Rail travel gets costlier as fares hiked by upto 20%

In the first hike in ten years, Union Railways Minister Pawan Kumar Bansal on Wednesday increased passenger fares by upto 20 percent across the board.

 The new fare will be effective from January 21 midnight. Indian Railways is looking to raise Rs 6,600 crore through the fare hike.

The Rail Minister said that extra revenue earned through the fare hike will be used to maintain cleanliness and safety. He also said that the Railways is making efforts to meet safety requirements. The minister added that there will be no fresh fare hike in the Rail Budget.

As per the new fare chart, the following changes have been made in the passenger fare:

2nd class ordinary suburban- 2 paise per Km

2 class ordinary non-suburban- 3 paise per Km

2nd class mail express train- 4 paise per Km

Sleeper class- 10 paise per Km

Ac chair car- 10 paise per Km

Ac 2 tier- 15 paise hiked earlier and additional 6 paise now

Ac first class- 10 paise per Km hiked earlier, in addition 3 paise per Km now

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SKS Micro Recommended on 04th January 2013

SKS Micro

SKS Micro Recommended above 165 for

Target = 175-185  on 4th January 13.

This call hit the target very next day and made high at 184.

There is no miracle or magic

behind this but hard research

based on experienced technical expertise.

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GIPCL, WIPRO & JSW Steel Share Tips

GIPCL

Staged a strong breakout above 73-74.75 region.

If crosses over yesterday’s high at 76.30 with vol

then expect rally up to 78-79.60

Support at 73.

Wipro

Continues forming higher tops and bottoms.

Buyers zone at 402-405

No worry for bulls above 397.

May blast up to 314-317.

JSW Steel

Breakout with volumes seen

Buyers region 845-852

Above 831 Trend is long.

Target = 876-882

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Nifty FUT Trade Setup For 8 January 2013

nifty-futures

THOUGHT FOR TODAY 
——————————
Getting On With It
Worrying about how everything will get done or whether I am capable of doing it limits my ability to respond to challenges considerably. The less I think about doing something and the faster I just get on with it, the fewer problems I cause myself. Good planning is always helpful, but time spent fretting and procrastinating is a major drain on my energy. The more willing I am to respond positively to opportunities, the more my capacity will grow.

Nifty Future

(Updated on 08-01-2013 at 07.40 AM)

Yesterday written that Nifty future has strong hurdle

at 6056-6072 Region for short term trend.

Nifty future made a high at, 6059 and fell back.

Now Actions for Today…………..

6013-5995 support region.

6035 intraday hurdle.

If holds this support and not breaking with crossover

above 6035 may rally up to 6051-6058.

Again 6059-6072 hurdle.

If Breaks below 5991 and stays 15-20 minutes below then correction

may extend up to 5970-5940.

This is not a trend reversal but will be healthy correction

and may last one to three days.

The major trend likely to remain intact.

once daily+weekly closing above 6040 happens

our first target will be at 6170-6206.

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SAIL Hit our Target = 101

SAIL

Stock was recommended on 02.01.13 at 93.50

For target of 96-101.

Trades may book profit or Trail SL at 98.50

Winfall gain of more than 8% in just four session.

Thats how our subscribers minting money everyday.

What else you need?

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Reliance Industries Trading Call

Reliance-Industries Ltd

Reliance Industries

Finally, Stock has achieved its Positional Target at 871 today

and made sharp retracement.

CMP while updating this is at 856.

Recommended at 840 and added even at 844-848.

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