World Markets Simplified

Update 1: Short Positions covered Nifty at 4860 ( Spot )


US markets rebounded from a 2012 lows as some technical bounce and supportive actions from Europe about Greece calmed the market nerves. Vix index has tumbled more than 10 %. The uptrend is not convincing yet as it was just a bounce from oversold positions. How the week will span out, we have to watch out for Greek Exit Headlines for that.

Nifty Trading Tips & Outlook Today

Yesterday we have recommended Sell on rise strategy on Nifty. Nifty has retreated from day high and closed flat. the bounce that is expected but it will be used to create short positions. We Continue our recommendation to Sell on Rise on Nifty and until it crosses 5000 and closes above it. Short positions may be created around 4970 or 4980 levels ( Spot ).

See out Previous Recommendation Here

Everyme attracted nearly half a million users in their first month of operation. Here's why they jumped to the web and Android so quickly--and why Facebook's success is good news for other social networking services.

Everyme, a heavily funded social networking service, made it big last week when they unveiled web and Android versions of their previously iPhone-only app. The social networking service restricts itself to users' friends and families, and has a series of sophisticated algorithms that automatically determine how contacts know Everyme users. Everyme isn't just high-tech: It's also an early peak at the post-Facebook future of specialized social networks.

The California-based social networking service's secret source is a series of algorithms that go through a user's phonebook/contact list and automatically sort contacts into coworkers, family members, friends, neighbors, work contacts and other sublists--with a surprisingly high success rate. In a phone conversation with Fast Company, CEO Oliver Cameron explained that the algorithms were designed to understand the relationships between end users and their contacts. More importantly, Everyme was only able to provide their service with the advent of cloud computing--by using Amazon Web Services (AWS), the company was able to get the computer brainpower their sophisticated algorithms require.

Everyme, of course, is well funded and has prominent backers. The Y Combinator graduate recently raised $1.5 million in seed funding from a team of Silicon Valley A-listers including Andreessen-Horowitz, Crunchfund, and Greylock Partners. Since launching in April 2012, Everyme has attracted over 400,000 users--a staggering growth rate. Everyme's backers hope that the company will continue to attract similar numbers of new users over the next few months.

Social networking in 2012 is an odd game. The old Facebook-MySpace-Friendster (remember those?) wars are over and Mark Zuckerberg's creation is the Internet's de facto user directory in much of the world. Facebook attempts to be all things to all people. But while Facebook is ubiquitous, it also fails at niches. Spotify unites music lovers. Path caters to close circles of friends. Foodspotting caters to foodies. Goodreads is for readers. Instagram's for photo geeks. The list goes on and on--with the notable exception of LinkedIn, Twitter, and Tumblr, the only three truly successful non-Facebook social networking sites that exist in private ecosystems.

Like Spotify, Foodspotting, Goodreads, and Instagram, Everyme is also integrated with Facebook. Users can share Facebook status updates with circles of contacts via Everyme. Interestingly, Everyme has no option at all for public sharing: All content posted through the service goes directly to restricted circles of contacts.

Everyme's default social circles include Family, Friends, Co-workers, and “Sweethearts.” Users can easily customize social circles and all content is self-contained; stories, photos, and files posted to Everyme cannot be republished on sites like Facebook. However, Everyme does allow users to share content from Facebook, Instagram, and others on their site.

Ironically, Facebook's popularity makes it possible for other social networking sites to flourish. Facebook's Achilles heel is their awful mobile product, which makes it possible for smartphone-centric services like Everyme, Path, and Instagram to thrive (and, ironically, competitor Google+). More importantly, Facebook offers a massive list of services it provides to users. Most of these services work well, but none of them work great. This leaves space for more specialized social networking services to operate and, of course, make a profit. And if Everyme doesn't work, hey, at least users will still have one heck of an address book organizer.

• Let the Dealmaking for AstraZeneca PLC (AZN) Begin! More...

Hey Facebook, Google Is Still The Most Talked-About IPO In Internet History.
Facebook may be Wall Street's new favorite water cooler topic since its historic IPO last Friday, but Google still ranks as the most talked-about IPO in Internet history, according to HighBeam Research. The research firm calculated the number of media mentions garnered by the Internet companies with the largest IPOs. From largest to smallest in dollar amounts, that list looks like this: Facebook, Google, Zynga, Groupon, LinkedIn. But in terms of most to fewest media mentions, that list looks more like: Google, Facebook, Groupon, Zynga, LinkedIn. Which is all to say Wall Street goes where the media tells it to: Google, currently valued at more than $200 billion, remains by far the most valuable company on the list.

