Monday, March 29, 2010

Day Trading Strategy - Nifty Futures (MAR 29 2010)







No problem for Bulls if Nfutures trades above 5292
Today if trades above 5292 for 15 minutes see NFutures kissing 5333-5345
Very strong support @ 5237

On the other hand, if trades below 5285 for 15 minutes watch a panic upto 5262 atleast and 5240 after some time if trade 5-8 minutes below that level
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KNOW YOUR BUSINESS JARGONS (Continued…)
(Presented in an alphabetical order)

TODAY’S LESSON
46) AMERICAN OPTIONS: These call and put options can be exercised by their holder at any time before their maturity date. Also, since these are marketable securities till they expire, these can be sold. European options are same as the American options, except that they can be exercised only on the date of expiry.

47) AMORTIZATION: Writing off of the assets of a company over a number of years, not necessarily depending on the life of the assets, for the purpose of the replacement or renewal. It is different from depreciation which is periodic writing off of the value of the asset based on its normal life expectancy. Amortization is usually accompanied by putting aside money in a sinking fund, so that the considerably increased cost of replacement on modernization can be met, when it is needed

48) ANALYST: An investment professional in a journal, bank or, mutual fund, who studies the fundamentals and technicals of the company or a group of related companies, or an industry and makes buy or sell recommendations. Successful analysts not only influence the fortunes of their employers, but the shares listed on the stock market as well.

49) ANKIE-BITER: Low capitalization of stock, market capitalization less than Rs 50 crore

50) ANNUAL REPORT: Report made by the directors of the company to its shares holders at the end of each accounting year, containing
(1) Directors report outlining a review of the company’s operations during the year, a summary of its financial results, and future projections, if any.
(2) Auditor’s report.
(3) Balance sheet.
(4) Profit & Loss Account.
&
(5) Schedules explaining items on the balance sheet and profit and loss account. Company law requires all companies to prepare such a report and mail it to the share holders
(To be contd…)



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