Mining can contribute up to Rs 11.25 lakh cr to GDP by 2025

Mining sector has the potential to contribute up to Rs 11.25 lakh crore to the GDP and create up to 1.5 crore jobs by 2025, Mines Minister Dinsha Patel said in the Parliament today.
    
“The government has prepared a strategic plan document ‘Unlocking the Potential of the Indian Mineral Sector’… The Strategy Paper has identified that the mining sector has the potential to contribute to around Rs 945 to Rs 1,125 thousand crore to the GDP…,” Patel said in a written reply to the Lok Sabha.

 The sector has the potential to “create 13-15 million jobs through direct and indirect contribution by 2015”, he added.
    
The paper, which has been prepared taking into account the vision emanating from the National Mineral Policy, 2008, has identified six key priority areas to achieve the potential including enhancing resource and reserve base, reducing permit delays and putting in place core enablers like infrastructure.
    
“In this regard, action as per the 12th Five Year Plan has been initiated by the government,” Patel said.     

He said the extraction and management of minerals had to be integrated into the overall strategy of the country’s economic development.
    
To a separate question, Patel said, as per information available by Indian Bureau of Mines, 1.16 lakh workers were employed in the mining sector, excluding fuel, atomic and minor minerals, as on June, 2013.

30th Aug ‘2013 Nifty Future Update

fri13

NIFTY  FUTURE closed 5415

Yesterday we have updated final resistance level 5420

Marked high was 5438 then Closed below our Resistance level 5415

Yesterday we have not given any Recommend in Nifty Future…..

If clear trend then only we will give recommend !!!

 

Today’s Nifty Future Resistance Yesterday’s high 5438

If not crossed 5438, If sustain below 5385

Next support 5350 & 5310 levels………

Once if cross 5438 & trade above 15 mins will see 5470 & 5500 levels

If comes higher level can create fresh shorts !!!

Please don’t buy at higher level

 More Live Market update to our clients only

Updated : 08.32am / 30th Aug

30th Aug ‘2013 Banknifty Future update

banknifty2

Banknifty Future closed : 8904

Today’s Banknifty Future Resistance 8945 & 9050 levels

Very bright chance to selling at higher level………

Again again we are writing “Every Rise Sell Sell Sell”

There is no strength in Banking stocks

Today’s support 8830 if trade below the level 8730 & 8580 next supports

More live market update to our clients only

Updated : 08.30am / 30th Aug

30th Aug ‘2013 Hot Calls

NMDC

nmdc

NMDC looking very HOT

Closely watch out 121.50…… If cross the level

Catch it !!! Rally expected upto 126 and 130 levels

catch me if u can

STAR (Strides Acrolab)

star 1

STAR looking very very HOT………. now trading 820

Today once if cross the level

We will expected 850 and 875 level

Which level will be cross ???

Clients special call

RCOM

rcom

RCOM trend decider level 110 & 125

If either side if close will move 20% movement

Higher level reversal 125…… Thereafter ?

HCLTECH OPTION

hcltechh

Aug 23rd we had writing ( If u have doubt click here )

HCLTECH will cross 1000 mark this Aug expiry while updating trading at 890

Yesterday made a high was 1023……..

Our Option position HCLTECH 940CE and 960CE both Total value 33

Yesterday Closed 140-33 : Rs 107 x 500 (one lot) : Rs 53500 Profit

That’s our POWER of Option

 

Rs 21200 Profit just 3 mins

speed call

Yesterday our Speed Call SESAGOA Fut

We gave buying alert at 184.75, Recommend lot 4 (8000)

After executed 184.75, Our selling Rate was 187.40

Achieved our Target 187.40 within 3 minutes

Rs 2.65 x 8000 : Rs 21200 Profit Booked

Updated : 08.22am / 30th Aug

PM likely to make statement on economy on Friday

Prime Minister Manmohan Singh told Parliament he was willing to make a statement on the state of economy on Friday, when the lawmakers asked him what steps the government was considering to take to deal with the falling rupee.

“I cannot deny that the country is faced with a difficult situation,” Singh said, in brief remarks to the upper house of parliament on Thursday.

“I don’t deny there are some domestic factors. There are also some international factors arising out of change in US monetary stance,” he said. Singh also cautioned that the rising tensions in Syria could have negative implications for oil prices. India imports nearly 80 percent of its crude oil needs.

 The rupee is the worst-performing major emerging market currency since May. It declined to a record low of 68.85 per dollar on Wednesday, posting its biggest single-day percentage fall since October 1995.

29th Aug ‘2013 Nifty Future Update

thursda

NIFTY  FUTURE closed 5288

Yesterday Nifty Future melted & made a low was 5108

Then taken Sharp rally made a high was 5318…… Then closed 5288

We gave sell of Nifty Future @ 5220 our tight stop-loss 5240 Triggered….

Our Motto was ” Loss Limited & Profit Unlimited ”

You know Two days back given 5400PE at 17…….. Yesterday Blasted 325

 

 

Today also huge volatile Day

Three Days trend line connecting 5345 level

Yes, NF Resistance 5345 level, If sustain above the level 5380  & 5420 next level

Today’s support 5235 if trade below the level will check 5180 & 5145 levels

Highly volatile day……. Be caution

Small investors better to stay away

 More Live Market update to our clients only

Updated : 08.43am / 29th Aug