MY VIEW

The GDP data shows that our economy has started to march forward. In addition with revival measures taken by the govt, I feel that our economy will be the center of attraction for other economies. In the process of weeding out terrorism many new places may turn to be good investment avenue consequently creating fresh demands. In future, I feel Indian standard of living will be high than US.

As steel ministry said that it will encourage domestic production; steel sector looks more attractive, especially sail as it will increase its production capacity. To my mind sterlite company's price chart looks good for investment; however I expect a small correction in nifty come week. If you are a long term investor it doesn't bothers you can invest. To my knowledge it will reach 700 levels in 3 to 6 months. In infra sector LT is good as infra structure as priority in budget. In power sector price chart of siemens is best for investment. In the chart there is rounding bottom which shows accumulation is taking place so for long term investment it is good.

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