Happy New Year

NIFTY BEES SIP

attached here with details of nifty bees from NSE web site.

best to invest fixed amount at regular interval , say rs 10000.00 every month or 5000.00 every fort night, or smaller amounts every week.......... best averageing , mechanised investment in best stocks in emotionless manner........

all the best !

Nifty BeES Nifty BeES, the first ETF in India, is being introduced by BENCHMARK, an Asset Management Company on January 8, 2002. Nifty BeES trades on the Capital Market segment of NSE. Each Nifty BeES unit is 1/10th of the S&P CNX Nifty Index value. Nifty BeES units are traded and settled in dematerialised form like any other share in the rolling settlement. ISIN code INF732E01011 NSE symbol NIFTYBEES Series EQ Reuters code NBES.NS Face value Rs. 10 Benchmark Mutual Fund calculates and disseminates real-time NAV for Nifty BeES on its website www.benchmarkfunds.com and on Reuters Page BEES01. For further details you may visit the website www.benchmarkfunds.com Advantages of Nifty BeES Nifty BeES is Simple: Nifty BeES can be bought / sold like a share through any NSE terminal at prices available on the screen. The underlying portfolio of Nifty BeES very closely replicates that of the S&P CNX Nifty. Hence, Nifty BeES tracks the movement of S&P CNX Nifty. Nifty BeES is Economical: Nifty BeES is a no load scheme. The annual expense ratio including management fees is a maximum of 0.80% of the Daily Average Net Assets, which is one of the lowest for any mutual fund scheme in India. The costs reduce further to 0.65%, for assets over Rs.500 crore. Nifty BeES is Convenient: As it is listed and traded on the NSE, Nifty BeES can be bought / sold throughout the trading day just by a call to your broker. This gives you the power to react swiftly to changes in the market. You can even place limit orders. Nifty BeES can be held in your DP account with other portfolio holdings. Nifty BeES is Liquid: The structure of Nifty BeES attracts liquidity from various sources such as buying / selling by investors, arbitrage with index futures, arbitrage by authorized participants with the underlying shares. Nifty BeES is Neutral: The performance of Nifty BeES is simply the result of performance of shares in the S&P CNX Nifty Index and demand & supply in the market. There is no Fund manager bias. Nifty BeES is Transparent: As Nifty BeES replicates the S&P CNX Nifty, investors can know at any given point of time where and how much is invested in each stock. Nifty BeES gives Instant Diversification: Investing in just one unit gives exposure to fifty shares of the S&P CNX Nifty. This allows investors to spread risk with one single decision. Nifty BeES is an Equitable Structure: The unique "in-kind" mechanism of creating / redeeming Nifty BeES by exchanging a pre-defined portfolio ensures that long-term investors do not bear the cost of short term trading as observed in traditional Open-ended structure. This insulates long-term investors from short-term trading activity.

DARUWALA SEES SENSEX AT 20K IN APRIL - SEPT 2013

Bejan Daruwala, Astrologer is upbeat on India. According to his crystal ball gazing India is likely to be right at the top soon.

Continuing his bullish outlook, Daruwala sees SENSEX  to be at 20000 in between April and September. He says that the avenues of progress is likely to be in hotel, food, chemicals, agriculture, oil and cosmetics.

"Here are the avenues of progress, expansion, growth, demand, supply and finally profit. So again I say it starts around December, a 20,000 Sensex between April to September next year. Again finally and this is very exciting, India for all her corruption is on her way to the top because of this. This is context, communication, IT, correspondence. So believe me and I am 81, an professor of English and every time I come here and I was on the financial times also, India slowly surely will come right on top," Daruwala says in an CNBC-TV18's special show Mahurat Trading.

http://www.moneycontrol.com/video/market-outlook/star-gazing-daruwala-sees-sensex-at-20kapr-sept-fy13_606071.html?utm_source=Article_Vid

HAPPY DIWALI : SENSEX AS ON 25.10.2011

HAPPY DIWALI !

COMMENTS ON CHART .

