SGX Singapore Nifty Live Value Change
SGX Nifty 5,363.00 + 24.00
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Long-term trend may have turned bullish

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The Nifty gained for the fifth straight week. It's crossed over its own 200-Day Moving Average (DMA), which could be a signal of reversal for the major bear market. We'll have to see if this move sustains. As of now, the intermediate and short-term trends are definitely bullish and the long-term trend may also have reversed and turned bullish.

Institutional support has been good. The dollar-rupee rate has strengthened to below 49 on the back of strong FII buying. In terms of macro-news, there's good news out of the US in terms of better job data. But there could be further trouble in Europe and Iran.

In the short term, the market's next upside target would be somewhere between 5,400 and 5,600. On the downside, the key support level to watch is 5,200-5,250, because that's where the 200 DMA is trending. If the market dips below 5,200, we'll have to characterise this move as a bull-trap that sucks in long-traders disastrously.

The daily high-low volatility has been on the low side. The index has tended to open 25-50 points above the previous close and then not change much through the session. However, it would be safer to assume there will be a big 125-150 point session every so often.

Among subsidiary sectors, the CNXIT is holding above support at 6,250, with the next support at 6,100. The Bank Nifty has moved above 10,200 and the key support would be 9,900. The Bank Nifty is liable to outperform and lead overall market direction. However, the CNXIT could underperform in a continued rally due to a stronger rupee.

The Nifty put call ratio (PCR) is now in an overbought zone, with the February PCR at above 1.6 and the overall PCR at above 1.5. This could be a signal of an impending correction or a short-term phase of profit-booking.

Option chain examination shows that February call open interest (OI) is concentrated between 5,300c(139), 5,400c (83), 5,500c (43) and 5,600c (19). The February Put OI is focussed between 5,000p (19), 5,100p (31), 5,200p (49), 5,300p (77) and 5,400p (119). One would guess that consensus expectations are between 5,000 and 5,600 with an upside bias. Traders with a timeframe of five sessions, could focus between 5,200p and 5,600c.

A close to money bullspread of long February 5,400c (83) and short 5,500c (43) costs 40 and pays a maximum 60. One step further away, a long 5,500c and short 5,600c costs 24 and pays maximum 76. The close-to-money (CTM) bearspread of long 5,300p (77) and short 5,200p (49) costs 28 and pays a maximum 72.

Note that with the index at 5,360, the bearspreads and bullspreads positions are almost equidistant. The difference in risk-reward ratio is caused by a high PCR, which in turn, is caused by the expectation of a continuing bull-run. The CTM bearspread has a tempting risk:reward ratio but a bullspread trader may want to move to the long 5,500c-short 5,600c combination.

Looking at strangles, we can try a long 5,200p and long 5,500c covered with short 5,100p, short 5,600c. This long-short combination costs 42 and pays a maximum 58. The breakevens are at 5,158, 5,542. The chances of profit from both ends exists if there is a quick short-term reaction followed by a recovery.

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February 6, 2012
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Stocks make merry but trading interest sags

The Sensex and Nifty are up around 15 per cent since the beginning of this calendar spreading cheer among investors. But traders do not seem to be convinced that this rally is sustainable. Many parameters in the derivative segment such as trading volume, open interest and the volatility index suggest that traders have reduced their activity in the futures and options segment of the equity market.

Trading volumes dip

The average daily trading volume in the derivative segment of NSE was around Rs 1,28,000 crore in the last quarter of 2011. This number declined 19 per cent to Rs 1,03,000 crore since the beginning of this calendar.

Decline in trading volume is counter-intuitive on two counts. The higher stock prices should have automatically bolstered the trading volume as well. Two, traders should have traded higher volumes as they saw consistent trend in stock prices.

Slip in open interest

Open interest (OI) that comprises all the futures and options contracts not squared at the end of a trading day is also a good representative of trader mood. Increasing open interest reflects the confidence that traders feel in the sustainability of the current trend. Conversely they move to the fence in an unpredictable and volatile market thus making the open interest fall.

Average daily OI in January was Rs 1,16,000 crore. This is eight per cent lower than the average for December.

India VIX

The volatility index moves down in bull markets, and rises in bear phases. The India VIX based on Nifty option premiums moved down rapidly in the first three weeks of January. But it is once again creeping up since January 25 implying that traders expect volatility to increase.

It is not just the domestic traders who are showing reluctance to trade, of late. Gross derivative turnover of foreign institutional investors is also down 27 per cent in January over a month ago.

