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.....👍✌

Saturday, December 14, 2013

Market may see some technical rebound on Monday: Jayant Manglik ?
[Editor: On last Friday, I have already given a buy on Nifty_Futures from the support levels. Investors should start investing funds in the markets as of now, because going forward, the fundamentals of the economy is expected to improve. Also, any loss which you made earlier, can be covered up in just few trades. For example look at the the share price of B F Utilities Ltd (Rs.412.90), which closed at the Upper Circuits on last Friday even though the Indices tanked. If you remember, it was recommended around Rs.129-130, only few months back. In a similar way, money can be made over a period of time, through many such scrips---what is needed is only patience and expert hand]
Indian markets settled 1% lower on Friday as weak IIP and higher retail inflation raised concern over possible rate hike on December 18. In addition, concerns over possible Fed tapering in December also weighed on the investors' sentiments. Banking, power and realty stocks led the fall in the market.

At the close, the benchmark 30-share index, BSE Sensex declined 210.03 points or 1% at 20,715.58 with 24 components registering drop. Meanwhile, the broad based NSE Nifty fell by 68.65 points or 1.10% at 6,168.40 with 46 components posting drop.

Commenting on the outlook, Jayant Manglik, president-retail distribution, Religare Securities said, "On the last trading session of the week, Nifty was seen struggling from the beginning and kept the negative bias intact till the end. It was seen as reaction to double whammy of contraction in IIP and surge in Consumer inflation. Moreover, sentiments also remained dampened after RBI Governor Raghuram Rajan showed concern over rise in inflation and weak industrial growth and vowed to adjust the credit policy carefully. 

Due to successive decline in the last four sessions, we may see some technical rebound on Monday especially in oversold positions. The immediate support at 6100 in Nifty strengthens our stance. 

The recent decline in Midcap and Smallcap segment has somewhat pushed the retail investors on their back foot again. However, we are advising our clients to keep a slightly longer investment horizon and accumulate quality stocks irrespective to these corrective phases."