ISO code Country MOODYS RATING MOODYS OUTLOOK Fitch RATING FITCH OUTLOOK S and P RATING S and P OUTLOOK

AU Australia Aaa STABLE AA+ STABLE AAA STABLE

BR Brazil Baa2 POSITIVE BBB STABLE BBB- POSITIVE

CA Canada Aaa STABLE AAA STABLE AAA STABLE

CN China Aa3 POSITIVE A+ STABLE AA- STABLE

FR France Aaa STABLE AAA STABLE AAA STABLE

DE Germany Aaa STABLE AAA STABLE AAA STABLE

GR Greece Ca DEVELOPING CCC CC NEGATIVE

HK Hong Kong Aa1 POSITIVE AA+ STABLE AAA STABLE

IN India Baa3 STABLE BBB- STABLE BBB- STABLE

ID Indonesia Ba1 STABLE BB+ POSITIVE BB+ POSITIVE

IE Ireland Ba1 NEGATIVE BBB+ NEGATIVE BBB+ STABLE

IL Israel A1 STABLE A STABLE A STABLE

IT Italy Aa2 UNDER REVIEW AA- STABLE A+ NEGATIVE

JP Japan Aa2 UNDER REVIEW AA NEGATIVE AA- NEGATIVE

KP Korea A1 STABLE A+ STABLE A STABLE

MY Malaysia A3 STABLE A- STABLE A- STABLE

NZ New Zealand Aaa STABLE AA+ NEGATIVE AA+ NEGATIVE

PH Philippines Ba2 STABLE BB+ STABLE BB STABLE

PT Portugal Ba2 NEGATIVE BBB- NEGATIVE BBB- NEGATIVE

QA Qatar Aa2 STABLE AA STABLE

RO Russia Baa1 STABLE BBB POSITIVE BBB STABLE

SA Saudi Arabia Aa3 STABLE AA- STABLE AA- STABLE


SG Singapore Aaa STABLE AAA STABLE AAA STABLE

ES Spain Aa2 UNDER REVIEW AA+ NEGATIVE AA NEGATIVE

CH Switzerland Aaa STABLE AAA STABLE AAA STABLE

SY Taiwan Aa3 STABLE A+ STABLE AA- STABLE

TH Thailand Baa1 STABLE BBB STABLE BBB+ STABLE

AE United Arab Emirates (Abu Dhabi) Aa2 STABLE AA STABLE AA STABLE

GB United Kingdom Aaa STABLE AAA STABLE AAA STABLE

US United States Aaa UNDER REVIEW AAA STABLE AA+ NEGATIVE

 

[praveen taneja]

Nifty opened on a positive note after Federal Reserve said it would keep interest
rates low for at least two more years and global equities rallied. Nifty moved in the
range of 5120-5195 before closing higher by 88 points

Nifty Call options of strike 5300 added 10932 lots to open interest while Put
options of strike 4600 had a build up of 53334 lots

Nifty Put Call ratio (OI) stands at 1.05 with the total open interest in Call options at
1,503,687 lots and that in Put options at 1,581,798 lots

Jain Irrigation, Kotak Bank, MRPL, SAIL, SCI, Tata Motors DVR, HDIL, Voltas
and Axis Bank appear strong while BPCL, DCHL and Havells India appear relatively
weak

Volatility Index fell by 17% from 34.88 to 28.95. It is likely to cool down further in
the next few days

 

[praveen taneja]

Dear friends across India,



The Cabinet approved a weak and ineffective "Joke-pal" bill -- ignoring people's mandate for strong anti-corruption legislation. But public outrage is rapidly turning to bold, nationwide action -- let's join in and supercharge this historical moment. Click now and help rescue the Jan Lokpal:



The Cabinet has approved a weak and ineffective “Joke-Pal” draft for Parliament -- betraying the overwhelming public mandate for a strong anti-corruption law. But public outrage is rapidly turning to bold, nationwide action -- we can join in and supercharge this historical moment.

The future of the fight against corruption is now in the hands of the standing committee, and they have the power to strengthen the Cabinet's weak Lokpal . We know they will only act to regulate themselves and their friends if public pressure gives them no other option. Anti-corruption protests planned across India in the next weeks will powerfully send the message: we won't stop until we win!

Already, the government has moved to quash Anna Hazare's upcoming protest in Jantar Mantar -- showing their fear of public outcry. Let’s double the energy we brought to support Anna last April. By standing together in our own towns, parks and communities, we will show our leaders the power of India's anti-corruption movement. Click below to find an action near you, then join in with your friends and family:

http://www.avaaz.org/en/attend_a_march_for_jan_lokpal_1/?vl

The Parliament has just begun the much anticipated monsoon session. After months of promises and bureaucratic delays, Congress wants to pass a Lokpal bill that does little to fight corruption in their ranks. Under the proposed Joke-pal, the PM, the entire Judiciary and 75% of all civil servants would be immune from investigation -- leaving them to steal our money and force bribes with impunity.

But the government has heard about the hundreds of protests planned across India to support the Jan Lokpal and a real anti-corruption bill. Anna Hazare is already making waves: he has said he is ready to face lathis, jail, bullets, starvation -- he is willing to sacrifice his life for India's desperately needed strong anti-corruption legislation. Now is the time for us to stand with Anna and thousands of brave activists in the streets and tell the government that we will fight against corruption until we win!

