Earlier short term recommendations –
Scrip Recommendations Target Remarks
Cipla sell@201 194 hold
Wipro sell@404 389 hold
HCL Tech. sell@280 264 hold
Bajaj Hind. sell@168 156 hold

Today’s short term recommendations –
Scrip Recommendations Target Remarks
Moser baer sell@155 145 --
Orchid chm sell@148 140 --
Bajaj Hind. sell@209 188 --

MARKET VIEW

MARKET VIEW – It looks like the Indian stock market has bottomed out. But looking at the global situation which is still unclear , the market may test new bottoms. One can start investing in moderation in fundamentally good stocks. Even if India wont be directly affected by the subprime effect, there are factors which may depress the market. One of the main worry is the inflation figures which has been on the rise for the last several weeks. It has the potential to cross 6% in the coming weeks. Due to this the bank interest which was expected to be reduced by the RBI , wont happen in the near future until the inflation is brought under control. Reduction of bank interest rates would have lifted the realty scrips , as they have been hammered heavily in the last few days. Further a prolonged bearish stock market will have similar effect on the property prices. We might see a correction upto 20% in property rates. So as of now it is better to stay away from realty stocks. Another thing to worry is, the Industrial growth has slowed down considerably. It has come down to 5-6% from the 11-12% we had witnessed earlier.
Earlier short term recommendations –
Scrip Recommendations Target Remarks
Cipla sell@201 194 hold
Titan Ind. sell@1074 1054 Target hit
Rel. energy sell@1310 1276 Target hit
ICICI Bank sell@882 864 Target hit

Today’s short term recommendations –
Scrip Recommendations Target Remarks
Wipro sell@408 389 --
HCL Tech. sell@283 264 --
Bajaj Hind. sell@171 159 --

MARKET VIEW

The Indian stock market woes doesn’t seem to come to end in the near future. In the next week we might see the sensex shedding some more points. The Federal meet in U.S. on 18^TH march is being eagerly awaited in the markets. If the Fed. Lowers the interest rate by more than 50 basis pts. then it may provide an impetus for an rally. Anything equal to 50 basis pts. or lower than 50 basis pts. might give a negative impact on the stock market.

In the last week of march we might see buying in selective scrips in anticipation of good jan. – mar. quarter results. Some of the scrips to watch out for are Rohit Ferro, Spice mobile, Ritesh prop. Ltd., Alps Ind., Godawari Power and Ispat, Compact Disc and Indotech Transformers.

HEALTH TIP - Always prefer to eat fishes which are smaller in size like sardines, mackerel, salmon, etc. as they contain more of omega3 fatty acids than those when compared to bigger fishes . Omega3 fatty acids are helpful in reducing low density lipids (bad cholesterol), which is harmful to our body.

Multibagger - Godawari Power and Ispat

This is one of the fundamentally sound and well diversified company in steel Industry. It is the flagship company of the Raipur based, Hira group of Industries located in Chattisgarh and was incorporated in sep 1999. Initially it produced only sponge Iron , but then over a period of time it diversified into value added products like billets, HB wires and captive power plant run on waste gases emanated from its own kilns. It commenced with an annual production of 105000 tpa of sponge Iron and since then has increased its capacity five fold to become one of the largest producer of sponge Iron in India. Billet and HB wires are produced through its wholly owned subsidiaries. The company has tied up with Chhattisgarh Govt. for access to coal and Iron ore mines. The Chhattisgarh Govt. has given permission for mining, but clearance from Forest dept. is still pending. In sep 2007 the company had commissioned its expansion projects in which sponge Iron & steel billets capacity was raised by 60 – 100 % to 495000 tpa and 400000 tpa respectively. The captive power plant capacity has been raised from 28mw to 53mw. Mining reserves include 15 mill.ton. of Iron ore and 63 mill.ton. of non-coking coal. The benefits of expansion will be fully reflected in the coming quarter results. The news of Forest dept. giving clearance for mining might give a fillip to the market price of the company. Buy now at declines below 180 for decent gains, expected price within one year is 400.

Risk factors include the company prospects solely depend on steel demand. Non clearance for mining from the Forest dept. might depress the prices.

Earlier short term recommendations –

Scrip	Recommendations	Target	Remarks
Reliance Power	sell@384	371	Target hit
Cipla	sell@201	194	hold
Zee Ent.	sell@262	248	Target hit
Hindalco	sell@201	194	Target hit
Colgate	sell@409	392	Target hit
Satyam	sell@438	426	Target hit
LIC Hsg Fin	sell@299	292	Target hit
Gitanjali gems	sell@295	286	Target hit

Today’s short term recommendations –

Scrip	Recommendations	Target	Remarks
Titan Ind.	sell@1074	1054	--
Rel. energy	sell@1310	1276	--
ICICI Bank	sell@882	864	--

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

MULTIBAGGER - ALPS INDUSTRIES

The company is a leading manufacturer of home furnishing , fashion accessories and architectural products. It markets its products under the brand name Vista. The company had come out with an Public Issue in Oct 2005 . Further in March 2006 the company had issued GDR for its expansion plans. The company has formed a wholly owned subsidiary in U.S.A. in April 2007 for exploring export opportunities. The coming months are very bright for the company . First of all the expansion project of around 400 cr has been fully commissioned in Dec 2007. The quarter ending March 2008 results will fully reflect the benefits of expansion. The Yarn spinning capacity has been increased to 155 tpd from the present 97 tpd. The new yarn spinning unit has 66000 spindles. Weaving capacity has been increased to 27 mill.Sq.mt. the present 19 mill.Sq.mt. The company has recently announced on 4 Jan 2008 it is foraying into Energy sector, through a wholly owned subsidiary which may listed later this year. It is setting up two hydro power projects of capacity 150 mw each. Foraying into Energy sector will give better valuations on the bourses. The company had issued bonus shares in the ratio 1:1 in Sep 2006. For quarter ending March 2008 the company will show more than 100% growth in sales and profit as compared to March 2007 quarter results. Buy now at declines around 45 for decent gains before it catches the fancy of big Investors. The P.E. of the company is the lowest when compared to others in its sector. Downside potential is very limited. Expected price within one year is 120.

Risk factors include low valuations given to textile industry. It will take some time for the Power projects to add to revenues.

MARKET VIEW

As stated yesterday the market staged a recovery late in the afternoon. This was bound to happen as some sort of correction to the downslide was due. The market may move sideways for some sessions or may gain up a bit. Perhaps after that the market will enter a bearish phase depending upon global cues.

Earlier short term recommendations –

Scrip	Recommendations	Target	Remarks
Reliance Power	sell@384	371	Hold
Cipla	sell@201	194	Hold
Zee Ent.	sell@262	248	Hold
Hindalco	sell@201	194	Hold
Colgate	sell@409	392	Hold

Today’s short term recommendations –

Scrip	Recommendations	Target	Remarks
Satyam	sell@438	426	--
LIC Hsg Fin	sell@299	292	--
Gitanjali gems	sell@295	286	--

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

CRICKET- What a finish to a long Australian tour. Everything in favour of the Indians. Perhaps the only accolade missing the Indians was the man of the series going to an Australian, Nathan Bracken. Could you expect a better climax to Bhajji-Symonds and Bhajji-Hayden controversial episodes, with Bhajji getting both of them out in both the finals. Both of Sachin’s innings were reminiscent of the twin innings he had played in Sharjah, and that too against the Aussies. The BCCI seems to have gone overboard with the win in handing out 10 cr for the team. It would be better if the BCCI distributes some of its profits to other sports and sport persons on achieving victories in similar events.

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.

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.

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.