5 new recommendations from powerfulpicks, spanning short term to medium term:
- Buy JSW ENERGY at 110 for a medium term 6 month target of 135 (+23%)
- Buy MARICO at 138 for a short term 3-4 week target of 152 (+10%)
- Buy UCAL FUEL at 78-79 for a short term 2 month target of 93 (+15%)
- Buy BHARTIYA INTERNATIONAL [BIL] at 91 for a short term 3-4 month target of 114 (+25%)
- Buy YES BANK at 320-321 for a medium term 6 month target of 408 (+27%)
Buy in small quantities.
NIFTY OUTLOOK: NIFTY has retraced nearly 7% from its high of 6338 on Nov 5th. Another 3-4% correction can be expected at the maxium to about 5730; but in another 12-14 weeks, on the heels of Q3 results of most companies, I am expecting a strong rebound in NIFTY, taking it beyond 6450.
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