Market may witness a short term downturn again.
Sensex may go down to 16500 levels and NIFTY can retest 5000. It is expected to go up by 3rd week of May now.
Long term investors can buy Large caps like L&T, Bharti Airtel and Aban Offshore.
Weekly Industry Focus:
Banking: Axis Bank - CMP Rs. 887 and SBI CMP Rs. 1740 are good long term buys.
Disclaimer: Buy at your own risk.
Wednesday, May 7, 2008
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