In a bid to align its products with global trends and preparing itself for the huge strides expected to be witnessed in infrastructure, Tata Motors today unveiled a new range of commercial vehicles that promise to deliver greater return on investment and higher user satisfaction.
The vehicles include multi-axle trucks, heavy-duty trucks, tractor trailors and tippers. The new products will largely cater to sectors such as mining, construction, road building, logistics and petrochemicals.
Prakash Telang, executive director, commercial vehicles business, told mediapersons that the introduction of the vehicles is part of the company’s programme to redefine its products to bring in customised solutions with latest technologies.
The company unveiled Tata LPS 4923 TC, which is a 49-tonne Novus tractor customised to offer optimum performance under Indian conditions.
The vehicle has an air-conditioner fitted driver cabin and has a GPS / data logger solution. The product is pitted to be the right solution for transporting containers, steel, cement and petroleum loads.
The Tata LPS 4923 TC tractor has a Cummins engine and Eaton gear-box, and offers 25 per cent higher gradeability for use in tough terrains. The vehicle would be ideal for carrying steel coils, cement or over-dimensional cargo, company sources said.
The company also launched a 3118 truck which is India’s first multi-axle truck with a lift axle fitted with automatic load sensing value for optimum lift axle function.
The other products launched were 2516 Super Turbo multi-axle truck, 2518 tipper and 1618 tipper.
Thailand plant to begin production in mid-2008
Manufacturing activities at Thonbury Assembly Plant Company of Thailand, with which the Tatas have set up a joint venture some time ago, would begin around the middle of the next year, Telang informed.
The plant will make two vehicles – Xenon and SpaceCab – which will be versions built on the same platform meant to build products for composite use of goods and passengers, he said.
The initial production would be 25,000 units and the company could expand the numbers as and when necessary, he added.
Understanding Short Term Trading
Before I begin, this blog is not for intraday traders. My definition of short term implies duration of around 2 to 3 months.
Short Term stock picking is no rocket science, but rather a visual interpretation of technical charts. A basic moving average on a time frame chart will show the direction of the securities movement.
Moving averages is a mathematical results calculated by averaging a number of past data points. Moving averages (MA) in it's basic form is calculated by taking the arithmetic mean of a given set of values on a rolling window of timeframe. Once the value of MA has been calculated, they are plotted onto a chart and then connected to create a moving average line. Typical moving averages used for short term trading are 50 MA and 100 MA.
Types of Moving Averages
1) Simple Moving Average (SMA)
SMA is calculated by taking the arithmetic mean of a given set of values on a rolling window of timeframe. The usefulness of the SMA is limited because each point in the data series is weighted the same, regardless of where it occurs in the sequence. Critics argue that the most recent data is more significant than the older data and should have a greater influence on the final result.
2) Exponential Moving Average (EMA)
EMA overcomes the limits of SMA, where more weight is given to the recent prices in an attempt to make it more responsive to new information. When calculating the first point of the EMA, we may notice that there is no value available to use as the previous EMA. This small problem can be solved by starting the calculation with a simple moving average and continuing on with calculating the EMA.
The primary functions of a moving average is to identify trends and reversals, measure the strength of an asset's momentum and determine potential areas where an asset will find support or resistance. Moving averages are lagging indicator, which means they do not predict new trend, but confirm trends once they have been established.
A stock is deemed to be in an uptrend when the price is above a moving average and the average is sloping upward. Conversely, a trader will use a price below a downward sloping average to confirm a downtrend. Many traders will only consider holding a long position in an asset when the price is trading above a moving average.
In general, short-term momentum can be gauged by looking at moving averages that focus on time periods of 50 days or less. Looking at moving averages that are created with a period of 50 to 100 days is generally regarded as a good measure of medium-term momentum. Finally, any moving average that uses 100 days or more in the calculation can be used as a measure of long-term momentum.
Support, resistence and stoploss can be infered by referring the closet MA below or above the market price. The other factor that is used in short term momentum is the trading volume. The moving averages along with the trading volume can provide a better insight to short term movement.
Markets are moved by their largest participants - I believe this is the single most important principle in short-term trading. Accordingly, I track the presence of large traders by determining how much volume is in the market and how that compares to average. Because volume correlates very highly with volatility, the market's relative volume helps you determine the amount of movement likely at any given time frame--and it helps you handicap the odds of trending vs. remaining slow and range bound.
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