Featured Blogs

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  Indian shares gain; inflation springs downside surprise

  Posted by Ianis Ian - May 16

  * Inflation back in central bank's comfort zone after 3 years* ONGC, Oil India gain; hope for higher sale prices to refinersBy Abhishek VishnoiMUMBAI, May 14 (Reuters) - Indian shares edged up on Tuesday as lenders such as State Bank of India and Axis Bank gained after the wholesale inflation index eased to its lowest in more than three years, spurring hopes the central bank would continue to cut rates.Headline inflation fell below 5 percent in April, dropping within the central bank's comfort zone and raising expectations the Reserve Bank of India will deliver more rate cuts after already easing for a total of 75 basis points so far this year. Indian shares thus recovered after posting their biggest daily percentage fall in about a year ...

  

  Gold falls for eighth session, silver down sharply

  Posted by Harrey Martin - May 20

  Gold fell for an eighth straight session on Monday to its weakest level in over a month, as fears that the US Federal Reserve may wind back its economic stimulus programme hurt the metal's appeal as a hedge against inflation.Investors have been dumping gold, which is down 20 percent so far this year, as stocks and the dollar continue to outperform. If gold closes in the red on Monday, it would match the metal's longest losing streak since March 2009."Investors are very bearish at the moment," said Yuichi Ikemizu, branch manager for Standard Bank in Tokyo. "The stock market and the dollar are quite strong. It's a natural move for investors to switch their money from commodities to equities."   Get accurate commodity tips to make good ...

  

  Why traders buy at highs or at retracement?

  Posted by Suresh Gundappa - May 21

  Here are a few beliefs traders might have on why they want to buy at a price higher than it currently is: 1. By continuing higher, the market has demonstrated that it is willing to go higher.2. By waiting till a higher price has been accomplished, the market is indicating that it will probably continue higher.3. By waiting for the bulls to rally prices above a price level that the bears should have defended, the market is indicating that the bulls are in firm command.Now here are a few beliefs traders might have on why they would rather wait for a retracement in price or in a mathematical formula:1. By waiting for a retest of a valid trend line, the trader could use a small stop. The trend line has already demonstrated its power to ...

  

  Bajaj Auto Outlook

  Posted by Raju V Angadi - May 16

  Baja Auto after a down tick of 1.75% yesterday (15/05/2013) yesterday gave a two bar reversal technically closing at 1822 (1.92% higher). The board meet on 16th May 2013. The quarterly results expected tomorrow can be a trend changer for the counter.   Bajaj Auto Daily chart   Bajaj Auto Daily Fibonacci chart   The move above 1865 with higher volume will confirm the bull flag in the counter with a target of 2145.       Aggressive traders can go long either or dips or on current levels with a stop loss of 1780.   The short traders can only take positions below 1780 with sl of 1830.   The key technical levels to watch out for:   Support:         ...

  

  Credit Card Key To Solving Your Financial Woe

  Posted by Pankaj Gautam - May 20

  Money or Paisa is something that we can't live without. We have been in the habit of using money either for personal enjoyment or fulfilling basic needs. Today, we have inflation in India. The huge price hike of things of fundamental needs have shrunk the budget of ordinary people. It is very difficult to manage fulfilling daily needs with the income that one earns. An alternative solution becomes inevitable to opt for to fulfill certain needs. Credit card has come as one of the best and trusted alternatives in this regard. Credit card is one of the most trusted systems you can use to make payment for things purchased or utility bills. This plastic money has gained tremendous popularity from the last few years. People find it very ...