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Margin Trading Gets To My Nerves!

admin — Fri, 12 Jun 2009 15:31:22 +0000

Image courtesy of Niyantha’s photostream on Flickr.

Have you ever been so outrightly frustrated that you chose simply to switch off the main power switch instead of shutting down your PC by pressing the Turn Off Computer button? Yes, I did exactly that this afternoon having spent five tiring hours in trying out my luck at intraday margin trading and finding my whole day’s earnings disappear at the very last moment. It took me a while getting back into my composure, and finally deciding to pour my heart out through this blog post to make something good out of that biting experience.

I have only recently been trading on margin with a view of getting into the groove of stock business and how perplexing this whole experience has been until now. The small capital of 60K Rs that I had started with eleven trading sessions ago lies even more shrunk at 44K tonight, and that too after having deployed all my intellect on making the intraday calls least risky. Although my success to failure ratio stands at 2:1 in terms of my intraday orders, and I believe this would only get better with time, the money earned to lost ratio reversely stands at 1:2 because of a couple of hugely bad decisions I made during the first few sessions, something I’ve been able to avoid lately.

The biggest lesson I’ve learnt by trading intraday is to discard sentiments in such deals. It is much better to lose smaller sums quickly than being indecisive and finding major losses awaiting after bad calls. Sometimes share prices may turn back in your favor, say, after an hour, but this is what you should not lose your heart about and be overtly emotional at. You could easily look for other fluctuating scrips instead of having to sit out for 2-3 hours in sheer blood-pressure and depression.

But, I guess margin trading is not all about awaiting for a sudden rise or a sharp fall in share prices, and one can even place speculative calls by carrying our prior research and leaving it out for the end of the day to decide about your deal’s fate. I do not know how others trade in the intraday segment on margin, but would like to share my own experience about stock market, my brokerage firm ICICIDirect and other such matters from a layman’s perspective. Hope this would help those wannabe stock traders who might visit this weblog hoping to learn about margin trade.

Lata Mangeshkar Songs This Month

admin — Sat, 23 May 2009 08:08:51 +0000

Following suggestions came from Meghna Parikh, an ardent Lata Mangeshkar fan. I shall update this song thread upon discovering more of Latadidi’s numbers in future.

Gujarat Tourism Websites

Traveler — Tue, 12 May 2009 08:24:39 +0000

Girnar Jain Temples, Image courtesy of Norman Koren

This is first in a series of tourism related blogs about India, and I shall begin by compiling a list of useful Gujarat tourism websites. I shall pass on more information about Gujarat destinations in my subsequent blog posts later. My discussion will be sourced mainly from online resources, as I do not have access to any first-hand information in this regard. However, the level of research and compilation will not disappoint you, that I can assure you about at this juncture.

Tourism Corporation Of Gujarat : The official Tourism Corporation Of Gujarat website. Provides in-depth information about places of tourist attraction in Gujarat and other such details. Visitors can avail the benefit of Tourism Corporation hotels and tour packages.

Gujarat Tourism – Visit Gujarat : GujaratIndia.com is the official portal of Gujarat Government. Take a look at Visit Gujarat section to learn about museums, heritage hotels, wild life and other tourism information.

Gujarat Travel Guide : Provides useful links and information about cities and towns of Gujarat and hubs of tourist attractions.

Gujarat Travel Blogs (1) : Travelers post their photos and reviews about Gujarat visits.

Gujarat Travel Blogs (2) : More photos and reviews from previous Gujarat visits.

Gujarat Travel Guide At TravBuddy : Another source of photos and reviews about Gujarat travel and tourism.

Travel Made Easy (Gujarat Tourism) : One of more updated resources about Gujarat travel and tourism.

Gujarat Page At IndiaTourism.com : Gujarat page at IndiaTourism.com. Information about museums, temples and other such locations.

Gujarat Tourism At Trip Advisor : Information about hotels, restaurants and other such useful facilities for tourists at TripAdvisor.com.

