Quick updates

Long-term pick - Maruti Udyog is very close to its 52-week low of 700. Closing at 722.35 yesterday, MUL is a good long-term buy. Immediate support/resistance is seen at 700/760. Stock has been beaten down in recent times due to accelerated depreciation policy. Recommend as the best bullish play right now in the auto sector with at least 30% upsides in the long-term.
The stock is fundamentally strong with the largest market share (50%) in the petrol segment and innovative product line (new product launch ~ every 6 months). Key risk seen from competition to its small-car segment from Tata’s Nano, rising input costs.

Short-term punt – RPL has been showing strong upward trend in recent weeks. For high-risk traders, above 200, RPL is expected to rise to 210-215 levels in the short-term.

Short-term punt – JP associates closed at 251.5. Stock has run up in the last few weeks quite aggressively from 220 levels. Short-term target of 265.

In view of RBI policy today, and Fed meet tomorrow, we expect markets to be volatile. RBI policy will be key determinant of how markets behave today. Support/Resistance seen at 5000/5050 and 5140/5200.

Ever wondered

1) Why in Christian marriages brides wear White colored clothes but in Hindu marriages it is considered inauspicious to wear White.
2) Why as teenagers, elders warn us against having sex and thereby producing kids. But once you get married, they want you to have sex all the time and produce multiple kids.
3) Why Hindi News channels speak in the national language (Hindi) but wear not so nationalist clothes (business suits). How come no one wants to wear Dhoti/Veshti/Kurta and dress like a true nationalist?
4) Why some people think its OK to eat a friend’s half eaten sandwich (called “jhootha” in Hindi). But when you tell the same people that the friend has AIDS or TB, they don’t want to even touch the person let alone the sandwich.
5) Why Defence Colony is called 'DefCol'; Punjabi Bagh as 'PBags', Kamala Nagar as 'Knags' but South extension is not called 'SEX'? (source :Vishesh)
6) …………………………..and you can keep adding to the list.