52-Week Low on 18th March 2008

Symbol	Company Name	52-Week Low	Last Trade	Change
ORCHIDCHEM	Orchid Chemicals & Pharmaceuticals Ltd	120.00	127.30	-79.95
ICICIBANK	ICICI Bank Ltd	744.00	759.95	-117.00
HIMACHLFUT	Himachal Futuristic Communication Ltd	16.60	16.95	-1.50
DISHTV	Dish TV India Limited	42.10	43.00	-5.15
AMBUJACEM	Ambuja Cements Ltd	96.00	118.05	-1.90
MTNL	Mahanagar Telephone Nigam Ltd.	95.65	96.80	-3.55
NORTHGATE	Northgate Technologies Limited	311.60	315.50	-74.00
ORGINFO	ORG Informatics Limited	32.00	32.60	-2.05
DSKULKARNI	DS Kulkarni Developers Ltd.	138.55	143.40	-23.05
ORIENTPPR	Orient Paper & Industries Ltd	35.00	35.70	-3.00
RUCHINFRA	Ruchi Infrastructure Ltd.	21.80	23.25	-0.40
PARSVNATH	Parsvnath Developers Limited	200.00	200.60	-13.80
OMAXE	Omaxe Limited	175.25	200.10	-12.30
MEGH	Meghmani Organics Limited	17.00	18.90	0.85
MOSERBAER	Moser-Baer (I) Ltd	135.15	138.25	-11.55
AFTEK	Aftek Limited	35.05	36.90	-4.80
DHAMPURSUG	The Dhampur Sugar Mills Ltd	42.95	43.95	-3.70
IOLN	IOL Netcom Limited	211.15	227.50	-33.20
GRAPHITE	Graphite India Limited	43.15	43.90	-5.50
PRITHVI	Prithvi Information Solutions Limited	139.45	139.45	-34.85
SPENTEX	Spentex Industries Ltd	18.00	18.25	-1.40
VIDEOIND	Videocon Industries Limited	278.00	280.60	-21.95
FINANTECH	Financial Technologies (India) Limited	1410.30	1429.70	-105.45
FCH	Future Capital Holdings Limited	460.00	528.55	48.05
CCL	CCL Products (India) Limited	139.00	143.00	-10.30

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The Bombay Stock Exchange down over 770 points and NSE Nifty was down 250 points on 13th March 2008

The Bombay Stock Exchange was down over 770 points or 4.7 per cent to 15,350. major selling was seen in the frontline stocks. One can spot a gravestone doji in the previous candle which is a very bearish signal in 13rd March 2008 Chart. Nifty was down 249 points. The markets Nifty slipped below 4600 mark during the day and Sensex breached 15,400 mark. Broader markets have also collapsed with CNX Midcap down over 5% and BSE smallcap index was down 5%. Markets breadth is negative with advance:decline at 1:16.

Reasons behind Stock Market Fall

• Two-year yields slipped below 1.50 percent, 10-year yields fell to a seven-week low and the three-month bill yield held at 1.4 percent after Carlyle Capital Corp. said talks with lenders failed over $16.6 billion of defaulted debt through 12th March 2008.
  

• Oil prices hit a record 111.00 dollars per barrel 13th March 2008, Saudi Foreign Minister Prince Saud al-Faisal said speculators were largely responsible for the price peaks.
  

• The Euro (EUR) traded at a record high of 1.5559 versus the dollar.
  

• The US currency was last quoted at 100.14 yen after reaching 100.03, the lowest since Nov. 10, 1995.
  

• Industrial growth slipped to 5.3 per cent in the month of January, compared to 11.6 per cent in the same month last year as growth in all major sectors comprising manufacturing, electricity and mining declined.
  

• China's industrial output expanded by 15.4 percent in the first two months of 2008, It compares with a growth rate of 18.5 percent in the first two months of 2007.
  

• The Indian currency opened weak at 40.44 on 13th March 2008 compared to a gain of 12 paise at 40.33/34 on 12th March 2008.

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Best stocks for 2008

Indian stock markets Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) has been seen more volatility from February 1st onwards due to short selling by big
institutions. 500-1000 point intra-day swings will become common due to SEBI’s new policies.

Top Stock for 2008 / Best Stock picks for long term investors:

1. Reliance Communications:
• GSM subscribers will increase.
• According to rumours, apple may give iphone contract to R-Com.
• business of Rcom is less dependent on American financial system.

2. Reliance Petroleum:
• It will unlock its true value 2-3 months before the commencement of refinery.

3. Glenmark Pharma, Educomp solutions and Divis Labs:
• Announced wonderful results
• Good performance for the last 2 years.

4. L&T:
• High valuations.
• Demerger of L&T in 2010 will surely benefit long term investors.

5. Reliance Industries:
• Buy this stock below 2500 and wait for 1 year.
• Reliance Retail and Reliance Life Sciences may list in the markets in the coming days.

6. Welspun Gujarat:
• This stock is Fundamentally sound stock.

7. Among metal companies, we Stock Market Prediction prefer Jindal Steel while ABG Shipyard is a good one in the shipping sector.

8. Among financial stocks we Stock Market Prediction prefer SBI and PBN bank.

9. BHEL and ACC may give decent returns for long term investors during 2008.

Stock Markets Prediction View on Stock Market:

1. SEBI allowed FIIs for short selling in Indian Stock markets from February 1st which has given more volatile markets.

2. Stock investments may not give you stunning returns but if you invest in accumulating manner for long term, you will get decent returns.

3. Retail investors should stay away from derivatives and penny stocks. Invest in fundamentally good stocks at reasonable valuations.

4. Investors in Tata Steel (corus), Hindalco and Tata Motors (Nano) will need to wait 2-3 years to get real benefits.

5. Tata Chemicals and Matrix Labs are best stocks for long term investors.

Accumulate the above mentioned stocks at reasonable prices and wait for 1 year to get decent returns.

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