Colors Of Gujarat : Provides a concise overview, claims to be having a team of dedicated travel professionals, but fails in regularly updating its own website. Some details of its hotels section date back to Sep 2007. Also, Google described it as a reported attack site when I visited first. Obviously, the site has not been regularly updated and monitored.

Gujarat Travel Guide – HolidayIQ : Gujarat folder on HolidayIQ.com. Provides real-time travel reviews apart from information about locations and tour itineraries.

GujaratTourism.net : Scores lowly in page rank, yet guides you through places you could travel across Gujarat.

Gujarat Travel Map : Map you could follow while traveling Gujarat.

GujaratTourism.org : Well formatted layout, claims being an agent of hospitality and other services in Gujarat, but does not provide much information in that area.

Gujarat HC Closes Down Tata Nano Land Case, Fines Litigators

Nano Admirer — Sun, 03 May 2009 23:46:33 +0000

Tata Nano’s print ad

There couldn’t have been a better musical piece for Tata Nano’s well-wishers to listen to than the one inked by a two judge bench of Gujarat High Court recently. A Bench comprising of the Chief Justice KS Radhakrishnan and Akil Kureshi not only dismissed the two PILs filed against the Gujarat government’s land acquisition in Sanand for setting up a mother plant for Tata Motors’ benchmark development Nano, but also imposed a 10,000 Rs fine on the petitioners, mostly farmers hailing from the area around Tata Nano’s new home. The HC bench termed the motive of the petitioners “frivolous, speculative and vexatious” and charged them for abusing the judicial process. This seemed to follow a 2007 SC directive, which had asked its affiliate courts to show no mercy while dealing with suspect PILs.

Apart from a few Delhi based media houses and their local cohorts in Ahmedabad, almost nobody from Gujarat showed any sympathy for the the agitating farmers ever. This was mostly due to the timing farmers had chosen to air their grievance. They never had shown any public discontent before for an issue that goes back to the British Raj, when their forefathers had chosen to transfer part of their lands in exchange of a compensation to the government of the day. It was only after Tata’s Singur debacle and a decision to relocate Nano’s mother plant to Sanand, near Ahmedabad, that they started crying foul in public about the whole matter. An intention of milking away from an important accord between the Gujarat government and Tata Motors, and a tendency of misusing the sympathy, which normally gets accorded to the victims of industrial developments, could always be heard from their shrill cries.

This judicial pronouncement may or may not make it easier for other state governments to allot land for industrial usage, as the socio-economic index and therefore the ground realities in Gujarat and elsewhere stand vastly different. However, this would surely provide a further boost to Narendra Modi’s agenda of development, who has ensured during his stay as the Chief Minister of Gujarat in Gandhinagar, that his state leads India’s charge in the 21st century!

A happy Nano fan in Ahmedabad, wishing the One Lakh Car a successful journey ahead!
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May 12, 2009 Update:

More fun! Gujarat HC dismisses yet another PIL against the Sanand land allotment, saying it was intended only for publicity and media attention.

Nano land acquisition: PIL intended for publicity, says High Court

Lata Mangeshkar Hindi Movie Songs (M-Z)

admin — Tue, 28 Apr 2009 21:04:07 +0000

Image courtesy of Bollywood section at Guyanafriends.com/eve/forums/. You can download more Lata Mangeshkar photos and information about her songs and career at this link.

And here is a list of Lata Mangeshkar Hindi movie songs from letters M to Z. This completes my effort as far as Latadidi’s numbers are concerned.

Lata Mangeshkar Hindi Movie Songs (A-L)

admin — Tue, 28 Apr 2009 20:49:12 +0000

Image courtesy of Bollywood section at Guyanafriends.com/eve/forums/. You can download more Lata Mangeshkar photos and information on her songs and career at the aforementioned link. A list of Lata Mangeshkar Hindi movie songs from letters A to L from the 50s, 60s, 70s, 80s and 90s. The remainder (M-Z) shall be presented in a new post soon after this one.

