KASHMIR

I have just come back from Kashmir tour. I must say it's a wonderful place. Those who can't afford to go to Switzerland must go to Kashmir. Terrorism has almost come to an end in the valley. One must visit Srinagar(Stay in Houseboat), Gulmarg and Pahalgam. Prefer hotel rooms with heaters. It gets very cold when it rains in Kashmir. Gulmarg is the best of the lot. Hotel Hilltop is good. A ride on the bike is a must. Snow is found till mid May. Hotel Mountview has beautiful view of Pahalgam hills and garden. I have now seen almost all the tourist places in India and Kashmir is the best. According to me, the top 5 most beautiful spots in India are Tajmahal, Jaisalmer desert, Snow spot in Gulmarg, Mini Switzerland in Pahalgam and Golden temple in Vellore near Tirupati.

new picks

As indicated, sell Unitech at 86, book profit in Natco. Buy DCHL and Ranbaxy futures and short Bank Nifty futures.

f&o picks

Markets are likely to be volatile in coming week in view of credit policy and result announcement of many companies. Buy Aban, United Spirits and Renuka futures on decline for a month and short Unitech and Tata Steel futures on rise.

Granules

Granules has closed above Rs.100. Buy for a quick and sharp upmove

New picks

Natco Pharma has crossed multiple year high of Rs.145 and looks good for short as well as long term. ICICI Bank is at 2 year high and looks strong at Rs.975 due to strong credit growth. Buy Jindal Saw for very short term if it closes above Rs.225

Stock Market in April

The market is likely to remain bullish as the indices have crossed 26 month high. Midcap shares are likely to outperform the market. Buy shares that are touching their 52 week high or crossing double/triple tops. Some good picks are Insecticides, Welspun India, Sun TV, Everest Inds etc.