Free Technical Analysis of Indian Stock Market - Software / Online

For all budding Technical Analysts and Chartists there is always a question on where to do real time technical analysis on Indian stocks and that too without incurring any cost. Many people end up buying expensive softwares which promise lot of advanced automatic analysis and recommendations but practically speaking no such software is ever built that will give you sure shot recommendations. Its upto the analyst to arrive at conclusion based on the evident patterns.

The world's biggest and most successful chartists still prefer to do technical analysis on paper. But now a days with advanced software technologies lot of time can be saved if charts and patterns are plotted using computers. Now why pay for charting softwares when you can perform fairly high level of technical analysis online and that to absolutely free.

Following are some of my preferred places where you can perform free technical analysis of Indian Markets and Stocks online.

Indian Stock Markets staged smart recovery

The stock markets in India closed with handsome gains in today's session after trading with deep losses in the morning. Sensex recovered more than 300 points from the low point of the day. Positive opening of Europe provided triggers to the markets and the rally was mostly driven by interest rate sensitive sectors like realty, banking and auto.

IT also closed with significant gains and oil & gas and consumer durables, too, provided support to the indices. Capital goods and FMCG were the only two sectors that closed negative.  

Buy Ruchi Soya - India Infoline Research Report

Ruchi Soya has been recently recommended by IIFL in the range of Rs. 107 - 107.5 with a target price of Rs. 112.5 keeping a stop loss at Rs. 105 in its September 14, 2011 technical analysis report.

Download the detailed report from the following link:

Beta value of index / stocks: Concept and Formula

Risk is an important consideration in holding any portfolio. The risk in holding securities is generally associated with the possibility that realised returns will be less than the returns expected.

Risks can be classified as Systematic risks and Unsystematic risks.

Benjamin Graham Interview

A short transcript of an interview with the father of value investing , Sir Benjamin Graham, taken way back in 1960.

Question - Can the average manager of institutional funds obtain better results than the Dow Jones Industrial Average or the S&P Index over the years?

Answer - No. In effect, that would mean that the stock market experts as a whole could beat themselves--a logical contradiction.

Question - Do you think, therefore, that the average institutional client should be content with the DJIA results or the equivalent?

Economy out of the woods - Humor

Beta Values of NSE NIFTY Stocks

Beta is the measure of correlation of the stock with the index. A beta value of 1 suggest that when market moves by 1% the stock will move by 1%.

Following is the list of stocks in NSE NIFTY 50 index with their corresponding Beta values as on August 2011. 

Individual Companies Weightage in Nifty Index

NIFTY Index comprise of top 50 stocks listed in National Stock Exchange in terms of free float market capitalization.

The weightage of individual stocks in the index as on August 2011 is as below: 

July Indian IIP @ 3.3%, Capital goods worst hit @ -15%

IIP growth fell to a dismal 3.3% in July this year on account of poor performance mainly by capital goods, manufacturing and mining sectors, confirming the slow down in economy due to higher interest rates. During the April-July period of this fiscal, IIP growth stood at 5.8%, as against 9.7% in the corresponding four-month period last year.

Indian Markets Update: 12 Sep 2011

Disappointing IIP data and negative global cues took their toll on the markets and both SENSEX & NIFTY closed with huge losses.

All sectoral indices closed negative with IT, metal, banking, realty and consumer durables the worst among them. Other sectors that closed deeply in the red include auto, capital goods and oil & gas. FMCG was the only sector that closed with moderate losses. 

Buy Pidilite Industries - InvestorZclub Research Report

Ye FEVICOL ka mazboot jod hai tootega nahin. Yes we are talking about the company which own India's must trusted adhesive brand "FEVICOL". Pidilite Industries is a leading manufacturer of speciality chemicals in India. It produces adhesives, sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins, and organic pigments and preparations. The company’s major brands include Fevicol, Fevikwik, and Dr. Fixit. It currently exports to more than 80 countries and has 14 overseas subsidiaries. Moreover, it has significant manufacturing and sales operations in USA, Brazil, Thailand, Singapore, Bangladesh, Egypt and Dubai.

Is Suzlon turning around?

Suzlon is the world’s third largest wind turbine manufacturer and has recently won order from Germany to supply 47 turbines with a combined output of around 115 MW.

Commenting on the trend, BOA Merrill Lynch says the company’s business visibility has improved, with the group winning 214 Mw of orders in the last two weeks. Of this, 163 Mw of orders are in India, while REPower has won a 51-Mw order.  

