MARKET ON 7TH DECEMBER 2010

SENTIMENT MAY REMAIN WEAK BELOW 6000 AND STRONG ABOVE 6050
MARKET MAY REMAIN IN A RANGE TODAY: 5940-5980-6020-6050 & MOVEMENT SHALL BE DEPENDANT ON THE GLOBAL MARKETS AND DOLLAR INDEX. ANY RISE IN DOLLAR INDEX SHALL FORCE THE MARKET TO DOWNWARDS.


PSU BANKS HAVE STARTED HIKING THE DEPOSIT RATES TO MEET THE LIQUIDITY NEEDS. EVEN IF THE BANKS HAVE CORRECTED DUE TO FALL IN BOND PRICES AND INCREASE IN BOND YIELDS THERE WILL BE BOUNCE BACK ANY TIME AS THERE IS NOT MUCH FALL IN PSU BANKS LIKE SBI, PNB ETC FOR MORE THAN 4%-5%. HENCE BUY IN PSU BANKS COULD BE MADE FOR SHORT TERM 25-40 DAYS.


THOSE WHO BOUGHT SBI CA3100 SHOULD BUY SBI CA2800 IF THE BANKS CRACK 4%-5% IN A DAY OR TWO.


ASTROLOGICALLY THIS WEEK IS SUPPOSED TO CLOSE AT THE HIGHER END HENCE BUYING SHOULD BE CONSIDERED AT THE LOWER LEVELS KEEPING SL OF 5880.


COMMODITIES, WHICH ARE DRIVING THE RALLY, IS JUST BECAUSE OF DOLLAR INDEX AND NEW STIMULUS PACKAGE TO BE  DECLARED BUY FED CHAIRMAN.


HENCE BANKS STOCKS WILL FOLLOW THE RALLY DRIVEN BY COMMODITY STOCKS, MAY BE AROUND THE END OF THIS WEEK( 10TH DEC).


ONE SHOULD WISELY PICK THE STOCKS KEEPING THE TRADE IN LIMITS AND PERSPECTIVE OF 30-45 DAYS.


STOCKS TO TRADE AND BUY SHALL BE UPDATED AFTER THE MARKET OPENING.


Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.

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