At the weekend (Friday Afternoon Report ) – July 18, 2014

Markets closed near 7700 for the week and Biocon joined those going off the cliff even as markets ready themselves for another up move from here. Interesting stocks losing steam include Eros Media too , not likely to be buyable for Institutions despite the likely intent to buy in these markets. Indian Bank buys could continue while the stock goes down but we are not recommending such stocks. Jet Airways remains unviable for investors with a longer term renewal plan proving only longer term investors are welcome int he business.

The red marks on GMR Infra however probably could be recovered back from 22 levels and LIC Housing will again start with IDFC on a high note on Monday.


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