Pankaj Shah

sensex monthly chart as on 13.10.2011

comments on chart.

sensex monthly chart as on 16.9.2011

comments on chart.

RETRACEMENT LEVELS

retracement levels for last fall from 19132 to 15766 are given below:

38.2%  17052

50%    17449 

61.8%  17846

78.6%  18412

must read

Date: 23 Aug 2011 03:24 Subject: LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF INDIA To: Must Read ! Very Powerfully Worded. Bravo - Prakash Bajaj, Editor of   Times of India .                                                           LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF  INDIA I am born and brought up in Mumbai for last fifty eight years. Believe me, corruption in Maharashtra is worse than that in Bihar . Look at all the  politicians, Sharad Pawar, Chagan Bhujbal, Narayan Rane, Bal Thackray, Gopinath Munde, Raj Thackray, Vilasrao Deshmukh all are rolling in money.  Vilasrao Deshmukh is one of the worst Chief ministers I have seen. His only business is to increase the FSI every other day, make money and send  it to Delhi , so Congress can fight next election. Now the clown has found new way and will increase FSI for fishermen, so they can build concrete  houses right on sea shore. Next time terrorists can comfortably live in  those houses, enjoy the beauty of the sea and then attack our Mumbai at  their will. Recently, I had to purchase a house in Mumbai. I met about two dozen builders. Everybody wanted about 30% in black. A common person like me knows this and with all your intelligence agency & CBI, you and your finance ministers are not aware of it. Where all the black money goes? To the underworld, isn't it? Our politicians take help of these goondas to vacate people by force. I myself was victim of it. If you have time please come to me, I will tell you everything.                                    If this has been a land of fools, idiots, then I would not have ever cared to write to you this letter. Just see the tragedy. On one side we are reaching moon, people are so intelligent; and on the other side, you politicians have converted nectar into deadly poison.I am everything Hindu, Muslim, Christian, Scheduled Caste, OBC, Muslim OBC, Christian Scheduled Caste, and Creamy Scheduled Caste; only what I am not is INDIAN.  You politicians have raped every part of Mother India by your policy of divide and rule.                                                           Take example of our Former President Abdul Kalam. Such an intelligent person; such a fine human being. But you politician didn't even spare him and instead choose a worthless lady who had corruption charges and insignificant local polititian of Jalgaon WHO'S NAME ENTIRE COUNTRY HAD NOT HEARD BEFORE. Its simple logic your party just wanted a rubber stamp in the name of president. Imagine SHE IS SUPREME COMMANDER OF INDIA 'S THREE DEFENCE FORCES. What morale you will expect from our defence forces? Your party along with opposition joined hands, because politicians feel they are supreme and there is no place for a good person. Dear Mr Prime minister, you are one of the most intelligent person, a most learned person. Just wake up, be a real SARDAR. First and foremost, expose all selfish politicians. Ask Swiss banks to give names of all Indian account holders. Give reins of CBI to independent agency. Let them find wolves among us. There will be political upheaval, but that will be better than dance of death which we are witnessing every day. Just give us ambience where we can work honestly and without fear. Let there be rule of law. Everything else will be taken care of. Choice is yours Mr. Prime Minister. Do you want to be lead by one person, or you want to lead the nation of 100 Crore people?                        Prakash B. Bajaj                                                            Editor Mumbai-Times of India                                                PLEASE READ N FORWARD TO AS MANY PEOPLE IN YOUR CONTACT LIST.............. IF EVERYONE FORWARDING THIS MESSAGE EVERYDAY, ATLEAST 10 NEW PEOPLE, THEN IT WILL REACH 1.21 BILLIONS OF INDIA INCLUDING PRIME MINISTER.                                            1ST DAY                                           10.00   2ND DAY                                          100.00   3RD DAY                                          1,000.00   4TH DAY                                          10,000.00   5TH DAY                                          100,000.00   6TH DAY                                          1,000,000.00   7TH DAY                                          10,000,000.00   8TH DAY                                          100,000,000.00   9TH DAY                                          1,000,000,000.00   10TH DAY                                        1,210,193,422.00

PROFESSIONAL TIPS

1. On Earnings: 

Never depend on Single income make investment to create a second source.

