My Passions

Hearty congratulations to Abinav Bindra

2008-08-11T15:15:00.001+05:30

Finally India makes a history in Olympics 2008 by grabbing a first ever gold medal in individual events. Thanks to the effort of Abinav Bindra and he becomes the first ever Indian to grab a gold medal in Olympics individual events. Chak De India

Olympics 2008 kicks off at Beijing

2008-08-09T14:42:00.001+05:30

Olympics 2008 has been started yesterday with a colorful opening ceremony held at Bird's nest in Beijing. The ceremony was pretty colorful with lot of fireworks used in the opening ceremony. The Olympic torch finally carried by the Chinese gymnastic Li Ning. The opening ceremony started at August 8^th at 8 pm 8 sec. this date was chosen since this type of arrangement will come on next 3008^th year only. Indian team is lead by the silver medalist Rajyavarathan Singh Rathore since the only person to grab a medal for India in 2004 Olympics. This time India has sent a full fledged team to capture as many medals as possible. But until there is politics is in the sports department India will never get into the world ranking list. Lets see what happens for the next three weeks.

Luggage

2008-08-08T18:35:00.001+05:30

In this mobile world, everyone is moving very fast in their daily routine life. They need to travel from places to places. Their purpose of visit may be official or personal. If we move for an official work the amount of luggage we are going to carry will be less and a carry bags is enough for them to get all the things packed up because official works will take only one or two days only to finish our work.

On the other hand if we visit for personal use, mostly we will go to meet our relatives and friends or we might go on a jolly tour and at that time we might be going out of station for a week, on that time the amount of things we need to pack might be larger and larger carry-on might be needed. If we go on for a family tour, the size of luggage will vary. We must buy the best and cheaper ones since bags aren't a separate part from our life.

Yuvraj Singh still to be kept in the team..?

2008-07-15T14:11:00.001+05:30

We all know the recent batting and fielding form of Yuvraj Singh. His batting performance is constantly decreasing after the interview given by his father regarding the captainship. After that interview his concentration is fully on the captainship and he is constantly not playing well in the important matches. If we view on his batting records in the Asia cup we can clearly understand that he is not mentally present in the matches. If his poor form continues then we might loose a good player for our team. What punishment is BCCI going to give him so that he will gain his form back…?

Eating Veg Foods Will Reduce CO2 Emission

2008-07-05T12:59:00.000+05:30

Greenhouse emissions per household can be reduced by an amount equivalent to driving a car 1860 km fewer per year if people switch from red meat to veggies just for one day every week, calculates a researcher.

Christopher Weber of Pittsburgh-based Carnegie Mellon University also reckons that a completely local diet may help reduce a household's greenhouse emissions by an amount equivalent to driving a car 1600 km fewer per year.

He said that his calculations, based on an analysis of the environmental toll of food production, suggested that the consumption of locally-produced food items may not be as effective in reducing carbon emissions as quitting red meat for one day in a week.

"If you have a certain type of diet that's indicative of the American average, you're not going to do that much for climate while eating locally," New Scientist magazine quoted Weber as saying.

Weber and his colleague Scott Matthews' analysis included emissions like transporting and producing fertiliser for crops, methane gas emitted by livestock, and food's journey to market.

They observed that the final step added up to just four per cent of a food's greenhouse emissions on average, while red meat spewed out far more greenhouse gases than other foods.

"It seems much easier to shift one day of my beef consumption a week to chicken or vegetables, than going through and eating only Jerusalem artichokes for three months in the winter," said Weber.

Matthew Perry, head of Carbon Label California, said: "If you're interested in the hamburger you're not going to switch to tofu, but you might switch to a chicken burger."

The study has been reported in the journal Environmental Science and Technology. (ANI)

Features of the car - Nisan Murano 2009

2008-07-05T12:43:00.002+05:30

Invoice Price: Not Listed
MSRP:$35,910
Estimated Payments: $749/month
Rebates& Incentives: No information available
Gas Mileage: 18 mpg city / 23 mpg hwy
Engine/s:3.5L V6, 24 valve, 265 hp @ 6000 rpm
Transmission: VAR speed Automatic

Standard Features:Passenger Airbag Cutoff Sensor Activated By Seatbelt Engagement and Weight
Vehicle Dynamic Control (VDC) Vehicle Stability Control System
Radio Data System
Options:DVD Entertainment System
(PIO) Illuminated Door Sills
Dual Panel Moonroof

Deepika to set tie knot with Ranbir Kapoor

2008-07-03T21:50:00.001+05:30

'Om Shanti Om' girl Deepika Padukone is annoyed with the press for publishing stories about her romantic link-ups, saying they will dent her reputation and cause future embarrassment.
'The media needs to be a little restrained. I am a simple girl and from a respectable family. And loose talk about me harms my reputation,' Deepika, who will be seen in 'Chandni Chowk to China', told IANS in an interview.
Deepika, who was apparently seeing cricketer Yuvraj Singh at one time, is now reportedly set to tie the knot with Ranbir Kapoor.
Ask her why she and beau Ranbir went public about their relationship, Deepika said: 'Because this is the first time I've actually and truly fallen in love. Being in love is the loveliest feeling. When two people are getting close they need time to understand one another.'
Both of them will be seen together for the first time on screen in 'Bachna Ae Haseeno'.

Nokia launches 6220

2008-07-03T10:40:00.002+05:30

As part of its strategy to consolidate its position in convergence field, mobile handset maker Nokia India on Wednesday announced the launch of new mobile phone 'Nokia 6220 classic' with 5 mega pixel camera in Chandigarh.

Priced at Rs. 19,959, the new set is fitted with Xenon flash, autofocus, Carl Zesis optics and is A-GPS enabled which would allow sharing of photographs.

