The Hindu Business Line : Sunday, January 28, 2007

INVESTMENTS
CALL CENTRE
Limit your market losses
Last week, we discussed the market and limit orders. There is another special option called `stop loss order'. As the term suggests, it aims at minimising the loss in any trade and is typically used when the market goes into reverse gear. This ... More

Money-Talk
Mr George Van Der Merwe, 30, is the Chief Operating Officer at Sahara Computers and Electronics. With a Post-Graduate Diploma in IT and Management from South Africa, he started his career in IT Services and Consulting Business. He took ... More

Investment Nuggets
Jesse Livermore is widely acclaimed as the greatest and one of the most successful stock traders on Wall Street. Known by his nickname, "The Boy Plunger", he is said to have gone short (selling a stock that one does not own hoping to buy ... More

INSIGHT
Fear not commodity investing
With few factors at play, commodity markets are easy to understand More

Stanchart MF takeover — What's in it for UBS
With a large, mostly untapped pool of household savings and its newfound investor appetite for equity mutual funds, the Indian market has once again become a sought-after destination for global financial ... More

Global markets play piper to Indian stocks
As a stock market investor, are you keeping tabs on signals from the US Federal Reserve, trends in the Japanese economy, or political developments in Thailand? If not, it is probably time you did. With the Indian stock market strongly outpacing ... More

MUTUAL FUNDS
PruICICI Dynamic Fund: Invest
PruICICI Dynamic was among the handful of funds that delivered 50 per cent plus return in a highly volatile 2006. More

Kotak Lifestyle Fund: Invest
The fund takes concentrated exposures in sectors, which increases its risk profile. Investors should ensure that the fund accounts for a small portion of the overall portfolio. More

Market View
While global investors in an environment of slowing developed market growth and steady inflation will continue to adopt risk-seeking behaviour, that is, investing in high growth markets like China and India, there will be periods ... More

Fund Talk
I am an NRI investing in the following mutual funds (equally) through SIP from June 2006. HDFC Equity, FranklinIndia Prima Plus, DSPML Opportunities, Reliance Vision, Magnum Contra, Sundaram Select Midcap and Reliance Growth. I will have a ... More

Magnum Midcap Fund — Manufacturing in favour
The year 2006 was not a great year for mid-cap stocks; along with small-caps, it bore the brunt of the market turmoil. The returns generated in the first few months of the last calendar year failed to sustain till the year-end. But the ... More

Update
Reliance Mutual Fund has announced dividends of 25 per cent each under the dividend options of two of its schemes- Reliance NRI Equity Fund and Reliance Media and Entertainment Fund. The record date for the both the dividends is January ... More

STOCKS
Balaji Telefilms: Buy
An investment can be considered in the stock of television content provider Balaji Telefilms. The stock has been an under-performer in the recent mid-cap rally. The current market price is still about 30 per cent below its May-2006 levels. ... More

Prajay Engineers Syndicate: Buy
While the company is well-geared in terms of land and funds, its execution risks are high, given the scale at which it is ramping up business. More

GHCL: Hold
Higher volumes and better realisations in the soda ash business are likely to spur earnings growth. More

TECHNICAL ANALYSIS
Query Corner
I have purchased Nagreeka Exports at Rs 140. What is the short-term outlook for this company? Swapnil Patil Nagreeka Exports (Rs 128.4): The stock is displaying considerable strength since it made a low of Rs 68 in August ... More

Index Outlook
The mild 100-point gain in Sensex fails to reflect the whirl of activity that was witnessed in the Indian markets last week. Stock prices were buffeted by the deluge of quarterly numbers and the expiry of the January contracts in the derivatives ... More

Reliance
RIL took a breather last week, sliding down gently to an intra week low of Rs 1,354. A five-wave move is complete from the low of Rs 1,181 hit on December 12. A mild reaction to Rs 1,320 can see the prices rising once more to Rs 1,453 and then to ... More