Throughout this month, citizens across the country are forming small teams and undertaking padyatras. On August 9th, we will gather to tear up and burn the government's Jokepal in protest of the weak and ineffective proposal. And on August 16th, we will start relay hunger fasts across the country to support Anna Hazare and many other brave citizens on hunger strike. Click the link to see the schedule of actionsacross the country and sign up with friends and family:

http://www.avaaz.org/en/attend_a_march_for_jan_lokpal_1/?vl

Three months ago, our movement catapulted corruption to the top of the national agenda and won promises from Singh and his cabinet for historic action. Since then, we've delivered over a million messages to key decision makers: flooding their offices with emails, faxes and phone calls; presenting hard-hitting stunts and billboards; and gaining massive coverage in the media. Let’s now pull out all the stops and show the whole country and the world we are determined to take on corruption and win.

With hope and determination,

 

[praveen taneja]

Interest Rate Strategy Update
The Risks to AAA Sovereign Ratings
 The downgrade to US Treasuries AAA rating has triggered rising concern over other
AAA sovereign ratings, notably those of the UK and France.
 The three pillars of a sovereign rating are debt affordability, financeability and
reversibility of the debt. We argue that on these measures the risks in UK and France
are lower risk than those in the US.
 Market confidence remains fragile and the price action gives us great cause for
concern. We do not think, however, that a ratings action in the UK or France would be
justified at the current time.
 With this in mind, the recent underperformance of France against both Germany and
the tier two countries may not be sustainable. The spread between France and Spain
at December/January levels in particular looks too tight.

 

[praveen taneja]

NIFTY
Trend-Weak
SENSEX
Trend-Weak
If NIFTY breaches 5202 and stays above at least 5181 with good volume then NIFTY trend is becoming 'STRONG' and may see 5230 and 5265.If Nifty breaches 5119 and stays below 5141 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5090 and 5055.
If SENSEX breaches 17260 and stays above 17194 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17345 and 17460.If Sensex crosses 17001 and stays below 17067 level then Sensex trend is said to be 'WEAK'.Then expected lower targets are 16910 and 16805.
Intraday break out level to watch on NIFTY Spot- 5202
Intraday break down level to watch on NIFTY Spot- 5119

 

[praveen taneja]

Intraday break out level to watch on NIFTY Spot- 5174
Intraday break down level to watch on NIFTY Spot- 5103:thumb:

 

[praveen taneja]

Indian Stock Market:Board meetings on 12th August 2011


Company Purpose

A2Z Maint & Engg Results
Gujarat Recl Results
Raasi Refrac Results
Aanjaneya Lifecare Results
Gujarat Them Results
Raj Agro Results
Aarey Drugs Results
Gujarat Tool Results
Rajesh Export Results
ABC Paper Results
Gulshan Chem Results
Rajkumar Forge Results
ABG Infra Results
GV Films Results

 

[praveen taneja]

Indian Stock Marketividend and other actions on 12th August 2011


Company Action

Apar Industries Dividend 3.50
Asahi Songwon Dividend 2.00
Asian Hotels (East) Dividend 4.50
Bhageria Dye Dividend 1.20
City Union Bank Dividend 0.85
Cochin Minerals Dividend 1.75
Eclerx Services Dividend 22.50
Gulshan Polyols Dividend 1.25
Moldtek Technologies Dividend 1.50
Priya Dividend 1.00
Sumedha Fiscal Service Dividend 0.80

 

[praveen taneja]

Indian Economy
FDI into India saw a whopping 310% increase in June 2011 to USD
5.65 bn, indicating the revival of investor confidence in the Indian
economy. Indirect tax collections in July were up 16.4% from a year
ago, in the April-July period the kitty was up 27% from a year ago.
The numbers are particularly encouraging considering that the
government had removed the import duty on crude and lowered
that on petroleum products to cushion the consumers from the
impact of the high international crude prices. It had also lowered
excise on diesel. The loss on account of reduction in excise on diesel
alone was INR 16000 mn in July. The duty reduction would cost
over INR 490000 mn in full fiscal. Food inflation surged to a four-and-
half month high of 9.9% during the week ended July 30 on the back
of costlier onions, fruits, vegetables and protein-based items. It
stood at 8.04% in the previous week. The prices of onions went up
by 36.62% year-on-year, while fruits became 16.49% more expensive.
In addition, cereal prices went up by 6.22%, potatoes by 10.85%
and milk by 10.38%. Meanwhile, fuel and power inflation stood at
12.19% for the week ended July 30, marginally up from 12.12% in
the week ended July 23. Judging by current data, the central bank
is likely to increase its repurchase rate by 25 bps to 8.25% in their
Sept. 16 policy meeting.

 

[praveen taneja]

Market Snapshot
• Nifty August Futures closed at 5079.85 (Premium of 6.9 over the Nifty
spot)
• Open interest Nifty FUTIDX (Expiry 25 August: 23.68 mn.
• Open interest BankNifty FUTIDX (Expiry 25 August): 1.42 mn.
• India VIX for the week ended at 27.02, up 2.12 from previous week’s close
(24.90). In the week VIX touched low of 24.90 and high of 37.
Weekly Open Interest Analysis (Nifty Option)
Across all expiries, open interest is highest at the 5500, 5600 call options,
while open interest in the put options is highest at 5000, 5300 strike prices,
suggesting 5000-5500 to be the trading zone for Nifty index in short term,
with a slight negative bias.
Sector Wise OI Change:
Positive OI change was seen in Bank, Metal&Mining sectors. Negative OI
change was seen in Capital Goods.