2.On Spending: 

If you buy things u dont need, soon you will have to sell things you need.

3.On Savings: 

Dont save what is left after spending, spend what is left after savings.

4.On taking Risk: 

Never test the depth of river with both feet.

5.On Investment: 

Dont put your all eggs in a single basket.

GUJARAT GAS AS ON 21.7.2011

look at chart. gujarat gas is on verge of break out.  on close above 420 with volumes it will be a good break out.

nifty between 50dma and 200 dma

look at chart. nifty is stuck between 50 dma and 200 dma.more over a triangle is also seen. break out from the triangle will give short term direction.

BHARTI SHIPYARD

BHARTI SHIP YARD made a top of 865 in first week of Jan08 when sensex made top of 21200. after that it corrected upto 45.when sensex made bottom of 8047 in march 09.it was a huge fall of 820 and we saw pull back up to 353 in Jan 2010. it has tested 121 in last week.which is 75% retracement of rise from from 45 to 353.

daily chart is showing +ve diveregnce. stock can be added with stop loss below 120 on closing basis for long term investment. cmp is rs. 131.

sensex as on 28.6.2011

Chart attached with comments.

************************************

update as on 1/07/2011

strength was maintained up to 30/06/2011.on crossing 18600 zone sensex tested strong resistance level around 19000 which is on down ward sloping trend line and sell off was seen today.movement in coming days will decide direction of market. decisive cross over of down ward trend line after some correction can be bullish otherwise more weakness to go for a new low.

BIOCON as on 13.6.2011

look at chart attached.

inverse head and shoulder pattern is seen in biocon.

****************************************************

stock reversed from neck line.

NIFTY AS ON 9.06.2011

look at nifty weekly chart attached.

we may see a big move in coming few weeks on breaking out from triangle.

nifty as on 16.5.2011 H n S

look at nifty weekly chart.

actually it is HnS but by error INV HnS was written.

NIFTY HEAD n SHOULDER

look at nifty weekly chart.

sensex

comments on chart

sensex as on 26.4.2011

look at attached chart.

WOLF WAVES

VENUS REMEDIES AS ON 20.4.2011

look at attached chart.

ADANI POWER

chart of adani power is attached. stock is moving in a down ward channel. on closing above 120 can be added with stop loss below 115 on closing basis.

5day chart

5 day chart attached

sensex as on 11.4.2011

chart attached with comments. 

10 things to know about Anna Hazare and Jan Lok Pal Bill

1. Who is Anna Hazare? An retired army man. Fought 1965 Indo-Pak War   2. What's so special about him? He built a village Ralegaon Siddhi in Ahamad Nagar district, Maharashtra   3. So what? This village is a self-sustained model village. Energy is produced in the village itself from solar power, biofuel and wind mills. In 1975, it used to be a poverty clad village. Now it is one of the richest village in India. It has become a model for self-sustained, eco-friendly & harmonic village.    4. Ok,...? This person, Anna Hazare was awarded Padma Bhushan and is a known figure for his social activities.   5. Really, what is he fighting for? He is supporting a cause, the amendment of a law to curb corruption in India.   6. How that can be possible? He is advocating for a Bill, The Jan Lokpal Bill (The Citizen Ombudsman Bill), that will form an autonomous authority who will make politicians (ministers), beurocrats (IAS/IPS) accountable for their deeds.   8. It's an entirely new thing right..? In 1972, the bill was proposed by then Law minister Mr. Shanti Bhushan. Since then it has been neglected by the politicians and some are trying to change the bill to suit thier theft (corruption).   7. Oh.. He is going on a hunger strike for that whole thing of passing a Bill ! How can that be possible in such a short span of time? The first thing he is asking for is: the government should come forward and announce that the bill is going to be passed. Next, they make a joint committee to DRAFT the JAN LOKPAL BILL. 50% goverment participation and 50% public participation. Because you cant trust the government entirely for making such a bill which does not suit them.   8. Fine, What will happen when this bill is passed? A LokPal will be appointed at the centre. He will have an autonomous charge, say like the Election Commission of India. In each and every state, Lokayukta will be appointed. The job is to bring all alleged party to trial in case of corruptions within 1 year. Within 2 years, the guilty will be punished. Not like, Bofors scam or Bhopal Gas Tragedy case, that has been going for last 25 years without any result.   9. Is he alone? Whoelse is there in the fight with Anna Hazare? Baba Ramdev, retired IPS Kiran Bedi,  RTI activist Arvind Kejriwal and many more. Filmstars like Aamir Khan r also supporting his cause.   10. Ok, got it. What can I do? At least we can spread the message. How? Putting status message, links, video, changing profile pics.   At least we can support Anna Hazare and the cause for uprooting corruption from India.  At least we can hope that his Hunger Strike does not go in vain. At least we can pray for his good health.

