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.

Friday, September 27, 2013

After Market Opening Chart Check
Yesterday, Nifty traded range bound between 5875 and 5905 for entire day and finally settled at 5882 with a gain of 8 points. This week's F&O expiry was however, higher by 473 points the previous expiry.  Nifty appreciated around 20% from the low of 5118 within 18 trading sessions. Bank Nifty also appreciated 2852 points from a low of 8366 with 34% gain. This clearly shows that the trend is up and Bulls are in control of the things in the market. 

Nifty_Spot now is sitting above the crucial support area of 5800-5850 and is trading sideways. The Nifty_Spot is currently trading at 5868, which is expected to further move up during the day. The traders are suggested to hold or add on to their long positions, especially on the positive FIIs outlook on the market. The FIIs have been net buyers of Rs.172.15 Cr yesterday.
Resistance: 5920 / 5950
Support: 5840 / 5810
US share indices yesterday snapped their five-day losing streak on better than expected weekly jobless claims report. 
Most Asian indices rose today, tracking positive cues from US markets, but Japan's Nikkei bucked the trend on a weak dollar. Core CPI in Japan gained 0.8% YoY in Aug’13 suggesting a possible end to the deflationary problems that have plagued the nation for more than a decade. Prices for fuel jumped 6.0%, while communications and transportation added 3.1%.
Fundamentally speaking, Indian share indices have opened in the Green, tracking positive cues from the overseas markets, but some caution may prevail ahead of the weekend. 
Todays' call: 
(i) Buy Dish TV Ltd at Rs.49.50-49.70, T--Rs.55, SL-Rs.45.80. The scrip had made new 6 month high some days back, on the back of renewed interest in the media sector. It has been witnessing supportive buying since the last few days.
(ii) Buy Yes Bank Ltd at Rs.213-214, T--Rs.230, SL--Rs.206.  The RBI lowered the minimum maturity period to 1 year from 3 years on forex borrowings by banks, beyond 50% of their unimpaired Tier-I capital, to avail its swap facility. This is positive for the Banking sector. Moreover the RBI governor, according to the recent media report has ruled out any further hike in the Repo/ Reverse Repo. Moreover, banking shares are likely get support after the rupee once again became a little stronger against the USD. CLICK HERE & CLICK  HERE and CLICK HERE
(iii) Risk Taking investors can take some shares of 3iInfotech Ltd (BSE Code: 532628, Face Value: Rs.10) at Rs.5.41 for target above Rs.10. The scrip has started to move up suddenly. This share is being held by a number of Financial Institution (Kindly check the shareholding pattern). The downside is very limited from here as it is near the 52-week low price of Rs.3.6. Even its Q1FY14 results were satisfactory, when the net losses decreased on Y-o-Y basis. 
Shareholding Pattern

  • ICICI Bank Ltd holds 13.21% 
  • IDBI Bank Ltd holds: 4.89 %
  • Standard Chartered holds: 4.48%
  • LICI holds: 4.07%
  • Canara Bank Mumbai holds: 2.13%
  • Allahabad Bank holds: 1/82%
  • HDFC Bank holds 1.11%
  • Bank of India holds: 1.04%
  • Indian Overseas Bank holds: 0.73%
  • The J&K Bank holds: 0.72%


Those who are holding Network 18 Media & Investment Ltd (CMP: Rs.28.80), can continue to add the scrip above the support of Rs.28.30, for a target of Rs.42, in the next couple of moths.