Weekly news letter and stocks to look out for.

>> Monday, December 29, 2008

This week we saw markets crashing down drastically. Sensex and NIFTY both are down over 7%.

Inflation is cooling down. Current inflation is at 6.61 compared to 6.84 last week.

See the life as crude is below 35$.

Satyam is banned by World Bank for 8 years. (Don’t carry any long position is this scrip)

FII’s activity is now negligible.

We will see some DII’s buying stocks.

More over companies are buying their own stock from the market so as to increase the promoter’s holdings. The latest company to do so was GMR Infra.

Stocks to look out in this week.

Satyam Computers. – Any thing can happen now.

Unitech. – My favorite to trade. Good movements. Highly volatile.

Axis Bank.- Again the same story , expect rate cut.

UCO Bank.- Technically strong stock.

Reliance Ind. – Can bounce back from any levels from now.

Happy Investing!

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