Walstreet Today : March 24,2008

Source : CNN

Markets gained second continous day from where it left off on last thursday.Dow closed the day with 187 points up, gaining 1.52 in percentage terms. NASDAQ and S&P also up today with similar reasons as that of DOW on account of improved offer of JP Morgans.

Triggers :
1.JP morgans improved offer for Bear Stearns, raised from 2$ to 10$
2.Higher home sales in Feb compared to January
3.Walgreen's quarterly earning's above market estimates
4.Crude fell 98 cents to settle at $100.86 per barrel
5.Dollar gain versus euro and yen


Impact on India : With positive news coming from US, Indian Markets should open up with a positive gap. Banking,Financials and Realty are the sectors to watch today along with some metal stocks. The market should close above 4700 by end of closing bell on March 25,2008

Nifty Today : March 24,2008

source : NSE India

The market opened higher tracking rally in the US market on Thursday, 20 March 2008. Realty, capital good and banking stocks edged higher. The market remained range bound in mid-afternoon trade on reports Monsoon Capital LLC a hedge fund has been hit hard by a slump in Indian stocks this year. However, a strong rebound was witnessed in late trade. S&P CNX Nifty closed at 4609.85 up by 35.90 points.

Top 3 Gainers on the Nifty
1.HCLTECH
2.HDFC
3.NATIONALUM

Top3 Losers includes
1.CAIRN
2.TATASTEEL
3.SAIL

How to rename BPEL project in JDeveloper

Its extremely difficult to change the process name once created in JDeveloper.

Although, there is a workaround by using Templates , to rename any of the existing BPEL process with the new name.

Here are the steps

1. Select the project which needs to be renamed and select from the context menu "mark as template"


2. Give a name to the teamplate and click on "OK".

3. Now create a new BPEL project with the desired name and make sure to select the template that you created from the template drop down.

4. Click ok, It will ask you to overwrite build.properties and build.xml files. Click OK

5. Now close the new project and reopen it to see the project with the desired name

How to do short selling in Indian Market

Shorting or short selling is the art of selling stocks without actually owning them with a view to repurchase them later at a lower price.Through this strategy one can make profits because of unexpected decline in the stock prices.

In India, Short Selling is not available to retail investors , but to FII's and Mutual funds.

Although, any investor can go short (which is differnt from short selling) , by executing

1.Through Futures : SELL order either in NIFTY or in Individual stock futures
2. Through Options : BUY order in PUTS on either NIFTY or Individual Stock options

The best time to go short is when Markets sentiment is bearish like the one that we see these days where everyday there is a fall of market in India,US and Asia.

Good news, From April 21st, any investor can do Short Selling in Indian markets with a condition that
"All investors will be mandatorily required to honour their obligation of delivering the securities at the time of settlement" which also means no one can do "naked short seling"

With this, now all categories of investors can lend the stocks they own and borrow the one's they don't.

All the stocks that are listed in F&O segement, will be available for Short Selling.

I do trading through "ICICI direct", although so far , there is no communication on availability of these in ICICI Direct.

Keep reading and benefit.

Walstreet Today : March 20,2008

source : CNN Money

Walstreet ended up in green with both NASDAQ and DOW closing above the previous day's lows by gaining around 2% more.

Triggers :
1. Fall in commodity prices like oil(102 per barrel) and gold (920 an ounce)
2. Fed statement on availability of 75 billion to banks next week ( part of 200 billion announced last week to ease credit crunch, which market responded positively ( Full Story ))
3. Dollar recovery against YEN
4. Stabilization signs in Manufacturing sector

Tomorrow US markets will be close on account of Good Friday so as Indian Markets.

Impact on India : This may trigger some positive cues when market opens on Monday until unless there is some bad news on the way during weekends.

keep watching this space...

Blogger Laws

Aviva
12 Important U.S. Laws Every Blogger Needs to Know (Aviva Directory)

I happend to see the post published in Aviva website on the Blogger laws and immediately updated some of the posts published earlier on this blog.

I think every blogger should follow these laws strictly irrespective of where they are located.

Please read to understand this better in the link provided above. Couple of the important rules that caught my attention are

1. Deep Linking
2. The Legal Use of Images and thumbnails

Walstreet Today : March 19,2008

Source : cnn.com/money

Markets lost all the gains today which were accumulated yesterday on account of fed news. Dow closed the day with 293 points down, losing 2.36 in percentage terms. NASDAQ and S&P also down by similar percentage points.

Triggers :
1.Surge in Dollar and drop in commodity prices(negative)
2.Morgan Stanley's better than expected earnings (positive)
3.News that regulators will let Fannie Mae and Freddie Mac buy more home loans (positive)
4.credit crisis fears (negative)

Overall Market breadth is negative in today's trade

What to expect tmrw : There can be a short term rally during the trading day because of short covering as Friday is holiday on account of 'Good Friday'

Impact on India : Indian Markets will remain closed on account of festivals and will open again on Monday