More Lata Mangeshkar Duets

admin — Sun, 22 Mar 2009 02:55:49 +0000

Continuing with Lata Mangeshkar songs, here is a list of more duets by her with singers other than Kishore Kumar and Mohammed Rafi.

Lata Mangeshkar Mohammed Rafi Duets

admin — Fri, 20 Mar 2009 02:29:42 +0000

When I started gathering Lata Mangeshkar songs last week, I was expecting to find more Lata-Rafi duets than Kishore ones. However, not only Lata-Kishore surpassed Rafi, surprisingly Lata-Talat Mehmood surpassed everybody else. But, I prefer skipping up most of Talat Mahmood’s contribution, since it belongs to an early era and may not prove familiar to most ears. For now, enjoy these evergreen Lata Mangeshkar Mohammed Rafi duets, courtesy of Dishant.com and a few other resources.

Tata Nano Car Updates

Nano Admirer — Wed, 18 Mar 2009 02:48:31 +0000

Image courtesy of Tata Nano/ Facebook

This is the first in a series of Tata Nano Car updates that I shall publish for my readers in the weeks and months ahead. All my information will be sourced from other resources, including Nano’s official website, but I have plans of visiting Nano’s upcoming mother plant at Sanand and share, if possible, some first-hand experience from there as well. Let me remind you for now that Nano will be launched at a function in Mumbai on 23rd March. The car will be put on display at Tata Motors dealerships from the first week and bookings will commence from the second week of April 2009.

Nano’s official website claims of having recorded 3 million hits until recently. I have had a solitary post on Nano before this one, and that too seemed to be visted by netizens from all over globe. So this 3 million claim should not suprise one! Let me link you to some important articles and photo galleries of Tata nano, before I wound up for tonight.

Nano’s Fast Facts

How They Built Nano

Some Nano Pictures To Download

Watch Nano At 360 Degrees

Tata Nano Europa, Displayed At 79th Geneva Motor Show

Tata Nano On Facebook

Tata Nano On Orkut

India’s Car For The Common Man (BBC)

The Next People’s Car (Forbes Asia)

Nano gets a new home: We are not orphans, says Tata (The Economic Times)

This is what Ratan Tata had to say about Modi’s administration in the above interview after having relocated Nano to Sanand in Gujarat:

“The speed with which they moved was unbelievably fast. If it had been possible to move the assembly line in a day we could have come here.”

Learning From Tata’s Nano (Business Week)

“The innovations of the $2,500 car carry important lessons for Western executives.”

Nano’s Wikipedia Entry

Tata Nano: World’s Cheapest Car (NYT Video)

Before Nano Fever, There Was the Ambassador (NYT Blog)

Speaking More About Cheap Cars In India (NYT Blog)

Graphical Representation Of Nano (NYT)

Tata to bring Nano to Europe by 2011 (Reuters)

Destination Europe for the Tata Nano (Reuters Video)

Geneva 2009: Bodacious Tatas – Indian automaker debuts Nano Europa (Autoblog.com)

Geneva 2009: Tata Nano Europa (Autoblog.com Gallery)

The Nano Is Here (Rediff.com Gallery)

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March 27 Update

All About Tata Nano Booking

Booking Timeline

Booking Center Locator

Check Out The Price List

Tata Nano Variants

Car Specification

Car Features

Colors Available

Compare Tata Nano

Tata Nano Brochure

All About Tata Nano

Tata Nano Images

Lata Mangeshkar Kishore Kumar Duets

admin — Mon, 16 Mar 2009 19:10:42 +0000

Phewww! An unending run to look out for Lata Mangeshkar songs finally brings up my first music blog in over two months. So here we go with a list of Lata Mangeshkar and Kishore Kumar duets first. More Lata songs to follow later. These, apart from a quick compilation of Mukesh, Manna Dey and RD Burman hits, may be my last music blog threads. I’ll have to find out new ways, where I could blog regarding music without relying on other resources. The current compilation, like its earlier versions, too gets mainly sourced from Dishant.com. Hope Dishant and its ilk grow in amount to keep are us smiling. In case they do not, I’m afraid, this whole effort goes down the drain!