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BPCL turns attractive forthe long-term
K Seshadri
ABB can slip down up to Rs 186. Buy Bharat Forge with stop loss at Rs 126. It could rise to Rs 142 once the dust settles.Long-term investors should pick up Bharat Petro at Rs 156. Volumes in BHEL are very small. The downside pressure could take it to Rs 100, but the chances of recovery are good. So no need to take losses, I believe. Britannia has a downside gap. Short sell at Rs 640 and cover yourself at Rs 643. Buy Dr Reddy's with stop loss at Rs 1,050. Buy Gujarat Ambuja Cement close to Rs 194.Hero Honda is foraying into new territory. Hold on to the scrip. ICICI has fallen through support level. Wait until it rests at Rs 105-Rs 108 area. Long term investors should buy India Cements at Rs 40-Rs 42 levels. Buy Infosys at Rs 6300. Buy NIIT at Rs 1600. Buy Satyam Computer at Rs 2180. Buy Silverline Industries at Rs 375. Buy Zee Telefilm at Rs 350. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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