SBI
The stock made an intra week high of Rs 1,233 last Monday and then moved lower towards our medium term target of Rs 1099. The pattern established last week confirms our view that the medium term down trend that started from the high of Rs 1,378 ... More

Tata Steel
The scrip broke out above the resistance at Rs 495, that it was grappling with over the last three weeks. The surge on Thursday has taken the stock to an intra week high of Rs 509. The immediate resistance for this stock exists at Rs 510, where ... More

Infosys
The counter hit an intra week high of Rs 2,261 on Monday and spent the rest of the week moving sideways just above the 50-day moving average. The Rs 2,260 level is the trend decider for this week. Failure to rally above this level would see the ... More

ACC
The stock could not move past the resistance that exists at Rs 1,100, as indicated last week. The 50-day moving average present at Rs 1,072 will act as an important short-term resistance for this stock. The short-term outlook for ACC continues to ... More

ONGC
The scrip is moving sideways between Rs 860 and Rs 940 over the last two weeks. If we consider the target of the move from the low of Rs 620 made in June 2006, the first target falls at Rs 930. The second target is at Rs 994. The stock has ... More

Trader's Corner
For a day trader, each day is war, which he wages with himself. Just as a general with a detailed plan of action who eventually wins the war, the more the preparation that is put in prior to the commencement of the trading day, the greater the ... More

Chart Focus
We recommend a buy in Crane Software at current levels. Though, the weekly and daily charts are choppy and volatile, the monthly chart is interesting. The stock hit a high of Rs 135 in November 2005 and has been moving sideways since then. This ... More

CARS
Embera CRDi: Sings a diesel Sonata
The new Sonata Embera diesel features a re-worked, more-empowered common-rail direct injection engine, matched with a new six-speed manual gearbox. More

Question & Auto
I am planning to buy the new Maruti WagonR Vxi with ABS. I live in Bangalore and plan to go on weekend trips in the car. What do you recommend, the ABS version or the VXi trim variant without ABS ? Ramachandra Kiran K ABS or ... More

STOCK MARKETS
Are you lucky?
Consider this. Your friend tells you that he bought his dream car with the profits he made from trading in the stock market. This encourages you to dabble in the markets too. Your portfolio, however, declines 25 per cent. Will you blame ... More

Baskets of X
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Bull's Eye
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DERIVATIVES MARKETS
Nifty may head southwards
More

Open interest as a barometer of derivatives market
If the markets are on an uptrend and open interest is also increasing, it is a bullish signal. It implies the entry of new players, who are creating fresh long positions and suggests the flow of extra money into the market. More

MERGERS & ACQUISITIONS
Curtains on two thrillers
Fasten your seat-belts! The outcome of two of the biggest acquisitions involving Indian companies will be clinched soon. On January 29, the Hong Kong-based Hutchison Telecommunications is convening a board meeting to take stock of its 67 per cent ... More

OVERSEAS INVESTMENTS
Time for investors to look at emerging markets
Money managers in India should consider diversifying into other emerging markets, as they can expect considerable uplift in portfolio returns from such exposure. More

INCOME TAX
Trading or speculating?
I am a day trader. I purchase shares normally with the intention of taking delivery. However, if I get a price which is more than the purchase price, I sell the share without taking delivery and book a profit. I also sell and re-purchase ... More

IPOS
Power Finance Corporation: Invest at cut-off
Focus on an industry with big growth prospects and an impressive set of financial numbers warrants a favourable look at PFC's initial public offer. More

Firstsource Solutions: Invest at cut-off
The diversified business model, strong relationships and aggressive acquisition strategy lend confidence to the offer. However, competition and integration risks remain. More

RIGHTS ISSUE
Karur Vysya Bank: Invest
Pricing, a decent track record and compelling valuation metrics make the rights offer an attractive proposition. More

BOOKS
Gold, the ultimate dollar hedge
The near future could prove to be a financial disaster for everyone who continues to have faith in the strength of the dollar. More

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