Microsoft Quietly Debuts New Social Network, So.cl
Via Techdows: Microsoft launched its own under-the-radar social network over the weekend. So.cl, pronounced "social," [Ed note: Nuh-uh!] is a topics-based social network from Microsoft's FUSE research group, originally designed to be an academic resource for students and now open to everyone through either a Facebook or Windows Live account. More Google+ than Facebook, So.cl lets users surface and aggregate multimedia content into a single post that they can share with others. So.cl also provides users a slew of fairly standard social features, including sharing and re-sharing features and commenting on posts. The network's "video party" feature combines videos with a chat feature so users can watch and discuss together. So.cl is what Microsoft describes as "an experiment in open search," meaning searches on the network can be viewed by other users and third parties.

Greece Orders Blocking Of Music Piracy Sites
Greece's courts have just ordered the nation's ISPs to block a short list of websites that it says are contributing to music piracy. Strangely, the sites targeted by the ruling don't seem as piratical as, say, the Pirate Bay (which remains uncensored) because it includes low-cost Russian MP3 site Music-Bazaar.com and Ellinadiko.com, a site that ITProPortal notes has "recently disappeared," rendering the Greek court's decisions somewhat irrelevant. The moves come in the wake of yet another recent study that suggests music pirates/sharers actually boost music sales through legitimate channels.

Foxconn Spending $210 Million on New Apple Production Facility In China
China Daily reports that electronics manufacturer Foxconn is going to invest some $210 million to build a wholly new production facility in October in East China's Jiangsu province. According to officials from Huai'an city, where the plant will be, it's specifically for Apple products. The facility is said to be 40,000 square meters in size and will employ around 36,000 staff making products that equate to an output value of up to 7 billion yuan ($1.1 billion). This comes after an April announcement that Foxconn plans a new Apple facility in Hainan, south China, and suggests Foxconn is both dedicating more of its efforts solely toward its customer Apple, and also that it's building factories in the remote provinces where staff for its mainland China efforts often migrate from.

Europe Proposes Antitrust Settlement To Google, Gives Just Weeks To Comply
The European Union has been investigating Google's actions as an alleged monopoly in search engines online, centering on how Google's algorithms seem to place greater emphasis on its own services than rivals's results when they're relevant to a user's search query. Competition regulators have now written to Google outlining their specific areas of concern, and have given Google "some weeks" to enact changes that fully address the EU's worries--at which point it can then move on to a discussion of a settlement. Otherwise Google may be persued with a full lawsuit and ultimately be landed with a punitive fine. The EU was among the first bodies to criticise Intel over its browser monopoly, and handed out a $1.4 billion fine...it also recently fined a cartel of LCD makers close to a billion dollars for price fixing.

Microsoft has silently launched its social network So.Cl, which has been in private beta since December 2011. The site is now out of beta and is available to all users.

So.cl, pronounced "social", is an experimental research project, developed by Microsoft's FUSE Labs, focused on exploring the possibilities of social search for the purpose of learning.

So.cl combines social networking and search, to help people find and share interesting web pages in the way students do when they work together. To encourage interaction and collaboration, So.cl provides rich media sharing, and real time sharing of videos via "video parties."

"We expect students to continue using products such as Facebook, Twitter, LinkedIn and other existing social networks, as well as Bing, Google and other search tools," said Microsoft in its FAQ section, adding, "We hope to encourage students to reimagine how our everyday communication and learning tools can be improved, by researching, learning and sharing in their everyday lives."

By default, searches in So.cl are shared publicly. Your searches on So.cl are viewable by other So.cl users and will also be available to third parties. And, the So.cl search experience is powered by Bing.

"In its December 2011 report, Microsoft asserted the site is not meant to compete with Facebook or search engines, but to allow students to share materials for academic purposes," as reported by Mashable.

Users can log in with Facebook or Microsoft Live accounts.

eFuture Information technologies Inc

eFuture Information technologies Inc ( NASDAQ: EFUT ) stock jumped more than 45 % (at $ 5.80 )as company has announced an agreement with Nestle Water to provide cloud service. Stock may gain further during the day and one might consider trade at current levels for more gain.

