Sensex
|
--
You cant do anything about the Length of your life,but you can do something about its Width and Depth.
Samir Kumar Shah.
9830405060
Attachment(s) from samir shah
1 of 1 File(s)
I expect a thrust upwards in afternoon session or earlier..
Abe
Hold long with 4940 as trading level…
Global markets indicate support at lower levels
Abe
"...without the volatile prices for food and energy, the core index for consumer prices remained flat, as they did in March. Over the 12-month period that ended in April, the core index rose 0.9 percent, which economists said was the lowest it has been since the 1960s. Everything is going down. Stocks. Commodities. Real Estate. China. What happened to the recovery? Is it taking a breather? Is it just 'fragile,' as most economists believe? No. It hasn't slowed down. It isn't fragile. It just doesn't exist...
http://www.stock-investing-software.com/commentary/articles.html?next=14262
Ian
This week's "Tools of the Trade": http://snipr.com/tools-of-the-trade
Explicit NON-commercial advisory: Spot-on, advantageous FREE information, products and/or services presented weekly.
----
This week's "Tools" topic: Just a good little commentary on timed trading in this current dysfunctional market.
| Have we hit the tops in the Real Estate market? what would happen to the investors who are banking upon the successful IPOs of 18 Real Estate cos which are stuck mid-way between completion and delivery for want of funds. If need, we have hit a peak, who will save the investors, IPOs, and the existent players-DLF and Unitech? Puny Gurgaon-a satellite suburb of Delhi now boasts of more millionaires than all of Delhi put together. With average psft rate of Rs 8000 or more, any apartment of 5000 sq feet now sells for over Rs 4 crore in Gurgaon-a suburb that is more Haryana than Delhi, has no basic infrastructure, lacks water and power supply but boasts of a better status than Delhi in political terms. Something similar has happened and failed in Europe and the US, and is now visible in Australia and Japan where low interest rates has meant easy credit for inflating existing asset bubble. I would be very wary of anyone investing in Real Estate concerns active in Gurgaon or the string of Real Estate IPOs which are slated to come forth over the next 6 months. An article from "The Daily Telegraph" is appended-maybe investors would sit up an notice how over-valued DLF and Unitech are. "Residex figures show 5347 Sydney streets now on millionaires' row" The article comes from The Daily Telegraph. It explains: "Boasting an address in millionaires' row used to be the preserve of Sydney's elite. But thanks to the property boom close to one-in-five Sydney streets can now claim the same bragging rights." And it's not just Sydney, apparently Melbourne has 4,222 streets with a median price above $1 million per house, and even little ol' Hobart has 13 streets with the median price above a million. We think that takes top billing as an example of Preposterous Property Spruiking. It seems pretty obvious to us that the Australian market is almost out of puff and therefore the spruikers - including the mainstream press - have to come up with any half-cocked statistic that makes it seem like buying property right now is a great idea. But is this genuinely the top of the market, just before the steep and scary decline? To be honest, we don't know. It looks and feels like it is. But something's holding us back from calling it. It just doesn't seem right. In our mind there are still too many people who agree with our view of a property bubble. For a contrarian that's an uncomfortable feeling. We prefer be stuck out on our own with no company but for the Goldbugs and stock market bears. In fact, privately we'd always thought the signal for the top of the housing market would be when the number of abusive emails into the Money Morning mailbag went off the chart. The type of email that would say, "We didn't buy a house because of you and now we never will because we can't afford it... you b@#$%^d!" But that hasn't happened. In total we've only received about three emails of a similar nature over the last eighteen months. In other words, what I'm saying is that while all the signs shout "Housing Bubble", odds are the pop will happen when we least expect it. When no-one's looking. Right now there still seem to be too many people on the bubble-bursting bandwagon. Even so, a collapse in 2010 still looks to be the odds on favourite, but if we're honest we thought 2009 looked like an unbackable favourite at the time. We're often asked what will be the trigger for the collapse when it happens. While the banks are inseparable from the property market, our guess is the ultimate trigger for the collapse will come from the Reserve Bank of Australia (RBA). Just as the over-confidence of the government caused it to slash the wrists of the mining sector, thinking that because it had saved the economy it could do it again by killing the resources industry, so the RBA will suffer from its own bout of over-confidence. That's apparent from some of the recent speeches we've seen from the RBA, such as Dr. Luci Ellis' comments last week about there not being a credit-fuelled bubble in house prices. The RBA seems fond of pulling levers in its attempts to manipulate the economy, it's now just a case of when it will pull one lever too many. Stay tuned. The RBA meets for its monthly lever pulling session next week. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
FIVE YEARS DOWN THE LINE: A NEW BRIDGE OVER TROUBLED WATERS
BLOOD IS THICKER THAN GAS
Mukesh and Anil Ambani will also negotiate a new gas supply agreement
Non-compete pact buried by Mukesh, Anil in Truce II MUKESH and Anil Ambani took a giant step towards ending their bitter feud by agreeing to scrap a set of agreements that had stirred up trouble between them. The apparent end of the soap-opera style fight between the brothers, which had captivated the country but had delayed vital infrastructure projects, was greeted with relief by government ministers.
