Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" in the hands of "UP ka Beta", will invariably bring Shame to the Biharis and Jharkhandis. So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar. This might also probaly correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar...



Monday, April 08, 2013

Market Mantra
As expected Tulip Telecom Ltd hit the buyer freeze in the late afternoon trade. After such a positive news, the stock cannot but hit the buyer freeze. Now those who have invested in the scrip watch non--stop upper circuits in the next few trading sessions. Also after Tulip Telecom Ltd try to buy Reliance Broadcast Network Ltd at Rs.25.30 and Geodesic Ltd at Rs.10.20--both the scrips are expected to hit the buyer freeze in the coming days. 
Buy Nifty Futures at 5560, T--5600, SL--5530. The Nifty have become oversold and is finding support at current level (5550-5530 band), unless breaks down decisively, chances of a rally cannot be ruled out. 
Resistance: 5575 / 5600
Support: 5530 / 5500
Key Asian markets were subdued in early trade today, but a report that the Bank of  Japan would implement its bond buying plan to tackle deflation this week helped the Nikkei rise 2%.
US stock indices ended down Friday but dramatically recovered at the end of late trade. 
Fundamentally speaking, the indices are likely to trade range bound but action would be more or less stock-specific. With Infosys Tech coming up with results on 12th April, 2013, we could see some positive developments in the IT counters.
Southern Online Bio Tech Ltd hit the buyer freeze in the opening trade. But still there is time for the new plant to start commercial productions. Please use these kinds of opportunities to book at least some profits in the counter. It is because once the stock starts hitting lower circuits you cannot exit. CMP: Rs.6.21. 
The sugar stocks should do well after partial decontrol of the sector. Today, I got a recommendation from a brokerage house to buy Bajaj Hindustan at Rs.21, T--Rs.30 and SL--Rs.18. Even other of my recommended counters like Shree Renuka Sugars Ltd (CMP: Rs.25), Dharani Sugar Ltd (CMP: Rs.31), etc, should continue to do well in the next few trading sessions.