SENSEX AS ON 6.4.2011

chart attached with comments.

sensex as on 31.3.2011

CHART ATTACHED.

nifty as on 26.3.2011

chart attached

*************************************

update on 30.3.2011

we have reached very close to upper boundary of channel,we may see some profit booking here.only on cross over beyond channel we may see further up move.

AUSTRALIA GHAYAL.........

A SNAP FROM WORLD CUP MATCH AT AHMEDABAD

nifty as on 23.3.2011

look at nifty charts . consolidation continues............

NIFTY CHART FROM BLOG OF ILANGO

ENJOY WAVE COUNTS 

sensex as on 18.3.2011

sensex is still not able to close above 18500 zone. we are at crucial support on trend line shown in chart.breach of the same 

will indicate new low.

sensex as on 11.3.2011

as shown in charts we are not able to close above 18500 and 200 ema which is at 18650.

keep strict stop loss of 17632 for long positions on closing basis.

nifty as on 10.3.2011

look at consolidation of nifty 

Politiced Modern Betaal Story

Hi !!!! There is a modernised version of Betaal Story relevant to the present political situation. It is worth reading Politiced Modern Betaal Story Once there lived an old and pious man, renowned for his honesty. One day his neighbor, a rich merchant comes to him with a request. The merchant was leaving on a voyage and wants the old man to safeguard his wealth, until his return. The old man agrees and with God as witness promises to protect and safeguard the merchant’s wealth. * ** *The old man then entrusts the safe keep of the merchant’s wealth to his son, from whom he takes an oath of propriety and honesty. Slowly the son starts dipping into the merchants wealth, people notice this and warn the old man of the son’s misdeeds. The old man calls his son asks him to explain, he also reminds him of his oath on following the right path. The son rubbishes the accusations as rumors and the idle gossip of jealous people, who could bear to see his prosperity. The old man accepts the son’s explanation and things go on as before.* *The merchant returns and demands his wealth. The old man calls his son, who hands over a quarter of the merchant’s wealth saying that is all there was.The merchant realizing that he has been cheated approaches the King. The King listens to the merchant’s complaint and summons the old man. The old man comes to the court with his son and handing him over to the King says “your majesty, the merchant is right. My son has confessed to the crime. Please punish him.”* ** *The king has the son flogged and imprisoned. He then praises the old mans honesty and dismisses the case. But the merchant demands punishment for the old man saying, “I have still not received justice. I had entrusted my wealth to the old man which he swore by God to safeguard. The old man’s integrity is intact, but what of me, I have been robbed of my life’s savings, and made a pauper. It was the old man’s decision to entrust my wealth the son for safe keeping. As far as I am concerned the old man is the culprit, and should be punished.* ** * The king is astounded by this demand. The old man, was neither a party to the theft nor did he benefit from it. In fact, he had sent his son to jail. Yet, the merchant was asking for the old man’s punishment.* *The Betal asks Vikramaditya, “What should be the Kings decision.”* ** · Vikramaditya’s replies, “Though the old man is innocent of the actual theft, he is guilty of dereliction of duty. The son’s crime was a straight forward one, the old man’s was a graver crime. He did nothing to protect the merchant’s wealth. Far from being vigilant he failed to take action even when he was warned of his son’s misdeeds. Because of his laxity the merchant is condemned to a life of penury. He should be punished.” ** *India 2010, Dr. Manmohan Singh, esteemed economist, former Governor of RBI, Deputy Chairman of Planning Commission, former Finance Minister, a man whose personal ethics and integrity are unblemished, takes oath to protect and safeguard the Nation and its assets. He appoints Raja, as his Cabinet Minister for IT & Telecom.* * Unlike the story, this heist of a precious national asset is carried out in full view of Dr. Manmohan Singh and his cabinet colleagues. Newspapers across the country cry out at this outrage in front page headlines.* * The Indian Constitution grants the Prime Minister absolute power in running the country. He is the head of the Government and the Union Cabinet functions at his pleasure. As per the Transaction of Business Rules the Prime Minister has the unrestricted right to demand and get any file, any record from any Ministry. Dr. Man Mohan Singh could have at any time stopped this heist of a National asset, yet he chose to remain silent. The Minister’s failure to exercise his constitutional rights has caused irreparable loss to the Nation.* * Dr. Singh did not profit personally from Raja’s shenigans, but his failure to act, to honor the oath of office, to protect and safeguard the nation and its wealth is unforgivable. Like the old man, he has sacked Raja from his ministerial berth, but does his culpability end there.* * The people of India had entrusted their faith and the future of the Nation in Dr. Manmohan Singh, believing him to be a man of integrity and honesty, and not to Raja. Does dismissing Raja absolve Dr. Singh or like the old man is he guilty of dereliction of duty and failure to safeguard the Nation and its citizens. Does he deserve punishment?* *It is for the Indian citizen to decide.

