Best Sell - RELIANCE

It has raised huge capital in debt to put up the new refinery, which will remain underutilised due to economic slowdown and will not be able to breakeven in the near future due to low petroleum product prices even if it exports all its output. The bottomline of RIL will be hit badly to repay the debt it has raised. Likely price of RIL - Rs.500/- for next one year.

Sell list

SYMBOL	LTP	Target
3MINDIA	950.00	499.8
ABB	435.90	223.4
ABHISHEK	16.95	16.6
ABIRLANUVO	590.20	225
ADANIENT	289.85	102
ADVANTA	547.40	24.8
AFL	62.05	57.4
ALEMBICLTD	31.50	15
ALFALAVAL	926.30	520.8
ALLCARGO	614.40	409
APOLLOHOSP	426.15	192.4
APTECHT	85.35	23.2
ARCHIES	55.30	1.4
ARL	1.25	0.8
ARVIND	15.90	3.4
ASHAPURMIN	25.65	11.8
ASIANPAINT	867.30	458.2
ASTRAMICRO	47.50	16.6
ASTRAZEN	477.45	318.2
ATFL	91.75	58.8
ATLASCYCLE	85.30	49.4
AUTOIND	69.60	44.6
AVAYAGCL	84.85	13.4
AVENTIS	894.70	751.2
AVTNPL	66.65	44.6
AXISBANK	482.80	402
AXIS-IT&T	13.20	1.6
BAGFILMS	14.05	4.8
BAJAJFINSV	133.65	34
BAJAUTOFIN	65.45	41.4
BALRAMCHIN	44.70	13.2
BANG	153.35	16.4
BANSWRAS	13.50	1.8
BATAINDIA	92.05	89
BEL	688.15	315.8
BEML	311.10	182.8
BEPL	9.00	0.4
BERGEPAINT	33.85	32.8
BGRENERGY	141.15	112.8
BHAGYNAGAR	14.50	12
BHARATFORG	78.90	33.6
BHARTIARTL	686.40	384.4
BHEL	1300.60	408.6
BIRLACOT	4.00	0.4
BLUEDART	405.90	288.6
BOC	129.70	91
BONGAIREFN	41.50	9.6
BOSCHLTD	3060.90	2360
BRITANNIA	1252.90	783.8
BSELINFRA	13.60	1.6
BURNPUR	9.65	2
CADILAHC	272.60	240.6
CAIRN	159.70	3.6
CALSOFT	34.50	11.4
CAMBRIDGE	72.85	33
CARBORUNIV	83.90	52.6
CASTROL	325.75	230.4
CENTUM	32.95	11
CENTURYPLY	30.70	27
CHAMBLFERT	35.20	34.2
CINEMAX	38.80	31.4
CIPLA	181.95	75
COLPAL	405.10	199.2
CRISIL	2392.05	2133.6
CROMPGREAV	130.10	99
CUMMINSIND	197.80	184
DABUR	83.10	40.8
DABURPHARM	36.60	7.4
DCB	20.35	7.4
DCMFINSERV	2.55	2.4
DCMSRMCONS	29.90	14.4
DELTACORP	29.70	18.2
DISHMAN	140.95	113
DIVISLAB	1284.35	716.4
DLF	275.45	156.8
DRREDDY	468.25	355.4
DYNACONS	0.50	0.4
DYNAMATECH	498.05	240
ECEIND	165.00	105.2
EDELWEISS	272.25	29.2
EDUCOMP	2408.25	488
EICHERMOT	231.30	194.6
EIHOTEL	124.85	35.4
EKC	180.75	66.6
EMAMILTD	223.00	74.8
EMKAY	35.30	8.6
