Last week review

The index has ended the week again in positive zone closing at 17600 up by 585 points. Now the short term target of 18000 may come soon enough in the coming week, but caution is advised as the index will probably correct for a while by some 700 points anytime and wait for a while before long commitments.

ULTRATECH CEMENT Close 755.25The stock is down from a high of 1165 hit in October last year which is about 35 % down and it may not fall more now. Keep a stop of 730 and buy this stock, for a target of 850 is in the offing in the near term and long term investors can accumulate.

GUJARAT MINERAL Close 335.75After the stock split in November it has fallen from 600 to these levels. Buy now with a stop of 310 for a target of 400 in the short term as it has supports at about 310 and may not slide further now.

SHREE PRECOATED Close 195.50A very volatile stock . In January it was at 483 and is down by 60 % today. It has supports at 175 levels and hence buy this stock since it is showing signs of reaching 250 in the short term. Keep a stop of 180.

BALAJI TELE Close 177.20The stock is ready to recover now since it had peaked at 388 in November and is also considerably down by 54 % . Buy with a stop of 160 for it will race upto 215 levels in the short term.

PRITHVI INFORMATION Close 178.65This stock is ready to move upwards as it was at 352 in February and one can buy now with a stop of 160 for a quick target of 225 in the near term.

GLORY POLYFILMS Close 63.80A high risk high return stock. After listing in June last year at these levels only it had raced to 108 in Feb and is back again. Keep a stop of 55 and buy this stock for some day it will again scale 85 in no timeSUBROS Close 38.85Buy with a stop of 33 for a target of 51 in the short term. The stock is ready for its upmove and has corrected from 68 levels in January .