Mid-day Assesment:Look at Lok Housing Numbers:

The markets were up in the morning but as the day progressed it started to slip. Reason: Speculation(or apprehensions) about RIL results in an internet web-site. The markets are still trading in lacklustre way on the apprehesion of bad showing by RIL in the Q2FY--2006-07. But all said and done: if the RIL comes with not so good results then it might compensate the investors with some benefits like Stock Split or Bonus issue[Can u recollect what Infosys Technology did some months back??].

There is a silver lining: The RIL will gain from the Naptha prices which rose by more than 22% during August--September period and this will definitely show up in the balance sheet of Q2FY---2006-07. Naptha prices are now coming down after the crude started its southward journey. The markets are subdued today as if RIL is the only company in India among more than the 9000 odd companies listed in various Indian Bourses. I know it has huge weightage in the Indices but still if RIL does not do well, then shift to other companies which are doing well--Plain and simple. Isn't it!!!?? Why do u have to look at Indices all the time to invest!!! Some of the traders with the patronage from the brokerage houses and media have developed this bad habit off late. I invest more than 85% of my potifolio in B1, B2 & S group counters: But I am happy to say that I only gained from the markets. Investing in the markets needs patience,correct choice of scrips at the correct time and correct time of exit (the last one is the most important); that's all. Invest in a good scrip and keep holding for a certain time period focussing on a target----u will see money grow on trees. Don't believe me....just try with one or two scrips...and see the results... Cebrity Fashions is looking good at present as the stock is already up 11 %.....Deepak Fertilizers Ltd, added 8 windmills whose cumulative output is 10 MW of power. It is also going in for other businesss like Gravity India Ltd which is shifting to Shopping mall , Hotel and Real estate business.

Keep holding all ur poisitions---a very strong market momentum still persists in the markets as global cues are all positive. The markets might go down a tad below if RIL comes up with unsatisfactory results; but that does not mean all the companies will post disappointing results---this is just a temporary phenomenon. Some days later people will all forget this and the market will again move at its own pace. The market is also react to F & O settlement round the corner. Yesterday, I mentioned about L & T which came out with good results today. At the I can say: 'Looking at the global trend it seems that Bull army will be back again on the ring soon to butcher the Bears. Keep watch!!'.

Hold or add:

Gravity India Ltd at Rs.6, Oriental Beverages at Rs.16, Apcotex Industries Ltd at Rs.42, Zenith Fibres at Rs.25, Avon Organics at Rs.23 , Jubiliant Organosys at Rs.205 and Orchid Chemicals at Rs.207[recommended at Rs.193]. My earlier recommended pick Zenser Technology Ltd at Rs.201 and Rs.214 is now trading above Rs.235. Hold Haldyn Glass( Recommended at Rs.41 and Rs.44) and Gujarat Hotels Ltd( Recommended at Rs.52) with 5%--10% SL from the current price. Best wishes, Suman Mukherjee India. www.eindiabrokers.com http://finance.groups.yahoo.com/group/SumanSpeaks