The markets today was volatile as the expiry date of February derivatives contracts was due. We may see some more volatility tomorrow too. The rally seen in the last 3 days seems to be coming to an end. In the next few days we may see some correction, but if positive cues are seen in the global markets which is unlikely to happen then might see another rally .

Earlier short term recommendations –

Scrip	Recommendations	Target	Remarks
ACC	sell@821	811	Target hit
TCS	sell@886	869	hold
Tata power	sell@1345	1295	hold
Reliance Power	sell@384	371	hold
HDFC	buy@2635	2675	Target hit
Cipla	sell@201	194	Hold
Rel. Power	sell@458	430	hold
Nag. Cons.	sell@276	264	Target hit
Sh. Renuka sugar	sell@1152	1122	hold

Today’s short term recommendations –

Scrip	Recommendations	Target	Remarks
Lanco Infra.	sell@487	468	--
BHEL	sell@2280	2245	--

Short term trading is always risky, it is better to go for long term investment with a perspective of at least 1 year.

CRICKET – India totally dominated the game against Srilanka. Led from the front by Tendulkar who gave a befitting reply to his critics especially Manjrekar, who had written in his article indicating it is Tendulkar’s turn to be axed . But as Dhoni pointed out rightly people should think twice before writing off the little master. Manjerakar pointed out one thing which I feel was right that if Tendulkar had the intent right and not worry about anything else then he can play like how he did it in his early days. The Indians have unjustly been at the receiving end of the Match Refrees. In all the controversies happened in Australia it was the Indians who have suffered. The Aussies especially Symonds has been let off easily. Can you guess the reason behind this ? Well I can find only one answer, that both the match refrees have been white persons. Even if they don’t proclaim it, they still downlook the Asian community. Tell me one thing why most of the refrees are whites? Why Asian’s are not enough qualified to be match refrees. It is time for the BCCI and other Asian cricket boards to rake up the issue with ICC. By the way why there are very few Asians on the ICC boards. The BCCI should rightly flex its muscle (money power) behind this issue.