Citizens' Issues
Public Interest Exclusive
QNet: EOW arrests V-Elite leaders Sandeep Kalra and Hitesh Miglani

Kalra from Delhi and Miglani from Bangalore have had pocketed lakhs of rupees through the MLM scheme and organised several training camps to lure investors. Both were intercepted by immigration authorities as their names were on a look out circular issued by EOW


The Economic Offences Wing (EOW) of Mumbai Police arrested Sandeep Kalra and Hitesh Miglani, senior independent representative (IR or agents) of controversial multi-level marketing (MLM) company QNet. Both were picked up from Delhi International Airport. Meanwhile, the MLM and its leaders are also booked under the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954 as well for selling plastic and glass products terming them miraculous objects for treating severe diseases like Cancer.
Kalra and Miglani were intercepted by immigration authorities at the Indira Gandhi International Airport at Delhi last night, say media reports. Both belong to the ‘Infiniti’ team at QNet and part of V-Elite leader’s team. 
The duo, who arrived from Dubai in separate flights, was stopped at the airport as Look Out Circulars (LOC) were issued against them by the EOW probing the case. 
The two suspects, who were suspected to have had pocketed lakhs of rupees through the scheme and organised several training camps to lure investors, have been subsequently brought to the metropolis and placed under arrest this evening, police said.
The LOCs have been issued against those whose statements have been necessitated in the probe but did not appear before the investigators despite summons.
Kalra hails from Delhi while Miglani is from Bangalore, police said adding that this is the first arrest of those against whom LOCs had been issued.
The EOW had earlier arrested 15 persons for allegedly duping investors by selling QNet products, including magnetic disks, herbal products and holiday schemes, through allegedly fraudulent means.

The EOW has invoked the stringent Maharashtra Protection of Interest of Depositors (MPID) against the company which has denied any wrongdoing on its part.
QNet has also been accused of using the banned binary pyramid business model. An FIR in the case was registered in August in 2013. The accused had been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.
EOW booked 19 accused including Michael Ferreira, the former world champion of billiards and five companies related with QNet, under the MPID Act. This means all the cases against QNet, Vihaan and all those involved in the MLM scam would be heard before the special MPID Court. Until now, the accused were being investigated for cheating and forgery under the Prize, Chits and Money Circulation Schemes (Banning) Act 1978, and for money laundering by the Enforcement Directorate (ED).
Gurupreet Singh Anand, a computer consultant from Lokhandawala, Andheri in his first information report (FIR) stated that his wife was duped for Rs30,000 by some people who had introduced themselves as the independent representatives (IRs) of QNet. Anand told the police, “They (IRs) had said that one of the bio-products my wife bought could be used to treat my 12-year-old son's brain-related diseases.”




1 month ago


Ever since you lost your hard earned money in QNET SCAM, you all have multiple questions and facing multiple issues like :

1. Where and whom to approach for recovering your hard earned money?

2. How to help fight and stop this QNET SCAM?

3. How to teach your CHEATER UPLINES a lesson?

4. Issues regarding the “so called” “REFUND POLICY”.

5. Are you eligible for “Compensations”?

6. Issues regarding action buy police authorities.

7. What is the status of the court cases etc.

These are an example of just a few issues and concerns you are facing, but there is GOOD NEWS for you all. We have been working overtime to try and bring an end to these woes and issues faced by Victims of Financial Frauds like this QNETSCAM.

So guys and girls tomorrow is the BIG DAY finally , Please do join us tomorrow (Sunday) afternoon at 1.30 PM sharp at Andheri east, outside Sarangi Restaurant (Just 1 minute from the Andheri station on the east side).

Please do come and also inform other victims of the QNETSCAM.
Tomorrow (Sunday) afternoon sharp 1.30 PM, outside Sarangi Restaurant , Andheri-east, Mumbai.

Please note we have limited seats, first come first served basis make sure to reach in time __/\__ . You can contact on 7498063701 in case of difficulty in locating us :)

Jai Hind.

jitu moni

1 month ago
Four persons, who were associated with Hong Kong-based QNET, a multi-level marketing (MLM) company, and duped 200 persons by promising them jobs, were arrested by Central Crime Station (CCS) officials on Thursday. However, the MD and directors of QNET and its sister company Vihaan Direct Selling are still at large.

