Guest guest Posted July 29, 2007 Report Share Posted July 29, 2007 Readers Hi, Consolidation of market was due anytime. It got triggered on Friday primarily due to global weakness. So, where do we go from here? Another 5-10% slide down is also possible on the sensex. But with Reliance & SBI strong results, this downtrend might be put on hold for now. But then who knows? Also note that FII’s & MF’s were still net buyers on Friday. As far as our recommendations are concerned they are not for a particular day or week. We provide recommendation keeping in mind to 3-12 months in horizon. They get achieved in few days to months. See tips below. 1) Share Recommendations Added JBF Industries Venus Remedies Limited http://www.vjondalalstreet.com/shares.html 2) Coverage initiated on new Initial Public Offering (IPO) Asian Granito India Ltd. SEL Manufacturing Company Ltd. http://www.vjondalalstreet.com/ipo.html 3) IPO Allotment Status Simplex Project Limited http://www.vjondalalstreet.com/ipo_allot.html 4) Coverage initiated on new Mutual Fund (NFO) Sundaram BNP Paribas Global Advantage JM Contra Fund Sundaram BNP Paribas Capital Protection Oriented Fund UTI-India Lifestyle Fund http://www.vjondalalstreet.com/mf.html Happy Trading! http://www.vjondalalstreet.com Bus Naam hi kaafi hain... To vjondalalstreet- You can also join the group with your mobile phone and get updates through sms. To sms- JOIN VJonDalalStreet to 67673434 Today’s Tip: Don't panic · The market is volatile. Accept that. It will keep fluctuating. Don't panic. · If the prices of your shares have plummeted, there is no reason to want to get rid of them in a hurry. Stay invested if nothing fundamental about your company has changed. · Ditto with your mutual fund. Does the Net Asset Value deep dipping and then rising slightly? Hold on. Don't sell unnecessarily. Terms of the Day: American Depository Receipt (ADR) A negotiable certificate issued by a U.S. bank representing a specified number of shares (or one share) in a foreign stock that is traded on a U.S. exchange. ADRs are denominated in U.S. dollars, with the underlying security held by a U.S. financial institution overseas. Global Depositary Receipt(GDR) A bank certificate issued in more than one country for shares in a foreign company. The shares are held by a foreign branch of an international bank. Disclaimer All information provided is for informational purposes only, not intended for trading purposes or advice. Prior to execution of any trade, you are advised to consult your financial advisor to verify the accuracy of all information. We are not liable for any informational errors, incompleteness, delays, or for any actions based on information contained herein. http://www.linkreferral.com/adwel.pl?oldrefid=103093 http://www.clickthru.com/ref/603271 http://www.hits2u.com/?384837 Quote Link to comment Share on other sites More sharing options...
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