In addition to it, it has Nokia Maps 2.0 which would allow users to see the detailed image of a particular place of a city.

The mobile phone also has HSDPA data connection for fast web browsing and downloading and Adaptive multi rate speech coding technology.

Nokia 6220 is also equipped with Nokia Mblog application, which allows maintaining a blog directly from handset.

I hope this mobile will be another milestone in the history of NOKIA company in India

Is there any seperate market for the Auction?

2008-06-29T15:39:00.000+05:30

The buy/sell auction for a capital market security is managed through the auction market. As opposed to the normal market where trade matching is an on-going process, the trade matching process for auction starts after the auction period is over.

Contract Name

2008-06-29T15:38:00.000+05:30

A contract note describes the rate, date, time at which the trade was transacted and the brokerage rate. A contract note issued in the prescribed format establishes a legally enforceable relationship between the client and the member in respect of trades stated in the contract note. These are made in duplicate and the member and the client both keep a copy each. A client should receive the contract note within 24 hours of the executed trade. Corporate Benefits/Action.

How many Exchanges are there in India

2008-06-29T15:37:00.000+05:30

The Stock Exchange, Mumbai (BSE) and the National Stock Exchange (NSE) are the country's two leading Exchanges. There are 20 other regional Exchanges, connected via the Inter-Connected Stock Exchange (ICSE). The BSE and NSE allow nationwide trading via their VSAT systems.

Stock Market Fundamentals

2008-06-29T15:34:00.000+05:30

A common platform where buyers and sellers come together to transact in stocks and shares. It may be a physical entity where brokers trade on a physical trading floor via an "open outcry" system or a virtual environment.

What is electronic trading?
Electronic trading eliminates the need for physical trading floors. Brokers can trade from their offices, using fully automated screen-based processes. Their workstations are connected to a Stock Exchange's central computer via satellite using Very Small Aperture Terminus (VSATs). The orders placed by brokers reach the Exchange's central computer and are matched electronically.

FOREX BROKERS

2007-11-28T00:49:00.000+05:30

Until recently, foreign exchange brokers did large amounts of business,facilitating interbank trading and matching anonymous counterparts forsmall fees. Today, however, much of this business has moved on to more efficient electronic systems, such as EBS (now owned by ICAP), Reuters Dealing 3000 Matching (D2), the Chicago Mercantile Exchange, Bloomberg,and TradeBook(R). The broker squawk box lets traders listen in on ongoing interbank trading and is heard in most trading rooms, but turnover is noticeablysmaller than just a few years ago

PROFIT TRADING

2007-11-28T00:41:00.000+05:30

Milton Friedman argued that the best stabilization strategy would be for central banks to buy when the exchange rate is too low, and to sell when the rate is too high — that is, to trade for profitbased on their more precise information. Nevertheless, the effectiveness of central bank "stabilizing speculation" is doubtful because central banks do not go bankrupt if they make large losses, like other traders would, and there is no convincing evidence that they do make a profit trading.

PIPS AND ITS VALUE

2007-11-24T21:25:00.000+05:30

What we are earning here?
While during trading stocks traders are earning cents or its fractions, when trading futures points are being earned or lost during forex trading we are earning or losing pips. Depending on currency pair pips are second or fourth place after coma. For example exchange rate (or currency pair price) for EUR/USD is as for now 1.2068. If it raise to 1.2075 it will be 7 pips up. USD/JPY price is 118.51, pips here are describing second place after coma. Pips can have different values depending in which currency account is denominated. If account is denominated in USD each pip earned in different currency than USD need to be exchanged to USD. In example when we trade USD/JPY we are earning or losing JPY pips. To add then to our USD denominated trading account we need to exchange them to USD. We will look then for JPY/USD exchange rate and we will see how much JPY pip is worth. Every trading platform does such calculations automatically but its good to know why on some pairs we are earning more dollars per pip when on others we earn less. On major currency pairs pips value vary from as low as $0.7 to as high as $1.6. These values are of course approximations as they depend on exchange rates which are changing every minute.

ISO CURRENCY SYMBOLS

2007-11-24T21:24:00.000+05:30

All currencies are assigned an ISO (International Standards Organization) code abbreviation. US dollar is as you probably noticed referred as USD, GBP is United Kingdom Pound etc. These abbreviations are commonly used to describe currencies in financial world. List of currency codes is placed

CURRENCY PAIRS

2007-11-24T21:21:00.000+05:30

our trading vehicles
Instruments traded on most popular forex spot market are currency pairs. EUR/USD, USD/JPY, GBP/CHF these are our trading vehicles. Currency pair price equals the ratio of one currency valued against another. The first currency in pair is called base currency, the second one is referred as the quote currency. When you want to buy, an currency pair price specifies how much quote currency you have to pay to obtain one lot of the base currency. When you want to sell, the currency pair price specifies how much quote currency you get when selling one lot of the base currency

FX PULSE RATE PICKS UP

2007-11-24T21:15:00.000+05:30

Gauging the health of the world’s foreign exchange market is an awkward business, but every three years the Bank for International Settlements takes its pulse as best it can. Edward Russell-Walling reports.The last time the Bank for International Settlements (BIS) brought out its stethoscope, in 2001, the FX heart was found to be beating rather feebly. But the bank’s latest survey shows it to be pounding. Daily turnover shot up from an average of $1200bn in 2001 to nearly $1900bn this year, according to BIS.That represented a rise of 57% (36% at constant exchange rates), which was rather more than most anticipated. The consensus had been for closer to $1500bn. “We were all surprised,” admits Mansoor Mohi-uddin, UBS chief currency strategist. “No-one expected the jump to be this much.”