 

Nasdaq OMX Group Inc. (NASDAQ), under scrutiny after shares of Facebook Inc. were plagued by delays and mishandled orders on its first day of trading, blamed “poor design” in the software it uses for driving auctions in initial public offerings. But delay in the trading would have changed the trading range of Facebook Shares? Did it make new high and traded above $45 or $ 50? Today stock has slipped below its offering price in premarket, and might trade lower.

Computer systems used to establish the opening price were overwhelmed by order cancellations and updates during the “biggest IPO cross in the history of mankind," Nasdaq Chief Executive Officer Robert Greifeld said yesterday in a conference call with reporters. Nasdaq’s systems fell into a “loop” that prevented the second-largest U.S. stock venue operator from opening the shares on schedule following the $16 billion deal, he said.

While the errors were resolved and Facebook completed its offering, the day was another setback for equity exchanges trying to erase the memory of the botched IPO in March by Bats Global Markets Inc., another bourse owner. Nasdaq’s issues contributed to disappointment among investors asFacebook (FB)’s stock closed up 0.6 percent after rising 18 percent earlier.

“It’s amazing that both Bats and Nasdaq unfortunately failed in an inglorious way,” William Karsh, the former chief operating officer at Direct Edge Holdings LLC, an exchange operator that competes with Nasdaq, said in a telephone interview yesterday. “It proves that technology isn’t infallible. There are so many moving parts that things can go wrong. That’s the lesson we learn.”

The U.S. Securities and Exchange Commission said it will review the trading. Jonathan Thaw, a spokesman for Menlo Park, California-based Facebook, declined to comment.
‘Not Our Finest’

“This was not our finest hour,” Greifeld said, one day after Nasdaq’s board convened to discuss the offering. Asked if his job is secure, he said, “I certainly hope so.”

Nasdaq will use an “accommodation pool” to pay back investors that should have received executions in the opening auction, based on the decisions of a third-party reviewer, Greifeld said. It may total $13 million, he said.

Problems surfaced on May 18 at 11:11 a.m. New York time after Morgan Stanley (MS), one of the underwriters that sold 421 million shares the night before, completed its role setting the price for the trade in Nasdaq’s opening auction, Greifeld said. Nasdaq’s software for IPOs allows investors to cancel or update details of orders until the auction runs. Trade requests received during the 5 milliseconds it took to operate the auction disturbed the process, leading to an imbalance of buys and sells and sending the program into a loop.
Manual Intervention

Nasdaq officials manually intervened to allow the auction to occur at 11:30 a.m. The IPO software “didn’t work” even after thousands of hours of testing for “a hundred scenarios” aimed at anticipating problems, Greifeld said. “We’re not happy with our performance,” he said on the call yesterday.

Volume during the auction amounted to 75.7 million shares, or almost 1 percent of trading during the entire day on all U.S. exchanges, according to data compiled by Bloomberg.

“We saw on a real-time basis, obviously with the pressure of the world upon us, that this was happening,” Greifeld said. “We then manually intercepted this cross,” he said. “That manual intervention said we had to ignore the cancels that came in between the raindrops as we were processing the trade.”

Nasdaq wound up with 5,000 shares of Facebook because of its intervention, Greifeld said. A broker was used to sell the stock that had been placed in the exchange’s so-called error account for $10 million. Greifeld said he would ask the SEC for permission to add the money to the $3 million available from the exchange, according to its rules, to repay investors that should have received trades.
Some Dispute

Orders totaling 30 million shares were submitted into the opening auction between 11:11 a.m. and 11:30 a.m., Greifeld said. About half of them may involve “some level of dispute,” he said. Greifeld said he didn’t think the delay in starting trading affected the price of Facebook shares.

Adding to the day’s confusion, Nasdaq reported an issue after trading began with confirming transactions from the opening auction with the brokerages that placed them. The exchange said in a statement posted to its website at 11:59 a.m. New York time that it was having a problem delivering the messages. An update at about 1:57 p.m. said they had been sent.

“When you have a complex market system that gets overwhelmed, it fails in bizarre ways,” James Angel, a finance professor at Georgetown University in Washington, said in a phone interview on May 18. “If you don’t know whether you got filled, you don’t know your position. If you’re buying you might buy more shares and then suddenly you’ve got twice as many shares as you wanted. It makes it hard to do your risk management and hard for brokers to know how much credit to extend to customers.”
$42 at Auction

Facebook advanced 23 cents to $38.23 after surging as high as $45. It fell as low as the IPO price of $38, which valued the company at $104.2 billion. More than 43 million shares were executed at that level, the second-most changing hands at any price except for $42, the opening auction price, data compiled by Bloomberg show.

