Jaiprakash Power Ventures Ltd closed flat at around Rs.12.63, after moving upto Rs.12.79 intra-day. A chartist long ago mentioned the level of Rs.12.60. It reached this level--it is because these days, the stocks are being manipulated to the hilt by those sitting in front of TV Cameras. The Resistance, Support and other parameters are mental equations, which these marketmen sitting in media rooms use, to the hilt. There is nothing called "VALUATION" in stock market--a scrip will rise as long as investors want it to buy; plain and simple. Another one, Jagannadham Thunuguntla, the Chief Strategist and Head of Research at SMC Global Securities has already spoken to sell the scrip even though, the Business Standard, writes on 17 November, 2014 that its Asset sale to bring down debt/equity ratio to 2.6x. The report also said, "The Street believes that the deal appears to be a good one prima facie and should substantially ease the financial pressure on the company". So, why is this SELL CALL in front of TV Cameras???!!! It is an irony that that the general investors/traders, do not think that these marketmen can also make "Grave" mistakes. Did you evaluate some of the BLUNDERS of Rakesh Jhunjhunwala? Anyway, SEBI, should stop this new menace, called "Media Manipulation", instead it is bringing in some RIDICULOUS LAWS, to throttle the voice of the common investors and traders.
On the flip side our Prime Minister is talking of spending more and more money in defense preparedness, when world is speaking of "Peace". Indian Military Expenses, cut away a large portion of tax-payers money....but our Prime Minister, is busy on a spending spree. Army (Defense) officers are already given hefty pay-packages as compared to their qualification and work. Am I right? Tell me in how many jobs hosted by the government of India, a simple graduate gets around Rs.40, 000 per month, after 10-15 years of work, as a commissioned officer. What I want to say is that Army or Navy or Air Force officers are not doing anything out of "Charity" for India or Indians. What is their work during "Peace Time" ? Now if I say this many of my friends in the Indian defense might get irritated with me. But kindly brood over what I have said. Anyway, we have not heard of any "defense kick-backs' till now in the media--however, I don't know what is happening behind the scene.