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" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also 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, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌



Thursday, May 09, 2013

Market Mantra
Brandhouse Retail Ltd hits the buyer freeze in the opening trade. This is the 4th consecutive buyer freeze, the stock hit, after it was recommended around Rs.2.20. 
HINDALCO Ltd recommended around Rs.103-103.50,  touched Rs.104. Fundamentally speaking, the shares of copper refiners are expected to trade firm in the coming days, on expectations of better realizations. The continuance of the economic stimulus in the US and the moves by the RBI raised investor confidence over growth of industrial metals demand.
Yesterday, an intraday profit booking dragged down Nifty to 6025 but it soon recovered and moved to 6086 to close at 6069 with a gain of 26 points. It was a dull trading session and last hour of trade saw increased activities. Outlook for the future remains positive backed by strong global cues--overcoming the resistance of Nifty_Spot placed at 6000 with ease after a small correction itself shows the underlying strength of the market. Nifty has again resumed an upward journey, after taking double intraday support at 5930. Thus, long positions now should be kept with a trailing stop of 5900 (Nifty_Spot)..
Resistance: 6110 / 6150 (Nifty_Spot)
Support: 6025 / 6000  (Nifty_Spot)
ASIA: Indices rallied for the fourth session tracking firm US markets and on strong earnings from index heavyweights Toyota Motor Corp and Mitsui & Co.
US: S&P 500 index ended at a record high for the fifth straight session on the back of strong Jan-Mar earnings from companies.
Fundamentally speaking the stock indices are seen extending gains in line with global equities, but profit booking may set in as Nifty inches closer to XXXX (this portion is for the Paid Service Members). Nifty_Spot is now trading at 6043, however it is expected move up in the next few trading sessions. 

My recommended Jai Corp Ltd touched Rs.68.70 intra-day, on the back of strong Q4FY13 earnings. The net profit of the company jumped 80.3% to Rs.18.30 crore on 10.8% decline in net sales to Rs.161.71 crore in Q4 March 2013 over Q4 March 2012. The stock had outperformed the market over the past one month till 8 May 2013, jumping 15.1% compared with the Sensex's 8.42% surge. Jai Corp's board of directors at a meeting held on Wednesday, 8 May 2013, recommended dividend of 50 paise per share for FY 2013. Jai Corp was incorporated in 1985. It has traditionally been into manufacturing businesses like steel, plastic processing and spinning yarn. Apart from expansion of its plastic processing business, it is now focusing and investing in emerging opportunities like developing SEZs, infrastructure, venture capital and real estate. CMP: Rs.66.90.