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.

Wednesday, July 16, 2014

Market Mantra
Soha Ali Khan at the Goenka Diamonds' Launch
Photo: Pinkvilla
The markets moved in line with expectations yesterday, taking cues from strong global markets, and finding support 7440 levels. It closed with a gain of 72 points at 7526. Although it was a more or less choppy session yesterday, the last hour of buying pulled it to a  high of 7535. This definitely gave more ammunition to the bulls. 

The bounce back of Nifty the support level of 7440 and the closing above 7500 shows buying interest at lower levels. Stay invested in Bank and Infrastructure stocks. Nifty is now trading at 7610, which is far above the resistance of 7580. 

Today's call:
(i) Buy IVRCL Ltd at Rs.24.40, T--Rs.27.20, SL--Rs.21. Most of the infrastructure stocks will move up taking cues from the budget.
(ii) Buy Marg Ltd at Rs.17.50, T--Rs.24, SL-Rs.15.50. In the recent budget the FM, has talked about strengthening the Shipping Sector. Also, the Finance Minister Arun Jaitley has proposed to award the development of 16 new port projects in the current fiscal year. Presenting the Union Budget 2014-15 in the Lok Sabha, Jaitley said, "A policy for encouraging the growth of Indian controlled tonnage will be formulated to ensure increase in employment of the Indian seafarers. Development of ports is also critical for boosting trade."
(ii) Buy Goenka Diamond and Jewels Ltd (BSE Code: 533189, Face Value: Re.1), for a target of Rs.4.80.  Though small players in the Gems and Jewelry sector are disappointed over not inclusion of their demand of introducing turnover tax among others, but many have expressed satisfaction over rationalization of customs duty for semi-processed, half cut or broken diamonds and cut and polished and coloured gemstones. This development has till now been  overlooked by the market. Goenka Diamonds Ltd is an established name in this sector.
(iv) Book profits in Rohit Ferro Tech Ltd at Rs.14.25 and enter Marg Ltd at around, which is a much safer play both on the infrastructure and shipping sectors. 

Note: These calls were given to the Paid Groups, in the morning and yesterday, they were asked to book partial profits in Rohit Ferro Tech Ltd. The call on Marg Ltd was given yesterday at around Rs.16.50--17. I feel most of them have made money by now. 
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