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.....👍✌

Monday, February 02, 2015

There is no stopping of Rohit Ferro Tech Ltd. Today it, closed at Rs.8.98 up 6.27%, in the BSE; giving a bullish breakout on the daily candle stick chart pattern.  It is pertinent to mention here that the share has already given more than 15% return in the last two days. Moreover, the company earlier informed that, 7,12,05,000 (Seven Crores Twelve Lacs Five Thousand) Convertible Warrants of nominal value of Rs.10 each at a price of Rs.20 per Warrant (including a premium of Rs. 10 per Warrant) will be allotted to the promoters.  This gives some sort of datum for the shareholders, regarding its future price. Also, the company will be disposing of the Jajpur manufacturing unit located at Kalinganagar Industrial Complex, District: Jajpur, Orissa by the way of slump sale or otherwise, to further reduce the debt. The next targets for the scrip are Rs.9.60-10.4-11.20--12.30-14. Therefore, do not sell the shares in a hurry. Infact accumulate the share on intra-day declines. 
Reliance Capital Ltd today reached its 1st target of Rs.492, as it touched Rs.495, intra-day. The next target for the scrip is Rs.503, where some profit booking is expected. 
Today Jaiprakash Power Ventures Ltd (Rs.12.15) closed above a crucial resistance level. Hence, we could look for bullishness in the scrip in the coming days. Moreover, once Rs.12.60 is broken on the upside, we can look for targets of Rs.13.50-15.
The SAW Pipe manufacturer, Jindal Saw Ltd today closed at Rs.81.40 in the BSE, after touching Rs.83 in the morning trade. It is to be remembered that as the price of crude oil starts to move up in the international market, the company would also benefit, immensely. Meanwhile, Brent crude was up 1.3% at $53.65 a barrel, having reached $55, while US oil rose 1.7% to $48.52, as investors speculated that the falling cost of crude may have ended.
Firstsource Solutions Ltd (Rs.29.15), saw good delivery based buying today, as the percentage of Deliverable Quantity to Traded Quantity was 35.43% in the BSE. A meeting of the Board of Directors of Firstsource Solutions Ltd will be held on February 09, 2015, to consider, the audited standalone and consolidated financial results for the quarter ended December 31, 2014 (Q3). The next target for the scrip is Rs.32, once it closes above Rs.29.70.
Nifty which today closed at 8797.40, should get support at around 8740-8605 ranges; though today both the FIIs and DIIs were net sellers, as Obama effect died down.
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