The answer for this is no.The reason for being pessimist is due to job cuts which many companies are announcing to cope up with the slowdown and also the increasing unemployment.But for short term we are in the strong uptrend which I feel started from 18th May 2009.On NIFTY I am having a target of 4620 and 4653 with a STL of 4215.For this I would like to recommend
1.)Mercator Lines which I feel should go upto 73 and then 80 with STL of 55.
2.)GVK Power which I feel should go upto 55 with STL 42.
3.)Uttam Glava Steel which I feel should go upto 56 but the STL depends upon your risk appetite.
4.)PRAJ IND which I feel should go upto 125 with STL of 102.
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