It looks like another week of selloff in the market. There are several factors which will facilitate the selloff. First of all the global cues are not very encouraging. Secondly the budget was way below the market expectations. The most negative factor in the budget was the increase in short term capital gains due to which liquidity might be drained out from the market.

Earlier short term recommendations –

Scrip	Recommendations	Target	Remarks
Lanco Infra.	sell@487	468	Target hit
TCS	sell@886	869	Target hit
Tata power	sell@1345	1295	hold
Reliance Power	sell@384	371	hold
BHEL	sell@2280	2245	Target hit
Cipla	sell@201	194	hold
Rel. Power	sell@458	430	Target hit
Sh. Renuka sugar	sell@1152	1122	hold
Bajaj Hind.	sell@252	238	hold
Guj. Ind. Pow.	sell@109	104	hold

Today’s short term recommendations –

Scrip	Recommendations	Target	Remarks
Shopper stop	sell@475	445	--
Rel. Pet.	sell@176	162	--
Aurobindo	sell@336	328	--

Short term trading is always risky, it is better to go for long term investment with a perspective

of at least 1 year.

CRICKET – well what a day it was for Indian cricket , a double bounty for BCCI. Sachin played an innings of his life and very rarely he plays a match winning knock while chasing and that too under pressure in the finals. Perhaps the Aussies must have recollected the two innings he had played in sharjah in his early days. It was heartening to see Harbhajan take the wickets of his close friends in the Australian team, Hayden and Symonds. And immediately after Hayden wickets Harbhajan and yuvraj indulged in a mock boxing duel , reminding Hayden of his against Ishant Sharma adding salt to the wound. The under 19 team won the world cup without losing a match in the tournament. The future of Indian cricket is in safe hands.