Our Recommendations:Buy NTPC @ 200, Long term target 300-350 || Buy Elecon Engineering @ 200, One Year Target 300-325 ||Buy Prakash Industries @ 180. One year Target 300.Target Achvd ||Ashapura Mine @ 375 . One year Target 580.||Yes Bank, Target 240. Target Achvd ||Powergrid ,Target=160.Target Achvd||

Sunday, February 17, 2008

Market outlook for week starting 18th Feb

Last week witnessed mixed reaction with market gaining in few
sessions. Still there is inherent weakness in market with volumes drying up.

We expect US ecomony and union budget to provide the next indicator
for any trigger in the market.

Prime Minister has assured that GDP will grow at 9% which is a very
positive sign.

We recommend a hold on all our scrips.

Recommendation for the next 2 weeks

Buy BHEL if it comes in the range of 2000.
Buy L&T if it comes in the range of 3200.
Buy RELCOMM if it comes in the range of 550-560.

It will give attractive returns over one year period.

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