Nifty :: Again low volume in green candle.. Made a white lower shadow bullish candle.. Still indecisive insider day.. As per yesterday post watch breakout level 5152/5182, breakdown level 5080/5052… Up to 5182 be careful at higher level.. Our strategy for 11th Dec. near 5182 sell at high (S.L 5182) buy in deep, If Nifty break 5182 change strategy as buy in deep sell at high in intraday only.. Resistance for up move at 5152/ 5161/5182/5224.. Supports at 5118/5080/ 5052..
Carbon credits offer us a Rs 28,000-cr opportunity
LESLIE D’MONTE New Delhi, 10 December
The Indian government has approved more than 1,400 projects as part of the Clean Development Mechanism (CDM) that could attract around $6 billion(Rs 28,000 crore) into the country by 2012 through sale of Certified Emission Reduction (CER) certificates, according to Environment and Forests minister Jairam Ramesh.
The National CDM Authority (NCDMA) in India has accorded Host Country Approval to 1,455 projects. These projects have seen an investment of more than $33.7 billion(Rs 1.6 lakh crore). If all these projects get registered at the CDM executive board, it will earn developers over 600 million CERs by 2012. At aconservative price of $10 per CER, the figure works out to a little over $6 billion.
“This is the potential foreign direct investment (FDI) that India stands to earn from carbon credits. In fact, 10 per cent of India’s annual greenhouse gas (GHG) emissions can be neutralised because of this,” Ramesh told Business Standard ,adding: “India may be the second-largest country in terms of the number of CDM projects (after China) but is the best in terms of implementing them.” Carbon-efficient projects in India, China, and other developing nations, however, are facing uncertainty over the new compliance rules post 2012 since the Copenhagen Agreement is expected to establish a new sectoral carbon market-crediting mechanism with focus on the Clean Development Mechanism (CDM) in less developed countries (LDCs).
In fact, despite the promise that carbon credits hold, the number of Indian carbon offset projects proposals submitted every day to India’s national authority — that is, CDM India — has reduced approximately by 30 per cent, according to Mayank Batra, Research Analyst (Environment and Building Technologies), South Asia & Middle East, Frost & Sullivan.
Carbon credits are a key component of national and international attempts to mitigate the growth in concentrations of GHGs. One Carbon Credit is equal to a tonne of carbon. Carbon trading is an application of an emissions trading approach. There are two broad methods of earning carbon credits. Carbon Offset Credits, which consist of clean forms of energy production, wind, solar, hydro and biofuels. And Carbon Reduction Credits which comprise the collection and storage of carbon from the atmosphere through biosequestration (reforestation, forestation), ocean and soil collection and storage efforts.
“Project-financing activity has also declined, as people are looking at Copenhagen for future developments and buyers are not willing to enter into deals that have post-2012 delivery,” says Batra.
Asia is the leading supplier of CERs in the global carbon market, holding approximately 77 per cent of the share. Over 3,714 projects are developed under CDM all over Asia. Most of these are the future-installed power projects, which will have a capacity of around 58 Gw in hydro, wind, biomass, geothermal, biogas, landfill gas, solar, tidal, energy efficiency-based own generation, and coal bed/coal mine methane sectors.
India, on its part, has generated around 30 million carbon credits, and approximately 140 million are in pipeline. Around 225 Indian projects in the fields of biomass, cogeneration, hydropower, and wind power with a potential of 225 million CERs have been registered. Carbon offsets from solid waste projects, too, will see a rise. At present, the Indian solid waste management market is witnessing tremendous growth. Currently it is valued at around $155.56 million (Rs 728 crore) and is expected to grow at a rate of around 20 to 25 per cent in the next three to five years.
LESLIE D’MONTE New Delhi, 10 December
The Indian government has approved more than 1,400 projects as part of the Clean Development Mechanism (CDM) that could attract around $6 billion(Rs 28,000 crore) into the country by 2012 through sale of Certified Emission Reduction (CER) certificates, according to Environment and Forests minister Jairam Ramesh.