ENGINERSIN	465.70	416
ESSAROIL	83.00	9.4
ESSARSHIP	33.65	23.2
EVEREADY	14.05	13.8
EVERONN	232.85	150.4
EVINIX	3.30	2.6
EXIDEIND	46.25	40
FACT	17.90	6
FCH	164.90	6.8
FINCABLES	22.40	12.2
FMGOETZE	37.25	21.2
FOSECOIND	285.00	265.4
FOURSOFT	14.70	7.8
GAMMNINFRA	82.45	11
GATI	39.75	9
GDL	83.90	81
GEOJIT	25.35	9.4
GILLETTE	717.65	306
GKW	31.25	11.2
GLAXO	1127.80	584
GLENMARK	297.90	97
GLFL	3.15	0.8
GLORY	193.10	31
GMRINFRA	67.85	7.2
GODREJCP	144.10	53.4
GODREJIND	65.50	5.2
GOKEX	88.65	82.2
GOLDTECH	34.20	18.2
GRUH	98.25	89.8
GSKCONS	530.85	471.8
GSPL	29.50	21.6
GTL	205.95	72.4
GTLINFRA	28.65	3
GUFICBIO	4.00	1.6
GUJSIDHCEM	8.10	3.4
GULFOILCOR	39.75	20
GVKPIL	19.85	1.8
HCC	47.25	38.2
HCLTECH	112.95	70.2
HDFC	1449.05	689.4
HDFCBANK	972.80	462
HEROHONDA	790.75	580
HEXAWARE	19.75	17.8
HINDOILEXP	59.05	40.6
HINDUJAFO	68.30	53.6
HINDUNILVR	252.10	101.4
HORIZONINF	402.00	21.4
HOTELRUGBY	4.90	0.2
HTMEDIA	68.70	46.2
IBREALEST	128.95	4.4
ICICIBANK	417.35	200
ICRA	404.75	326.6
IDEA	48.25	32
INDHOTEL	43.00	32.4
INDIABULLS	143.80	109.6
INDIAGLYCO	62.10	11.8
INDRAMEDCO	24.15	23.8
INDUSINDBK	36.05	30.8
INFOSYSTCH	1109.25	924.8
INOXLEISUR	29.85	17.2
IRB	130.95	2.8
ITC	170.65	81.8
ITDCEM	87.10	56
IVC	114.20	88.2
JAGRAN	56.55	36
JAICORPLTD	83.85	44.6
JAYPEEHOT	70.85	21.4
JINDRILL	237.65	181.4
JISLJALEQS	349.95	149
JMFINANCIL	26.80	18.4
JPASSOCIAT	73.65	51.4
KAJARIACER	30.25	22.2
KALINDEE	137.85	133.2
KALSTEELS	56.85	50.6
KAUSHALYA	10.50	7.4
KBL	81.25	35.8
KERNEX	70.90	33.6
KGL	16.00	2.4
KHAITANELE	32.90	4.6
KKCL	142.00	109
KOHINOOR	85.00	41
KOTAKBANK	338.55	58.6
KOTHARIPET	8.70	0.6
KOUTONS	465.80	199.2
KSK	164.40	26.6
KSOILS	51.85	49.2
LAKSHVILAS	69.45	46
LAOPALA	17.30	9.4
LIBERTSHOE	40.10	26.4
LITL	135.55	81.4
LPDC	4.85	0.4
LT	744.60	647.2
LUPIN	589.75	578.8
M&MFIN	207.10	127.8
MAGMA	205.00	187
MAHLIFE	177.80	102.4
MANALIPETC	7.30	3.2
MANGTIMBER	17.00	11.2
MARICO	52.95	27.6
MAX	115.45	22.8
MAYTASINFR	166.60	125.4
MCDOWELL-N	894.10	421.2
MINDTREE	234.45	122.6
MLL	30.50	18.8
MOTHERSUMI	64.30	21.2
MRO-TEK	26.00	20.2
MTNL	79.40	65.8
MUKTAARTS	49.45	9.4
MUNDRAPORT	305.45	104.4
NAGARFERT	15.60	7
NAHARSPING	23.35	14.6
NANDAN	1.05	1
