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.....👍✌

Thursday, April 17, 2014

Market Mantra
In line with expectation, the market tanked yesterday for the 2nd day in  a row, mostly due to clueless DIIs. Nifty made a high of 6748 in initial trade and fell down to a low of 6665 during second half and then finally closing at 6675 with a net loss of 58 points.
The point which must be remembered is that Nifty is near its life time high but we are in a new BULL PHASE. Any bull market starts with skepticism and this time also we witnessing the same with profit booking coming above 6800 level. However, the long term picture shows great strength in the market and any short term dip is a buying opportunity. Though Nifty_Future long positions may still be avoided but investors / traders should concentrate on picking up stocks from mid and small cap space. 
Resistance: 6700 / 6740
Support: 6640 / 6600

Marg Ltd hit another Buyer Freeze on the opening trade at Rs.1.05. The scrip has been hitting continuous buyer freeze since it was recommended. 
Today's Call: (i) Buy J P Power at Rs.15.90, T--Rs.21, SL--Rs.14.4.There are lot of positive developments in the company. Jaypee is the country's third largest cement producer, the largest private sector company in hydropower with 1,700 MW, and has four thermal power plants totaling 5,120 MW slated to go on stream within a short time. JAL, the group flagship, has an engineering and construction wing which remains occupied mostly with in-house work. It also has the largest land bank in the National Capital Region.
(ii) Buy Orchid Chemicals Ltd at Rs.54.20, T-Rs.62, SL--Rs.49. It was earlier one of the hot favourite of the ace investor, Rakesh Jhunjhunwala. Later when its financials started to worsen he exited the counter and the stock price crashed. Meanwhile, the Company tried to reduce its debt through a CDR package, but it got delayed due to red-tape-ism. However even without implementing CDR, company turned to EBITDA positive in latest quarter. Now that the CDR package has been approved by the lenders, the good days are ahead for the scrip. According to some analysts: with this approval the Company can now complete the deal with Hospira and concentrate in other existing business (antibiotics API and oral formulations), and niche therapeutic products. Considering company's strong R&D pipeline, there are bright prospects for the company going forward. Recently U. S. health regulator Food & Drug Administration (FDA) inspected its Irungattukottai, Chennai-based oral formulations facility  and approved it without any observations.
(iii) Book profits in PVP Ventures Ltd at around Rs.8.90--8.70, as the scrip has run more than 40% in just 3-4 days. Let it cool down, then again you can invest in the scrip.

(iv) Average Core Education Ltd at Rs.13.10-13.20, A2Z Maintenance and Engineering Services Ltd (Rs.10.70) and Vijay Shanti Builders Ltd at Rs.11.40-11.50. Also, accumulate IVRCL Ltd (Rs.14.70) on all declines.
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