Market had a brief correction from 20k to 19k levels. Indian stock market continue to outperform other global markets. Some good investment picks herewith:
1. Ranbaxy (Rs. 430)
2. Biocon (Rs. 575)
3. Power Trading Corp (Rs.150)
4. IDBI - short term rally expected and the stock could touch Rs.190.
5. Bharti telecom- Rs. (880)
Outlook
5. Senxex - would touch 21k level by budget
6. US & Nasdaq would continue to underperform
7. China stocks expected to resume upward rally from 5325 levels
Status of my old recommendation made on Sep 27, 07:
1. Gujarat NRE Coke (Rs.86) - Hold - CMP Rs.111
2. NTPC (Rs.192) - Hold - CMP - Rs.230
3. LIC Housing Finance (Rs.215) - Hold CMP - Rs.335
4. HCL Tech (Rs.295) - Hold - CMP Rs. 300
5. D-Link (Rs.74) - Sell - CMP Rs.75
6. Siemens (Rs.1375) - Hold - Rs.1800
7. Vishal Retail (Rs.685) - Buy & Hold - Rs. 710
8. Tata Motors (Rs.740) - Hold - Rs. 710
9. Ashok Leyland (Rs.42) - Buy & Hold -Rs. 38
10. Hindustan Oil Exploration (Rs.112) - Buy & Hold - Rs.125
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