I rightly predicted a credible pull back. It happened by fag end of March. Sensex recovered from 18200 levels to 19200 levels and Nifty to 5800 levels from 5300.
What is in store during April 2011 ?
Q4 and full year numbers, FX volatility impact on margins to watch out for. I expect moderate sideways movement as we have pulled up considerable in March.
Range could be 5650 to 6100. Sintex, Bajaj Holding could gain this month.
Monday, April 4, 2011
Sunday, March 27, 2011
New place
As always., new place, new challenges, new learning and the obvious adjustments.... Every year, IT industry sends to some new place and my life looks like a brand start all over again ... and again... and again....
I will be U.K for some time... my regular readers... if you are around, do drop in and say "Hi" to me....
I will be U.K for some time... my regular readers... if you are around, do drop in and say "Hi" to me....
Sunday, March 20, 2011
Stay away U.N
Dear United Nation and its idiotic members ....
1. Have you ever made any useful difference to any country ?
2. What right you have got to intervene with military action in any country ?
3. Have you checked your previous track record ? any productive outing so far ?
4. Just look at your record - Iraq, Gaza or Afgan .... how hopeless you were ?
5. People of Libya will fight for their rights, they are determined ... let them decide and act for their future.
6. How on earth bombing from 30,000 ft will benefit the civilians ?
You Idiots ....Stay Away...
1. Have you ever made any useful difference to any country ?
2. What right you have got to intervene with military action in any country ?
3. Have you checked your previous track record ? any productive outing so far ?
4. Just look at your record - Iraq, Gaza or Afgan .... how hopeless you were ?
5. People of Libya will fight for their rights, they are determined ... let them decide and act for their future.
6. How on earth bombing from 30,000 ft will benefit the civilians ?
You Idiots ....Stay Away...
Saturday, March 19, 2011
Cost conscious office Lunch
As the inflation soured, the Lunch at office became a farce over last 2 years.... A funny take on the lunch :
1. Big sized utensils should not be used to serve lunch.
2. Dividers in the plates should be filled with some food... not necessarily your favourite vegetable or well known vegetable
3. Barter system is considered as a Crime... like i don't want curd rice but give me one more roti !
4. Payasam will be served through Reynold Pen's CAP
5. One papad means One half portion of Papad...
6. Quantity of items served on the plate to be treated like "Temple prasadham"
7. New board announces "Too much of eating is definitely injurious to health and shape of the body" in 38 languages
1. Big sized utensils should not be used to serve lunch.
2. Dividers in the plates should be filled with some food... not necessarily your favourite vegetable or well known vegetable
3. Barter system is considered as a Crime... like i don't want curd rice but give me one more roti !
4. Payasam will be served through Reynold Pen's CAP
5. One papad means One half portion of Papad...
6. Quantity of items served on the plate to be treated like "Temple prasadham"
7. New board announces "Too much of eating is definitely injurious to health and shape of the body" in 38 languages
Wednesday, March 16, 2011
Japan Tsunami
Let us support the people of Japan.....
Japan has withstood lot of challenges in the past., and hope they will put their fighting spirit once again to test....
If not helpful., at least not to spread the rumours, false news and avoid panic.
Tuesday, March 1, 2011
Sensex Outlook - Mar 2011
As i predicted, Nifty did not break 5250 levels and recovered smartly after Budget presentation during Feb.
What is in store for March ?
I only one big -ve factor - Crude prices due to political uncertainty. Barring that Nifty should trade in the range of 5450 - 5850 range. As Nifty has fallen quite steeply post October., it is natural time for some credible pull back.
I feel 5250 levels are unlikely to be broken during March.
What is in store for March ?
I only one big -ve factor - Crude prices due to political uncertainty. Barring that Nifty should trade in the range of 5450 - 5850 range. As Nifty has fallen quite steeply post October., it is natural time for some credible pull back.
I feel 5250 levels are unlikely to be broken during March.
Saturday, February 26, 2011
Chennai real estate
I am recording my views on Chennai real estate. I dont claim myself an expert and an avid follower of the trend.
Chennai has become a lovely hub of industrialisation over past 15-22 years... be it automobile, IT, manufacturing or one can consider even colleges as business houses :)
Due to the strong availability of educated, graduated youth lot of companies started setting up shop in chennai. Disadvantage - Sweat Climate, yellowish water. Barring that Chennai, had everything going in its way.
Thankfully, those got ignored post 2003 and Chennai zoomed and was leading contributor in job creation over last decade.
Chennai is very wide - OMR, Kelambakkam on one side... maraimalai nagar on other side... till Sriperumpudhur, Ranipet on third side.... Fourth side lead to Andhra pradesh !
Where to buy is the mute question ?
OMR, Maraimalai Nagar and Sriperumpudur looks good for investment opportunity. Why ? Employed people are out in full strength in those localities ! Strictly for Flats with rental income opportunity !
But my bet for next 10-18 years is on Coimbatore ! Fine city, nicely connected, decent climate and easy water and where the India's F3 car made with Maruti 800 CC Engline ! It is a place to spend after your active life / retirement than Chennai.
I predict a respectable job creation in Coimbatore. Be there to grab the opportunity and start eyeing the lands !
Chennai has become a lovely hub of industrialisation over past 15-22 years... be it automobile, IT, manufacturing or one can consider even colleges as business houses :)
Due to the strong availability of educated, graduated youth lot of companies started setting up shop in chennai. Disadvantage - Sweat Climate, yellowish water. Barring that Chennai, had everything going in its way.
Thankfully, those got ignored post 2003 and Chennai zoomed and was leading contributor in job creation over last decade.
Chennai is very wide - OMR, Kelambakkam on one side... maraimalai nagar on other side... till Sriperumpudhur, Ranipet on third side.... Fourth side lead to Andhra pradesh !
Where to buy is the mute question ?
OMR, Maraimalai Nagar and Sriperumpudur looks good for investment opportunity. Why ? Employed people are out in full strength in those localities ! Strictly for Flats with rental income opportunity !
But my bet for next 10-18 years is on Coimbatore ! Fine city, nicely connected, decent climate and easy water and where the India's F3 car made with Maruti 800 CC Engline ! It is a place to spend after your active life / retirement than Chennai.
I predict a respectable job creation in Coimbatore. Be there to grab the opportunity and start eyeing the lands !
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