NAUKRI	409.70	209.8
NEPCMICON	5.50	2.4
NETWORK18	93.90	64
NEULANDLAB	105.00	32.2
NEYVELILIG	62.55	56.8
NIRMA	103.75	51.6
NITINFIRE	215.30	133
NMDC	156.35	97.2
NOIDATOLL	20.50	15.8
NORTHGATE	60.55	54
NOVOPANIND	20.00	8.8
NRBBEARING	41.50	13.2
NSIL	485.25	349.2
NTPC	176.80	93
ONMOBILE	215.30	100
ONWARDTEC	12.00	5.2
ORBITCORP	59.80	58.4
PAGEIND	329.55	306.4
PANORAMUNI	220.00	136
PANTALOONR	204.75	87.4
PAPERPROD	31.15	25.8
PARACABLES	9.40	7.2
PFC	123.20	109
PGHH	754.95	446
PHOENIXLTD	80.55	70.8
PIDILITIND	105.00	68
PIRHEALTH	232.75	114
PNC	18.25	0.8
POWERGRID	80.60	33.4
PRAJIND	61.25	59.8
PRIMESECU	15.25	9.4
PTC	63.25	45.4
PUNJLLOYD	142.10	107.2
RADICO	65.50	25
RAJTV	38.45	4.6
RANEENGINE	47.30	18
RCOM	204.80	72.8
REDINGTON	103.05	83.6
RELCAPITAL	514.90	425.2
RELIANCE	1210.15	500
RELINFRA	543.05	457.4
RENUKA	64.70	25.8
REVATHI	431.20	148
RIIL	356.15	137
RML	33.30	6.4
RNRL	53.20	4.4
RPOWER	114.50	9
SANGHIIND	26.00	10.4
SAPL	7.90	5.8
SAREGAMA	56.00	15.4
SBIN	1243.10	1230.6
SHARRESLTD	76.50	14.6
SHREEASHTA	502.35	163.2
SHRENUJ	24.00	15.6
SHRIRAMCIT	350.00	229.4
SHRIRAMEPC	147.10	66.6
SHYAMTEL	46.35	33.6
SIEMENS	269.05	234.2
SINTEX	188.80	165.4
SKUMARSYNF	23.20	16.2
SOFTPRO	105.25	51
SOLAREX	299.20	129.6
SOLEMS	38.80	24.6
SPLIL	5.70	4.8
STCINDIA	121.75	113.4
STER	249.45	231.6
STERLINBIO	158.95	99.8
STRTECH	62.70	45.6
SUNPHARMA	1056.80	564
SUNTV	164.55	107
SURANATELE	23.40	17.4
SUVEN	13.20	11.2
SUZLON	56.85	13.6
TANTIACONS	41.00	22.6
TATACOFFEE	156.70	123.2
TATACOMM	499.85	92
TATAPOWER	730.40	375.6
TATATEA	577.25	263.6
TCI	36.75	31.6
TFL	9.05	4.4
THEMISMED	73.20	55.6
THOMASCOOK	42.55	28
TIRUMALCHM	71.40	43.8
TITAN	900.60	537.8
TORNTPOWER	70.30	68.4
TRENT	318.30	120.4
TRIVENI	43.45	40
TV-18	79.35	10.2
TVSELECT	16.20	5
TVSMOTOR	22.20	14.8
TVTODAY	71.55	57.8
UBHOLDINGS	100.60	68
UBL	78.05	2.6
UMITL	2.85	1.4
UNIPHOS	104.10	63.6
UTVSOF	258.10	40
VIJAYABANK	32.15	1.4
VIJSHAN	17.75	15.4
VITLINFO	301.55	80.4
WANBURY	41.10	17.4
WELSPUNIND	20.30	3.4
WIPRO	226.65	185.6
WOCKPHARMA	106.90	67
XPROINDIA	15.70	13.2
ZANDUPHARM	6884.95	3168.4
ZEEL	138.25	86.8
ZEENEWS	34.95	17.6
ZENITHCOMP	15.30	4.6
ZICOM	91.35	77