So what could be behind this trader apathy? Sustained downward move in the market over 2011 with the Indian equity market among the worst performers world-wide had made traders largely swing towards a bearish view. This had made them take short positions. These traders have been forced to square their position once the stock prices reversed higher. These traders could be reluctant to take a contrary stance and play long just yet.

Another reason could be the persisting woes of Greece and other beleaguered European economies. This could be making traders wary of another sell-off.

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February 6, 2012
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Index Outlook: Market strides forward

The week started on a wobbly note with the miscreant ‘negative global cues' creeping out yet again on Monday to yank stocks lower. The Sensex closed 370 points lower and the Nifty lost 117 points in that session. But just as the bulls began packing their bags, stocks rebounded and did not look back after that.

Global cues now in a positive garb were reported to be the perpetrators of this rebound. Just goes to show the futility in trying to find a rationale for the day-to-day swings in stock markets. The Supreme Court verdict on 2G licences provided an interesting diversion to market participants who drowning under a sea of earning announcements.

Trading interest revived as stocks continued striding forward. Cash volumes spiked higher sharply. Open interest is edging higher and stands at Rs 1,20,000 crore reflecting the confidence that traders are feeling in forecasting the market movement. FIIs too have steadfastly stood by the Indian stocks in January. They have net purchased over Rs 10,000 crore worth of stocks last month.

Markets across the globe got off to a flying start this year. The Sensex has recorded the best gains in January since 1994. Both the Sensex and the Nifty are up around 12 per cent in this period. The strong green candle in the monthly candlestick chart that could almost be a bullish engulfing pattern is also pleasing to the eye.

But the monthly chart shows that despite the daily gyrations and weekly mood swings, the benchmarks have not done much over the last five months. The Sensex is stuck in a trading band between 15,500 and 18,000 and the Nifty is in the range between 4,600 and 5,400. That nothing has changed over this period is also reflected in monthly momentum indicators.

There are two ways to interpret the sideways move over the last five months. It could either be a bottoming out process before the index moves higher. Or it could be a halt before the long-term decline resumes. Break beyond either boundary will help resolve this quandary to some extent.

Long-term trend in both the Sensex and the Nifty continue to be up. Both the indices retraced almost 45 per cent of the up-moves from March 2009 lows. As far as the magnitude of decline goes, this one is large enough to qualify as the correction of the rally from 2009 trough.

In other words, the correction could have completed at 15,135 in the Sensex and 4,531 in the Nifty. But the indices need to make some more progress before we can be sure about that.

Sensex (17,604.9)

An encouraging facet of last week's trade is the Sensex' move above its 200-day moving average (DMA) at 17,300. It also moved above the 17,400 level to end the week 371 points higher. Next targets for this rally are the October peak at 17,908 and then 18,121.

As explained above, the area around 18,000 also forms the ceiling of the medium term trading range for the index. If this level is shattered, next resistance would be at 18,826.

Supports for the days ahead would be 16,828, 16665 and 16,435. Short-term view will turn negative only on close below the first support.

Nifty (5,325.8)

The Nifty declined to the low of 5,076.7 before closing with aplomb above 5,300. The index has now moved well clear of its 200-day moving average at 5,190. This up-move shows no signs of letting up and we are fed up of looking for points from which it can reverse lower.

So we restrict to identifying next short-term targets. These are 5,400 and 5,434. Since the index is past the 38.2 per cent retracement of the down-move from 6,338 peak, 50 per cent retracement will be the next important hurdle for this index.

Medium-term target on a close above 5,450 is 5,648.

The index will receive support at 5,090, 5,015 and 4,940 in the upcoming sessions. The 200 DMA at 5,191 and recent trough at 5,076 will also provide interim support to the index. Traders can buy in declines as long as it holds above 5070. Close below this level will mean that a more serious correction is progress.

Global indices

Global benchmarks recorded strong gains last week. The outcome of the EU summit where leaders agreed on strict implementation of austerity measures appeared to please investors.

Strong US jobs data gave further fillip to stocks towards weekend. CBOE VIX moved to the low of 16.1 on Friday as stocks showed no sign of letting up on the bullish fervour.

European benchmarks such as CAC, DAX and FTSE recorded around 3 per cent gains and went on to breach significant resistances.

The Dow declined to 12,529 mid-week but it recovered from there to close at 12,862, the highest weekly close since May 2008.

