Both the countries are equipped with nuclear technology heading for a collision can draw catastrophic results. The efforts of India are yielding results as the international pressures are mounting on Pak Govt. and local political uncertainties are placing that country in a fix.
The strength of markets can be gain when the dark clouds of war ceases. The Nifty is facing resistance at 3100 level but 3030-3026 level holds good for yesterday may be challenged to day because the RIL fell below 1315 support level. The HDFC and HDFC bank are driving south wards. The markets may hold in tight band till the expiry.
The Nifty is good above 3076-79 level which will become a resistance and the support for this day could be at 2961-63 level. The SBI is holding above 1265 is good, DLF is good above 296 and ONGC above 694. In case these trade below their support level and RIL below 1296 level is a clear sign of Bear grip over the markets. The HDFC is weak below 1532 and minor support at 1410-12 level. The HDFC Bank is weak below 1036 level and support at 930-32 level.
Tuesday, December 23, 2008
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Credit crunch boosting the 'lipstick effect'
LONDON: The recent global meltdown has seen an upswing in what is known the "lipstick effect", as sales of cosmetics are rising with more women
trying to cheer themselves up by spending money in make-up rather than cars, holidays and kitchens.
Economists have said that due to the financial crisis, people are steering away from making extravagant purchases like cars, holidays and kitchens and are instead spending their money on small luxuries like make-up.
And the sales figures from some of the world's big cosmetic companies - LOreal, Beiersdorf and Shiseido-reflect the theory.
In the first half of the year LOreal sales were up 5.3 per cent.
The theory was first identified in the Great Depression, when industrial production in the US halved, but sales of cosmetics rose between 1929 and 1933.
"The evidence shows that when budgets are squeezed people simply substitute large extravagances for small luxuries," the Telegraph quoted RAB Capital analyst Dhaval Joshi as saying.
In fact, during the recessions of 1990 and 2001, the number of people working in the cosmetics industry actually increased as demand for make-up rose in the US.
In Japan, during the long period of stagnation in since 1997, there has been a 10 per cent rise in the sales of on accessories.
After the 9/11 attacks on the US sales of lipstick doubled
THE IDEAS OF ANALYZING A GIFTED SITUATION BASED ON THE HUMAN PSYCHOLOGY IS GREAT TO READ BUT FINDING AN INNOVATIVE WAY TO PREDICT IS ALWAYS ADMIRED.
THE ARTICLE IS INTERESTING TO READ.
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