BULLISH BEAR IN THE RING
The markets witnessed a positive trend throughout this week. The bulls remained in control for most of the trading sessions. The crude oil prices at 3 Month low and dollar at 6 month high against Euro boosted investor's sentiment across the globe. But Inflation in India officially crossed the 12% mark is now at a 13-year high. There is no doubt that there is more tightening in store as long as Dr Reddy is at the helm. Bankex has appreciated by 45% from its recent lows outperforming the other indices. Emerging-market stocks fell to the lowest level as Russia said ``war has started'' in Georgia and Chinese shares dropped before the start of the Olympic Games. Markets will keep an eye on the Industrial Production Data which is to be released on the 12th. Unless there is any negative surprise the Markets are expected to continue to show strength in the short term.
Technical Picks for the Forthcoming Week
STOCK
RECOMMENDATION
CMP
STOP LOSS (Rs)
TARGETS (Rs)
PANTALOON RETAIL
BUY
397
383
419,444
L&T
BUY
2834
2720
2999,3180
FUNDAMENTAL CHECK
Stocks Covered This Week
Company
Price
08.08.08
(Rs)
Report Type
Recommendation
& Target (Rs)
GENESYS INTERNATIONAL
120
RESEARCH REPORT
200
JAI HIND PROJECTS
103
RESEARCH REPORT
200
125
RESEARCH REPORT
200
Download full report here
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