Market Outlook for the 4th week of June 2005 June 16, 2006

Markets will have a bull run in the forthcoming week after the massive bloodbath that lasted for nearly 25 days. Markets across asia are recovering right now from the crash. This crash is supposed to be one of the worst in history where in india we lost nearly 2300 points on Sensex over such a short period ( Profits of entire 2006 was wiped off the table) What we see right now is that the market has a support level at 9600 and it will not bottom out beyond that. Excellently poised to take position right now. My wishlist to buy would be Provogue, Reliance Petroleum, Shringar Cinemas, Suzlon Energy, Inox leisure, Bharat forging, Prime focus and bannari amman sugars.On IPO segment most of the companies that were supposed to prime themselves to launch have chickened out owing to the market crash. So we need to wait and see for one more month.

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