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, June 24, 2013

Market Mantra
It seems from the morning trade the Nifty_Future is holding steadily above 5590 mark, which gives some confidence to the BULLS. Buy Nifty_Futures 5595, T--5700 (June Expiry), SL--5500. Fundamentally speaking there are few positive news too, which is expected to drive the Nifty up in the coming days: 
(i) GOLD: Finance ministry increased duty drawback benefit for gold jewellery exporters. This will help shore up in INR.
(ii) BANKING: RBI has lowered the risk weight and standard asset provisioning requirements for loans to residential housing projects. This is positive both for the Banking and Housing (Real Estate) Sector.
(iii) RUPEE: RBI is set to further ease India Inc's access to ECBs to arrest the
currency's decline. Positive for the INR.
(iv) ONGC: Has commissioned the first unit of the region's single largest 363 MW gas fired thermal project at Palatana in Tripura.
(v) Crude Price: The Fall in the crude price in the international market is positive for the INR.
(vi) Information Technology (IT): According to Cogencis data, the rupee has depreciated around 5% against the dollar so far this month. Following the sharp fall in the rupee against the dollar, Infosys in a statement said it sees a "very high" chance of the Indian currency remaining above 60 rupees per dollar in the near‐term, on the back of global and domestic factors. There is a direct impact of cross‐currency movements on Indian information technology companies, as most large players in the sector get around 80% of their revenues from overseas. A 1% depreciation in the value of the rupee leads to as much as 50 basis points gains in the operating margins of most information technology companies.
Glodyne Tech Ltd hits the Buy Freeze before cooling down a bit. The IT stocks will make wind-fall gain from the depreciation of the INR against the USD.  The company gets a large chunk of money from its overseas operations.