CONTINUE HOLDING IN APOLLO HOSPITAL

Hi friends
Hope u all will remember my apollo hospital buy recommendation given on last month at 490 rate.now it is trading at 550 levels and keeping mind the market scenario we have today i still like to continue holding in my favourite stock APOLLO HOSPITAL for next couple of month for a target of 600 levels.

WHY GOLD CLIMBS UP?

The price of gold witnessed an unprecedented jump on Wednesday after the domestic and international market saw heavy stocking of the yellow metal following news of USA raising the debt ceiling. During trading on Wednesday, the price of gold rose by Rs 975 for 10 gm compared to the closing price on Tuesday. The price of gold had closed at Rs 23,375 for 10 gm on Tuesday and touched Rs 24,350 in the grey market on Wednesday.

The metal finally closed at Rs 23,955, a rise of Rs 580 over Tuesday’s closing. This is also the record price of gold.

Gold traded near an all-time high on speculation that the U.S. Federal Reserve may provide additional stimulus amid signs that the economic recovery is faltering, spurring demand for wealth protection.

Immediate-delivery gold, which jumped to a record $1,672.80 an ounce yesterday, was little changed at $1,663.45 at 9:35 a.m. in Singapore Spot gold has rallied 2.2 percent this week as investors sought haven assets on concern that debt problems in the U.S. and Europe will slow growth. Holdings in exchange- traded products rose to 2,178.467 metric tons yesterday, the highest level ever, Bloomberg data show.

Reports today and tomorrow may show initial U.S. jobless claims climbed last week, while the unemployment rate remained above 9 percent, according to Bloomberg.

SO I RECOMMEND MY CLIENTS TO GO LONG IN GOLD TROUGH GOLD ETF OR PHYSICAL GOLD WITH A LONG TERM VIEW

MARKET VOLATILE. BE VIGILANT!!!!!!

Hello friends,market is highly volatile due to US debt ceiling issue and European crisis.Most of the news from west indicates global recovery is slow downing.So dont trade in market unless u have patience to hold the stock for months.

PLS BOOK PROFIT IN FCH

Now u can consider booking profit in FCH at 190 levels which came todays trading session.Hope u would remeber my buy call gave on FCH at 140 levels.Stock is now around 36% up from my recommended levels.So i will soon update with nother stock idea in coming days

PLS BOOK PROFIT IN PANTALOON AND SHOPPERSTOP

Hello friends,now its time for booking profit in pantaloon.I have recommended pantaloon at 270 levels and shopperstop at 400 levels.Pantaloon is up 34% and shopperstop is up 25% from my recommended levels.So i am selling both stocks at current level around 350 range and 500 range.Dont miss profit booking oppurtunities.I will recommend more stocks on coming days

WHY I RECOMMENDED PANTALOON?

A committee of secretaries (CoS) has recommended 51% foreign direct investment (FDI) in multi-brand retail, albeit with some stiff riders, paving the way for the entry of some of the world’s biggest retailers such as Wal-Mart, Carrefour and Tesco to set up shop.

While consumers can look forward to more choices from an entire host of retail chains that are expected to enter the Indian market, the industry will be able to fund large scale expansions when retail is finally opened up to FDI. These prospects became brighter as a result of the committee of secretaries recommending 51% FDI in multi-brand retail formats.

Apart from opening up doors for the likes of WALMART and Carrefour, which have been waiting in the wings for years, it would eventually also benefit small and marginalized farmers as well, industry experts who spoke to TOI said.

According to Thomas Varghese, chairman, CII National Retail Committee and CEO, Aditya Birla Retail, "The move will bring in the required funds from all kinds of foreign investors into modern retail which was till date stymied for funds." Varghese said that once the funds come into India through the FDI route, it will usher in a phase of expansions. Once cleared, the move would offer Indian companies the option of selling a part of their stake to foreign companies enabling them to become debt-free. "For us as a company, the option to sell a stake comes into play in order to make ourselves debt-free. The FDI will throw open opportunities which will enable us to sell a stake and raise funds," said Kishore Biyani, chairman , Future Group, India's largest retailer which operates stores like Big Bazaar and Food Bazaar.

"For us, categories like home, electronics will gain immensely if we bring in a partner. The industry has the potential and, with the opening up of the sector, can grow faster," said Biyani, who hoped that closure on the much-awaited policy change was just a step away.

NOW PANTALOON IS ROCKING STAR FOR THE MONTH.IT TOUCHED INTRADAY HIGH OF 359.SO I CONTINUE MY HOLD RECOMMENDATION ON PANTALOON AND SHOPPERSSTOP ALSO