Monday, September 8, 2008

ON N DEAL

SINGH IS KING - Or has he surrendered rights of the country to conduct any future nuclear tests? The political debate over this would go on and on and would be a major plank for the coming elections in 2009. MFF had already mentioned that US will use the bullying tactics to get NSG approval! Hence the Q who is King remains! Mr.Singh our PM has been repeatedly saying that India is free to test but the recent leaked secret letter does not suggest the same. The Congresses Mr.Kapil Sibal may use any kind of language in debates over the television or the totally communal Rajdeep Sardesai may try to dig others, but the fact remains PM says we can test and Bush says India cant hence I understand one of them is lying! Common sense says both contradictory statements cant be true! Why is the general public being misguided? Can Kapil Sibal or Rajdeep answer these questions?

- We spoke of the political angle, lets come to commercial angle of it now since these factors will affect our shares first. The Nuclear Deal would bring in Investment of Rs.400000/- Lac Crores in the next 12-15 yrs and hence obviously companies are going to benefit. Mind you though we may see short term rally to 16000 we may not sustain as the market will realise this money is not going to come immediately! How many of you are ready to wait for 12-15 yrs to make huge money? ;-) Pls answer this question

- The deal is not yet on. The signing process would take 4 – 6 months from now
before it is activated. Can anyone answer how much time it would take before the first volt of electricity is flown out? Answer the Q on above link again then I will answer it finally.

- Lines from the earlier posting reproduced: Nifty is seeing good support level at
4200 and we should test 4600 - 4700