Market outlook for week starting 21st Jan

Last week was indeed a tearful week for investors.Sensex lost a whopping 1813 points. The midcap index kept on declining.
Investors have lost their last 3-4 months gain with this heavy crash.

The movements in next week will decide the future course of action. Global sentiments are weak on account of US recession worries. Indian economy still holds good as some of Q3 results have shown.

We advise the investors to stay away from penny stocks and
stick to fundamental stocks.

You can accumulate Rilance and Bharti at every decline.

Market outlook for week starting 14th Jan

December quarter earnings will drive the market directions in the coming days. Leading brokerage houses and analysts are expecting a slowdown in overall earnings.

Sensex gained around 150 points in the last week amidst heavy volatility.

Midcaps have crashed heavily in last few trading sessions and retail investors are eagerly waiting for a positive sign.

We hope that FII's will be back after the New Year celebrations and may pump in some more funds in the indian market.

Anil Dhirubhai Ambani Group is coming with a mega IPO of reliance power and some of the liquidity from market may shift towards the same.

Recommendations

Subscribe to Future group IPO.

Prakash industries had reached its earlier recommended target of 300.

We advise a buy on prakash Industries around 300-315 levels.

You can hold for one year with a price target of 550.

Due to a family function, We were unable to post the weekly analysis. The inconvenience caused to you is highly regretted. From next wee onwards we'll regularly post the analysis , and we hope that you will visit our site as usual.
Thank You.