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.

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.  
  • 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.