Weekly News letter.

>> Sunday, December 21, 2008

Last week markets remained up due to good global cues.

I was shocked as US (Obama) is giving Pakistan 100 billion $ loan for its economic upliftments. US is actually playing double sided game. It is giving Pakistan this amount as it has supported its Afghanistan base.

The Satyam and Maytas deal was called off for which Satyam had to shed its 590 cr from its market cap in one single day.

Inflation is cooling down and now it has settled at 6.84%. This is mainly because of fall in the commodity prices.

If we go to see FII’s were neutral during the week.

The week ahead will be a challenging one as we have Christmas coming later a week ahead is New Year.

Stocks to look out for are.

Satyam computers – It has lost much from its market cap will start recovering. I expect a 10% recovery.

Reliance Infra – This stock is showing some bullishness so expect a 10% upside from these levels.

Suzlon Energy – Technically this stock is a great buy at present fro 5% upside.

Indian Hotels – They are starting its operation in new Taj Hotel just next to the destroyed one. So logically this is good news.

Happy Investing !