TREND LINES

trendlines are shown in chart attached

Do u Know Ur Value....!

A well-known speaker started off his seminar by holding up a Rupee 500 note.

In the room of 200, he asked, "Who would like this Rupee 500 note?"

Hands started going up. He said, "I am going to give this note to one of you but
first let me do this." He proceeded to crumple the note up. He then asked, "Who
still wants it?"Still the hands were up in the air.

"Well," he replied, "What if I do this?" And he dropped it on the ground and
started to grind it into the floor with his shoe. He picked it up, now all
crumpled and dirty. "Now who still wants it?"

Still the hands went into the air.
"My friends, you have all learned a very valuable lesson.

No matter what I did to the money, you still wanted it because it did not
decrease in value. It was still worth Rupee 500/-. Many times in our lives, we
are dropped, crumpled, and ground into the dirt by the decisions we make and
the circumstances that come our way. We feel as though we are worthless.

But no matter what has happened or what will happen, you will never lose your
value. You are special. Don't ever forget it! Never let yesterday's
disappointments overshadow tomorrow's dreams.

"VALUE HAS A VALUE ONLY IF ITS VALUE IS VALUED"

GODREJ IND AS ON 1.3.2011

look at chart attached

sensex as on 1.3.2011

look at chart . after along time again we r on verge of forming a higher bottom higher top formation.on closing above 18500 it 

will be confirmed. stop loss for long position below 17632 on closing basis. i have attached 2 more charts of past days 

observations shared somewhere else.

sensex as on 28.2.2011

look at attached chart.

--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.



- Alexander Graham Bell 
 

nifty as on 25.2.2011

LOOK AT CHART ATTACHED

--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.



- Alexander Graham Bell 
 

ARE U A TRADER ? TRY IT......

1.Do analysis take a position

2.Keep a smart stop loss. Stop loss triggered ? You’re out of the position. The position goes in the direction you predicted ? Move to step 3

3.The market is communicating that you are right, in that case, add to the position.

4.Trail the position with smart stop losses.

5.Out of the position only when your stop gets you out.