Hold your cash

Market is going to be much cheaper next year. All the shares are going to be available at half the price they are now. Primarily for the following reasons.

i. Industrial growth is going to slow down by more than 2% due to economic slump along with GDP. Sectors taking a major hit are - real estate, aviation , hospitality , auto, metal, FMCG, retail, Pvt. banks (miniscule deposit and virtually nil interest income due to no loan takers) and to a large extent engineering goods. Pharma to remain neutral to slump - best buy in dips.

ii. Crude going to come down further to USD $20 per barrel - due to slowdown. Major beneficiary - PSU OMCs including ONGC (subsidy burden equivalent to nil). Major loser RIL - GRM being badly hit.

iii. Post skirmish with Pakistan (may begin as early on 25/12) which may blown up to full scale war and if US and its allies join in and China on the other side with Pakistan, may begin the onset of WW III, the overall economic situation across the globe going to be bad for 5 years at the least.

Year end target

Nifty - 5000 , Sensex - 15000

Nifty outlook.

Buy nov. nifty. Target - 4000

Buy list

Scrip	LTP			Target
3IINFOTECH	50.15			167
AARTIDRUGS	37.35			222
ABGSHIP	191.85			369
ABHISHEK	23.65			24
ACE	27.65			218
ADHUNIK	47.25			99
AFL	53.80			74
AFTEK	16.00			190
AKRUTI	608.30			1020
ALPA	12.15			57
ALPHAGEO	176.15			952
AMAR	18.95			78
AMBIKCO	74.80			247
AMBUJACEM	56.80			118
AMDIND	11.50			96
AMTEKAUTO	103.10			152
AMTEKINDIA	51.00			273
ANKURDRUGS	112.05			343
APARINDS	105.00			237
AROGRANITE	42.00			208
ASIANTILES	30.35			191
AUTOAXLES	168.40			426
BALAMINES	68.30			318
BALLARPUR	19.80			47
BALMLAWRIE	267.75			593
BALPHARMA	18.70			60
BANKBARODA	304.25			407
BANKRAJAS	42.20			92
BASF	223.50			520
BASML	41.00			105
BCCL	42.90			227
BILPOWER	110.80			234
BINANIIND	41.15			384
BIRLACORPN	95.15			476
BONGAIREFN	44.60			181
BRFL	187.55			218
BRIGADE	63.90			94
BVCL	20.55			77
CADILAHC	259.50			285
CANDC	90.15			180
CENTENKA	71.80			96
CENTURYPLY	39.10			55
CESC	189.90			300
CHEMFALKAL	44.95			86
CHENNPETRO	155.75			1889
CHI	20.45			69
CINEVISTA	4.40			9
CLNINDIA	176.00			312
COMPUTECH	2.90			5
COMSYS	15.85			23
COROMNFERT	123.85			552
COSMOFILMS	70.00			298
CREWBOS	20.15			96
CYBERTECH	9.90			28
DABURPHARM	41.50			71
DCW	8.95			21
DECCANCE	131.90			696
DECOLIGHT	9.75			30
DEEPAKFERT	54.80			203
DENORA	54.00			82
DHANBANK	49.00			60
DHANUS	73.25			590
DICIND	111.90			167
DLF	291.90			435
DSKULKARNI	38.25			120
EASTSILK	13.10			19
ELECON	47.30			51
ELECTHERM	162.10			600
ESABINDIA	326.40			440
EVERESTIND	75.90			212
