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.....👍✌

Friday, December 13, 2013

Late Market Chart Check
Ms.Vanitha Mohan, VC, Pricol Ltd
Photo: K Ananthan, The HBL
Profit booking continued yesterday and Nifty for 3rd day in succession closed in the red. Selling pressure during the late hours of trade dragged it down to a low of 6230 and it finally closing at 6237 with a net loss of 71 points. 
Nifty had rallied 1296 points from the low of 5119 and investors are now taking this opportunity to sell ot book profits on their investments. However, it seems the markets could reverse from 6170-6175 levels to 6350 levels once again. The traders are suggested to take small BUY positions in Futures, around the Nifty_Spot_Support_Levels mentioned above. 
Support6170  / 6160
Resistance: 6255 / 6300
Key US indices ended down Thursday as better-than-expected growth in retail sales in Nov fuelled concerns that the US Fed may start tapering its bond-buying programme soon.
Most Asian indices were down today tracking weakness in the US equities. Fundamentally speaking Indian indices are trading subdued as the November inflation rate based on the Consumer Price Index (combined), and October Index of Industrial Production data were disappointing. Weakness in global markets is also weighing on sentiments. India Nov CPI Combined inflation rate stood at 11.24%, while the IIP growth was at (-) 1.8% vs 8.4% year ago. However, in December, 2013, the inflation is expected to come down and at the same time, IIP figures could show a bit improvement due to seasonal effects. Moreover, FIIs on 12-Dec-2013, bought Indian Equities worth Rs.187.81 Cr.
Todays' CallPositional Buy: Pricol Ltd (BSE Code: 526109) at around Rs.20-25, for a target of around Rs.60. Pricol Ltd, is a Coimbatore-based auto component manufacturer. It has been trying not only to rationalise its vendor base, but has also taken initiatives to promote vendor development aggressively. 

  • BLUE STARPlans to set up a 1.5-bln-rupee air conditioner plant in south India. 
  • CANARA BANK: Has attached all charged assets of DECCAN CHRONICLE HOLDINGS as part of a loan recovery process. 
  • RELIANCE INDUSTRIES: The oil ministry has allowed firms like the company and GAIL INDIA to fix the marketing margin they want to charge on sale of natural gas to consumers other than urea manufacturing units and liquefied petroleum gas plants. 
  • STATE BANK OF INDIAHas approved issue of 11.2 mln shares to the government at 1,782.74 rupees per share. The bank is planning to hire six investment banks for the qualified institutional placement of its shares. 
  • VIJAYA BANKShareholders of the bank have approved the issue of 58.93 mln shares at 42.42 rupees each to the government