The action of the index next week is critical. It can still reverse lower and move down to 11,000 or 10,400 in the ensuing months.

On the other hand, strong break above this level will result in the index moving on to 14,198 or 14,336 in the months ahead.

Short-term support that needs to be watched is at 11,900. If this level holds, the index can be expected to power higher in the upcoming weeks.

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February 5, 2012
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Nifty has broken past major hurdles

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The markets continued to rally for yet another week, driven by liquidity. The Foreign Institutional Investors (FIIs) so far this year have pumped in over Rs 15,000 crore. The Sensex, which, witnessed some choppiness in the first half of the week, rallied firmly in the latter half as FIIs stepped up the buying.

The BSE benchmark index rallied to a high of 17,630, and finally settled with a gain of over two per cent at 17,605. In the process, the Sensex has around 13.5 per cent so far in this calendar year.

Among the Sensex stocks this week, DLF zoomed nearly 9 per cent to Rs 230. Tata Power, Hero MotoCorp, Hindalco, TCS, Sun Pharma, Jindal Steel, Gail India, HDFC Bank and Bajaj Auto were up 5-8 per cent each. On the other hand, Coal India, BHEL and Larsen & Toubro were the major losers.

Last week, the Sensex gave a positive breakout on the quarterly charts, and now has crossed its first major hurdle of 17,565 on the yearly charts. This indicates further bullishness for the markets. Now, the overall trend for the markets is likely to remain up as long as the Sensex trades above 16,500-16,600. The immediate support for the index would be around 17,170.

As per the monthly Fibonacci charts, the Sensex may now target 17,920 in the short-term, while face resistance around 18,150-18,370 on the upside. The NSE Nifty moved in a range of 258 points, the index from a low of 5,077 surged to a high of 5,335. The index ended with a gain of 2.3 per cent at 5,326.

The Nifty has now cleared two major hurdles in form of the 50-WMA and 200-DMA. The index has now settled above the 200-day DMA (Daily Moving Average) for three successive days, which now strengthens the up move. The index has also closed above the 50-WMA (Weekly Moving Average) - which is at 5,255. The 200-day DMA, at 5,190, and the 50-WMA will now act as an immediate support for the index.

The momentum oscillators continue to remain bullish on both the daily and the weekly charts. Hence, one should expect fresh buying on dips. The upside resistance for the Nifty could be around 5,370-5,400. Next week, the Nifty can rally to 5,425-5,485 on the upside, while may seek support around 5,225-5,165 on the lower side.

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February 4, 2012
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Index Outlook: Market strides forward

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The week started on a wobbly note with the miscreant ‘negative global cues' creeping out yet again on Monday to yank stocks lower. The Sensex closed 370 points lower and the Nifty lost 117 points in that session.
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February 4, 2012
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Wkly Tech Analysis Nifty has broken past major hurdles

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The markets continued to rally for yet another week, driven by liquidity. The Foreign Institutional Investors (FIIs) so far this year have pumped in over Rs 15,000 crore. The Sensex, which, witnessed some choppiness in the first half of the week, rallied firmly in the latter half as FIIs stepped up the buying.

The BSE benchmark index rallied to a high of 17,630, and finally settled with a gain of over two per cent at 17,605. In the process, the Sensex has around 13.5 per cent so far in this calendar year.

Among the Sensex stocks this week, DLF zoomed nearly 9 per cent to Rs 230. Tata Power, Hero MotoCorp, Hindalco, TCS, Sun Pharma, Jindal Steel, Gail India, HDFC Bank and Bajaj Auto were up 5-8 per cent each. On the other hand, Coal India, BHEL and Larsen & Toubro were the major losers.

Last week, the Sensex gave a positive breakout on the quarterly charts, and now has crossed its first major hurdle of 17,565 on the yearly charts. This indicates further bullishness for the markets. Now, the overall trend for the markets is likely to remain up as long as the Sensex trades above 16,500-16,600. The immediate support for the index would be around 17,170.

As per the monthly Fibonacci charts, the Sensex may now target 17,920 in the short-term, while face resistance around 18,150-18,370 on the upside. The NSE Nifty moved in a range of 258 points, the index from a low of 5,077 surged to a high of 5,335. The index ended with a gain of 2.3 per cent at 5,326.

