Dahej SEZ among top 25 global economic zones The multi-product special economic zone at Dahej in Bharuch district of Gujarat has been rated as one of the 25 best economic zones in the world. Read more on Calcutta News

South African President Jacob Zuma met Prime Minister Dr Manmohan Singh on Friday and the duo signed three bilateral agreements to give a fresh boost to economic, trade and investment relationships.

During their meeting, the two leaders held talks on a wide range of bilateral and global issues.

“Our strategic partnership with South Africa is based on mutuality of interests, common aspirations and close mutual understanding. Today, President Zuma and I have decided to impart a fresh, forward-looking character to these ties and to further broaden our co-operation,” said Dr Singh.

The two nations signed a Memorandum of Understanding (MoU) on agricultural cooperation, an air services pact and an MoU between the Foreign Service Institute of India and the Diplomatic Academy of South Africa.

Dr Singh further said that the two countries would also diversify cooperation in the area of science and technology, agriculture, Human Resources Development and security.

“India remains willing to work with South Africa in addressing the sheer challenges of capacity building, skill development, jobs creation and combating disease, which are essential for achieving inclusive, balanced growth,” he added.

The visiting President expressed his gratitude towards India’s hospitality and concluded the discussions to be fruitful.

“We have had a very fruitful discussion. We have discussed very critical strategic issues as well as our issues with regard to global issues and bilateral issues,” said President Zuma.

The two leaders also decided to support each other’s candidature for rotating non-permanent seats in the United Nations Security Council for 2011-12.

“We have agreed to support each others candidature for the non-permanent seat of the Security Council for the 2011-2012 term,” said Dr Singh.

The South African President, who is on his first official trip to Asia, arrived in New Delhi from Mumbai on Thursday.

He is accompanied by a high profile business delegation to promote and strengthen the historical and business ties between both countries.

The Indian machinery exporters have come a long way since independence and has achieved a good measure of self-sufficiency in manufacturing a variety of basic and capital goods, engineering goods and machines. The present Indian economy is passing through a phase of economic boom, the credit of which goes entirely to the Indian tool exporters in India. Previously the goods manufactured by the machine tool dealers were only available for local consumption owing to small scale production. But gradually with the use of advanced technology in production and application of modern techniques there was a significant increase in output. The necessity to export machine tools to foreign lands generated. The machine tools were exported outside India with the intention to capture the world market and generate huge profits.

Indian handicraft items occupied a comfortable position in the western countries but of late the Indian wood work items have become an object of demand in the west. You will be amazed to know that India is now in the forefront in the supply of crafted wood-work items for which the woodwork machinery suppliers in India have started earning well beyond the normal profit. The machine tools are even used for domestic consumption like in the development of various strategic segments like defense, railways and atomic energy. When it comes to meeting the strategic requirements over its foreign counterparts, India has come a long way indeed and proved its worth.

The example of Ergon will be worth mentioning through this article which has grown from a small company to become one of the most reputable and leading machine tools exporters in India. The team of Ergon boasts of its achievement in the field of supplying machine tools to India and abroad. The firm has engineers, consultants and specialized manpower that assist the firm in export decisions. Within a very short span of time Ergon has reached the peak of success and now it has captured the Machine tools export market.   

The growth of the machine tool export industry did not take place overnight. The concerted effort of all the dealers with a vision to occupy a position in the world market paved the way for success. The pursuance of a systematic approach to quality control and product standardization coupled with a long history of engineering excellence have helped the Indian machinery exporters to place themselves in the international arena. There has been a perceptible change in the image of the “Made in India” brand in the overseas markets and this particularly holds true for the Indian machine built tools. The machine tool exporters in India have always focused on upgrading the features of the machineries backed by a competitive pricing which has increased their demand in the overseas markets.

The machine tools exporters are quite pro-active when it comes to maintaining quality, so adequate training is imparted to the machinery manufacturers on the utility of various machineries. So in order to boost up the machinery exporters, various incentives schemes are designed to create sophisticated tools and equipments which helps in their export out of India. Various associations make an arrangement for exhibition of the machine tools to divulge information about the machine tool industry and its achievements to the outside world for business generation.

