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WE READY FOR ANOTHER 0.50% CUT IN CRR ON 15th March
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95% Chance of ANOTHER CRR CUT on 15th March
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The Union government is considering granting agriculture status to the seafood industry, including aquaculture. This old demand of the seafood industry is expected to be fulfilled in Union Budget 2012 , according to sources.
The seafood sector has an industry status and is under the control of the ministry of commerce.
Since fish farming is a fast growing business and similar to agriculture activities, the Seafood Exporters Association of India (SEAI) has been pressing this demand for quiet some time.
“The agri status will benefit the industry in a multifaceted ways,” said Ravi Reddy, president, SEAI. The fish production sector, especially aquaculture farms, are not getting sufficient loans from financial institutions. Once the status is granted, loans at lower interest rates will be easy and will benefit thousands of aquaculture farmers.
“The agri status will benefit the industry in a multifaceted ways,” said Ravi Reddy, president, SEAI. The fish production sector, especially aquaculture farms, are not getting sufficient loans from financial institutions. Once the status is granted, loans at lower interest rates will be easy and will benefit thousands of aquaculture farmers.
Because of inadequate finance and high risk in the production, insurance is also not provided to this sector. A majority of the aquaculture farms in the country are not yet insured, he added.
Also, power will be provided at lower rates, as in the case of farming. For the sea fishing sector, diesel might be available at subsidised rates for mechanised boats.
The country produced 145,600 tonnes of products through aquaculture yearly valued at Rs 3,585 crore in 2010-11.
Production increased 39.7 per cent as against 41,381 tonnes valued at Rs 1,054 crore in 2009-10
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What To Do Today........
Nifty....Today Face Resistence at......5325...5380...5455
Nifty.....Today Support at ....5155...5105...5065
Nifty Range...4200--------6600
TRACK ME RESEARCH......
NEXT TGT FOR
WE SHORT NIFTY @6100 TGT 5350 / 4800
OUR 1 TGT HIT NIFTY 5350 OUR 2 TGT ALSO
DONE 4850
DONE 4850
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Our Opininon for Today's Market.......
1.Stock Specific Movement Expected Today ......
INTRADAY HOT STOCKS: 27/03/2012
BUY TATA MOT@ 268 TGT 272/275 SL 265 book tgt hit
BUY COALIND@ 328 TGT 332/335 SL 325 tgt hit
BUY GLENMARK@ 300.5 TGT 302/305 SL 295 tgthit
BUY BANKS SL 1% moving
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buy 5200 ca@ 50 tgt 65/75/85 tg thit
buy nifty@ 5220 tgt 5245/5285 tgt hit
buy bharti@ 336 tgt 339 tgt hit
buy kotak bk@ 333 tgt 336/339 tgt hit
buy lt@ 1300 tgt 1310/1320 tgt hit
commditited
sell silver@ 57750 tgt 57500 tgt hit
sell copper@ 438 tgt 436 tgt hit
sell gold@ 28350 tgt 28300/28250 tgt hit
currency
sell usd@ 51 tgt 50.9/50.8/50.7 tgt hit
BUY COALIND@ 328 TGT 332/335 SL 325 tgt hit
BUY GLENMARK@ 300.5 TGT 302/305 SL 295 tgthit
BUY BANKS SL 1% moving
paid call
buy 5200 ca@ 50 tgt 65/75/85 tg thit
buy nifty@ 5220 tgt 5245/5285 tgt hit
buy bharti@ 336 tgt 339 tgt hit
buy kotak bk@ 333 tgt 336/339 tgt hit
buy lt@ 1300 tgt 1310/1320 tgt hit
commditited
sell silver@ 57750 tgt 57500 tgt hit
sell copper@ 438 tgt 436 tgt hit
sell gold@ 28350 tgt 28300/28250 tgt hit
currency
sell usd@ 51 tgt 50.9/50.8/50.7 tgt hit
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