The Nifty has now cleared two major hurdles in form of the 50-WMA and 200-DMA. The index has now settled above the 200-day DMA (Daily Moving Average) for three successive days, which now strengthens the up move. The index has also closed above the 50-WMA (Weekly Moving Average) - which is at 5,255. The 200-day DMA, at 5,190, and the 50-WMA will now act as an immediate support for the index.

The momentum oscillators continue to remain bullish on both the daily and the weekly charts. Hence, one should expect fresh buying on dips. The upside resistance for the Nifty could be around 5,370-5,400. Next week, the Nifty can rally to 5,425-5,485 on the upside, while may seek support around 5,225-5,165 on the lower side.

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February 4, 2012
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Index Outlook: Market strides forward

The week started on a wobbly note with the miscreant ‘negative global cues' creeping out yet again on Monday to yank stocks lower. The Sensex closed 370 points lower and the Nifty lost 117 points in that session. But just as the bulls began packing their bags, stocks rebounded and did not look back after that.

Global cues now in a positive garb were reported to be the perpetrators of this rebound. Just goes to show the futility in trying to find a rationale for the day-to-day swings in stock markets. The Supreme Court verdict on 2G licences provided an interesting diversion to market participants who drowning under a sea of earning announcements.

Trading interest revived as stocks continued striding forward. Cash volumes spiked higher sharply. Open interest is edging higher and stands at Rs 1,20,000 crore reflecting the confidence that traders are feeling in forecasting the market movement. FIIs too have steadfastly stood by the Indian stocks in January. They have net purchased over Rs 10,000 crore worth of stocks last month.

Markets across the globe got off to a flying start this year. The Sensex has recorded the best gains in January since 1994. Both the Sensex and the Nifty are up around 12 per cent in this period. The strong green candle in the monthly candlestick chart that could almost be a bullish engulfing pattern is also pleasing to the eye.

But the monthly chart shows that despite the daily gyrations and weekly mood swings, the benchmarks have not done much over the last five months. The Sensex is stuck in a trading band between 15,500 and 18,000 and the Nifty is in the range between 4,600 and 5,400. That nothing has changed over this period is also reflected in monthly momentum indicators.

There are two ways to interpret the sideways move over the last five months. It could either be a bottoming out process before the index moves higher. Or it could be a halt before the long-term decline resumes. Break beyond either boundary will help resolve this quandary to some extent.

Long-term trend in both the Sensex and the Nifty continue to be up. Both the indices retraced almost 45 per cent of the up-moves from March 2009 lows. As far as the magnitude of decline goes, this one is large enough to qualify as the correction of the rally from 2009 trough.

In other words, the correction could have completed at 15,135 in the Sensex and 4,531 in the Nifty. But the indices need to make some more progress before we can be sure about that.

Sensex (17,604.9)

An encouraging facet of last week's trade is the Sensex' move above its 200-day moving average (DMA) at 17,300. It also moved above the 17,400 level to end the week 371 points higher. Next targets for this rally are the October peak at 17,908 and then 18,121.

As explained above, the area around 18,000 also forms the ceiling of the medium term trading range for the index. If this level is shattered, next resistance would be at 18,826.

Supports for the days ahead would be 16,828, 16665 and 16,435. Short-term view will turn negative only on close below the first support.

Nifty (5,325.8)

The Nifty declined to the low of 5,076.7 before closing with aplomb above 5,300. The index has now moved well clear of its 200-day moving average at 5,190. This up-move shows no signs of letting up and we are fed up of looking for points from which it can reverse lower.

So we restrict to identifying next short-term targets. These are 5,400 and 5,434. Since the index is past the 38.2 per cent retracement of the down-move from 6,338 peak, 50 per cent retracement will be the next important hurdle for this index.

Medium-term target on a close above 5,450 is 5,648.

The index will receive support at 5,090, 5,015 and 4,940 in the upcoming sessions. The 200 DMA at 5,191 and recent trough at 5,076 will also provide interim support to the index. Traders can buy in declines as long as it holds above 5070. Close below this level will mean that a more serious correction is progress.

Global indices

Global benchmarks recorded strong gains last week. The outcome of the EU summit where leaders agreed on strict implementation of austerity measures appeared to please investors.

Strong US jobs data gave further fillip to stocks towards weekend. CBOE VIX moved to the low of 16.1 on Friday as stocks showed no sign of letting up on the bullish fervour.

European benchmarks such as CAC, DAX and FTSE recorded around 3 per cent gains and went on to breach significant resistances.

The Dow declined to 12,529 mid-week but it recovered from there to close at 12,862, the highest weekly close since May 2008.

