Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Tuesday, April 23, 2013

Market Mantra
Afternoon call to the Paid Group member and to those who are trading through my recommended brokerage house: MANAPPURAM FINANCE LTD  (BSE Code: 531213) hit the buyer freeze. The scrip is going to give good returns going forward. In these kinds of markets, I feel it would not be prudent to play on your own, intead it would be better if you allow an expert to trade on your behalf in your portfolio. Even if the loss is made it could be covered over a period. Open an account with my recommended brokerage house and get my support for your trading. 
Buy Future Retail Ltd (BSE Code: 523574) at Rs.148-149, T--Rs.161--162, in the short term. Since the CAD has come down, our government can go for a little bit of expansionary (mode) policies; this will help the companies in the retail sector. There were also some positive media reports on the company. Besides, FDI in retail, will increase the probably of M&A, in this sector. Hence, it is a strong buy at this price. CLICK HERE.
There are not so positive news in the short term in case of B F Utility Ltd. According to one of my friends who exited his holdings in the company said, "There is still no clarity on the part of the government regarding the hand over of the land required for the project". In such a scenario, it would be prudent to book profits at Rs.280--285 and shift to more safer Punj Lloyd Ltd at Rs.52.50--53 or IRB Infrastructure Ltd at Rs.116--117. However, those who have long term vision can keep holding with a strict stop at Rs.262. 
Now for today' market, the Nifty_spot should give a buying opportunity till it is above trend deciding point  at 5773, and which fortunately is still below the current Nifty_Spot rate of 5802, confirming bullish undertone. Hence any down move in Nifty will get supported around 5773 and is expected to offer a buying opportunity, of course with a stop loss of thirty to forty points down that point. However, the aggressive buyers can create some buy positions around 5800-5810 ranges, while the stress should made be to buy Nifty_Futures keeping the peg at around 5770--5773 (spot) ranges. On the upside, the first resistance stands at 5860 (spot) mark and if this is crossed, then the next resistance emerges at 5900 (spot) mark. Chartically speaking the Nifty still maintains a bullish undertone, though the oscillators are place a little higher up.
Resistance: 5860 / 5900 (Nifty_Spot)
Support: 5800 / 5770 (Nifty_Spot).
Those who want to speculate with micro-caps can try Sujana Metals Ltd (BSE Code: 513414) at Rs.2.14, for a target of Rs.5. There are some UNCONFIRMED reports of restructuring going on in the company. However, it is one of my old favorites and if you could remember, I recommended the scrip around Rs.17-18 in 2003-04, after which it crossed Rs.100. In the later stages too also, I recommended this scrip a number of times.