>BHEL Q2(anagram)

Stock has corrected 50% from its peak and trading at 16x FY10E earnings provides long term investors an attractive entry point. We are keeping our estimates unchanged and are quite confident about its FY09E and FY10E earnings.

At CMP, stock trades at 21x FY09E and 17x FY10E earnings with an EPS of Rs.72 and Rs.89 Respectively. We recommended Accumulate rating on the stock

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>Technical & Derivative Recommendations(EMKAY)

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Technical & Derivative Recommendations(EMKAY)

>Currency corner(ANAGRAM)

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Currency corner(ANAGRAM)

>Weekly Technical Report (Religare)

The Nifty closed 3% higher in a volatile week of trading. It began on
a strong note but soon gave away all its gains in the next two days.
On the last day the Bulls held on closing at the days high. Realty
stocks were the flavour of the market (up 18%). Among the Sectoral
Indices, Banking, CGS and FMCG closed 8% higher while Reliance,
IT-Teck pack remained subdued. After last week of curtailed
trading, volumes picked up with selective action seen in the Midcap
stocks.

Read full report here Weekly Technical Report (Religare)