The action of the index next week is critical. It can still reverse lower and move down to 11,000 or 10,400 in the ensuing months.

On the other hand, strong break above this level will result in the index moving on to 14,198 or 14,336 in the months ahead.

Short-term support that needs to be watched is at 11,900. If this level holds, the index can be expected to power higher in the upcoming weeks.

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February 4, 2012
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Pharma’s importance grows in Indian Nifty Fifty (RDY, INDY)

The Indian pharmaceutical industry is gaining steam, and the results are reflected in the S&P CNX Nifty, the leading index for large companies on India's National Stock Exchange. According to analysts at Avendus, this trend has already added 200 basis points to pharmaceuticals on the "Nifty Fifty," and is likely to increase their weight to 5% by the end of FY2013.

Monica Joshi of Avendus says Indian pharmaceuticals score as defensive plays due to their relatively low P/Es, high earnings growth, and a shrinking price/earnings to growth (PEG) gap. However, they are now "much more than a defensive."

Until now, the industry has relied on shipping generics to the United States. Opportunities are declining there, though, and investors are increasingly focusing on domestic production and exports to non-U.S. markets. Companies that have built their own pipelines instead of relying on "Para-IV" challenges to U.S. drug patents will benefit from their attention.

Avendus recommends Dr. Reddy's Laboratories ( RDY , quote ), which has a strong U.S. pipeline and has announced an increased focus on "innovation-driven generics." Joshi also sees Sun Pharmaceuticals as "classic defensive bet," while Cipla Limited has "also emerged as a value preserver in a volatile environment."

Given its increasing importance, however, the best way to gain exposure to Indian pharma is likely to be the iShares S&P India Nifty 50 Index Fund ( INDY , quote ). This ETF has risen nearly 25% in the last year, and is now trading near $25 per share.

 

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February 3, 2012
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Lyxor ETF India GBP – Net Asset Value(s)

Quotes delayed, except where indicated otherwise. Delay times are 15 mins for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.

Fundamental company data provided by Capital IQ. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc.

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February 3, 2012
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Lyxor ETF India USD – Net Asset Value(s)

Quotes delayed, except where indicated otherwise. Delay times are 15 mins for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.

Fundamental company data provided by Capital IQ. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc.

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February 3, 2012
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iShares IV India S& – Net Asset Value(s)

Quotes delayed, except where indicated otherwise. Delay times are 15 mins for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.

Fundamental company data provided by Capital IQ. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc.

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February 3, 2012
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Strong rupee drives Sensex up; private banks gain

Mumbai: The market closed the week with a flourish. A late burst of buying powers the Nifty above the 5,300 mark. The rupee too rallies, making a fresh 3-month high below the 49-mark.

The Sensex shot up nearly 14 per cent and Nifty soared 15 per cent in five weeks, supported by banks, capital goods, metals and oil & gas stocks. Foreign institutional investors have bought nearly Rs 15,000 crore worth of Indian equity shares since the beginning of January, bringing confidence among retail investors.

Speaking on the sidelines of HSBC India Conference 2012, Rakesh Patel, Managing Director, Head of Equity Sales and Trading, Asia-Pacific at HSBC said valuations are decent in India. He feels that emerging market like India is benefiting from attractive valuations, easing inflation.

According to Patel, most bad news, de-rating priced in for Indian markets. He remains bullish on the market in the medium term, though India is facing negatives on back of high inflations and interest rates.

Today, in the morning it was looking like a consolidation session after a rally in previous three days, but the bulls got back into action in last hour of trade to take Nifty to three months high.

The NSE benchmark surpassed the 5300 mark - for the first time since October 31, 2011, closed up 55.95 points or 1.06 per cent at 5,325.85. Meanwhile, the BSE benchmark rose 173.11 points or 0.99 per cent, to end at 17,604.96.

All sectoral indices ended in the green barring metals; The Realty, Healthcare, Power, FMCG, Bank, Oil & Gas and IT indices were up 1-2 per cent while Metal down 1 per cent.

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February 3, 2012
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Here's A Nifty Little Assist From An Egyptian Soccer Match Today [Video]

Here's A Nifty Little Assist From An Egyptian Soccer Match Today In today's Egyptian soccer showdown, Haras El-Hodood bested El Ettehad El Sakandary 1-0 on a this goal from Ahmad Hassan Mekki. But it was the trickery-fueled assist from Mohamed Tarek that truly bears mention.