Deputy commissioner of police (CCS) Avinash Mohanty said Sreenath Konda, Prasanna Kumar Reddy, V Kanchana, B Dhan Raj were arrested from different locations in the city for cheating people.

Police said the accused had been enrolling gullible people as agents by collecting Rs 10 lakh from a group of 10 persons.

Each person would be given status of promoter, direct them to attract a group (i.e., 10 persons) and make them join QNET by paying Rs 10 lakh, for which the promoter would be assured commission.

jitu moni

2 months ago
Mumbai: The Supreme Court on Thursday directed the Maharashtra Government to file the latest status report regarding investigation so far on the anticipatory bail plea of World Billiards champion Michael Ferreira and four others, who are facing charges of money laundering in the multi-crore QNet case.

The next hearing in the matter will take place on September 14.

Besides Ferreira, the others whose anticipatory bail plea were rejected were Malcom Desai, Vanka Srinivas, Maganlal Balaji, all directors of M/s Vihaan Direct Selling (India) Pvt. Ltd, and Suresh Themiri, director of Transview Enterprises.
They are facing charges under Sections 420 (mischief), 468 (forgery), 471 (using forged document knowing it is not genuine) of the Indian Penal Code (IPC).

Justice Mridula Bhatkar of the Bombay High Court, who took on record the statement of public prosecutor Pradeep Gharat that investigations were still on, had in May rejected their anticipatory bail pleas.

Ferreira had started the operations of QNet, a multi-level marketing company, in India via his firm Vihaan Enteprises.

The QNet cheating case began with a complaint by Gurpreet Singh Anand, who raised his voice after losing Rs. 30,000.

According to the police, the money involved has crossed Rs. 1,000 crores in the alleged scam with more than five lakh investors allegedly losing their money in the case against QNet which is being probed by the Economic Offences Wing.

jitu moni

3 months ago
NewsAmbit, New Delhi
Delhi Police Economic Offence Wing(EOW) has registered an FIR against QNET India/Vihaan Direct selling India Private Limited and its three independent representatives on the allegations of cheating and fraudulently operating the multi level marketing, which is illegal in India. Police have initiated the investigation and suspecting huge scam, which is estimated in crores.
A senior Police officer of EOW said that we received a combined complaint against QNET India and its three independent representatives from more than dozen of people in the month of March this year. As per the allegations of main complainant Anuj Jain alleged that his friend Himashu Aggarwal approached him for an business opportunity. He said that he is an independent representative(IR) of an e-commerce based company. He said that he can arrange an meeting with the other IR’s who will tell you about the business and if they find you suitable you will get chance to be a part of the company. After few days Himanshu called Anuj Jain to come with a CV at a café situated in Nehru Place area on 29 November 2015. Anuj reached there, where he met with Himanshu and his to associates Anita Jaggi and Kanika. Trio told him about the business profile and also assured that this is not a networking marketing company. They demanded Rs 6.5 lakh to be a member of the company. They also said that company has millions of customers. IR of the company is treated as a partner and also got the profit share for each sale. After three four days Anuj gave them 6.5 lakh rupees but after some time he got to know that this is a multi level marketing company and fraudulently cheating innocent persons by roping them in it’s banned business with the help of IRs.
Police said that Anuj is not the only complainant so many more complainants also approached to EOW. After which a preliminary enquiry had conducted. It was found that some persons who are termed as IR contact their friends and close persons to join a new e-commerce business. They don’t tell the name of the company or complete business module at the beginning. After alluring them they set various amounts from the victim. Independent Representatives(IR) get training during the joining and talk to make further members. These kinds of IRs of the company are operated from different cafes and food courts situated in Delhi and NCR.
Those who join the company get user id etc and products like ravel packages, some other items etc are shown purchase from their money. The delivery address given in the portal is also found of overseas area most of the time and mostly that address is too fake type location only which shows that no products are being sold and it is a completely a money circulation scheme. Two websites were found involved in the namely and were found mated to Vihaan Direct selling (India) Pvt ltd which is stated Indian Franchisee of Hong Kong based net company. Investigations are on. Police are trying to unearth the whole network of the IRs on which this company is running its business unlawfully in Delhi. A case has been registered u/s 420/120B/34 IPC and 4/5/6 of Prize Chits and money circulation Schemes(Banning) Act,1978 .

