Todays Market Nifty 8,723.05 (-108.50) (-1.23%)

Sensex   28,294.28 (-373.94) (-1.30%)

  

It’s a good habit to trumpet your failures and be quiet about your successes.

TRADING TIPS

     1. Trading is simple, but it is not easy.

2.  When you get into a trade watch for the signs that you might be wrong.

3.  Trading should be boring.

4.  Amateur traders turn into professional traders once they stop looking for the “next great indicator.”

5.  You are trading other traders, not stocks or futures contracts.

6.  Be very aware of your own emotions.

7.  Watch yourself for too much excitement.

8.  Don’t overtrade.

9.  If you come into trading with the idea of making big money you are doomed.

10.  Don’t focus on the money.

11.  Do not impose your will on the market.

12.  The best way to minimize risk is to not trade when it is not time to trade. 

13.  There is no need to trade five days a week.  

14.  Refuse to damage your capital.

15.  Stay relaxed.

16.  Never let a day trade turn into an overnight trade.

17.  Keep winners as long as they are moving your way.

18.  Don’t overweight your trades.

19.  There is no logical reason to hesitate in taking a stop.

20.  Professional traders take losses because they trust themselves to do what is right.

21.  Once you take a loss, forget about it and move on.

22.  Find out what loss parameters work best for your setup and adjust them accordingly.

23.  Get a feel for market direction by “drilling down” (looking at multiple time frames).

24.  Develop confidence by knowing and executing your trade setups the same way every time.

25.  Don’t be ridiculous and stupid by adding to losers.

26.  Try to enter a full size position right away.

27.  Ring the register and scale out of your position.

28.  Adrenaline is a sign that your ego and your emotions have reached a point where they are clouding your judgment.

29.  You want to own the stock before it breaks out and sell when amateurs are getting in after the move.

30.  Embracing your opinion leads to financial ruin.

31.  Discipline is not learned until you wipe out a trading account.

32.  Siphon off your trading profits each month and stick them in a money market account.

33.  Professional traders risk a small amount of money on their equity on one trade.

34.  Professional traders focus on limiting risk and protecting capital.

35.  In the financial markets heroes get crushed.

36.  Stick to your trading rules and you will never blow up your trading account.

37.  The market can reinforce bad habits.

38.  Take personal responsibility for each trade.

39.  Amateur traders think about how much money they can make on each trade.  Professional traders think about how much money they can lose.

      40.  At some point all traders realize that no one can tell them exactly what is going to happen next       in the market

Todays Market Nifty 8,831.55 (-35.90) (0.040%)

Sensex 28,668.22 (-104.91) (-0.36%)

Maruti Suzuki Exports Cross 15 Lakh Mark

Maruti Suzuki today announced its cumulative exports has now crossed the 15 lakh mark. The automaker started exports to Europe in 1987-88 and has gradually added more names to the list of its export markets since then. Then there was also the Maruti Zen, 800 in the 90s, followed by the now-discontinued Maruti A-Star. It must be noted the Alto brand also has a sizeable presence in the export markets, having clocked over 3,90,000 sales cumulatively. And earlier this year, the made-in-IndiaMaruti Suzuki Baleno became the first car to be exported from India to JapanMaruti Suzuki today announced its cumulative exports has now crossed the 15 lakh mark. The automaker started exports to Europe in 1987-88 and has gradually added more names to the list of its export markets since then. Then there was also the Maruti Zen, 800 in the 90s, followed by the now-discontinued Maruti A-Star. It must be noted the Alto brand also has a sizeable presence in the export markets, having clocked over 3,90,000 sales cumulatively. And earlier this year, the made-in-IndiaMaruti Suzuki Baleno became the first car to be exported from India to Japan

Todays Market Nifty  8,867.45 (+90.30) (+1.03)

Sensex  28,773.13 (+265.71) (+0.93)

Government announces enhanced support under Merchandise Exports from India Scheme (MEIS) of the Foreign Trade Policy

In the backdrop of the continued challenging global environment being faced by Indian exporters, Department of Commerce has extended support to certain new products and enhanced the rate of incentives for certain other specified products under the Merchandise Exports from India Scheme (MEIS). This has been implemented through DGFT public Notice No 32 dated 22 September 2016.

The following are the major highlights of the support:-

Addition of new products -

2901 additional products falling under different product categories have been added. These include items in the following areas:

Many items of traditional medicines like Ashwagandha herbs and its extracts, other herbs, extracts of different items.

Certain marine products, sea feed items.

Onion dried, processed cereal products and other value added items of plastics, lather articles, suitcases etc

Industrial products under different categories, including engineering goods, fabrics, garments, chemicals, ceramics, glass products, leather goods, newspapers, periodicals, silk items, made ups, wool products, tubes, pipes etc.

Increase in MEIS rates -

Rates of 575 product items falling under 11 products categories have been increased. These product include products of iron and steel, handicrafts, moulded and extruded goods, rubber, ceramic, glass, auto tyres and tubes, industrial machinery engineering items, IC Engines, machine tools / parts, items of wood, paper, stationary, footwear, auto seats, steel furniture, prefabs, items under the category of butter, ghee and cheese, dried egg albumin and rubber products

With this the total number of items covered under the scheme has been increased from 5012 to 7103. The total support extended by Government of India under the scheme has been enhanced from the present Rs 22,000 crore to Rs 23,500 crore per annum 

Todays Market Nifty   8775.90 (-32.50) (-0.37%)

Sensex 28523.20 (-111.30) (-0.39%)

Larsen & Toubro wins orders valued at Rs.1,726 crore

Larsen & Toubro (L&T)

  has won orders worth Rs.1,726 crore across various business segments.

Heavy Civil Infrastructure Business
The business has secured a prestigious order worth Rs.687 crore in the defence sector.

Smart World & Communication Business
The business has secured an order worth Rs.421 crore from Bharat Sanchar Nigam Limited (BSNL) for engineering, supply, installation, commissioning, operation and maintenance of Wi-Fi hotspots and Wi-Fi offload systems on turnkey basis for the Southern & Western States of India.

The scope of work includes installation of Wi-Fi Access Points (AP), provisioning of bandwidth connectivity to the Access Points (AP) and integration with the existing network.

Water & Effluent Treatment Business
The business has won an engineering, procurement & construction order worth of Rs.245 crore from Pune Municipal Corporation. The project scope involves design, procurement and construction of 63 nos. of RCC elevated storage reservoirs ranging from 0.5 ML to 4.5 ML, 19 nos of RCC ground level storage reservoirs ranging from 0.5 ML to 17.0 ML and related infrastructure works for Pune city.

Power Transmission & Distribution
The Business has bagged engineering, procurement and construction orders worth Rs.373 crores. An order has been secured under Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) from Odisha Power Transmission Corporation Ltd. (OPTCL). The scope includes electrification works in the WESCO utility areas of Odisha.

Another order has been received from Power Grid Corporation of India for the construction of 400kV Double Circuit Mundra – Bhuj Transmission Line in the state of Gujarat.
 
Stock View:
Larsen & Toubro Ltd is currently trading at Rs. 1475.85, down by Rs. 4.35 or 0.29% from its previous closing of Rs. 1480.2 on the BSE.

The scrip opened at Rs. 1482 and has touched a high and low of Rs. 1483 and Rs. 1470.1 respectively. So far 357911 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 138004.11 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1615 on 27-Jul-2016 and a 52 week low of Rs. 1016.6 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 1498.45 and Rs. 1457 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.32 % and 42.62 % respectively.

The stock is currently trading below its 50 DMA.