The latest news is that the Indian machinery exporters have soared high during the last few decades due to the economic boom in India and the economists are quite optimistic about the future of the Indian economy through the machine tools industry. The wood work machinery suppliers in India are going to grab the world market very shortly. A bright future waits for the workshop machinery exporters in India with export of machine tools simply rocking.

BSE Sensex (8965.20) and Nifty (2714.40) closed 1.4% and 1.5%  down last week.Nifty put-call ratio was 0.77.Support for Sensex is 8520 and for Nifty 2580.Resistance for Sensex is 9380 and Nifty is at 2840.Inflation was also under control 8.40 v/s 8.84 last week.Crude oil was at 43$.Market recovered from low levels on hopes of Repo and Reverse Repo cut by Reserve Bank Of India.Positive statement by Mr. Subbarao, Governer Reserve Bank Of India that fundamentals of Indian economy are strong and have minimal impact of global meltdown. prevented free fall in the market .Easing liquidity since mid November and steps to stimulate the economy some measures will be taken on Saturday 6th December also lended some support to the market.Late Friday evening Government reduced the price of petrol by 5 Rs/litre and diesel by 2 Rs/litre following reduced crude prices in international markets.NSE has announced to increase the lot sizes of Future & Option Stocks since value of most stocks has reduced drastically.DEFTY will also strat trading in the month of December which will help liquidity and increase the volumes.DEFTY is a NIFTY in Dollar term which will help FII’s to hedge NIFTY  in dollar term. Selling of FII was visible..Nifty 2600 put added open interest.Tata Motors   and  ONGC   added open interest.Reliance and L&T lost open interest.

Strategy for Future Option players.

Future Option na kheladio mate

1)RPL(72.50)  Lot Size-1675 Shares.

   Buy one call option of December month strike price 70@5.45 Rs.

   Sell  one call option of December month strike price 75@3.00 Rs.

   Premium Paid=5.45*1675=9128.75 Rs.

   Premium Received=3*1675=5025.00 Rs.

   Net Premium Paid=9128.75-5025.00=4103.75 Rs.

   Maximum Profit=75-70=5*1675=8375.00-4103.75=4271.25 Rs.

   Maximum Loss=4103.75 Rs.

   Break-even=72.45 Rs.

2)MTNL(73.55) December  month future-Lot Size 1600 shares.

    Buy one lot  December month future@73.55

    Sell  one call option of  December month strike price 80@1.55 Rs.

    Premium Received=1.55*1600=2480.00 Rs.

    Max Profit=80-73.55=6.45*1600=10320.00+2480.00=12800.00  Rs.

    Max loss=Unlimited.

Trading Idea

1)ACC(427.05)Buy this stock in decline and trade.

2)ESCORTS(32.85)Buy this stock in decline and trade.

Trend of Major Stocks

            STOCK                        TREND          NO.OF Days   Weekly          Monthly

                                                                                                  Trend             Trend

            ICICIBANK.NS         Bulllish  3          Rising   Rising  

          INFOSYSTC.NS          Bearish 1          Rising   Falling

               ITC.NS                    Bearish              1          Rising   Rising

            MARUTI.NS               Bulllish  3          Falling  Falling

         SATYAMCOM.NS       Bearish 1          Rising   Falling

        SBIN.NS                         Bulllish  3          Rising   Rising

        TATASTEEL.NS Bulllish  3          Rising   Rising

          TCS.NS                         Bearish 1          Rising   Rising

Technical indicators of major Stocks

MFI=Money Flow Index

RSI=Relative Strength Index

ADX=Directional Momentum Index

STOCK                          CLOSE       MFI-21 RSI-14 ADX-14         

ICICIBANK.NS         358.4               41.72   46.3     18.38

INFOSYSTC.NS        1134.5             39.17   39.58   23.7

ITC.NS                       169.35             48.18   50.12   16.24      

MARUTI.NS              490.65              40.94   38.55   32.48

SATYAMCOM.NS    225.15             35.96   36.92   31.46

SBIN.NS                   1134.15             28.43   46.85   26.71

TATASTEEL.NS         182.5               40.93   45.51   31.86

TCS.NS                        521.8              52.62   47.3     15.66

Website narendranainani.blogspot.com.

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