Profiles of IRs
Himashu works with Samsung
Anita Jaggi works with RBS

atul gupta

3 months ago

Be ready to fight against QNET and all your uplines including friend.
Find QNET REFUND and FIGHT AGAINST QNET procedure as below.
1st Option
If your purchase on product receipts is in INR rupees then with in 30 days of purchase or if your purchase is in USD dollar then with in 7 days you can send email to Qnet customer support for refund otherwise Qnet will deny you refund. Then go to 2nd option which all need to go for even after you get refund to get QNET banned from India and to save our brothers & sisters.
1. Get your IR ID first.It will come to your mail box once your upline register your email id on portal. If email id is given wrong then call Qnet customer support numbers and complain about your upline. Ask your IR ID and products purchased details from them.
2. Send a cancellation mail to the support team of QNET with a subject line as "REFUND IN****".
provinding all details of transactions and product details.Usually IR number will be like IN4444 and all. Attach scanned PAN CARD and product receipts in the mail to them.
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
3.Once this mail is sent, the support team will create a CRF number and sends to Hong Kong team for approvals for the refund request. It will take 15-20 working days for the approvals for refund request.
4.Meanwhile, mail them or call them on every alternative days for an update.
9900060605-rekha,jasvinder kaur
5.Once Refund request is completed ,they ask for the mode of payment.
Ecards or Account Money transfer. Better go for Money transfer to your account.
If you opt for account transfer, then you have to send a scanned copy of your account cheque leaf or bank statement.
6.After 20 working days, you will get your money refunded of the product to your bank account.
7.Rest of money left , you collect from your upline by filing complaint in local police station.

2nd Option
pls all go for 2nd option even if you get money refunded as per option 1 by QNET to ban QNET and save indians.
File written complaint/FIR against your friend and all uplines at local police station and write in complaint that QNET is running money circulation scheme which is banned in india as per prize ,chit and money circulation scheme ,1978. Your uplines will be called by police and they will return you money through QNET or themselves as you can not get refund from Qnet after one month is over if products purchased through indian portal and after 7 days if purchased through world portal. Warn your uplines that you are going to file complaint/FIR against them. Besides above process kindly by post or by hand send your complaint to THE DCP, ECONOMIC OFFENSES WING, MANDIR MARG, DELHI also to ban QNET by using format of complaint given below.
In your complaint attach uplines photos, mobile numbers, your bank account statement if you transferred money from your account to upline account or cash/DD deposit receipt, pan card, address proof, purchase receipts. Mention in your complaint that meeting took place nearby your home or office otherwise local police will ask you to lodge complaint at police station where actual meeting took place. File complaint at your nearby police station and EOW DELHI both to fight against QNET. Do not sign any affidavit asked by your uplines to give back your money. Please whatsapp me at 9871853120 only if any confusion.


4 months ago

After receiving the complaint from a group of people, the central crime station is now investigating the scam.
Company officials asked them to pay around Rs 1 lakh as charges for registration, investment and training fee. (Representational image)
Company officials asked them to pay around Rs 1 lakh as charges for registration, investment and training fee. (Representational image)
Hyderabad: A new multi-level marketing scam (MLM) has surfaced in Hyderabad with around a 100 victims losing money in the controversial QNet scheme.

Several people have come out alleging that they have lost lakhs in the dubious scheme and has demanded arrest of the managers, who have fled with crores.
After receiving the complaint from a group of people, the central crime station is now investigating the scam. The Singapore-based QNet Private Ltd had already run into trouble with the law in Bengaluru and Mumbai police due to the same scam.

The victims, mostly fresh graduates and college dropouts, alleged that they were lured by some people claiming to be company officials who offered them a high salary and commission to do ‘e-commerce’ for QNet products.

Company officials asked them to pay around Rs 1 lakh as charges for registration, investment and training fee. However, the QNet officials neither provided them any job nor gave back their money even after a year.

After several complaints poured into S.R. Nagar police station cops found out that a QNet office was operating in Ameerpet, where most of the victims had paid their money. An FIR was registered in S.R. Nagar police station against company officials and later it was transferred to CCS.

