To take stock or not

I have an ongoing affair with the stock market. I am fascinated by the " The Invisible Hand".
There is no short cut to make money, it is a science as well as a art. Timing is very important. Using one's common sense is even more important.
My recommendations are based on combination of fundamentals, valuation and basically the simple reading of classifieds, that job recruitments.The market in India is right now very hot. I dont have any short term recommendations. If u r interested in holding for some period than u can consider the following recommendations.
Rolta at 200 Rs.
NTPC at 100-110 Rs.
Ranbaxy at 400 Rs.......... it is in an interesting phase.
These are for people already in the market. For new entrants my recommendation is to try mutual fund route.
Also have ur goals and objectives clear. U will get plenty of advice regarding this on many websites.
My personal recommendation is if u have 100 Rs to invest today, u should do it systemically and u should diversify. By diversification I mean 70-80% in equities and 10 % in gold and rest in whatever u like. The equities can comprise mutual fund or if direct exposure is sought I advice proper study by each individual investor. Dont buy becos somebody else asks u to buy. Buy the stories u know, the business which u understand and also the business which u dont understand, bcos then only u will be able to create wealth.
When selecting ur life partner, or school for ur son , or ur doctor , what efforts u take, please take the same effort when investing.