India Short Term Call

Short Term trading is about trading in the direction of the market trend. Put simply: Buy when the main trend is UP and Sell when the trend is Down. This is based on technical analysis. A basic moving average on a time frame chart will show the direction of the securities movement. This is not rocket science; it's basic visual realization.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. - Warren Buffet

Saturday, January 19, 2008

ICICI Bank Q3 net up 35%, I-Sec IPO gets nod

ICICI Bank today reported a 35% increase in net profit at Rs 1,230 crore for the third quarter ended December 31, 2007 when compared with Rs 910 crore in Q3FY07.

Total income increased 36% to Rs 10,338 crore from Rs 7,581 crore in Q3FY07.

The board today approved a proposal for the initial public offering (IPO) of ICICI Securities, and private placement of shares to one or more institutional investors.

India Short Term Call

Saturday, January 19, 2008

ICICI Bank Q3 net up 35%, I-Sec IPO gets nod

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