“A person named Ramesh Kurmetti and his associates run the firm. He and others had been avoiding us for the last one year whenever we asked our money back,” said P. Vishwa Teja, one of the victims from Ameerpet.

The youngsters came to know about the company through Facebook and by word of mouth. “We were told that we will be getting around Rs 30,000 as salary as we add more customers and agents into the scheme. They asked us to get trained and promised that we would be selling their products like Bio Disc, Bio Light etc. However, nothing of that sort has happened so far,” said another victim M. Avinash.

Many people have paid Rs 2 to Rs 3 lakh while some paid Rs 1 lakh. The company officials had promised their commission would be higher according to the investment they put in.

While it is yet to be calculated how much money has been looted by the company officials victims claim that it would be around Rs 5 to Rs 8 crore.
Meanwhile, the police has not made any arrest so far in the case.

“We had registered a case after taking the complaint. Since it was an economic offence with a lot of money involved the case was transferred to CCS,” said S.R. Nagar inspector Md. Waheeduddin.

jitu moni

5 months ago

Bluru QNet agent who earned 50L a yr as commission held
Mumbai: The Economic Offences Wing (EOW) has arrested Ram Singh, an accused in the Rs 1,000 crore QNet case, for earning Rs 50 lakh or more as commission each year from proceeds of the crime.

Singh, a Bengaluru resident, was arrested last week after the imigration authorities at Bangalore airport detained him over a look out circular notice (LOC) issued by the Mumbai police. "We are going through all his bank account details and trying to ascertain the source of money to his account," said DCP Pravin Padwal of the EOW.

Singh's name had cropped up during the initial investigation in 2013 but the police could not locate him then. In January 2015, a police team visited his Bengaluru residence but did not find him there. The house was locked. He is the 19th accused to be arrested in this case so far.

"We are working to arrest all the culprits in this case. A special investigation team has been formed to nab the othe accused invovled," said Dhananjay Kamalakar, joint police commissioner, EOW. Singh, said police sources, has been sending money to his daughter who is studying in Canada. "We have to know his source of income. He has sent a major chunk of money to Canada. We suspect this money was gained from QNet. Moreover, he was looking after the QNet business in Dubai and has been shuttling between Dubai and India. We got his passport number late. Soon after getting it, we issued an LOC notice and he was detained," said an officer.

A special MPIDA court in February this year rejected the anticipatory bail plea of Michael Ferreira (77) winner of the World Amateur Billiards Championship and a Padma Bhushan recipient, and four others, Malcom Desai, Vanka Srinivas, Maganlal Balaji, all directors of M/s Vihaan Direct Selling (India) Pvt Ltd and Suresh Themiri, director Transview Enterprises. They all have approached the high court now in the QNet case.

"They posed as a marketing firm which would sell bio-discs, watches, herbal products, holiday packages, etc. They even claimed that by using the bio-disc, one can cure cancer and brain diseases," cops said. Some money has been transferred to Malayasia, Singapore and Hong Kong, too, cops added.

jitu moni

5 months ago
Mumbai: The city's economic offences wing (EOW) is now looking into allegations that several Bollywood celebrities campaigned for the cheat firm, QNet, through advetisements or by promoting the schemes of the self-proclaimed marketing firm.

Gurupreet Singh Anand, complainant in the Rs 1,000-crore QNet cheating case, on Wednesday said at least four Bollywood actors promoted the Ponzi schemes at different times in the QNet's promotional programs in United Kingdom and Malaysia. He has submitted a 23-page letter wherein he has attached the celebrities' pictures promoting the programs.

"I have submitted letter and all the relevant information to the EOW on May 12. I am hoping some action soon," Anand told TOI. He alleged that the money was laundered from India to Hong Kong and Malaysia.