CRISIL Ltd - The Super Multibagger Of Last Decade

Buy Selan Exploration - Recommends Sharekhan

Sharekhan is bullish on Selan Exploration Tech and has recommended buy rating on the stock with a target of Rs 500 in its 6th Sep research report. The report says that at the current market price the stock is available at 4.5x FY2012E and 2.7x FY2013E of EV/ EBITDA multiple.

Download the report from the following link: 

Indian Stock Markets Wrap up: 09 Sep 2011

The Indian markets closed with significant losses today and barring consumer durables, all sectoral indices closed negative.

The Sensex closed at 16841 (provisional), down 325 points from its previous close, and the Nifty closed at 5047 (provisional), down 106 points.

The CNX Midcap index was down 1.4% and the BSE Smallcap index lost 0.8%.

The market breadth was negative with advances at 490 against declines of 954 on the NSE.

5 Year Chart - USD vs INR

Indian Rupee hits 52 week Low against USD

INR vs USD 1 Year Chart

NIFTY Trading Strategy: SELL 5600 Call at Rs. 8.5

Option Traders can sell september contract of NIFTY 5600 Call at the current market premium of Rs. 8.5. Since NIFTY has already rallied 8% in past 4-5 trading sessions on the back of short covering, it seems highly unlikely that it will cross 5600 by the end of this month expiry on 29th SEP 2011.

The return from this strategy is:

Facebook FY 2011-2012 Revenue to Cross $3 billion

Facebook, which accounted for nearly one-third of all Internet display advertisement impressions in the United States in June, reported a revenue of $1.6 billion in FY 2011-2012 first half. Net income in the first half came to almost $500 million.

Facebook earned $355 million in net income in the first nine months of 2010 on revenue of $1.2 billion, according to documents that Goldman Sachs provided to clients during a share offering this year.

 

Food Inflation in India back to single digit

Food inflation is down to 9.55% for the week ended August 27 after breaching 10% in the previous week.

Prices of pulses fell by 1.56% year-on-year, while wheat became cheaper by 1.04% during the week ended August 27.

Mutual Funds basics tutorial ebook pdf

Mutual Funds Tutorial: What's Inside the book? 

• Introduction to Mutual Funds
• What is a Mutual Fund?
• Why invest in Mutual Funds?
• Types of Mutual Funds
• Risks involved in Mutual Funds
• How to choose a Mutual fund?

Download the ebook from the following link: 

Buybacks by companies in India 2011-2012

Company	Max Price	Target (Rs. Crore)	Open	Close
Allied Digital	140	28	25-Apr-11	17-Feb-12
Deccan Chronicle	180	270	16-May-11	3-Jan-12
FDC	135	50	18-Feb-11	25-Jan-12
HEG	350	68	11-Apr-11	13-Mar-12
Infinite Computer	230	27	6-May-11	10-Apr-12
Reliance Infra	725	1000	11-Apr-11	13-Feb-12
SRF	380	90	6-Apr-11	25-Feb-12
Zee Entertainment Onmobile Global *	126	700	27-Jul-11	23-Mar-12

Yahoo Sacks CEO Carol Bartz appoints Tim Morse

Yahoo Inc has fired CEO Carol Bartz, and named Chief Financial Officer Tim Morse as interim chief executive. Carol Bartz was brought on board two years ago to turn around the company’s troubled fortunes.

In an e-mail message to employees titled ‘Goodbye’, Ms Bartz, 62, said she is "very sad to tell you that I have just been fired over the phone by Yahoo’s chairman of the board’’. "It has been my pleasure to work with all of you and I wish you only the best going forward," she wrote.

Rakesh Jhunjhunwala to buy stake in Pipavav Shipyard

Rakesh Jhunjhunwala is likely to invest in Pipavav Shipyard through convertible share warrants. He is expected to acquire significant minority stake in the company.

Pipavav Shipyard Ltd has informed the BSE that a meeting of the board of directors will be held on 6th Sep 2011 to consider the issue of convertible warrants.

At present, the promoter group holds 45 per cent stake in Pipavav. Among public investors, Ovira Logistics holds about 7.67 per cent while Foreign Investors Institutions (FIIs) such as Smallcap World Fund Inc (6.05) and New York Life Investment (2.8) hold stake in Pipavav. Public holding in Pipavav stands at 36.23 per cent.