LIST OF HOLIDAYS AT BSE

http://www.bseindia.com/about/listholi.asp

MARKET BOUNCES...............

on friday sensex made low of 17296 and bounced back strongly and closed in green after a long time.since we have broken 200dma/ema since no of days and we are staying below that level for more than 7/8 days probability of more correction in coming days is more than making new high.

after making top at 21109 we made first low at 18955 and lower top at 20665. next bottom was formed on friday at 17296.so most probably we are retarcing fall from 20665 to 17296.retracemnt levels of 38.2/50/61.8% are 18583/18981/19378.

we should remember that 200 dma is placed near 18800. zone around 200 dma will become a strong resistance for this pull back.watch levels of 18981 and 19378.

LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF INDIA

LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF INDIA

Must Read ! Very Powerfully Worded.

Bravo - Prakash Bajaj, Editor of Times of India .

"I am born and brought up in Mumbai for last fifty eight years.
Believe me, corruption in Maharashtra is worse than that in Bihar
Look at all the politicians, Sharad Pawar, Chagan Bhujbal, Narayan Rane, Bal
Thackray , Gopinath Munde, Raj Thackray, Vilasrao Deshmukh all are
rolling in money. Vilasrao Deshmukh is one of the worst Chief
ministersI have seen. His only business is to increase the FSI
every other day, make money and send it to Delhi , so Congress can fight next
election. Now the clown has found new way and will increase FSI for
fishermen, so they can build concrete houses right on sea shore. Next
time terrorists can comfortably live in those houses, enjoy the
beauty of the sea and then attack our Mumbai at their will.

Recently, I had to purchase a house in Mumbai. I met about two dozen
builders. Everybody wanted about 30% in black. A common person
like me knows this and with all your intelligent agency & CBI, you and your
finance ministers are not aware of it. Where all the black money
goes? To the underworld isn't it? Our politicians take help of these
goondas to vacate people by force. I myself was victim of it. If you have time
please come to me, I will tell you everything.

If this has been a land of fools, idiots, then I would not have ever
cared to write to you this letter. Just see the tragedy. On one
side we are reaching moon, people are so intelligent; and on the other side,
you politicians have converted nectar into deadly poison.I am
everythingHindu, Muslim, Christian, Schedule caste, OBC, Muslim
OBC, Christian Schedule caste, and Creamy Schedule caste; only what I am not is
INDIAN. You politicians have raped every part of Mother India by
your policy of divide and rule.

Take example of our Former President Abdul Kalam. Such an intelligent
person; such a fine human being. But you politician didn't even
spare him and instead choose a worthless lady who had corruption charges and
insignificant local polititian of Jalgaon WHO'S NAME ENTIRE
COUNTRY HAD NOT HEARD BEFORE. Its simple logic your party just wanted a rubber
stampin the name of president. Imagine SHE IS SUPREME COMMANDAR OF
INDIA 'S THREE DEFENSE FORCES. what moral you will expect from our defence
forces? Your party along with opposition joined hands, because
politicians feel they are supreme and there is no place for good person.

Dear Mr Prime minister, you are one of the most intelligent
persons, a most learned person. Just wake up, be a real SARDAR. First and
foremost, expose all selfish politicians. Ask Swiss banks to give
names of all Indian account holders. Give reins of CBI to independent
agency. Let them find wolves among us. There will be political
upheaval, but that will be better than dance of death which we are
witnessing every day. Just give us ambience where we can work
honestlyand without fear. Let there be rule of law. Everything
else will be taken care of.

Choice is yours Mr. Prime Minister. Do you want to be lead by one
person, or you want to lead the nation of 100 Crore people?


Prakash B. Bajaj
Editor Mumbai-Times of India

NIFTY DOWN WARD CHANNEL

LOOK AT DOWNWARD CHANNEL

SENSEX AS ON 31.1.2011

comments on charts.

SENSEX AS ON 27.1.2010

comments on chart

THE HAIRCUT

One day a florist went to a barber for a haircut. After the cut, he asked about his bill, and the barber replied, 'I cannot accept money from you, I'm doing community service this week.' The florist was pleased and left the shop. When the barber went to open his shop the next morning, there was a 'thank you' card and a dozen roses waiting for him at his door.