EXCELINDUS	37.05			195
FAGBEARING	256.85			520
FCSSOFT	30.60			253
FDC	25.30			72
FEDDERLOYD	23.25			72
FIEMIND	44.70			75
FINANTECH	655.35			1480
FINPIPE	36.40			38
FIRSTLEASE	32.00			150
FMGOETZE	36.55			65
GABRIEL	10.20			14
GAIL	243.30			424
GALLANTT	11.80			70
GAMMONIND	100.60			240
GANDHITUBE	47.00			184
GANESHHOUC	65.00			311
GEODESIC	113.20			251
GEOMETRIC	29.15			104
GESHIP	201.00			1000
GHCL	35.20			126
GICHSGFIN	41.15			118
GLODYNE	360.70			582
GMDCLTD	46.40			182
GODFRYPHLP	1055.40			1120
GOKEX	91.25			128
GOLDENTOBC	77.05			201
GPIL	92.10			523
GRANULES	38.75			42
GRINDWELL	80.70			98
GSFC	76.20			355
GSSAMERICA	125.20			621
GUJALKALI	70.55			296
GUJNRECOKE	32.15			125
GWALCHEM	45.10			154
HARRMALAYA	62.65			146
HAVELLS	236.05			342
HBLPOWER	190.00			550
HCC	42.85			48
HILTON	16.70			32
HINDUJAVEN	108.10			296
HITACHIHOM	72.55			276
HITECHGEAR	46.35			128
HITECHPLAS	38.25			79
HOPFL	62.75			221
HOVS	38.05			42
HTMTGLOBAL	150.80			195
HYDRBADIND	101.75			915
ICI	437.40			739
ICSA	197.45			320
IDFC	52.65			66
IFBIND	23.15			214
IFCI	23.55			49
IFGLREFRAC	35.00			122
IGPL	20.50			62
IMPAL	151.05			398
IMPEXFERRO	11.55			112
INDIACEM	92.50			213
INDIANB	123.65			193
INDOCO	191.60			800
INDOTECH	206.75			392
INDUSFILA	104.25			185
INEABS	96.60			149
IVP	18.85			26
J&KBANK	420.05			780
JAGSNPHARM	8.20			10
JAIBALAJI	62.70			316
JAYSREETEA	119.55			410
JBCHEPHARM	29.80			65
JBFIND	60.00			170
JETAIRWAYS	243.85			665
JHS	16.10			36
JINDALPHOT	70.80			541
JINDALPOLY	147.10			723
JINDALSTEL	781.95			1024
JINDALSWHL	292.90			933
JPHYDRO	31.75			44
JYOTISTRUC	54.15			100
KALINDEE	109.55			129
KANORICHEM	17.25			30
KANSAINER	428.60			448
KAVVERITEL	65.35			160
KCP	116.55			454
KEI	20.30			30
KESORAMIND	139.80			1036
KNL	10.30			31
KPIT	27.45			66
KRBL	81.95			461
KSBPUMPS	249.50			344
KSCL	154.25			557
KSERAPRO	18.95			123
LGBROS	10.95			32
LOGIXMICRO	57.85			157
LUMAXTECH	23.60			99
LYKALABS	19.00			28
MADHAV	19.40			44
MADRASCEM	79.50			192
MAGNUM	7.90			22
MAHINDUGIN	29.80			84
MAHSEAMLES	195.50			342
MANAKSIA	37.25			249
MANALU	21.15			44
MANGCHEFER	12.00			17
MANGTIMBER	11.45			21
MANINDS	41.20			55
MARKSANS	7.30			10
MEGASOFT	33.45			120
MEGH	12.45			20
MERCK	278.40			405
MIC	54.10			255
MICROTECH	89.20			666
MIRCELECTR	11.00			24
MMFL	58.00			163
MONNETISPA	164.10			571
MONSANTO	1290.80			3346
MOTOGENFIN	23.75			612
MRPL	42.95			178
MUDRA	22.80			40
MUKANDENGG	13.50			24
MUNJALSHOW	26.15			75
MURLIIND	191.50			828
NAGREEKEXP	16.00			90
NAHARSPING	26.90			29
NATIONALUM	263.90			326
NAVINFLUOR	140.65			751
NAVNETPUBL	46.45			168
