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.....👍✌



Friday, May 03, 2013

Market Mantra
Morning Call on Punj Lloyd Ltd at Rs.52.50,and is now trading at Rs.53.50 and would be slowly move higher. Any repo rate cut is positive for the construction and banking space, though much of it is sentimental.
Those who want to do a bit of speculation can try AANJANEYA LIFECARE LTD (BSE Code: 533412) at the lower circuits at Rs.86.20, with  a SL at Rs.82 (Sell). The punters are expecting the stock to hit upper circuits in the coming days, as it fell from Rs.850.70 and further downside is limited. Aanjaneya Lifecare Ltd is the world's third-largest manufacturer of quinine products (APIs) and the second-largest in India (capacity 500 MTPA). More than 50% of its quinine salt production capacity is usually booked by its customers at the start of any year. In the same vein, they could do a bit of speculation in Brandhouse Retails Ltd (BSE Code: 533059) at Rs.2.30, for a target of Rs.4-5. But do exit the scrip, below Rs.2. 
METAL: India plans to impose safeguard duties on some iron and steel pipes, tubes and profiles to protect domestic producers from imports from China and Italy. This is going to have positive effect on the companies in this space. Sterlite Industries Ltd  (CMP: Rs.97) is already moving up, Sarada Energy and Mineral Ltd is already going great today, CMP: Rs.108. 
Tulip Telecom Ltd (Rs.22.60) hits another buyer freeze in the opening trade. Those who have taken my call and have invested must be feeling great. 
RBI has clearly indicated the use of OMOs to increase the liquidity in the system. The RBI's decision of not going for a CRR cut immediately ignoring to the clamours of some bankers probably, is wise, as this could have given sudden gush of liquidity in the system, increasing the threat of retail inflation spiking up (core inflation and WPI are more or less in check). Bottomline: Our "Ustad"  perhaps delivered the right drug this time though his prescription for future looks a bit conservative and bitter. However, his term ends in this September, 2013 and hence his forward looking statement might not carry much meaning for the markets. The action by the RBI is widely believed to keep in check higher inflation expectations and the inflation could follow the same trajectory with a downward bias. The liquidity is expected to remain moderate in the system, with RBI hand coming often.....The growth would continue as the government is taking various measures to lift the sagging economy. The current policy action is expected to have neutral effect on the markets. The Nifty_Spot which is now ruling at 5960, is expected to move up from here and would make a dash towards the next target of 6040 (Spot).