Later, a cop comes in for a haircut, and when he tries to pay his bill, the barber again replied, 'I cannot accept money from you , I'm doing community service this week.' The cop was happy and left the shop. The next morning when the barber went to open up, there was a 'thank you' card and a dozen donuts waiting for him at his door.

Then a Member of Parliament came in for a haircut, and when he went to pay his bill, the barber again replied, 'I can not accept money from you. I'm doing community service this week.' The Member of Parliament was very happy and left the shop. The next morning, when the barber went to open up, there were a dozen other Members of Parliament lined up waiting for a free haircut.

And that, my friends, illustrates the fundamental difference between the citizens of our country and the politicians who run it.

sensex as on 17.1.2011

market is correcting from recent top of 21109. we have seen 18779 yesterday. on daily charts we can see +ve divergence.we r close to 200ema and few points away from 200dma.50% retracement of last major up move from 15960 to 21109 is also close to 18500.last major break out from sideways channel was from 18475.

i have attached  daily as well as weekly charts from Tony Caldro's report with his wave count.according to him we are on minor wave 4 c. looking at daily chart attached we can see +ve divergence in rsi ( 5 ).

have we completed 4 c and are we on next wave 5 upwards?

price action has to yet to confirm the same.

bearish wave count considers that we have topped out at 21109 and we have made lower top at 20665 and we are on 3rd down ward wave.

let us c what unfolds.

Open letter to our political leaders: India Inc

17th-Jan-11 17:56

Alarmed at the widespread governance deficit, corruption that is corroding the fabric of the nation and issues like environmental concerns that are impeding economic development, a group of 14 India Inc leaders including Deepak Parekh, Azim Premji, N Vaghul, Keshub Mahindra, Jamshyd Godrej, Yezdi Malegam, Bimal Jalan, Justice BN Srikrishna, Anu Aga, Ashok Ganguly, M Narasimhan, A Vaidyanathan, Nachiket Mor and Justice Sam Variava have written an open letter to the country’s political leadership.


An Open Letter to our Leaders

We are a small group of like-minded citizens who are concerned with the general deterioration in the overall value system of the nation, but have abiding belief and commitment in India’s potential and prospects as a successful democracy. We are a fraction of a very large number of Indians who, we believe, share our hopes and aspirations but have no means to channel their views and opinions in India’s public domain.

In the last few months, the country has witnessed eruption of a number of egregious events, thanks to an active media eagerly tracking malfeasance. There are, at present, several loud and outraged voices, in the public domain, clamouring on these issues which have deeply hurt the nation. We do not wish to add to the confusion by joining that debate. What we are deeply worried about is not to allow India’s huge growth potential and poverty alleviation challenges to be diluted or digressed from, and which would be a great loss, especially to the poor and the dispossessed.

Our aim is to try and rise above the present clamour and seek a more confident and purposeful national environment.

