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Monday, July 28, 2008

Ten steps that India should take to take the battle against TERROR

"Forgiving a Terrorist is left to GOD.But fixing their appointment with GOD is our Responsibility"-INDIAN ARMY
Thousands of people across Indian cities would have skipped birthdays and dinners and long-delayed shopping trips on Sunday because of fears of terror attacks.
Terrorism is no more a faraway blip on the radar in conflict areas. It is thumping at the doorsteps of cities that never had any experience of such bombings -- from Lucknow to Varanasi to Jaipur to Bangalore to Ahmedabad. India has entered the era of Easy Terrorism; bombs can be made for as little as Rs 25 in a few minutes.
We suggest ten steps that India should take to take the battle against terror from rhetoric to impact:


Create a network of surveillance cameras:
Britain successfully fought terrorism with them. And they do not cost a bomb. A good quality four-camera system that will pan and take images from all directions for up to 60 feet costs just Rs 11,500.
Five thousands such cameras in New Delhi would cost Rs 57.5 crores. That is worth a single big Bollywood movie – that is the amount Saawariya and Jodha Akbar reportedly earned at the box office.
They will be a deterrent not just against terrorists, but traffic violators, eve-teasers, chain-snatchers and killer drivers. And for places like railway stations and bus terminals, the same cameras will see in darkness as well – for Rs 3,500 more.
"There is no demand of cameras for public safety. People think they are only for spying," Ahmedabad-based surveillance equipment seller Mehul Shah said by telephone hours after the serial blasts in the city.


Pump money into forensics:
India 's forensics capability sucks. We do not believe in using science to tackle crime and terrorism, the most effective way worldwide. Apart from some centres of excellence, little attention has been paid to sprucing up our forensics laboratories in the states. In Jharkhand, it was actually running until recently in a cowshed.
Investment in forensics would not just help get crucial leads in terror cases, but help solve other ordinary crimes.


Give more work to the RTO:
Introduce vehicle tracking and identification systems at the time of car registrations across states, with a central database. Make them mandatory fittings; help out carmakers with tax breaks on the equipment. This is very doable.

Shopkeepers as sleuths:
Low intensity bombs, the kind of which used in most recent bombings, were made from fertilizers and materials commonly available in the market. If we can make internet café owners more aware, vigilant and responsible, why not the hardware store guy and the fertilizer seller? This is admittedly a tough task, but some regulation on sales of potentially deadly chemicals, and education of the sellers, could go a long way. Is a person who looks nothing like a farmer or gardener buying ammonium nitrate?

National ID cards:
More than 180 million Indians do not have even voter ID cards after Rs 1,500 crores have been spent on the project for 15 years. The question of a national identity card – once proposed by the BJP government – remained mired in politics.
Across the border in Pakistan , officials have done it seamlessly: The National Database & Registration Authority (NADRA) has issued 60 million ID cards, and is set to issue them to all 150 million eligible Pakistanis. Pakistan ahs also launched multi-biometric E-Passports with sophisticated security features.


National law on terror:
Bring a national law to deal with terrorism. The 2002 Prevention of Terrorist Activities Act (POTA) was being misused in many areas, but what was needed was to fix those problems, not throw out the law altogether.

Create a Department of National Security:
Dealing with terrorism is a state subject, and officers in many states find themselves at sea. A national organization – perhaps modeled after the National Disaster Management Authority -- should be created that deals directly with terrorism and has specialized crack units all over the country, which seek help as and when required from state colleagues.

National database of suspects:
If a terror suspect from Ahmedabad walks out of India through the land border with Pakistan, the security guard at the immigration counter has no way of knowing who he is. Create a national database of suspects connected in real time to the Interpol database.

Bring in the CBI:
State police in India have a conviction rate of 20 per cent – compared to 70 per cent by the CBI. The agency's hands need to be strengthened and terror cases need to be handed right away to the CBI, not after evidence has been ruined, leads have run out and state police cannot do much.

Police the police:
Last – and the most important – infuse life into the beat constable, and do not bog them down with work that has nothing to do with the police force. The beat constable is the person who will first spot the stranger in the neighbourhood, the unclaimed bag and the suspect late night buzz on the third floor – and possibly save lives

Somebody took effort at-least to think about it, just reproduced his words here (source unknown)

Thursday, July 24, 2008

Island Reversal


I see that on the 5 min chart there is an Island reversal pattern formed and thus there are good amount of chances that nifty would go down from here.I am not very good TA but trying hard every day to study something. I have not read on this topic throughly so not very sure of it giving the desired result, but still a try. Actually the Gaps on bot side are not of equal size thus i am worried weather it will go down or not, otherwise i guess 3950 should surely come. lets see how it turns out , i'll try to read more on this topic and also try to take advice from some one who is good at the topic. ...till then good bye happy trading ...chow(ciao)

Tuesday, July 22, 2008

Yu Hu ...Market rallying rocket speed..................................................

I was very sure that this will happen but not sure that market would go up at such a high speed . It went like a rocket speed we this speed i guess we may go beyond our targets of 4500. Keep taking some Profits and keep raising ur stops as good practice as we never know what lies ahead.

Monday, July 21, 2008

UPA ...will the get the needed support???

I don't know why but my gut feeling is saying that the government will not fall and we will have the rally upward till 4500. But can we be ever sure of Politicians????If the scenario goes other way round then we still will have rally but downward to 3500.
I think one should wait for the decision to come and then accordingly take the position. On charts we have crossed the 20 day moving average and thus giving us the bullish signals. Hopeing for the best and prepared for the worst.

Monday, July 14, 2008

Charts Showing Bearish Flag

I said we should go for Shorting there is a reverse flag set which is Broken today and thus i feel that we must now go to 3600-3550 . The reverse flag target comes near to this values also the instabilty of government can add to markets falling and thus we may reach these levels for sure.

Monday, July 7, 2008

Very tricky situation coming

$ is gaining strength and commodities market is going down. In my last post i had written that the Gold may go high but with commodities taking a hit it will be tough for Gold to rise but with the rising $ the Gold should go up this makes it very tricky.

I feel one should go short on market now as 3600-3500 seems to be very near after which one can wait for market to take direction and then act accordingly.

Tuesday, July 1, 2008

Gold Ridding High .... Oil-Gold Ratio low

Oil-Gold price Ratio is very low as compared to the history so there are chances that the gold Prices may shoot but since there is high volatility in Oil and gold Prices so one must have good strategy to take the position in gold with proper stop loss. Nifty has moved below 4000 level thus making 4000 now as resistance ... point which I believe is when we were riding high we went beyond the limits and same is happening again we were going down and now we are over doing it , people will now start felling that the market will keep going down and thus will start booking the losses and smart people will start to accumulate the stocks and positions from here for the long term benefits.... technically 3600 seems to be coming but after that there will be huge uncertainty according to some wave theory followers according to them we may fall into the long term downward cycle or we may start again the upward journey again. I don't see any positive news coming from anywhere how are we going to get into positive cycle.

I personally feel that we may touch the 3600 on NIFTY and play around there for some time and watch the behavior of the economy and then there on we will move into either the positive or negative cycle.