Thursday, December 1, 2011
SIGNALS OF COOLING DOWN FOOD INFLATION
Food inflation witnessed a sharp moderation to 8 per cent for the week ended November 19, though prices of most agricultural items, barring potatoes, onions and wheat, continued to rise on an annual basis.
Food inflation, as measured by the Wholesale Price Index (WPI), was 9.01 per cent in the previous week ended November 12. It stood at 9.03 per cent in the corresponding week of the previous year.
According to data released by the government on Thursday, onions became cheaper by 40.65 per cent year-on-year during the week under review, while potato prices were down by 10.98 per cent. Price of wheat also fell by 4.71 per cent.
Food inflation drops from 9.1 pc to 8 pc
However, all other food items grew more expensive on an annual basis.
Pulses became 13.80 per cent costlier during the week ended November 19, while milk grew dearer by 11.41 per cent and eggs, meat and fish by 13.55 per cent.
Vegetable prices were up by 5.13 per cent year-on-year. However, this marked a substantial slowdown in the inflation rate in comparison to the past few months, when prices of vegetables had witnessed double-digit growth.
Fruits also became 7.98 per cent more expensive on an annual basis, while cereal prices were up 1.97 per cent.
Inflation in the overall primary articles category stood at 7.74 per cent during the week ended November 19, as against 9.08 per cent in the previous week. Primary articles have over 20 per cent weight in the wholesale price index.
Inflation in non-food articles, which includes fibres, oilseeds and minerals, was recorded at 2.14 per cent during the week under review, as against 4.05 per cent in the week ended November 12.
Food inflation, as measured by the Wholesale Price Index (WPI), was 9.01 per cent in the previous week ended November 12. It stood at 9.03 per cent in the corresponding week of the previous year.
According to data released by the government on Thursday, onions became cheaper by 40.65 per cent year-on-year during the week under review, while potato prices were down by 10.98 per cent. Price of wheat also fell by 4.71 per cent.
Food inflation drops from 9.1 pc to 8 pc
However, all other food items grew more expensive on an annual basis.
Pulses became 13.80 per cent costlier during the week ended November 19, while milk grew dearer by 11.41 per cent and eggs, meat and fish by 13.55 per cent.
Vegetable prices were up by 5.13 per cent year-on-year. However, this marked a substantial slowdown in the inflation rate in comparison to the past few months, when prices of vegetables had witnessed double-digit growth.
Fruits also became 7.98 per cent more expensive on an annual basis, while cereal prices were up 1.97 per cent.
Inflation in the overall primary articles category stood at 7.74 per cent during the week ended November 19, as against 9.08 per cent in the previous week. Primary articles have over 20 per cent weight in the wholesale price index.
Inflation in non-food articles, which includes fibres, oilseeds and minerals, was recorded at 2.14 per cent during the week under review, as against 4.05 per cent in the week ended November 12.
Monday, November 28, 2011
TARGET ACHIEVED IN FINANCIAL TECH
Hi,
Today i have recommended to buy financial technology at morning and the target Rs.640 have been achieved in a single trading day itself.The stock is now trading at 655 level.
Today i have recommended to buy financial technology at morning and the target Rs.640 have been achieved in a single trading day itself.The stock is now trading at 655 level.
Sunday, November 27, 2011
BUY FINANCIAL TECH
Financial Tech launches 5 energy exchange solutions
(Financial Technologies (India) Ltd (FTIL) said it has launched five new software solutions in the power trading arena.)
MUMBAI: Financial Technologies (India) Ltd (FTIL) said it has launched five new software solutions in the power trading arena.
A leader in multi-asset and multi-currency trading and settlement solutions, the company launched its PowerARMS, Tradedart, TSO Computation System, Registry and ECS (Exchange Customisation Services) offerings in the Indian market, which are capable of allowing global power exchanges to operate seamlessly across borders.
So i recommend FT to buy at 580 range for a short term target of 640
(Financial Technologies (India) Ltd (FTIL) said it has launched five new software solutions in the power trading arena.)
MUMBAI: Financial Technologies (India) Ltd (FTIL) said it has launched five new software solutions in the power trading arena.
A leader in multi-asset and multi-currency trading and settlement solutions, the company launched its PowerARMS, Tradedart, TSO Computation System, Registry and ECS (Exchange Customisation Services) offerings in the Indian market, which are capable of allowing global power exchanges to operate seamlessly across borders.
So i recommend FT to buy at 580 range for a short term target of 640
BOOK PROFIT IN RETAIL STOCKS
Dear followers,
now its time to book profit in retail stocks like Pantaloon retail,Trent and shopper stop as it has already crossed my target level in given period of time.I recommended Pantaloon on November 16 at Rs.170 level and now it is trading at 235 range.Another retail giant which i recommended is shopperstop at 350 rate and now it is trading at 400 range.So all short term traders can consider profit booking as this recommendation is a news based one.
now its time to book profit in retail stocks like Pantaloon retail,Trent and shopper stop as it has already crossed my target level in given period of time.I recommended Pantaloon on November 16 at Rs.170 level and now it is trading at 235 range.Another retail giant which i recommended is shopperstop at 350 rate and now it is trading at 400 range.So all short term traders can consider profit booking as this recommendation is a news based one.
Wednesday, November 16, 2011
BOOK PROFIT IN APOLLO HOSPITAL
Earlier i have recommended Apollo hospital at 500 rate ON JULY 22. Currently it is trading at 570 range.Traders with short term perspective can book profit around 570-580 range now and enter into retail sector stocks like Pantaloon,shoperstop and trend like stocks
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