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.