The markets are on its up spring despite of the regular worries doomed by the inflation. The RBI once again increased the repo rate and reverse repo rate by 25 bps. The markets accepted and discounted the hike, continued its upward consolidated journey. The bottom building at 4900 is quite evident. The smart move from Govt not to sell ONGC at through away price put the bears on alert and the scrip regained its 275-280 level with much easy due to short covering and squeezing of bears at wrong foot.
The Obama is also trying to gain confidence of common man in US that his govt. is pro poor by putting Buffet Tax. The crave for power makes all gimmicks that can be made in the Wall Street or in the politics is common. The experts are expecting that the inflation can take a South ward move only after Jan-12 and that could be true that the markets may take a positive turn with pre-budget rally also. The view is long but evident. The “Euro” existence is now reeling the markets. The Greece default is on the cards. The markets are also not able to accept the fact that they can take a bet on the future of the European nations debt default. So the markets are “traversing of Zigzag path” is the order of the day. The connectivity with global markets with Asian markets is not fully integrated but the after shock waves are existing. The local issues are now driving the markets in Asian markets rather than the US and Europe issues.
The Reliance has good base at Rs 810-15 level but likely to test 767-73 level. The ONGC may float above 263 level. The Infy move from 52 week low level is now protected for now. The scrip may stay above 2285 level, TCS above 1014 and Wipro above 330-332 level. The best out performing stock in Nifty is M&M. The scrip likely to stay above 775 level even due to RBIs’rate hike impact. The HLL, the driver of FMCG has formed a base at 221-23 level. The markets take a sharp rise once the stock hits that level. During this week, markets will touch 5200 level or likely to cross. The Nifty has to stay above 4960 level.
How web entrepreneurs made money, thanks to Google
At 27, Amit Agarwal grew restless. A techie working in Bangalore, he wanted to live with his family in Agra. But what about the monthly pay cheque? Idea: a tech blog that will help him get freelance assignments. So in 2004, labnol.blogspot.com was born.
The first post was the review of a new printer he had bought. And soon he was fielding questions from people who had the printer or any other gadgets.
Agarwal didn't know it then but the blog would become his full-time profession. Seven years later, he is still writing the blog (now labnol.org), and no longer looking for freelancing. The blog with 4.5 million page views per month has him clocking in 14-hour workdays. The only difference: he works from home. "Back then, I didn't think or know that a blog could be my source of income," he confesses. His source of revenue: GoogleAdSense, the Google service that places contextual ads on blogs. The blog and Google stay his chief source of income, with 75% of the revenue coming from it.
With little to no capital required, taking your business to the web is clearly the way forward. But decoding the web is not that easy. As yet another tech blogger, 27-yearold Amit Bhawani, found out. Starting as a personal blogger (amitbhawani.com now techadvices.com), the MBA graduate from Hyderabadhas 300 domain names registered under his companyDigital World Solutions with 40 sites and blogs operational, covering technology, health, education and automobiles.
Bhawani started blogging as a 22-year-old in 2006 and soon realised that it's the only business where there's an assured 100% year-on-year growth. Last year he made Rs 1.2 crore from his blog with 70% of the revenue coming from Google AdSense.
The first post was the review of a new printer he had bought. And soon he was fielding questions from people who had the printer or any other gadgets.
Agarwal didn't know it then but the blog would become his full-time profession. Seven years later, he is still writing the blog (now labnol.org), and no longer looking for freelancing. The blog with 4.5 million page views per month has him clocking in 14-hour workdays. The only difference: he works from home. "Back then, I didn't think or know that a blog could be my source of income," he confesses. His source of revenue: GoogleAdSense, the Google service that places contextual ads on blogs. The blog and Google stay his chief source of income, with 75% of the revenue coming from it.
With little to no capital required, taking your business to the web is clearly the way forward. But decoding the web is not that easy. As yet another tech blogger, 27-yearold Amit Bhawani, found out. Starting as a personal blogger (amitbhawani.com now techadvices.com), the MBA graduate from Hyderabadhas 300 domain names registered under his companyDigital World Solutions with 40 sites and blogs operational, covering technology, health, education and automobiles.
Bhawani started blogging as a 22-year-old in 2006 and soon realised that it's the only business where there's an assured 100% year-on-year growth. Last year he made Rs 1.2 crore from his blog with 70% of the revenue coming from Google AdSense.
THANKS TO ET.
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