Singapore Nifty

To predict today's Nifty trading range, we need to track Global stock news, local news, crude price, etc. But there is a easy way to predict the Nifty opening by simply tracking Singapore Nifty ( Nifty traded at Singapore Exchange) at 9 am everyday. You can track the Singapore Nifty here. It woks most of the times. 

 My prediction for Today is that there will be a gap down opening of about 90 points in Nifty ( after observing Singapore Nifty).

Any Time Medicine Card from Apollo Pharmacy

Apollo Pharmacy is the pharmacy division of reputed Apollo Hospitals. They open 24 hours a day, 7 days a week and also you can get genuine medicines you can avail an ATM ( Any Time Medicine Card) Card. The features of this scheme are 

ATM card entitles you to avail a Health Voucher worth Rs.500/- or a Free Health Insurance worth Rs.20000/- on purchase of Medicines or general Healthcare products worth Rs.6000/- from any of the Apollo pharmacies in the concerned state with in a period of One Year.

Any customer purchasing from Apollo Pharmacy is eligible to take the ATM loyalty card and it is absolutely free of cost.

Option 1: Health Voucher

On finishing the purchase target of Rs.6000/- with in a period of one year the customers can avail Discount worth Rs.500/- on purchase of medicines / general healthcare products at Apollo Pharmacies or on any OP Treatment or Investigations at Apollo Group of Hospitals in the concerned state. The Health Voucher is valid for a period of two years from the date of issue.

Option 2: Free Health Insurance

Once the purchase target touches Rs.6000/- with in a period of one year the customers are gifted with a Free Health Insurance of worth Rs.20,000/-. The policy is valid for a period of one year only. 

The ATM card is operational in states such as - Andhra Pradesh, Tamilnadu, Karnataka, Delhi & NCR, Goa, Punjab, Gujarat, Rajasthan & Maharashtra. The ATM card is valid only in the concerned state.

However the benefits in ATM (Any Time Medicine) card slightly vary from State to State.

For more information, Please click here.

Buy Punj Lloyd

Volatility to stay for some more time. Punj Lloyd formed a Head and Shoulder pattern in the charts. You can expect a target of Rs.380 in next 5 weeks. Moser Baer India Ltd formed triple bottom and may go up to Rs.120 in few days. Good luck.

Pre-requisites for opening an online equity trading account

We all know that for trading in Indian equity, we need to open trading or broking account with the NSE/BSE registered broker or sub-broker and a demat account with the DP participant registered with NSDL or CDSL. But you require following things for opening above said accounts.

1. PAN

PAN (Permanent Account Number) is now mandatory for opening broking, demat accounts and investing in mutual funds. You can obtain PAN online (FAQ) or approach your auditor or broker to get one. If you apply online it costs around Rs.65 and your auditor may charge you upward of Rs.200 for this service.

2. Email ID

Now a days all brokers and DP Participants are sending contract notes, circulars, trading tips and demat holding and transaction statements through email. Hence email id is must for opening trading A/c. You can open email ACCOUNT WITH Gmail, Aol, Yahoo, Hotmail, Rediffmail or Indiatimes. Register atleast two email IDs, one is for financial transactions and another is for personal use. My personal choice is Gmail and AOL.

3. Bank account

Net enabled bank account is required for transfer of funds to your trading account, withdrawing funds and to receive dividends. You enquire with your prospective broker for their tie-up with banks. I personally prefer HDFC Bank ( minimum balance Rs.5000) and ICICI Bank minimum balance (Rs.10000) as most of the Indian brokers have tieup with them. Those in metros can open ICICI Bank b2b bank account with Zero balance.

4. Address and ID Proof

You need two passport sized photographs, Copy of cancelled cheque, PAN Xerox, Xerox of passport or voter ID or Driving license or bank passbook or rent agreement or Ration card or Telephone bill or Insurance policy as ID and address proof.

Sixth Central Pay Commission - Latest GO

Union Govt. has published Revised Pay Rules in the Gazette. To download the revised rules please click here. For resolution containing Sixth Pay Commission report please click here.

Best deals @ open2save.in

Bangalore based www.open2save.in offers information on 'best deals' from over 1000 retailers. If you want to purchase laptops, mobiles, LCD TVs, etc, do visit this site to get best deal.(lowest price). You can compare the prices prevailing at cities like Bangalore, Chennai, Delhi, Lucknow, Mysore, Mumbai, Pune and Online. Check yourself.

Internet Explorer 8 (Beta 2) is Now Live

MS announced the public availability of Internet Explorer 8 (Beta 2) today. It can be downloaded from here.

Reliance Money Goes Mobile

Good News to Reliance Money Customers. Reliance Money partially enables mobile access to it's customers. Visit http://rmoney.mobi in your GPRS enabled mobile browser. Login using your ID, Password and Security Token No. You can view your ledger, order book and live news. Currently it didn't support order placement or modification. Hope we will be allowed to place orders soon with wap access.

Top 25 Dividend Yield Stocks

Image via Wikipedia

India Infoline Ltd has conducted a study to search top dividend yield stocks across the BSE 500 universe and the results were interesting. Traditionally, high dividend yield stocks, are considered ‘Safe Havens’ . This happens more so when equity markets are in a bearish phase and growth stories are scarce. However, the pertinent questions to ask before buying are whether such high dividend yield stocks can sustain current level of dividends and are they insulated from capital loss (attractively priced on fundamentals).
Indiainfoline did it's home work well and published it's results in a detailed report. A must read for all investors.
For detailed report Please Click here.

Reliance Money is launching its second Structure Product

Structur Product Details

Minimum Amount : Rs 5 Lacs
Tenor : 26 months
Final Valuation : 24 months
Start date : 18th August 2008
Closing Date : 2nd September 2008
Redemption at maturity : 100% of Principal + Coupon
Coupon is : IfKnock Out barrier hits, thenCoupon = 23% (flat) elseCoupon = 17%(flat)+ PR * Performance
Contingent Coupon Condition : If Nifty at the end of 24 months <= 60% of initial value, then Coupon = NILbut principal is guaranteed
Performance : Max [0, (Final – Initial) / Initial] e.g. If Nifty is 100 and moves upto 150 then Performance is (150-100)/100 = 50%, which means performance cannot be negative
Final Nifty levels : Average of Nifty of [22, 23, 24] months,
KO Barrier : 150% of Initial, observed on monthly closing levels of Index, (which means if Nifty hits 150% upward barrier, then the structure gets locked in at 23% )
PR : 50%
Debenture Issuer : DSP Merrill Lynch
Rating : AA+
Guaranteed by : Merrill Lynch

Fee Schedule:
Reliance Money Structured Product
Tenure 26 months
Minimum Investment Value Rs 5 lacs
Upfront Charges 4%
• Pricing is excluding other charges like Custody Charges, Audit Fees etc. which will be charged annually on as is basis.
Subscription:
Subscription through cheque drawn in favour of Reliance Securities Ltd.
Last date for subscription: 2nd September 2008
The above is indicative and the exact terms and conditions and fees shall apply as
incorporated in PMS agreement executed with the individual clients under SEBI (Portfolio
Manager’s) regulation 1993 as may be amended from time to time.