Markets are still in weak zone due to sustained negative
news on account of a possible reccession in US economy.
Cutting of intrest rates for the second time in week by US
Federal reserve has failed to provide the required impetus
for the market.
We expect the markets to follow the pattern of global markets
throught the week.
Most of the frontline companies have come up with good numbers in their Q3 results.
Indian economy is not an export based economy and will not
be heavily influenced by US economy as we are still
developing basic infrastructure like power, roads ,etc and
companies involved in the same will keep on providing good
results for years to come.
We advice investors to avoid trading in the current situation
and stay invested in all our previous recommended stocks with long term horizon.
Recommendations for the week.
Buy elecon engineering @200. One year target 300-325.
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