Prerequisites for Wealth creation
The most difficult task for any individual today is to choose the right path to fulfill his goals with the availability of end number of instruments; a layman could be over a fix over where to invest and at what time and in which segment?
Investing in a market could be a tedious task but understanding its functioning and behavior could reap tremendous benefits also. The foremost trait and must eligibility to create wealth is the habit and discipline.As said habits and disciplines makes a man and the same holds true for financial planning.
A) Habits: Most of us do not believe in the habit of regular saving as for the young people they believe in expending only but the off late debacle in 2008 has given ample lessons of value investing.
B) Discipline: Since expenses cannot be stopped and life has to move on in order to tackle this, one should have a pool of wealth, which cannot grow until it is not multiplied or earned. To take on liabilities which would arise over a period of time one should have a financial plan and assets which could offset the inflation and expenses over a period of time.
C) Assets: Assets could be in the form of land, property, liquid cash, deposits, shares, mutual funds etc. Acquiring assets is a critical task and one should have the right guidance and wisdom for the same otherwise the strategy could back fire.
D) Goals: One must have a long term and short term goals in written it helps in devising strategies and working in the right direction.
E) Plans: A tedious task is to plan out the investment and make a roadmap for achieving the same. Planning helps in assessing the overall information beforehand and provides an edge for any unforeseen situations.
F) Review: A yearly and a short term review are utmost in order to achieve a goal. One has to assess whether he is going in the right direction or not. If it is otherwise never wait for more, try shifting to the profitable instruments or ventures as nothing is certain today. One has to be vigilant always. Since it is a self goal so don’t depend on others for every action.
G) Financial Guidance: Information today is available everywhere so one could find anything he intends to dos so, if there is a problem in understanding the complete aspects one could take a help of certified financial planners. Beware of an agent who for hefty commissions lures customers.
H) Common sense: The most critical is common sense which is not common at all. Everyone who guides you to something has a vested interest in it so always be extra vigilant while taking advises. Most of the questions are answered on its own if one tries to dig out something. If anyone luring someone it clearly suggests something terrible.
I) Over dependence: We all know knowledge is the key so why take chances, cultivate the habit of acquiring it. Don’t depend on anyone –since it is your money-in the end you can’t blame anyone. knowledge if applicable never fails anyone, a systematic approach towards investing in a disciplined manner can lead s to wonders

Market Insight

A strong pull back in the US market off late and a green range all trough the world has helped nifty ti open up today.Well on the eve of expiry some shorts may be covered but trend remains questionable.
It would be interesting to see whether nifty would be able to cross 4900-4930-4950 with increased volumes.Expiry would consider some short cover and it would be interesting to see the pullback.

Nifty will open higher and later rise during the day .Support for the day is 4830-4800.

There could be a buying interest in realty and banks for the day.

Market Slipped

Nifty had a deep cut in today's session and a relentless selling in the bourses across the indices in all corners of the world drifted nifty to its Feb 2010 's low and nifty witnessed 4790 levels which are suggesting a difficult times ahead.

Metals,banks,Realty all were hit today though metal was the worst.The downfall had been witnessed with a major volume which has crossed 1.5 lac crore-assumed 2 nd highest turnover so far which further suggests pain.

Buying at these levels could be an uphill task as nifty has shown no sign of strengths.
A gap down opening could be expected tomorrow which could be a crucial test of nifty as bears may take it on the way down to 4650