Anand was speaking at a press conference where suddenly a group of QNet sympathisers appeared with "I trust QNet" placards.. They were later asked to leave the conference room.

jitu moni

6 months ago

QNet: Secret SFIO report says MLM, Ponzi schemes a threat to national security
Read article

jitu moni

6 months ago

Hello Everyone

The company Qnet is celebrating VCon from 3-7 May. As a present,yesterday late night, I posted lot of comments on numerous pics uploaded on Instagram. I also posted on VChief Pathmans account. Unfortunately, they kept deleting my posts and had to ultimately block me. If each one of us, Indians, takes to instagram and starts posting messages like me, then they would have to either block us or abandon their account, which is their money making tool. You can start with Qnetofficial,TheV, Pathmans account, etc with phrases like Pyramid Scheme, Qnetscam, Franchise Fraud, Police arrests, court cases,Cheating, etc. They cannot stop us if we all work as one unit.

Hope we all teach them a lesson and save other fellow Indians.

Jai Hind


Sandeep Nair

In Reply to jitu moni 5 months ago

What is the difference between quest net and the v? Tommorow i am meeting someone which i am quite positive going yo sell me v. Please reply


In Reply to Sandeep Nair 5 months ago

No difference. They use different names to hide their original identity. All these schemes, GQ, QN, QNet, V (it stands for main promoter Vijay Eswaran's name) club, V elite etc. are part of the QI group that is under scanner of investigation authorities across the world.

jitu moni

6 months ago
CM Devendra Fadnavis has assured detailed inquiry into QNet: BJP
Chief minister Devendra Fadnavis has promised to make a detailed inquiry of the alleged irregularities by the QNet multilevel marketing company and take action against the offenders, said BJP spokesperson Madhav Bhandari on Saturday. Former union minister P. Chidambaram’s wife was a legal counsellor with the company.

The QNet company, which was earlier known as Goldquest, has cheated 12 lakh people to the tune of thousands of crores of rupees. The court has rejected anticipatory bail to the accused in this case. When the CM was contacted about this, he promised to make a detailed inquiry and take action. If necessary, he said that the CBI’s help would also be taken, said Mr Bhandari.

The party spokesperson demanded that the role of former Union minister P. Chidambaram and his wife needs to be probed in this case. “Mr Chidambaram’s wife was a legal counsellor of the concerned company. Taking note of complaint registered by a lawyer from Chennai, the Central Vigilance Department handed over the case to the CBI. The complaint also has a mention of former Union minister Shashi Tharoor. However, the CBI did not investigate the matter during the tenure of Congress government at the Centre,” he alleged.

In Maharashtra, the wife of Gurpreet Singh Anand had in 2013 filed a complaint of fraud against the company. However, there was not much inquiry during the Congress-NCP regime. But since the court has denied anticipatory bail to other accused, including sportsman Michael Ferreira, the investigation can be expedited. Many sensational things are expected to come out in the investigation as the CM has promised to carry out a detailed probe in the case, said Mr Bhandari.

jitu moni

6 months ago

The fight against the Qnet scam wheré more than 7000 crores of rupees has been laundered out to foreign shores from India has just got bigger.

The Saradha Scam which started mainly in Bengal looks relatively smaller compared to the Qnet scam which had defrauded people across various cities like Mumbai,Delhi,Bangalore,Hyderabad etc for over a period of 10 years.

To unite and protest against this MLM scam plaguing India, all victims,activists, are requested that they gather outside Holy Family church,Hill Road,Bandra West at 10.30 A.M. tomorrow 24th April,2016.

Various press and media agencies will be present to cover the event meet and address grievances to authorities.

The current government has taken note of the Qnet scam and matter will be taken up at upcoming Parliament session.

All Indians are cordially invited to support the cause and join in the protest. We need to end the scam by spreading awareness and recover the money taken away by the scamsters.

A request to all to please forward this message on Facebook, twitter and WhatsApp groups... Jai Hind


6 months ago

The Koramangala police along with officials of the Central Crime Branch busted the international multi-level marketing (MLM) company QNet and arrested five persons who were collecting lakhs of rupees from the gullible people promising foreign trips and higher returns.

Based on a complaint filed by a victim, Nitin Vaidya, police officials from Koramangala searched a coffee shop and arrested Sanjay Suri (32) and U. Nikil Santosh Kumar (29) from Telangana, Naren Sharma (28) from Himachal Pradesh, Susheel Shanghvi (34) from Mumbai and Prashath Kumar (34) from Kerala and recovered six mobile phones, a car, a bike and Rs. 11,510 from them.

