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.

Thursday, June 13, 2013

After Market Opening Chart Check
Yesterday, in In line with expectation, weakness persisted though  the level of 5730-5760 provided support. A gap down opening is seen today in the morning amid weak global markets. Market has given a breakdown below 5870 after moving between 5980 and 5870 for four trading sessions. Long positions theoretically should hnce, be avoided, u nless some conditions are fulfilled. Now, from the trading pattern of morning, it seems that the level of 5720-5740 is likely to hold out at the end of the day, as the area provides strong support; though presently it is broken intra-day.
In case of Nifty_Future traders for Thursday, June 13, 2013, the trend deciding point works out at 5736, which is broken for the moment on the downside. The the third weekly support stands at 5714 mark. Hence any fall towards the band of 5736-5714 should ideally have been used as a buying opportunity with a stop loss of thirty to forty points below this level (SL still not broken).  But unfortunately this level has been broken intraday/ Therefore, The Nifty_Future Traders can only think of buying, if and only if, the Nifty_Futures moves above 5714 intra-day. Till then long positions are strict no no. Nifty_Spot is now at 5694. On the ascent, the first resistance will emerge at 5826 mark. If there is sustained buying at this level, then Nifty is expected to move towards 5872 mark.  The Correction seems to be coming to an end, a tempory bottom can be expected by today's closing trade.
Resistance: 5740 / 5795 (Nifty_Spot)
Support: 5692 / 5650 (NIfty_Spot)
Asian market’s key indices declined today in the morning tracking the fall in US, EU markets last day as investors are worried about the possibility of central banks across the globe cutting back on stimulus measures.
The IIP data for Apr-13 came as a negative surprise, which was reported as 2%, lower than against the estimates of 3%, dragged down by consumer durables growth. However, the upward revision of the Mar-13 provisional data to 3.4% (vs earlier fig of 2.5%) provided some relief. The combined CPI data for May-13 came at 9.31%, though marginally lower than previous figure, it was higher than estimates. The widely tracked WPI Inflation data for May-13 is due on Friday. The Fitch upgraded of India’s outlook to Stable from Negative, while affirming the rating at BBB-. However, this is unlikely to provide any major relief to the market amid global uncertainties. The World Bank has cut its 2013 global economy growth to 2.2% vs 2.4% seen in Jan-13.
Fundamentally speaking, today, the domestic market Indices are seen trading with a negative bias, though the correction seems to be overdone, as the FMO is likely to announce a slew of measures to stem the fall of the INR Vs USD.
Today's call buy IVRCL Ltd at Rs.15.70, T--Rs.19, SL--Rs.15 (exit). After such scintillating results, this sort of break down, is overdone and the scrip should recover. The govt may soon allow PSU infrastructure lending companies to issue overseas bonds for raising capital for long-term infrastructure financing. This is expected to help many of cash strapped companies in this sector, like IVRCL Ltd (Rs.15.60), HCC Ltd (Rs.11.19), NCC Ltd (Rs.28.70) etc.