market view

As expected the market is further continuing its downslide and global factors are not encouraging either. If the market sheds another 500 pts in the morning session then one can invest in moderation, as we might see a recovery in the late afternoon session.

Earlier short term recommendations –

Scrip	Recommendations	Target	Remarks
Reliance Power	sell@384	371	Hold
Cipla	sell@201	194	Hold
Bajaj auto	sell@2270	2235	Target hit
Tata tea	sell@816	802	Target hit
ACC	sell@790	772	Target hit
Guj. Ind. Pow.	sell@109	104	Target hit

Today’s short term recommendations –

Scrip	Recommendations	Target	Remarks
Zee Ent.	sell@262	248	--
Hindalco	sell@201	194	--
Colgate	sell@409	392	--

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