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.

Friday, April 26, 2013

Market Mantra
Maintaining its upward trend the Nifty closed with a gain of 79 points yesterday. A gap up opening was  followed by sustained buying, which took the Nifty to a high of 5924 before closing at 5916.
Nifty has settled 234 points higher in April contract expiry. It seems that intermediate correction that started in February has come to an end and uptrend has resumed. The bulls are very active and it appears that this rally will continue, albeit with bouts of profit booking, which in any case is healthy.
In case of Nifty_Futures, the crucial level is  5860 (Futures). Thus any fall in Nifty_Futures towards the mark of 5860 will offer a buying opportunity with a stop loss of thirty to forty points on the downside. On ascent, the Nifty_Futures will face a resistance at 5960. If the momentum is strong enough, then the next resistance will emerge at 6000 (Futures). Nifty_Spot is now trading at 5885. Every dip is a buying opportunity as there are no negative in the markets.
Resistance: 5950 / 5970 (Spot)
Support: 5860 / 5845(Spot)
Most key Asian markets were trading in positive territory tracking gains in US stocks, with Japan's Nikkei trading flat as investors awaited the outcome of BOJ's meeting later today.
US equities ended higher on Thursday on the back of strong quarterly earnings from companies and a larger-than-expected fall in weekly jobless claims.
Tulip Telecom Ltd hit another buyer freeze as expected. The scrip is locked at the upper circuits at Rs.18.65 on the BSE.
Accumulate Reliance Mediaworks Ltd (formerly Adlabs Films) at Rs.51.50--52, for a target of Rs.59--60, in the short term. It is an Anil Ambani group of company, and there were reports in a section of the media, that there could another tie up between the two brothers.  Also, a few weeks back there were media reports that, the company has  appointed George Murphy, as Chief Creative Officer (CCO). According to media reports, he will be responsible to lead the cross country delivery models of Reliance MediaWorks Ltd in USA, India and UK. Prior to joining Reliance MediaWorks, Murphy founded FirstHand Pictures and is a well known Visual Effects Supervisor and photographer. Some of his work includes VFX in movies like Jurassic Park, Planet of the Apes, Forrest Gump, King Kong, Starship Troopers, and The Matrix: Reloaded & Revolutions. He has also worked with Weta Digital, Electronics Arts, ECS Entertainment, Industrial light & Magic, and Positive Video.
Those who want to do some speculation can go for Sujana Metal Products Ltd (BSE Code: 513414) at Rs.2-2.10. The company as mentioned earlier is entering into CDR scheme. 
Vijaya Bank Ltd will declare results today. The scrip has not participated in the rally, though there is not anything in the charts, but I feel this stock which never participated in this rally in a full fledged way should do well in the short term, as the RBI goes for another round of Repo cut in the 1st week of May, 2013. Therefore, my suggestion would be to buy the scrip at Rs.51.50--52, T--Rs.57--58, SL--Rs.47.
Crest Animation Studios Ltd, hit another buyer freeze in the mid-morning trade. The scrip is locked at the Upper Circuit at Rs.7.94. 
Gold is up even today and hence the gold loan companies are expected to perform well in the bourses. While, Manappuram Finance Ltd is now trading at Rs.17.95 and Muthoot Finance Ltd is also trading with some gains at Rs.131.65. This gold rush is expected to continue as now ETFs, which were selling has started to buy gold. 
Meanwhile, Sarda Energy and Power Ltd today again touched its first short term target of Rs.117, as the scrip kissed Rs.118 in the process. Yesterday, it touched both the targets intra-day.