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.....👍✌



Monday, May 20, 2013

Market Mantra
The Nifty continued with its uptrend and closed with a gain of 17 points on Friday. Market traded within a range of 25 points between 6150 and 6175 almost for entire day. However, last hour buying took it to a high of 6200 and finally it settled at 6187, making a gain of 80 points in the last week and 723 points from the low of 5477 within 5 weeks time. This clearly shows massive strength of Bulls, as FIIs pour in funds. A clear rise above 6100 now sets a target to 6300-6350. The longs should be held, for the spot Nifty targets mentioned above. The Nifty_Spot is now at 6206, just below the immediate resistance at 6220.
Resistance: 6220 / 6280
Support: 6170 / 6150
Asian indices rose as positive economic data from the US led to confidence in global economic recovery.
The US equities touched record highs on Friday on better-than-expected economic data.
Fundamentally speaking, the Share indices which opened a gap up tracking positive overseas markets and on bullish sentiments after indices closed at 28-month highs on Friday, should maintain their momentum in the view of an expected CRR cut by the RBI.  
 Positives:
  • Power:  Govt says 10 states opt for recast of power distribution companies' loans. Power ministry seeks reduction in import duty on all forms of coal used for power generation to 1% from 4% at present.  Good for Sarda Energy and Minerals Ltd (Rs.11.50) , Reliance Power Ltd (Rs.82.45), etc. 
  • MONSOON: Southwest monsoon set over some parts of south Bay of Bengal and Andaman Sea. May advance to some more parts of the regions during next 2-3 days.  
Today's call: Buy Kalindee Rail Nirman Ltd at Rs.50, T--Rs.59, SL--Rs.47. With new Railway minister coming and the government deciding to plug the loopholes, the railway related beaten down shares are expected to do well.  
Globus Spirits Ltd (BSE Code: 53104, CMP: Rs.102), is coming up with results today.  I have take some for some of my clients, just on speculation, with a Shot term target of Rs.111-112. This is a pure speculation call and hence non--risk taking investors could avoid the counter.
A Mumbai based Financial Weekly writes: " Sensex may hit an all time high in some days from now. But look at the mid cap index, which is 50% of the 2008 high and the small cap which is 45% of the 2008 high.“Wah re teji, tera jawaab nahin". Though this is presented in a satirical sense, but it indirectly means there is lot of room to play in the small and mid cap space and make tons of money. 
Have you all forgotten the name of Eros International Media Ltd (BSE Code: 53261), which is still available at Rs.164.30; buy it for the medium to long term (6-9 months), for a target above Rs.200. 
Those who love to do a bit of speculation can try Globus Spirits Ltd (BSE Code: 533104) at Rs.102, T>Rs.111-112, SL<Rs.99. The company is coming up with Q4FY13 results today (20th May, 2013). 
Today, IRB Infrastructure Ltd reached its first target of Rs.132, after it touched Rs.135 intra-day. Sarda Energy and Minerals Ltd crossed Rs.112, today. 
Buy Central bank at Rs.70, for a target of Rs.91-92, in the next few trading sessions. The company came out with scintillating numbers for the Q4FY13. CLICK HERE.