Wednesday, August 18, 2010

Indovations (Indian innovations)

Jugaad, this colloquial word, reflects the ingenious Indian mind that solves problems by hook or by crook. Entrepreneurial dhaba owners in Punjab use washing machines to churn buttermilk; huge pedestal fans are bought every wedding season to sprinkle rose water during weddings; and millions of users use their cellphones disappointingly only to send ‘missed calls’.
Global companies are anything but snobbish towards Indovation, while DHL launched mango express to satisfy the cravings of the homesick NRIs, French brand Garnier combined shampoo with the oil to reassure the die hard ‘champi’ believers who shied away from chemical based shampoo. I doubt if pure vegetarian toothpaste would cross the stage of product development to justify its existence anywhere else in the world.
Merely customizing the pizzas and burgers to the Indian palate may or may not cut ice with the consumers who relate better to the nostalgia of Indian summers and refreshments. through “ghar jaisa” nimbu fresh.
If the numbers and purchasing power of the middle class are leaving you giddy headed, then take a deep breath to welcome the unlocking of the rural masses through Indovations.

However, India has an astonishing demographic dividend where more than 50% of its population is below the age of 25 and more than 65% hovers below the age of 35. It is expected that, in 2020, the average age of an Indian will be 29 years, compared to 37 for China and 48 for Japan.

So we at wiTdom investment advisory are bullish on India for next 10 years.
Atul Sikrai
Sr Vice President & Head –Equities
wiTdom investment advisory.

Wednesday, August 4, 2010

Nifty 6066 ,Bharti Airtel 446 is it Dream Come True ?

Global Technical Strategy
We’re approaching some Fabulous Fib-onnacci levels of importance.
From a technical standpoint, Fibonacci retracements in the major averages (see charts) have as much to do with the ebb and flow of trading as any fundamental data point or headline. More importantly, the myriad of technical breakouts above these key retracement levels continues to suggest that the markets are in a strong technical position to resume their Bullish ascent once the “ash” has settled.
Anyhow, the market is coming up on an important Fibonacci retracement level as the S&P hits 1228.74.

For Nifty weekly closing above 5470 retracement.
This opens gate for mother of new Bull Run which may take Nifty to
6066 . Stock that can be Dark Horse be Bharti Airtel Target 446.

The MSCI Barra Emerging Markets Index, which tracks stock performances in 21 countries, is up about 8% this month, its strongest gain since notching a similar advance in March.
"Since we hit this low and bottomed back in May, the technicals have been steadily improving and have been in stronger positions coming out of that major correction,"
The iShares MSCI Emerging Markets Index, an exchange-traded fund that tracks the performance of the index EEM, has jumped more than 10%.
With a more manageable grip on what had been a slate of worrisome developments out of Europe, a pullback in the U.S. dollar CUR_EURUSD against the euro has also increased an appetite for riskier assets.

Atul Sikrai.
Sr Vice President & Head Equities
wiTdom investment advisory.