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.....👍✌

Tuesday, October 29, 2013

Market Outlook: Brokerage Report (Edited)
The Indian benchmarks ended the day on a negative note on October 28, 2013. Markets opened in a positive zone and soon touched the high of the day. Then indicies moved down throughout the day and even breached yesterday’s lows. As has been during last week, even in the last hour of trade, there was no fresh buying seen and indicies closed towards the low of the day. The Sensex was down 113.24 points to close at 20570.28 while the Nifty lost 43.80 points to 6101.10. This was ahead of RBI's second quarter monetary policy review on 29th October, 2013. 
Expectations on the street are largely in favour of repo rate hike as RBI governor Raghuram Rajan's focus remains to be inflation. Coming to yesterday's market, the midcap index and the small cap index closed in red with the loss of three-forth of a percentage point and half a percentage point respectively. On the sectoral front, all the indicies except three, closed in red. The Consumer Durables Index closed as the biggest gainer with the gain of nearly one and three-tens of a percentage point. On the other hand the FMCG Index closed as the biggest loser with the loss of more than two and half a percentage point. This was followed by the Realty Index which closed with the loss of two and one-tens of a percentage point.
For Tuesday, October 22, 2013, the trend deciding point works out at 6076 (Nifty_Futures) mark. Again, the second weekly support stands at 6046 mark. Hence any fall in Nifty towards 6076-6046 (Nifty_Futures) band should offer a buying opportunity. However sustenance of this point needs to be ensured before creating a buying position. A strict stop loss of thirty points is a must for any buy. If for any reason, this level is breached, then the next support is expected to emerge at 6000 mark. But going by the trend for Tuesday, it seems difficult for Nifty to touch 6000 mark. On the upside, the trend deciding point of 6188 still is expected to offer resistance. If this is crossed due to demand pressure, then the next resistance is expected to emerge around 6200 mark. Again, the intermediate resistance also exists at 6129, in case if there is not much buying pressure.
Market Snapshots: 

  • The market was negative and the premium of Nifty Oct futures stands at 5.95.
  • Nifty Oct futures decreased 1992800 shares in open interest and Nov future increased 2979650 shares in open interest.
  • Difference between Oct and Nov Nifty spread was 52.5, lower than the previous days figure of 53
  • VIX was 21.29%, higher from the previous day's figure of 20.64%.
  • Highest open Interest outstanding in Call was seen at 6300 strike.
  • Highest open interest outstanding in Put was seen at 5700 strike.
  • Nifty 5900 to 6100 calls and 5700 to 5900 puts were most active, indicating a broad market range around 5200-5500 during this expiry.