Volatility seems to be the flavour of Market for the past few weeks.
Last week we saw the market losing around 845 points.Everyday sensex
traverses from negative to positive and vice versa territories.
Heavy Selling by foreign investors along with the gloomy US economic outlook are the prime reasons for the volatility.Weak dollar and increasing crude prices are adding up the pressure.
We expect volatility to continue in the coming weak. Investors should mention a cautious approach and keep on picking up quality stocks at low levels as Indian economy looks very strong in the long run.
Recommendations for the week
Buy Prakash Industries @ 180. One year Target 300.
Prakash Industries, a diversified business house with interests in steel, power and mining.
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