Underwriters purchased shares to keep them from falling below $38, people with knowledge of the matter said. The bankers supported the stock amid Nasdaq’s difficulties delivering trade execution messages, said one of the people, who asked not to be identified because the transactions are private.

Facebook was originally scheduled to open at 11 a.m. At about 11:07 a.m., a Nasdaq official told market participants on a conference call that the exchange was delaying the opening. Aside from assurances that an update was coming, the phone line went silent until just before the first trade at about 11:30 a.m., according to two people who were on the call and asked not to be identified because the discussions were private.
Ignoring Requests

Buy and sell requests that should have been filled in the opening auction, based on the exchange’s rules, weren’t, while cancellations for other trade requests were ignored, they said. Their employers plan to appeal some of the results they received for orders sent to Nasdaq.

Nasdaq began experiencing problems with its bid and offer quotes after the opening auction trade. By 11:31 a.m., the exchange’s highest bid, or price at which market participants were willing to purchase shares, was $42.99, and its lowest offer to sell was $42.50, according to data compiled by Bloomberg. The quotes produced a so-called crossed market, where sellers appear to be asking less than buyers are willing to pay.

Other markets continued trading, usually with a difference of a few cents between their best bid and lowest offer. Nasdaq’s quotes were marked as manual and not electronically accessible, which allowed brokers and other exchanges to ignore the venue’s prices. Its offer price later dropped to $38.01 and remained at that level, almost $4 below the highest bid, until 1:49 p.m., according to data compiled by Bloomberg.
‘Don’t Like’

“Clearly investors would hit the ‘don’t like’ button,” Matt McCormick, who helps oversee $6.2 billion at Bahl & Gaynor Inc. in Cincinnati, said in a telephone interview.

The IPO price valued the company at 107 times trailing 12- month earnings, more than all Standard & Poor’s 500 Index stocks except Amazon.com Inc. and Equity Residential. The valuation also made Facebook, co-founded in 2004 by a then-teenage Mark Zuckerberg, the largest company to go public in the U.S.

Customers of London-based Fidessa Group Plc, which helps asset managers track transactions, weren’t receiving confirmation of Facebook trades, according to an e-mailed statement. Michael Cianfrocca, a spokesman for Charles Schwab Corp. in San Francisco, wrote in an e-mail: “There are currently industrywide delays in reporting trade executions. These issues do not appear to be unique to Schwab.”
TD Ameritrade

Uncertainty about whether orders received executions in the opening auction affected some clients of online broker TD Ameritrade Holding Corp., according to Steve Quirk, senior vice president of the trader group at the Omaha, Nebraska-based company. Facebook accounted for 22 percent of equities volume at the firm, he said by e-mail.

Clearing broker Pershing LLC told clients yesterday it worked through the weekend to address processing delays for purchases and sales of Facebook shares. The unit of Bank of New York Mellon Corp. expects to deliver trade information to customers’ account by around 7 a.m. on May 21, the broker said in the message.

Nasdaq shares fell 4.4 percent, the most since October, to $21.99 on May 18 following the problems with the IPO. NYSE Euronext (NYX), its larger rival, rose 0.3 percent to $24.61.

Facebook shares traded 582.5 million times on May 18, or about 6.6 percent of total volume on U.S. exchanges, according to data compiled by Bloomberg.

“I don’t think you’ll see a long-term downturn of volume on Nasdaq,” Karsh said. “Nasdaq will pick up a couple percentage points because it’s the primary listing venue for Facebook.”

Friday US stock markets slipped in to red and closed at day low. S&P slipped below 1300. Overhyped Facebook IPO wasn't helped markets to find a reason for rally. Also, the meeting of G-8 nations over the weekend gave an indication that they prefer to stay in Euro, but practically it seems not to be possible without euro funding. Over all markets set for another leg down, before we see a technical bounce as Greece uncertainty holds a key and might not resolved soon. Volatility Index spiked to 25 and until it stays above 21, one should conclude a negative trend in Equities and sell on every bounce.

Nifty Trading Tips & Outlook Today


On the Nifty, trend is definitely down due to US markets and Europe contagion fears about finance institutions. One should try to sell Nifty on every rise ( around 4960 or 5000 spot ), aggressive traders might take early call before those levels, but Sell on Rise will be the strategy until major development in Europe that turnaround the things.

Check out our previous recommendation here