According to the police the accused — engineering, MBA and MCA graduates, who were part of the QNet chain-link company based in Hong Kong — had lured Mr. Vaidya to invest Rs. 7.8 lakh promising a trip to London and also assured high rate of commission for getting more members into the company. However, Mr. Vaidya claimed that he was neither sent to the trip nor they returned his money following which he approached the police on April 10. On questioning, the accused confessed that they have also been cheated but they decided to get more members to the company’s fold to recover their amount. The police are investigating to track the prime accused, based outside the country.


6 months ago

Adding to Hong Kong-based public relations firm Qnet’s woes, the Bombay High Court in a recent order rejected its appeal against an order to freeze its accounts by a Maharashtra Protection of Interest of Depositors (MPID) court.

The appeal in the HC on October 13 was filed by Concept Public Relations India Limited, which acted as a media co-ordinator for Qnet. The latter is being investigated by the Economic Offences Wing (EOW) for a financial scam involving ‘chain link multilevel marketing’. According to the police, people were encouraged to pay an amount and join as ‘members’ with the promise of high commissions for getting more such ‘members’ into the organisation. In the process, the appellant had admittedly received more than Rs 45 lakh as service charges. During the course of the investigation, the bank accounts of the appellant were frozen.

The counsel appearing for the company submitted that the company was only providing media and public relation services to Qnet. Being a professional services organisation, the company acted as a media service provider as proposed by Qnet, he contended, adding Concept is providing services to the other reputed organisations also and that the professional charges earned by the company cannot be frozen.

The Special Public Prosecutor told the court that the scam allegedly involving Qnet runs into hundreds of crores of rupees and is being investigated by the EOW, and that the investigating agency had sufficient material to freeze the company’s accounts.

Help Them to Live in Dignity
ALERT-India reaches out to persons affected by leprosy even in cases where complete cure is difficult 
Leprosy is a disease riddled with misconceptions and shrouded in myths. Patients do not realise that their pale, numb, non-itching patch of skin is, in fact, the first sign of leprosy. In 1975, Antony Samy, as a young aspirant studying social sciences at Mumbai, had witnessed the dismal condition of persons affected by leprosy living in ghettos in one of the suburbs of Mumbai. Soon after acquiring his Master’s degree in social welfare administration, he brought together a few like-minded people and founded ALERT-India to detect, treat and cure this disease well before those affected suffer social exclusion. The physical, social and economic suffering that leprosy patients are subjected to motivated Mr Samy (CEO, ALERT-India) to establish the NGO in 1978. 
ALERT-India (Association for Leprosy Education, Rehabilitation and Treatment-India), as a voluntary charitable organisation, started its work more than three decades ago with a vision to eradicate leprosy from our country. The NGO’s main battle is against superstition and the fear of ostracism that makes patients shy away from acknowledging ailments such as leprosy.
Consequently, this age-old disease still lingers in our cities and villages largely due to ignorance and social myths that add to the fear and stigma that surround leprosy.
Over the years, ALERT-India has evolved from a single clinic operating in Vikhroli (a Mumbai suburb) to carrying out leprosy control activities through 125 leprosy referral centres (LRCs) in 14 districts of Maharashtra and one in Chhattisgarh. Each district is divided into blocks and several foundations and corporates, such as State Bank of India, HT Parekh Foundation and All Cargo Logistics, have chosen to support the leprosy control activities of ALERT-India in selected blocks.
ALERT-India has treated and cured over 48,000 patients of leprosy in the past 36 years. Rehabilitation is provided in several ways—physiotherapy, specialised micro-cellular rubber (MCR) footwear, counselling about self-care as well as educational grants for leprosy-affected or their children. Patients are given treatment, counselling and physiotherapy services free of cost in special clinics where, besides medication, services like skin smear diagnostic facilities are also provided.
Advocacy of patient’s rights is also an important and integral part of ALERT-India’s work. Several ex-patients or their family members are employed by the organisation. ALERT-India also helps patients to avail government welfare schemes for which they are eligible.
Awareness-building, especially for school and college going children, through audio-visual talks at educational institutions, exhibitions, album talks and community-based education, forms a large part of ALERT-India’s activities. CMEs (continuing medical education) as refresher courses on leprosy for doctors are also undertaken. It is important that treatment starts at the earliest stage to prevent deformities. Free medical therapy is provided through the latest MDT (multi drug therapy) regimen which renders the patient non-infectious with the first dose itself. 
ALERT-India partners with more than 60 NGOs and CBOs (community-based organisations) from the health and development sector as well as with local self-government (municipal corporations & councils) and the health departments of Maharashtra and the Central government in the fight against leprosy.
Donations to ALERT-India are exempt under Section 80-G of Income-Tax Act.
Association for Leprosy Education, Rehabilitation & Treatment-India
B-9, Mira Mansion, Sion (West), Mumbai - 400 022, India
Telephone  0091 22 2403 3081-2, 2407 2558, Fax: 24017652