NECLIFE	194.05			462
NELCAST	46.55			70
NIITTECH	72.20			166
NIPPOBATRY	310.00			378
NITINFIRE	150.05			266
NOCIL	14.00			28
NORTHGATE	69.80			251
NUMERICPW	340.00			1018
OCL	45.55			268
OILCOUNTUB	42.10			98
OMNITECH	67.80			130
ONGC	776.10			1241
ORBITCORP	77.10			200
ORIENTABRA	18.00			75
ORIENTBANK	166.10			352
ORIENTCERA	18.05			30
PAREKHPLAT	4.15			14
PATNI	159.45			286
PBAINFRA	28.90			99
PEARLPOLY	8.20			12
PENINLAND	24.60			44
PFIZER	499.05			770
PFOCUS	220.10			286
PHILIPCARB	100.20			354
PLETHICO	182.65			532
POLARIS	43.45			109
POLYPLEX	116.00			478
PRAENG	21.95			30
PRAKASH	60.75			231
PRATIBHA	96.25			278
PRECWIRE	53.55			231
PROVOGUE	66.60			119
PSL	158.05			240
PSTL	61.95			142
PUNJABCHEM	171.50			432
RAJRAYON	7.70			28
RAJSREESUG	45.35			152
RAJVIR	50.95			278
RAMANEWS	16.75			29
RAMCOIND	461.45			1360
RANEHOLDIN	64.25			178
RKFORGE	67.25			109
ROHITFERRO	55.90			472
ROMAN	24.50			56
RSSOFTWARE	14.90			36
RUCHISOYA	42.05			86
SAGCEM	151.25			204
SAKSOFT	50.45			99
SAKUMA	8.00			14
SALSTEEL	8.10			11
SANDESH	90.00			372
SANWARIA	35.00			95
SAPL	9.00			16
SATHAISPAT	23.20			188
SATYAMCOMP	265.80			320
SB&TINTL	8.05			25
SCI	115.05			396
SELMCL	71.70			552
SGL	7.35			14
SHIVAMAUTO	40.85			156
SHIVTEX	16.95			59
SHLAKSHMI	34.90			455
SHREECEM	464.95			1273
SHREYAS	30.65			160
SIL	20.40			248
SIMPLEXINF	255.45			300
SOMANYCERA	41.75			103
SONATSOFTW	18.80			33
SOUTHBANK	71.75			170
SRF	88.15			269
SRHHYPOLTD	17.60			232
SRTRANSFIN	234.80			268
STER	274.00			650
STERTOOLS	43.25			194
SUJANAUNI	6.90			15
SUNDRMBRAK	125.30			428
SUPREMEIND	144.25			740
SUPREMEINF	38.80			272
SUPREMETEX	6.50			19
SURANATELE	23.90			30
SURYAJYOTI	13.65			43
SURYAPHARM	56.45			330
SWARAJENG	150.00			164
TAKE	31.10			57
TANLA	81.80			110
TANTIACONS	43.70			56
TATAINVEST	315.40			498
TATASTEEL	247.60			724
TECHM	343.50			793
TELEDATAGL	6.80			20
TIDEWATER	3451.20			3600
TIMESGTY	13.95			37
TIRUMALCHM	114.50			300
TORNTPHARM	130.65			230
TRIGYN	8.35			26
TTKPRESTIG	132.25			179
TUBEINVEST	31.30			99
UCALFUEL	31.25			58
UCOBANK	28.35			66
UNICHEMLAB	164.75			370
UNIPHOS	204.05			230
UNITECH	79.65			100
USHAMART	34.95			100
VARDHACRLC	3.75			12
VARUN	37.25			112
VGUARD	42.85			76
VIDEOIND	132.50			210
VIKASHMET	10.25			45
VIMTALABS	24.65			28
VIPIND	47.70			160
VISASTEEL	21.55			176
VISHALRET	128.45			250
VLSFINANCE	8.00			107
VOLTAMP	416.25			458
VOLTAS	67.50			102
VTL	57.40			528
WEIZMANIND	14.95			373
WOCKPHARMA	141.75			286
WSTCSTPAPR	39.05			65
WYETH	375.80			467
XPROINDIA	17.30			19
ZICOM	45.25			120
ZODJRDMKJ	13.05			37
ZUARIAGRO	178.65			370
ZYLOG	106.00			619