The National CDM Authority (NCDMA) in India has accorded Host Country Approval to 1,455 projects. These projects have seen an investment of more than $33.7 billion(Rs 1.6 lakh crore). If all these projects get registered at the CDM executive board, it will earn developers over 600 million CERs by 2012. At aconservative price of $10 per CER, the figure works out to a little over $6 billion.
“This is the potential foreign direct investment (FDI) that India stands to earn from carbon credits. In fact, 10 per cent of India’s annual greenhouse gas (GHG) emissions can be neutralised because of this,” Ramesh told Business Standard ,adding: “India may be the second-largest country in terms of the number of CDM projects (after China) but is the best in terms of implementing them.” Carbon-efficient projects in India, China, and other developing nations, however, are facing uncertainty over the new compliance rules post 2012 since the Copenhagen Agreement is expected to establish a new sectoral carbon market-crediting mechanism with focus on the Clean Development Mechanism (CDM) in less developed countries (LDCs).
In fact, despite the promise that carbon credits hold, the number of Indian carbon offset projects proposals submitted every day to India’s national authority — that is, CDM India — has reduced approximately by 30 per cent, according to Mayank Batra, Research Analyst (Environment and Building Technologies), South Asia & Middle East, Frost & Sullivan.
Carbon credits are a key component of national and international attempts to mitigate the growth in concentrations of GHGs. One Carbon Credit is equal to a tonne of carbon. Carbon trading is an application of an emissions trading approach. There are two broad methods of earning carbon credits. Carbon Offset Credits, which consist of clean forms of energy production, wind, solar, hydro and biofuels. And Carbon Reduction Credits which comprise the collection and storage of carbon from the atmosphere through biosequestration (reforestation, forestation), ocean and soil collection and storage efforts.
“Project-financing activity has also declined, as people are looking at Copenhagen for future developments and buyers are not willing to enter into deals that have post-2012 delivery,” says Batra.
Asia is the leading supplier of CERs in the global carbon market, holding approximately 77 per cent of the share. Over 3,714 projects are developed under CDM all over Asia. Most of these are the future-installed power projects, which will have a capacity of around 58 Gw in hydro, wind, biomass, geothermal, biogas, landfill gas, solar, tidal, energy efficiency-based own generation, and coal bed/coal mine methane sectors.
India, on its part, has generated around 30 million carbon credits, and approximately 140 million are in pipeline. Around 225 Indian projects in the fields of biomass, cogeneration, hydropower, and wind power with a potential of 225 million CERs have been registered. Carbon offsets from solid waste projects, too, will see a rise. At present, the Indian solid waste management market is witnessing tremendous growth. Currently it is valued at around $155.56 million (Rs 728 crore) and is expected to grow at a rate of around 20 to 25 per cent in the next three to five years.
We have often written about Larsen & Toubro, pointing out how this engineering and construction company stands tall out of its peers and is best placed to capitalize on the existing any new opportunities that can come out of the India's construction segment. This 1 lac crore mcap company is already more than a 3 bagger from its yearly lows and it still has a long way to go in the years to come. The previous boom phase was a reminder that showed how some classical companies like L and T can still make its own way out of unforeseen downturns which many other companies like Punj Lloyd was not able to do.The company recently reported that it is aiming to win 6000 crore of orders a year starting from 2015 by building nuclear reactors. The company expects the first set of orders for the reactors to come from 2011. The company has been working on this for a long while since India evinced interest in moving to the nuclear way in the previous UPA regime. The move towards cleaner energy is just gaining momentum day by day, not only in India but across the globe.
The company is now ready to cater to the needs for critical equipment for any of these technologies, be it the Russian or the American technology. Atomic energy companies led by Areva SA and GE Hitachi Nuclear Energy are already engaging with the government after a three decade global ban on nuclear trade was lifted last year.
Global spending on new reactors is estimated to surpass more than a trillion USD by 2030. The main driver is expected to global co ordinated action to carbon emission cuts. In this scenario, with respect to Indian companies, L and T is the company which is best placed to take advantages of opportunity that can emerge from the nuclear space. The company has already been doing it homework and seems to have drafted a clear road map to participate in this space.
