weekly review of mkt- 7th may2007-12th may 2007

hello friends,
this is first posting to guideline our small retail investors.
Last week in the stock mkt disappointment somewhat , mkt lose 138 points in week ending sensex at 13796 which is at 13934 last week, thus ending the rally of four weeks.
The S&P CNX Nifty of the National Stock Exchange (NSE) dipped 40.70 points to end the week at 4,076.65 from its previous weekend close of 4,117.35.

COMING WEEK GUIDELINE-
Mkt may trade lackluster and some profit booking may seen in midcap stocks, and some bluechips, but long term story still remain intact, and looking forward sensex will surely head for 15000 level,
There may be profit booking in metal and banking stocks.
Global mkt movment is going to key in coming days

STOCKS TO WATCH FOR LONG TERM INVESTMENT-
As i mention these notes are more useful for long term investments, here are good stocks-

PRAJ INDUSTRIES-
You can call this as goldmine- monoply company in particular sector you can always look for. Recently it had declared mindblowing quarter result, in coming future also company will perform as per expectation, It already had rs 800 crs order in hand for this year.
one good opportunity has come as company declares bonus issue so when it will give bonus the stock will come down and good to enter in this counter. Currently tradind at 469.55(NSE).
So keep the watch. In next post i will give detail at what price it should purchase after bonus issue.
GUJRAT AMBUJA CEMENT-
Stock has consolidated at 115-120 level for last many session, at every dip it can be good buy. For long term it is good stock
RELIANCE CAPITAL-Currently trading at 789.30, It has long term target of 1000 , donot enter at current rate but below 740 it is always good to enter , keep patience till rich 1000.