accumulate

International Combustion Buy
Lloyd Elec Eng Buy

Nifty EOD

Morning star "bullish pattern"...we did not have a gap up but mkts did close strongly in the positive.

A post in the forum was made on this.

Outlook: expect uptrend to continue subject to supports shown in the charts.

Nifty EOD

Doji formed after a big gap down. The gap down indicates panic but the small body indicates buying at lower levels as a result of which market does not tank much.

Expect bullishness and morning star/ island reversal if markets open gap up tomorrow.

Flat opening without filling gap may lead to sideways movement or new lows.

Note that mkts are at 80% retracement...this wud normally be the second last hope of bulls;the last obviously being the October lows

Buy on Dips

DEEP INDUSTRIES Buy
IDFC Buy
GODAVARI POWER Buy

Delivery Picks

The shares of XL TELE can be bought at current levels and dips to fetch a 50% return in the near term.

Accumulate FINOLEX CABLES which is available below its book value with a dividend of 75% (last year) though there is a risk of inventory losses.

INDRAPRASTHA MEDICALS can be bought for decent appreciation.

Buy ELECON ENGINEERING, SIMPLEX CASTINGS, BHARAT GEARS, MICROTECH for good returns.

Buy PHOENIX INTERNATIONAL, KS OIL.

Buy BOMBAY OXYGEN.