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February 1, 2012
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PRESS-RELEASES: Yahoo! Messenger 11.5 launched, comes with tabbed IMs

MANILA, 31 January 2011 - Yahoo!, the premier digital media company, announced the launch of the latest Yahoo! Messenger version 11.5 that will enable users in the Philippines to keep up with their friends through real time updates, connect via voice and video calls, play social games and personalize using seven newly-added customizable skins.

Packed with new features, the latest version of Yahoo! Messenger allows users to merge their friends from social networking sites and lists regular contacts at the top for quick and easy access. Its tabbed feature effectively organizes important conversations and lets you chat with all your friends from one easy, convenient window and with over 70 social games including Mafia Wars, Fishville, Backyard Monsters, ourWorld and Township and iTunes app plug-in, users can now share their game activities and listen to music via this single platform.

Extending the experience beyond the PC to mobile devices such as feature phones and tablets, Yahoo! Messenger is "always on" offering immediate access to any recent conversation for users to stay connected anytime, anywhere and on any device.

A new campaign, "Pack all your friends in one chat" was introduced by Yahoo! as part of the launch where users were invited to photograph as many friends as possible within a confined space specified by Yahoo!, such as a car or a shower cubicle and send their photos to www.packallyourfriends.com to win weekly prizes. These include gift vouchers, shopping certificates and travel gift tickets from Goldilocks, SM Malls, Globe Telecom and Airphil Express valued at up to PHP 80,000.

Commenting on the launch of Yahoo! Messenger 11.5, the Country Ambassador for Yahoo! Philippines, Arlene Amarante said, "With 11% of the population living and working abroad, Yahoo! Messenger remains critically important to Filipinos everywhere to stay connected and communicate with their friends and families at home and around the world".

Amarante added, "With its enhanced video function, Yahoo! Messenger now enables video-chat phone-to-phone or phone-to-desktop and if you and your recipient own a smart phone you can download the Yahoo! Messenger app to connect and communicate for free."

Yahoo! Messenger 11.5 also allows users to send free SMS messages right from your desktop to any mobile phone number on your contact list.

The latest version can be downloaded from http://ph.messenger.yahoo.com. For more details on the "Pack all your Friends" campaign, please visit www.packallyourfriends.com.

The new features for YM 11.5 are:

Tabbed IMs - One of the most highly sought after features! We heard you loud and clear that being able to effectively organize and manage your conversations is important. No more clutter or juggling - with tabbed IMs, you get to chat with all your friends from one easy and convenient window.

Improved Spam Management - We hate spam as much as you do, and our battle against it is an ongoing one. If you have been receiving invitations from random strangers, you can now ignore multiple add requests with a single click.

New Social Games - Level up on how you are keeping in touch with your friends and family. With over 70 exciting games such as Backyard Monsters, Township and ourWorld, Yahoo! Messenger lets you chat and play games with friends at the same time! Get your friends involved by sharing your game activities and play-status so that friends can join your game and you can join theirs.

Easy Access to Recent Contacts - You may have over a hundred Messenger friends, but most of us chat with only a handful - and usually the same handful - on a regular basis. Your recent contacts now appear at the top of your contact list, so it's quick and easy to reach out to your regular IM friends.

Smart Archiving - Looking up an old IM conversation has never been easier. Your chat history is now categorized by friends, with your most recent conversations showing up first. What's more, your IM conversations can be retrieved from any PC or web browser where you have signed in to Yahoo! Messenger.

Snap and Share - Add more color to your chat conversations! In addition to photos, you can now take a quick snap shot of your computer screen and easily share it with your friends.

Quick Access to All Emoticons - Yahoo! Messenger has always had some hidden emoticons that weren't available on the emoticon menu, which meant you had to memorize their shortcuts. Now you no longer have to rack your brain to remember the shortcut for the monkey emoticon (it's :(|), for those keeping score). The emoticon menu gives you quick access to all the emoticons, and even remembers the ones you use most frequently!

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January 31, 2012
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Markets trade on a positive note

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The markets are witnessing positive trades with the BSE Sensex at 16,047, up 184 points and the Nifty at 5,148, up 61 points.

Corporate results for the December quarter of a whole host of frontline companies are likely to keep the gains under check today for the Indian markets despite positive global cues. US stocks edged lower on Monday on stalled Greek debt talks though recovered by close of session. The Dow Jones industrial average and Standard & Poor's 500 Index ended lower by 0.05 per cent and 0.25 per cent, respectively.