L and T had earlier signed preliminary agreements with GE Hitachi, Atomic energy of Canada and Westinghouse, a subsidiary of Toshiba Corporation. The company already has the capacity and the capability to build nuclear reactors of about 1000 megawatts each at a time and has the potential to increase capability as it secures more orders.
The company has also set up a joint venture with Nuclear power corporation of India for a forging plant to produce components for energy projects that will include atomic power plants. The country is slated to produce 60,000 megawatts of nuclear energy by 2030 from just 4000 megawatts of atomic power capacity.
The core concern of many political parties was the future of Hyderabad, which has seen tremendous growth and investments as the capital and a favoured destination.
Telangana' turns AP industry jittery, Key growth drivers IT and realty can face the heat. The realty sector, in and around Hyderabad, could face troubled times IT majors concerned that Hyderabad could lose the advantage of being a favored destination IVRCL, NAGARCONST, IVRPRIME and MAYTSAS INFRA are few stocks which would have impact.
IT exports from Andhra Pradesh alone stood at Rs 32,000 crore last financial year — almost 18 per cent of the total IT software exports from the country.
Telangana decision plunges AP into a crisis, 97 MLAs across party lines submit resignation.
Andhra Pradesh is the bulk drug capital of India, which produces almost Rs 15,000 crore worth of bulk drugs (raw materials for manufacture of final medicines) of the Rs 20,000 crore worth of domestic production.Prithvi Information Solutions Limited (PISL) managing director Satish Kumar said: “If they put conditions like only people of Telangana can work in Hyderabad, it can be catastrophic.”
FOR DATE 11-12-2009
SCRIP = DENA BANK. (BSE),
SCRIP CODE = 532121,
PREVIOUS CLOSE = 91.3,
STOP LOSS = 87,
TARGET = 105.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR CLICK THE LINK ABOVE LIVE SENSEX WATCH.)
CHART AS ON 10-12-2009
WITH A CONSIDERABLE RISE IN VOLUMES, THE STOCK HAS GIVEN A FRESH BREAKOUT IN THE LAST TRADING SESSION. THE STOCK WAS IN CONSOLIDATION SINCE DECEMBER AND IS IN A VERY STRONG UP TREND FROM JULY.
THE STOCHASTICS SHOWS A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT SUGGESTS THIS COUNTER GOOD FOR A SHORT TERM RANGE.
STRICTLY MAINTAIN AND FOLLOW THE STOP LOSS
SCRIP = DENA BANK. (BSE),
SCRIP CODE = 532121,
PREVIOUS CLOSE = 91.3,
STOP LOSS = 87,
TARGET = 105.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR CLICK THE LINK ABOVE LIVE SENSEX WATCH.)
CHART AS ON 10-12-2009THE STOCHASTICS SHOWS A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT SUGGESTS THIS COUNTER GOOD FOR A SHORT TERM RANGE.
STRICTLY MAINTAIN AND FOLLOW THE STOP LOSS
Hindoilexpo is on the verge of completing its correction.245-255 seem to be a good entry point to be confirmed by a break out of the channel for the 5th or "C" wave up.
Torrent pharma on strong upmove maintaining higher highs & higher lows with extending waves.It may correct upto 375 and resume uptrend.
Ever since November 3rd week i have consistently been mentioning to focus on SMALLCAPS/MIDCAPS and explained that there is a huge disparity in valuations. It was clearly stated next 3-5 weeks would only be midcaps !!!
Bang on Index has done nothing but many midcaps have moved up 20-50%. Clients have enjoyed this period since lots of more research. One of the small value picks considered Accentia Technologies has moved up 20% and is on a breakout. Maintain tgt price 200 over 6-12 mths.
Technical Stats :
BSE SENSEX retraced 73% of the downmove
BSE midcap has retraced 55% of the downmove
BSE small cap index has retraced 48% of the downmove
JUST a important quote which will reduce my explanation.
" Every Bull market starts with a BEAR rally" --- ( Its been a bear rally since 10k !! )
" Major corrections/Bear market starts with a SMALL CAP RALLY " ( Are we on the cusp of it!! )
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