NIFTY SPOT TECHNICAL CHART

(Click on the chart for bigger view)Nifty spot closed at 4713 with heavy profit booking and all short term long positions winding up as short Christmas vacation is coming up. As indicated a chart of nifty daily from mid 2009, we can see volatility of nifty index. In 2011,...

Excerpts of Letter of Warren Buffett to Shareholders, year 1978

Excerpts from Warren Buffett’s Letter to Shareholders for year 1978 ....We make no attempt to predict how security markets  will behave; successfully forecasting short term stock price movements is something we think neither we nor anyone else can do.  In the longer run, however, we feel that many of our major equity holdings are going to be worth considerably more money than we paid… …Slow capital turnover, coupled with low profit margins...

Excerpts of Letter of Warren Buffett to Shareholders, year 1977

Excerpts/Key Learnings from Warren Buffett’s Letter to Shareholders for year 1977:The excerpts are taken from the letter and not changed with words or sentences. References are given as and wherever necessary. …After all, even a totally dormant savings account will produce steadily rising interest earnings each year because of compounding.      …Except for special cases (for example, companies with unusual debt-equity ratios...

Fake Exports Scam?: Black Money coming back to India by exports-over-invoicing with help of government

In a report dated 10 Oct 2011, Sanjeev Prasad, Sunita Baldawa and Amit Kumar of Kotak, unearthed the possible export-scam amounting to even more than combined 2G, mines and all other scams.The report said that in between 2008-09 and 2010-11, exports to the Bahamas jumped to $2.2 billion from $2.2 million. Yet, India’s share in Bahamas’ imports, which totalled $2.8 billion in 2010, is a relatively minor 7.5 percent. Thus, this 1000 fold in 2...

Indians’ per capita income rises 2.5 times in a decade

From year 2001-02’s Rs.18450, the per capita income of average investor risen to Rs.54000 in 2010-11. The per capital income calculated at current prices registered an annual average growth rate of about 12.80% during this time period...

NIFTY SPOT TREND LINE CHART

NIFTY SPOT INDEX: (click on the chart for larger view)The NSE Nifty spot closed at 5050 up by 2.29% on weekend. Nifty spotstood above 21 and 34 day EMA but didn't cross 100 and 200 day EMA whichdoesn't show buying opportunity. Short term long position takers should becautious for next week, because of having some negative diversion in stochasticon daily basis. There are various resistances like 5089/5129/5163 with supportslike 5005/4981/4939.--...