2 years ago

Brief ; Even after matter of membership is settled by the bench of Mumbai HC with the PIL-474/1996 and then again rejected from HC/ WP-5771/1997 with a remark ‘as it is an abuse of the process of law’ and finally Supreme court (SLP (civil) No 10922/98) kept HC order intact but society MC is still paddling the same argument keeping concealed information from the high court.
Since last 16 years we 315 members battling for membership of ’Shree Ganesh Co-operative Housing Society’ would like to bring your notice a serious violation of ‘FUNDAMENTAL RIGHTS’ and continue to contempt of LAW & JUDICIARY by the MC.

Book Review of 'Trend Trading set-ups'
High probability trades based on price and volume trends
There are many ways to trade in the markets. The most popular one is trend-following. Prices in all markets—commodities, currencies and stocks —tend to trend, from a few days to a few weeks. Trend-followers try to identify a rising or a falling trend and ride it. This sounds simple. Indeed, the chart of any traded financial instrument will show trends. However, what you see in the chart is the past. Trends can end abruptly. Sometimes, they end and then resume immediately. It is very difficult to get into and out of trends because at the time you take a position in the direction of a trend, you do not know the duration the trend will last. 
Trends are followed by experts and novice traders alike. The greenhorn trader uses it because it’s easy. The expert trader uses it because, after many years, realisation dawns that it is futile to try to anticipate anything in the market. It’s prudent to just trade in the direction of the established trend. Traders, like Ed Seykota, Richard Dennis and Paul Tudor Jones, have made millions by following trends. But this requires a lot of study, deep belief, patience and discipline. Few have it.
There are many books on trend-following (many of which have been reviewed in Moneylife). But LA Little, a trader and a columnist with websites like and, has a different approach. He wants to zero in on high probability set-ups under any market condition based on past data of only price and volume. 
The book is divided into seven chapters. The first three in Part 1 give you the fundamental concepts of Little’s system. Chapter one discusses how to identify trends and how long they can last. What kind of expectancy can one have of trends, especially since many trends would fail? Little shares a lot of interesting details. For instance,  intermediate bullish trends can last 25 bars. 
The next chapter describes key trading concepts of anchor bars and zones that define where prices can turn. Chapter three explains the influence of broader market trends on individual stocks; after all, most stocks tend to move in the direction of the general market and the specific sector. This helps in deciding the trend of a stock within the overall trend of the sector it belongs to. These three chapters are drawn from Little’s previous work Trend Qualification and Trading which I had reviewed in Moneylife (Issue 22 September 2011). 
Part 2 starts with formulating a workable trading plan, which includes determining trend direction and strength, the time frame to trade in (intraday, daily or weekly), timing entry and exit and also trading size, scaling in and out of trades and estimating the risk-reward ratio. Chapter 5 discusses trade set-ups. Little argues that there are really two types of trade set-ups: breakout and retraces. This is not an original idea, in price analysis. All momentum-based traders look for breakouts. And all those who look for reversions, wait for retraces. But Little’s view is radical. He believes that all other set-ups, all the countless variations, patterns and indicators, are extensions of these two basic trade types, basically. Chapter 6 discusses trading in sideways market while the last chapter explains trading of breakouts and retrace. 
This book is important because Little uses only price, volume and time to create trading signals supported by his analysis of past data. The focus is on staying close to measuring demand and supply—the two factors that are the main determinants of price. Simplicity is the basis of Little’s approach. He frees the trader of numerous rules, patterns and the many variations which  fill up popular books on technical analysis, leaving them confused. The book is a worthy addition to the serious literature on studying price patterns.


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