On Tuesday, MSCI's broadest index of Asia-Pacific shares outside Japan opened lower, but had later inched up 0.2 per cent. The Nikkei average opened before reversing course to gain 0.3 per cent.

Back home, the Nifty is likely to seek support around 5,055 – 5,030, while it will face resistance around 5,120 – 5,140, analysts say.

On the sectoral front, BSE Bankex and Oil & Gas indices are leading the gains, having advanced 1-2% each.

State Bank of India (SBI), Canara Bank, IDBI Bank and Axis Bank, up 3% each, are the notable gainers from among the financials.  SBI is trading higher by 3% at Rs 2,050 after the government agreed to infuse Rs 7,900 crore into the bank through a preferential issue. The government, on Monday, approved increase in SBI's issued capital by way of preferential allotment of equity shares of about Rs 7,900 crore, the India’s largest lender said in a statement to the stock exchange.
 
Reliance Industries, Gujarat State Petronet and Indian Oil Corporation, up 1-2% each, are the top gainers from the Oil & Gas space.

Consumer Durable, Metal, Realty, IT and Auto shares have gained nearly 1% each.

BSE Capital Goods index, marginally down, is the only one trading in the red.

SBI, ICICI Bank, Sterlite Industries, Hindalco Industries and Jindal Steel, up 2-3% each, are the notable gainers on the Sensex. The losers from thepack are NTPC, Coal India and Larsen & Toubro, down 1% each. Bajaj Auto and BHEL are trading marginally lower.

The overall market breadth is positive as 850 stocks have advanced against 307 declining ones, on the BSE.

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January 31, 2012
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Sensex closes 330 pts up; Nifty gains 112 pts

Mumbai: The market posted biggest ever monthly gains since September 2010, rising 11.5 per cent led by highest monthly inflow of foreign money since November 2010. The Nifty closed tad below the 5200 mark while the Sensex rallied over 17000 level quite smartly.

Sharp appreciation in rupee, value buying by institutional investors in most beaten down sectors in last year, RBI's hint to cut rates soon after 50 basis points cut in CRR on January 24, some progress in the eurozone, improvement in the US economic data and Federal reserve's decision to keep interest rates at 0-0.25 per cent till the 2014 helped the market to show stunning performance in January as compared to global peers.

The market managed to recover majority of Monday's losses on Tuesday. The Sensex rose 330.25 points or 1.96 per cent, to close at 17,193.55 and the Nifty moved up 111.95 points or 2.20 per cent, to end at 5,199.25.

Foreign institutional investors have bought more than Rs 10,500 crore worth of Indian equity shares in January - highest ever since the November 2010.

Capital goods, banks, metals and oil & gas led the rally in January as they heavily beaten down in 2011. However, technology sector underperformed due to weak eurozone.

Varun Goel, Head - PMS at Karvy Private Wealth said he would continue to hold his view of 20-25 per cent of gains for the calendar year.

According to him, the key trigger for markets now is what RBI decides from here on. He says, if the RBI starts cutting repo from March itself then we would see rally to continue.

He says now the leadership should shift from largecap to midcap space. "Last year a lot of the mid caps got beaten down 60-70-80 per cent - especially some of the sectors like PSU banking space and infrastructure. As and when we see a reversal of the interest rate cycle we would see some of these stocks bounce back very sharply," he adds.

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January 31, 2012
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Markets begin trades on a positive note

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The markets are witnessing positive trades with the BSE Sensex at 16,047, up 184 points and the Nifty at 5,148, up 61 points.

Corporate results for the December quarter of a whole host of frontline companies are likely to keep the gains under check today for the Indian markets despite positive global cues. US stocks edged lower on Monday on stalled Greek debt talks though recovered by close of session. The Dow Jones industrial average and Standard & Poor's 500 Index ended lower by 0.05 per cent and 0.25 per cent, respectively.

On Tuesday, MSCI's broadest index of Asia-Pacific shares outside Japan opened lower, but had later inched up 0.2 per cent. The Nikkei average opened before reversing course to gain 0.3 per cent.

Back home, the Nifty is likely to seek support around 5,055 – 5,030, while it will face resistance around 5,120 – 5,140, analysts say.

On the sectoral front, BSE Bankex and Oil & Gas indices are leading the gains, having advanced 1-2% each.

