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" in the hands of "UP ka Beta", will invariably bring Shame to the Biharis and Jharkhandis. So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar. This might also probaly 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 and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar...



Wednesday, July 31, 2013

AFTER MARKET OPENING CHART CHECK
Yesterday, the Indian markets slid for fifth day in succession and Nifty closed with a loss of 76 points. It made an intraday high of 5861 and low of 5747. 530 points of rise which took 21 trading sessions from the low of 5566 to a high of 6096 has been corrected with 346 points of fall within five days. This clearly showed strength of Bears over Bulls.
A close below 6000 was already an exit for short term long positions as mentioned to the Paid Groups, and a close below 5900 has also marked an exit for medium term long positions also. The 200 DEMA supports of 5800 have also been broken. However, the downturn which started with the breaking of 6000 has probably ended today with Nifty_Spot, getting support at 5700 mark. So, traders can go long on Nifty. 
Nifty_Futures: For Wednesday, July 31, 2013, the trend deciding point emerges at 5767 mark. The second weekly support stands at 5770 mark. The current trend is still down, there cannot be a 2nd opinion on it. Hence we will have to look for support at lower levels to see, if support band of 5775-5767 holds or not. For the moment we see the Nifty_Futures getting supported at 5767 levels, which is positive for the bulls. Here a buying opportunity emerges, as this level seems to have sustained. 
For any buy at these levels, a strict stop loss of thirty points is a must. On the up side, Nifty is expected to face resistance at 5855 mark. The next resistance will emerge at 5875 mark. These levels are also a good selling points, of course, with a requisite stop loss of thirty points. There could be TREND CHANGE today.
Index Range (August Future):
Nifty: 5767
Range: 5722 - 5855
Resistance: 5839 – 5891 - 5956
Support: 5773 – 5721 - 5655

Bank Nifty: 10070
Resistance: 10402 – 10536 - 10708
Support: 9924
Today's call: Buy DLF Ltd at Rs.149, T--Rs.165, SL--Rs.162.  India's largest real estate firm DLF has ended its "exclusivity contract" to sell luxury hotel chain Aman Resorts to the original owner and founder Adrian Zecha and has begun talks with a clutch of private equity funds and international hotel operators, which includes Blackstone and Carlyle.
Buy NMDC Ltd at Rs.98, T--Rs.106, SL--Rs.94. The disinvestment department has identified Coal India, National Hydroelectric Power Corporation ( NHPC) and National Mineral Development Corporation (NMDC) for buybacks.
Buy IRB Infra Ltd at Rs.72, T--Rs.81, SL--Rs.57. Also, buy, HDIL at Rs.32.50, T--Rs.37, SL--Rs.31 (keep, Re.1, SL and play).