Indian Tyre Industry Review - 2011

Japanse Stock Markets down to 30 months Low

Japan's benchmark index Nikkei average fell 2.2% to 8,590.57 on Tuesday to a two and half year closing low after sovereign debt fears pummelled European stocks. The broader Topix index fell 1.9% to 741.20.

Some 2.1 billion shares changed hands on the Tokyo stock exchange today, higher than last week's average volume of 1.81 billion shares.

Buy JSW Steel - Recommends Prabhudas Lilladhar

Prabhudas Lilladhar has recommended buying JSW steel for a price target of Rs. 753.

Download the detailed research report from the following link:

Buy Mphasis - Recommends Angel Broking

Angel Broking has recommended buy on Mphasis at the CMP of Rs. 396 for a target of Rs. 420 in 12 months.

Download the research report from the following link:

UBS / CLSA / MorganStanley cuts Sensex target for 2012

UBS has cut its year-end target for BSE Sensex by 2000 points to 19,000 from its earlier projection of 21,000. For NIFTY the March 2012 target is revised down to 5,900 from its earlier target of 6,500.

Terming FII outflow as one of the biggest concerns of the Indian stock market, UBS said: "In the absence of severe FII outflows, Indian markets should find support at current levels. However, if we see significant FII outflows, the Indian stock markets can correct further by 15-20%" 

Essar pays money to maoists in chhattisgarh: Wikileaks

Ruia's promoted Essar group pays protection money to maoists to safeguard its operations in chattisgarh, where the group is having large mining interest, says the cable.

The wikileak said that the Maoists pose a real threat to development and security in the region and efforts to bring these areas back into the government control is warranted. A senior representative from Consul General Office says that the company pays the Maoists a significant amount not to harm or interfere with their operations," a cable dated January 11, 2010, released by WikiLeaks stated.

"When the Maoists occasionally break this agreement and damage Essar property or threaten personnel, Essar sets different Maoist groups against each other to suppress the situation," it said.

Gold prices hit all time high on euro zone crisis

Gold prices touched fresh high of Rs 29,091 per 10 grams today, as concerns about slowing economic growth and Europe's debt crisis spurred demand for the precious metal as a safe haven investment.

Market analysts attributed the skyrocketing gold futures prices, which hit an all-time high, to a firming trend overseas as renewed fears over the euro zone debt crisis and concerns about stalled global growth boosted the attractiveness of the precious metal in investors' eyes.  

China's GDP growth to fall below 9% after 10 Years

China's GDP growth may drop below 9% in 2012 due to the overall slowdown in global growth. China's GDP grew by 10.3% in 2010  while in 2008 and 2009 it maintained the annual growth of more than 9%. The last sub 9% growth was in 2001, when the economy expanded by only 8.3%. China's economy is highly dependent on Europe and North America, for its exports to these regions.

Ireland to Return to Positive Growth after 3 Years

ONGC FPO: Govt to sell 5% in the Company

ONGC FPO is expected to open on 20 Sep 2011 and close on 23 Sep 2011. The size of the FPO is around Rs. 12,000 crores.

The government plans to sell 5%, or 427.77 million shares, through the FPO. After the FPO, the government's stake in ONGC will come down to 69.14% from the current 74.14%.

Goldman Sachs Downgrades Top Indian IT Companies

Goldman Sachs has cut the price target for India's top tier IT companies after the announcement of dissmal jobs data from US on 2nd Sep 2011 which has triggred the fear of US falling into recession again. 

IT - Software Companies Market Share in India

Top 10 IT companies in India commands over 95% market share of Indian IT Services Industry (Software excluding hardware) in 2011.

 

Stock Picking Strategies: Growth vs value Investing

SENSEX up 1000 points in 3 days

Block Deals by Mutual Funds - August 2011

Bulk deals by mutual funds in Indian stock market in the month of August 2011

Food prices stubbornly high, RBI might pause on 16 Sep

The food price index rose to six month high level at 10.05% and the fuel price index climbed 12.55% in the year to Aug. 20. In the previous week, annual food and fuel inflation stood at 9.80% and 13.13% respectively.

The primary reason for such high food inflation numbers could be uneven rainfall in some parts of the country which created temporary shortfall in supply of food items. In west Bengal some of the vegetables were being sold at 400% higher prices than their average selling prices.