This week pick of the week counter gained 4.5%for the day.

As expected today domestic markets ended on a bearish note as the benchmarks extended their losing streak for eight straight sessions and slipped below the 16K level amid weak global cues.  We asked our clients to not go for agressive buying in this kind of volatile and bearish market conditions, as expected markets started meltdown.
Most of the  Asian markets fell on Monday amid speculation that the US Congressional Committee will be unable to reach an agreement on the $1.2 trillion spending cuts on Monday.  Investors are worried that a growing political divide in the Congress may threaten the fiscal consolidation plans of the world’s largest economy and may lead to another credit rating downgrade. On the domestic front BSE SENSEX closed at 15946.1, down by 425.41 points from the previous close and  NSE Nifty ended at 4778.35, down by 127.45 points.


This week pick of the week recommendation counter which is into hotel industry gained 4.5% for the day, today morning we have recommended our paid members to buy this counter for around 40 to 45% gains in next 6 to 8 weeks, today itself gained smartly and gained 4.5% for the day.


ShreeYash Industries Ltd: As mentioned several times shreeyash industries is showing strong support and resisting to go down, even on market meltdown the counter gained 3.48% for the day, This proves the strength of our recommended counters.