Where can I get Best Portfolio Management Services? | | Ace Investment Advisory

Where can I get Best Portfolio Management Services? | | Ace Investment Advisory: About Best Portfolio Management Services(PMS) in India: Portfolio Management Services(PMS) are always in demand because of good equity investment and returns compared to other sources available in market. There are hundreds of PMS services providers in market which are providing in different ways. Some of them are

Which is reliable tips provider in stock market? | | Ace Investment Advisory

Which is reliable tips provider in stock market? | | Ace Investment Advisory: About Reliable stock tips provider in India: If we think from trader side, it's hard to find reliable and genuine tips provider in Indian stock market because every day they see new names on internet and full of promises websites but no results. We believe that awareness should be there in clients to identify genuine

LTCG unlikely in Budget 2018; 5 stocks which could turn multibaggers

Expenditure on infrastructure and rural economy will be the key focus area in the upcoming Budget while LTCG implementation seems unlikely for FY19

Q) The year 2018 started on a bullish note after a blockbuster 2018. The Nifty  is already knocking on the doors of 11,000. Do you think the rally would continue till Budget?

A) I expect the rally to peter off. The F&O expiry for January 2018 could see profit booking and Nifty could come back to its support levels of 10,500 to 10,600 levels.

Q) The macro picture is fast deteriorating – at least it is not as attractive as it was back in the year 2016-2017. Do you think the hope based rally could push the index towards record highs?

A) The Indian macro remains a source of strength even in 2018. Inflation which is recovering from abnormally low levels is likely to stay below the Reserve Bank of India’s (RBI’s) mandated upper band of 6 percent.

Fiscal positions remain strong and FX reserves remain at an all-time high. The rally would need support from the earnings revival which seems to be gaining momentum in the current earnings season.

Q) What are your expectations from Budget from markets points of view? Do you think LTCG could become a reality in Budget 2018?

A) While fiscal discipline is the key. Expenditure on infrastructure and rural economy will be the key focus area. LTCG implementation seems unlikely for FY19.  Most Successful Adviser in India is Ace Investment Advisory since 2006.

Best Stock Tip Today

TATASTEEL closed on 17.01.2018 at 774. Buy TATASTEEL on 18.01.2018 above 774.00 with strict Stoploss below 767 for intraday Target 779 and  784.

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Trade setup for Wednesday: Top 15 things you should know before Opening Bell

Investors are advised to stay light and not be in a hurry to create fresh long positions on the index. Keep a stop below 10600 for all long positions.

A volatile day on markets but bears pushed the index towards its crucial support level of 10,700 on Tuesday, and a slip below 10,700-10650 in Wednesday’s sessions could further weigh on the markets.

The index formed a bearish belt hold kind of pattern after an inverted candle which suggests that momentum is lacking. Although the index is trading well above its crucial short-term moving averages, traders should avoid creating aggressive long positions on dips.

The Nifty50 slipped on the back of profit booking losing marginal percentage though it closed above its crucial psychological support level of 10700. A bearish momentum was seen due to profit booking across indices from Nifty bank to Smallcap and mid-cap as well. Share Market Tips Provider in India

Cup with Handle Chart Pattern

The cup with handle pattern is one of the most bullish chart patterns.  It works well on top growth stocks during a market uptrend.  Its a close cousin to the rounding bottom pattern – another very bullish pattern.

As the name suggests, this chart pattern looks like a cup or pan with a handle.  Imagine looking at a pan (with the handle projecting to your right) from the side of the pan and you will see it easily on the chart below. http://bit.ly/2FJPdEr

Indian Stock Tips

Banks must learn to manage rate risks, RBI cannot always bail them out: Dy Guv Acharya

Banks must not be surprised but understand the risks in the bond markets well and that central bank will not intervene to bail out banks from adverse interest rate movements, Reserve Bank of India (RBI) Deputy Governor Viral Acharya said.

Banks must not be surprised, but understand the risks in the bond markets well, said Reserve Bank of India (RBI) Deputy Governor Viral Acharya, even as he noted the central bank will not intervene to bail out banks from adverse interest rate movements.

Banks are set to witness heavy treasury losses amounting to anywhere between Rs 15,000 - 25,000 crore in the third quarter results after the bond yields collapsed about 67 basis points in the December quarter.

However, in a strong message, Acharya said “Interest rate risk of banks cannot be managed over and over again by their regulator."

In a speech at the annual dinner of the Fixed Income Money Markets and Derivatives Association (FIMMDA), the RBI deputy governor indicated this was not the first time when bond yields have risen. But banks have not been much wiser; rather, they tend to ignore the risk. “… banks should not be surprised repeatedly when government bond yields rise sharply and their investment profits drop."

Having started reporting the results this month, banks have asked RBI to allow spreading of the provisions on the losses to avoid taking an immediate hit on their profitability.

It has been a common practice among Indian banks to seek relaxation whenever they were in losses, and the regulator in the past has largely obliged.

However this time, Acharya threw the ball in the treasury departments' courts speaking to the association of bond investors, most of them being from banks, saying instead of praying for regulatory relaxations they should equip themselves with derivative products.

“The regulator, in the interest of financial stability, is caught in such situations, between a rock and a hard place, and often obliges,” Acharya said.

However, he added, "By taking advantage of the dispensation regularly, efficient price discovery in the government securities (G-Sec) market and effective market discipline on the G-Sec issuer was not happening. “Nor does it augur well for developing a sound risk management culture at banks.”

According to him, the excess liquidity in the banking system did not get absorbed through the RBI’s liquidity operation, and capital-starved banks parked the funds in bonds, at the expense of duration risk.

He said, "With relatively high duration and concentration of G-Secs in investment portfolio, bank earnings and capital remain exposed to adverse yield moves."

As a result, the size of banking sector's balance-sheet exposure to G-Secs, and hence, its interest rate risk, is high in an absolute sense, and is relatively elevated, when measured in proportion to total assets, for public sector banks relative to private banks.

RBI’s Financial Stability Reports (FSR) have regularly pointed out the impact of such large interest rate moves on capital and profitability of banks, said Acharya. "Banks should know and understand this risk rather well. Perhaps they do, and the issue is really one of incentives that lead to their ignoring this risk.”

And the incentive was to line up to the regulator to give regulatory compensation, which, Acharya described as “heads I win, tails the regulator dispenses.”

The share of commercial banks in outstanding Government Securities (G-Secs) was around 40 percent as on June 2017, while investment of banks in G-Secs as a percentage of their total investment was around 82 percent for FY 2016-17.

The corresponding figure for public sector banks for 2016-17 was slightly higher at 84 percent.

In spite of the relative stability of the consolidated debt to gross domestic product (GDP) ratio of the government, the investor base for G-Secs in India was primarily limited to domestic institutions, which often resulted in oversupply of bonds in the market, Acharya pointed out.