Market Calls

Scrip               CMP          Call        SL         Target 1       Target 2       Deadline

Bajaj Auto       2529           Buy       2430          2590            2620            31st Oct.

Maruti             3165            "           3135          3315            3350                "           

Hero Motors    3110            "           3075          3210            3260                "            

Tata Motors      515            "             510            545              555                "         

Kotak Bank     1061           "            1036          1123            1142                "          

ICICI Bank      1575            "            1555          1625            1660               "        

Powergrid         139            "             138            146              149               "            
Gail                  481           "              465            490              495               "     

Siemens           858           "              835            895              905               "     

Engineers         266           "              255            287              297               "      

India

REC Ltd            284           "              277            294              300              "         

BOSCH Ltd   15003            "          14900         15500           15800             "      

BHEL               240            "              235            250              255              "       

  

HAPPY DIWALI

With the gleam of lights and echoes of prayers,
With the sweetness of sweets and fireworks glare,
Wishing you all a jubilant Diwali and a successful year.

Market Review

Both the International Monetary Fund and the European Central Bank President
have flagged growth concerns going forward.    There is a significant surge in
volatilities across asset classes like gold, crude oil, equities, etc.    Further, 
major equity indices of the world are dangerously trading at crucial technical
levels.    This is causing investors and traders to go long on government bonds
and short on equities.

Locally,  the manufacturing output data released post market hours on Friday
remained subdued at 0.4% in August.    Markets will react to this data on Monday.
Barring Infosys results on Friday,  nothing has been positive for the Indian markets
in the week goneby.    Now,  it is only the earnings season and the results of the
upcoming assembly elections that may save Indian markets from the fate of the
rest of the world.