We believe tata steel has announced projects in orissa which has not seen the light of day. these projects may not take off. whereas jsw steel has announced a 5 million tonnes project in west bengal and one in chattisgarh, west bengal may take off due to buddhadeb. india will become a net importer of stee. mining cos do not have any fuuture because steel cos are being favoured with captiv mines. inidan cos are also unsuccessful in acquisitions. we believe jsw is better than tata steel.titan, ril, rpl, reliance capital, pantaloon retail, reliance infra, bhel, L&T are franchises with an enduring brand value. these are the stocks which you should hold for a 10 year horizon. stock market is a relocation center where money moves from the impatient to the patient. be greedy when others are fearful, be fearful when others are greedy. market is headed lower. can fall to 10,000 levels and may not recover for 3 years. avoid trading and preserve your capital.