Monday, March 3, 2008

MARKET VIEW

As discussed in my earlier articles the market is entering a bearish phase. Perhaps may slip further to 15000 levels. Then considering the global cues it would be the right time to invest in the market. For the time being it is better to stay away from the market.

Earlier short term recommendations –

Scrip

Recommendations

Target

Remarks

Shopper stop

sell@475

445

Target hit

Rel. Pet.

sell@176

162

Target hit

Tata power

sell@1345

1295

Target hit

Reliance Power

sell@384

371

hold

Aurobindo

sell@336

328

Target hit

Cipla

sell@201

194

hold

Rel. Power

sell@458

430

Target hit

Sh. Renuka sugar

sell@1152

1122

Target hit

Bajaj Hind.

sell@252

238

Target hit

Guj. Ind. Pow.

sell@109

104

hold

Today’s short term recommendations –

Scrip

Recommendations

Target

Remarks

Bajaj auto

sell@2270

2235

--

Tata tea

sell@816

802

--

ACC

sell@790

772

--

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

HEALTH TIPS – Those who want to lower their cholesterol level should avoid ghee, butter , paneer, cheese, coconut oil, vanaspati, cakes, bakery items, ice-cream, alcohol, potato, nuts, paratha, puri and spicy foods. Foods they eat include Rice, dal, roti, cream cracker biscuits, marie biscuits, green vegetables, chicken in moderation, channa, mustard oil, fruits and fish.

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