The sensex has a history of demonstrating amazing resilience and bouncing back when all seemed lost. Hence, notwithstanding the all round gloom surrounding the bourses, we reiterate, it is time to venture out and commence making selective purchases.
Bear operators can consider short positions at the counters of Reliance Industries at Rs. 309 (cover up at Rs.288) and MTNL at Rs. 149 (cover up at Rs.123).
Bull operators may consider taking up long positions at the counters of Mastek at Rs. 1,201 (square up at Rs.1,389) and Satyam Computer at Rs.329 (square up at Rs.372).
The portfolio choice of the week is Cadila Healthcare, which declared good half-yearly results recently, while the optimal strategy for this week remains - eye bargain buys.
(Ashok Kumar heads Lotus
Strategic Consultants, Mumbai. While due care has been taken to prepare this report,
readers are advised to take specific investment advice before taking any investment