Long Term Stock Recommendations

SCRIPT	CODE	B/ S	CLOSE	52WEEK HIGH LOW
HYDERABAD INDUSTRIES	HYDRBADIND	BUY	579.00	618.00	102.00
BALKRISHNA INDUSTRIES	BALKRISIND	BUY	559.00	583.80	120.00
SIMPLEX CASTINGS	513472	BUY	96.00	96.00	26.15
SHRI DINESH MILLS	503804	BUY	129.05	134.00	134.00

Nifty EOD

Morning star "bullish pattern"...we did not have a gap up but mkts did close strongly in the positive.

A post in the forum was made on this.

Outlook: expect uptrend to continue subject to supports shown in the charts.

Nifty EOD

Doji formed after a big gap down. The gap down indicates panic but the small body indicates buying at lower levels as a result of which market does not tank much.

Expect bullishness and morning star/ island reversal if markets open gap up tomorrow.

Flat opening without filling gap may lead to sideways movement or new lows.

Note that mkts are at 80% retracement...this wud normally be the second last hope of bulls;the last obviously being the October lows