State Bank of India (SBI), Canara Bank, IDBI Bank and Axis Bank, up 3% each, are the notable gainers from among the financials.  SBI is trading higher by 3% at Rs 2,050 after the government agreed to infuse Rs 7,900 crore into the bank through a preferential issue. The government, on Monday, approved increase in SBI's issued capital by way of preferential allotment of equity shares of about Rs 7,900 crore, the India’s largest lender said in a statement to the stock exchange.
 
Reliance Industries, Gujarat State Petronet and Indian Oil Corporation, up 1-2% each, are the top gainers from the Oil & Gas space.

Consumer Durable, Metal, Realty, IT and Auto shares have gained nearly 1% each.

BSE Capital Goods index, marginally down, is the only one trading in the red.

SBI, ICICI Bank, Sterlite Industries, Hindalco Industries and Jindal Steel, up 2-3% each, are the notable gainers on the Sensex. The losers from thepack are NTPC, Coal India and Larsen & Toubro, down 1% each. Bajaj Auto and BHEL are trading marginally lower.

The overall market breadth is positive as 850 stocks have advanced against 307 declining ones, on the BSE.

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January 31, 2012
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Sensex tanks 371 points on weak global markets

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PTI The Nifty lost 2.26 per cent (117 points) and closed at 5087.30. Fears of Greece not being able to receive funds earmarked for its bailout, due to the deadlock with its lenders, continued to haunt global markets as benchmark indices worldwide, including in India, shed their recent gains.
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January 31, 2012
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Nifty to trade in the 4,900-5,200 range

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The Nifty saw a correction yesterday after it hit resistance near the level of the 200 Day Moving Average (DMA), above 5,200. If this downtrend continues, it could mean a reversal in the intermediate term. However, we have to wait and see if a phase of progressively lower tops and bottoms develops.

The Reserve Bank of India credit policy was disappointing, though not unexpected. Institutional support has been good through the past weeks. But Monday marked quite a bit of FII selling. The dollar-rupee rate strengthened to below 50 before it weakened again. Further trouble in Europe is spooking traders and investors.

The short-term trend seems negative. Breadth indicators are negative. Volumes are average, overall advance-decline ratios are negative. Intra-day volatility rose on Monday. The long-term trend continues to look bearish. A breakout above 5,225 could lead to a rally till 5,600, with the 200 DMA being pierced. But a drop below 4,900 would also lead to support at 4,600 being tested. Opening gaps of 25-50 Nifty points will continue to be normal. There is a fair chance the index will range-trade between 4,900 and 5,200 for the rest of this week, without a clear directional pattern.

Among subsidiary sectors, the CNXIT could fall till 5,700, if support above 6,000 breaks. The Bank Nifty is starting to look weak. If the Q3 results of key banks are not well-received, a drop till 8,700 is possible. As of now, support at 9,500 holds.

The Nifty put-call ratio is in a healthy zone of 1.3. Premiums have risen post-settlement, with the added spur of a big swing on Monday. Option chain examination shows that the February call open interest (OI) is concentrated between 5,100c(116), 5,200c (71), 5,300c (40) and 5,400c (19). The February put OI is focused between 4,700p (15), 4,800p (25), 4,900p (42), 5,000p (68) and 5,100p (109). One would guess that consensus expectations have widened, as is normal in the early stages of a settlement. Traders with a timeframe of five sessions could focus on the range between 48,00p and 5,300c.

An on-the-money bullspread of long February 5,100c (116) and short 5,200c (71) that costs 45 and pays a maximum 55. The risk-return ratio is quite tempting since this is very close to being hit. One step further away, a long 5,200c and short 5,300c costs 31 and pays a maximum of 69.

The close-to-money bearspread of long 5,100p (109) and short 5,000p (68) costs 41 and pays a maximum 59. This is not so attractive with the Nifty at 5,087. We can try a further-from-money position of long 5,000p and short 4,900p (42), which has a better ratio of a potential return of 74 versus a maximum loss of 26.

Looking at strangles, we can focus on the range between 4,800 and 5,300 given the high probability of range trading inside this zone. A long 4,900p (42) and long 5,200c (71) can be laid off with a short 4,800p (25) and a short 5,300c (40). This costs a maximum 48 and pays a maximum 52. There is a good chance both sides of the strangle combination will yield profits if you time entry and exit well. However, the risks and returns won't be symmetric, since the spot is much closer to the long call.

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January 30, 2012
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nifty – Yahoo! News Search Results 1970-01-01 00:00:00

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January 30, 2012
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