Buy for Jun 5 2008

By -
Buy Tata Power 1170, 1180, 1190. Sl 1000.

This stock is trading at midpoint of its 52 week high and low. The market will continue to see corrections with hike in fuel price and also with fall of Rupee compared to US dollar. The power stocks are falling and so are relatively cheaper now. The market will continue to limp for next couple of months. We will continue to rate few good companies that we think are good buys. Buy and hold Tata power for at least 4 to 6 months. We will post another rating in few months.

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