As concerned citizens, who have full confidence in the country’s ability to reach its social and economic development potential, and who have a deep and abiding faith in India’s prospects for a vibrant, pluralist and successful democracy, we have put down a few thoughts. This letter is the beginning of our aim to develop specific actions and recommendations which shall be placed in the public domain, from time to time.
1. We are alarmed at the widespread GOVERNANCE DEFICIT almost in every sphere of national activity covering government, business and institutions. Widespread discretionary decision making have been routinely subjected to extraneous influences. The topmost responsibility of those at the helm of the nation’s affairs must be to urgently restore the self-confidence and self-belief of Indians in themselves and in the State as well as in Indian business and public institutions which touch the lives of every Indian. The judiciary is a source of some reassurance but creation of genuinely independent and constitutionally constituted regulatory bodies, manned by persons who are judicially trained in the concerned field, would be one of the first and important steps to restore public confidence.
2. Possibly, the biggest issue corroding the fabric of our nation is ‘CORRUPTION’. This malaise needs to be tackled with a sense of urgency, determination and on a war footing. The institution of Lok Ayuktas, vested with adequate powers, would go a long way in effecting the needed correction, as is evident from the example of Karnataka. There is a need for every State to have effective and fully empowered Lok Ayuktas and indeed for early introduction of the Lok Pal Bill at the national level, for the purpose of highlighting, pursuing and dealing with corruption issues and corrupt individuals. Apart from speedily installing independent Lok Ayuktas, it is essential that their investigative agencies and law enforcing bodies should be made independent of the Executive. Amongst several urgent steps needed, this is possibly the most critical one that the nation can immediately initiate in order to reassure its citizens that corruption will be most severely dealt with, both at the branch and at the root level.
3. Time is overdue for India’s elected representatives to DISTINGUISH BETWEEN DISSENT AND DISRUPTION, while in the era of coalitions, tolerance of compromise still remains a challenge. Elected legislators and leaders must acknowledge and demonstrate their collective role and responsibility in restoring a sense of purpose and confidence in national institutions.
4. It is widely acknowledged that the benefits of growth are not reaching the poor and marginalised sections adequately due to impediments to economic development. This is because of some critical issues like ENVIRONMENTAL CONCERNS and differences in perspectives between central and state governments.
5. It is imperative to establish ways and means, for every Indian, to feel that they have genuine equal opportunities, access to decision makers and a stake in India’s progress. Dealing determinedly with GOVERNANCE and aggressively against CORRUPTION, while openly debating these issues by elected legislators is the only means left to reassure our citizens.

We believe that through urgent, concerted action in which we are ready to lend a hand, positive change can be achieved.

WAKE UP INDIANS!

first of all i will  like to put a link which narrates what people can do if they wish. it is about NAVNIRMAN MOVEMENT of Gujarat which started with steep 20% rise in food bill in L.D.Engg. College at Ahmedabad  and it turned into a great movement without a single political leader which compelled the chief minister to resign.mlas to resign, finally prime minister Mrs. Indira Gandhi was compelled to dissolve the assembly.

http://indiatoday.intoday.in/site/Story/2727/Cover%20Story/Pulse+of+the+people.html

if we compare it with current environment in our country, we see no of corruption issues coming out by politicians .prices of basic commodities are sky rocketing with great economist prime mister surrounded  by corrupt leaders.even after scams are public the leaders are thick skinned that they reluctant to resign . size of scams are also going high n high.

Mrs. India Gandhi accepted corruption as a global phenomenon and it was accepted.people who deal with govt departments consider govt officials as their partners bcz they have to pay their fixed share whether they earn or loose.corruption percolating to more n more lower levels from top.

they are considering citizens fool and make drama of setting up committees which again are headed by tainted people, and waste of public money. 

previously when we got freedom, leaders were coming in politics to serve nation. now most of them are coming as a business to make big money by unfair means.they are giving tickets to devils who can win elections for them.they are getting good remuneration now.

they are going for all types of discriminatory  actions to divide Indians in their vote banks.they r diving  on basis of  religion, reservations and other parameters.

we Indians should now act unitedly to fight all these evils . system has been corrupted from top and  going down n down. it is to be corrected from bottom thats by people only.

BEJAN DARUWALA Markets in 2011: What do the stars foretell?

Q: What are the stars predicting for markets in 2011?

A: I am afraid that 2011 will be one of many mixed trends and variations. Astrology is all about timing. The first trend will be from January to July and that will be slightly tough. Terrorists will be active, there may be natural calamities, death of a leader, god forbid, is possible. Economic crunch is certain and this will not help buying, selling, producing power at all of the bigger nations and because of that they will not be able to invest in our country.

I am reasonably correct, not always but reasonably. I have an average of 75%. The first trend is from January to July end which is the tough one. The second trend is from August 2011 to January 2012. And the third trend will start from February-March 2012. I can promise you that that the buying power of India, the economic muscle of India, the infrastructure of India, the education and the health of India will be pure gold. So we are on the way up.

So I would say wait for one year. Trust this Ganesha devotee, Hanuman devotee, trust this man who also loves Allah. Wait for a year and all of you will give me sweetmeats. But wait for a year.

larsen as on 31.12.2010

chart with comments of larsen attached herewith.