The two billionaire brothers said in a joint statement on Sunday afternoon that they had decided to end agreements preventing them from investing in industries where the other was present and pledged to work together in an atmosphere of harmony.
The second Ambani truce, which comes almost five years to the day after the original family settlement brokered by Kokilaben, the mother of the two brothers, scraps a no-compete pact that had barred Mukesh, 53, from sectors such as power, telecom and financial services and had kept Anil, 50, away from refining and petrochemicals. The only vestige of the earlier agreement left over is RIL's pledge not to set up gas-fired plants till March 31, 2022.
In the joint statement, Reliance Industries, headed by Mukesh and four companies of the Anil Dhirubhai Ambani Group (ADAG) said they had signed a new and simpler non-compete agreement that "will eliminate any room for further disputes between the two groups... on the scope and interpretation of the noncompete obligations"
The two sides also said they would soon negotiate a new gas supply agreement in keeping with a
Finance minister Pranab Mukherjee, the government's favoured interlocutor for resolving tricky problems, including fixing the price of gas, told ET the truce would lead to healthy competition and boost investor confidence.
"It is a very positive development. It is good that the two companies and the Ambani brothers have reached an agreement as it would lead to healthy competition. They are corporate giants in themselves and this kind of an agreement will have a real positive impact on the larger corporate world. Other companies will draw confidence from them as this would mean an end of the rivalry."
The two brothers also said they were hopeful that Sunday's developments would create an atmosphere of "harmony and collaboration between these two groups".
Sunday's development, while sudden, was not entirely unexpected. Both sides, according to persons familiar with the situation, had become increasingly exhausted over the seemingly interminable dispute. "Neither side is dying to get into each other's sectors. That's not primarily what this is about. What the agreement really does is that it will stop both sides from spending their energy blocking each other," said a person close to ADAG.
Sources familiar with the developments of the past week said Kokilaben had once again played a key role in the latest truce. According to these sources, Anand Jain, a close friend of Mukesh, and Atul Dayal, one of RIL's top lawyers, were key players in the last-lap negotiations. Last week, in an indication of the impending truce, Mukesh had met the PM requesting a change of rules to help new gas-fired plants obtain supply of the fuel for a period longer than the five years currently fixed by the government. If implemented, this will help ADAG attract financing for its power projects.
A new gas supply agreement remains the only matter that still needs to be resolved. Non-compete pact escalated tussle
ONCE that happens, a clause in the family MoU—which said Anil could sue Mukesh in case a suitable gas supply agreement was not reached—was likely to be scrapped, according to the sources.
The existence of the non-compete pact had escalated the estrangement. Anil had objected to Mukesh's move to enter the financial services sector to support RIL's retail operations.
In 2008, a possible deal between Reliance Communications and South African telecom company ran into trouble after RIL said it had a so-called right of first refusal (ROFR) to buy the telecom business of ADAG. Sunday's reworked agreements scraps all ROFRs between the two groups.
The Supreme Court ruling in favour of RIL in the prolonged legal dispute over the price of gas appears to have galvanised moves towards a settlement.
The court said ADAG companies would have to buy gas at a price of $4.20 per million British thermal units (mBtu) compared with $2.34 per mBtu contained in the family settlement in 2005 when RIL was divided between Mukesh and Anil. The SC also asked the two brothers to sign a new gas supply agreement.
AMAN KI ASHA... WHEN THIS FAMOUS PICTURE WAS SHOT AT THE ET AWARDS IN 2005,
it sparked speculation that the raging war between India's richest brothers may come to an end soon. But it didn't, and only got worse with time. This photo, through those agonising years, almost singularly carried the hope of Brothers Ambani coming together. Today, after 5 years of festering bitterness and mistrust, that hope is on the verge of becoming a reality.
Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
Expected to be positive and sideways…..
Abe
Take a chance on TAKE on strict close SL basis….
Risky, but good signs of reversal….
Abe
President Horst Koehler's office says he has signed the German contribution to the euro750 billion ($1 trillion) rescue package for troubled eurozone countries into law. Spokesman Steffen Schulze says Koehler signed the legislation on Saturday. The law foreseeing cash and state loan guarantees to protect eurozone countries with troubled finances from bankruptcy passed both houses of parliament on Friday. Berlin's contribution may add up to euro147.6 billion in loan guarantees, should the funds be requested by one of the 16 nations using the euro. Germany's president holds a mainly ceremonial role. However, he can delay or refuse signing legislation if he deems it unconstitutional. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
