Archive for January 18th, 2009

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Market Review for 19th January 2009

BSE Sensex: (9326) the market unfolded as expected and closed positive, so far the market looks ok and I only hope it closes above the 9400 mark and if that happens then we may see some up days in the days to come

Weekly Review for the Week January 19th – 24th 2009

We said ‘Technically the market is in a pause mode with an overhang of a sell. I would like to view the market as down unless it crosses the 10000 mark with force. We now head into results season and the market is likely to be very volatile with a negative bias.

ROCKET STOCK…. COMPACT DISC INDIA Ltd. 37 /-; TARGET 65/- & 135/-

ROCKET STOCK…. COMPACT DISC INDIA Ltd. 37 /-; TARGET 65/- & 135/-

 

Weekly NEWS letter and stocks to watch out for from IndianMoneyPlus.Com

Source – IndianMoneyPlus   – Satyam saga is still going on. Inflation is cooling and IIP numbers come good.
We saw volatility last week.
The comming week I dont expect much of upside.
I am bullish on FMCG and Cement stocks and to some extent energy stocks such as NTPC and BHEL.

Satyam, Wipro lose over $4bn on US bourses in a week

IT entities Satyam Computer Services and Wipro together accounted for more than half of the $ 6 billion losses incurred by the Indian stocks listed on the American bourses last week.

Selan Exploration Technologies Ltd–a stock poised for massive upsides ahead as company decides to go for buy back of its shares at a price upto Rs.230 per share…..Rolta Ltd could be a dark horse going forward….

Selan Exploration Technology Ltd (BSE Code–>530075): Some additional Inputs (I think you have read my earlier inputs in this scrip):

India’s Singh Predicts ‘Difficult’ Year, Signals More Measures

India’s Prime Minister Manmohan Singh said the fiscal year starting April 1 will be “difficult” and signaled policy makers may add to interest- rate and tax cuts to bolster the slowing economy.

Bank of Rajasthan net profit rises 16.75% in the December 2008 quarter

Net profit of Bank of Rajasthan rose 16.75% to Rs 49.21 crore in the quarter ended December 2008 as against Rs 42.15 crore during the previous quarter ended December 2007. Total operating income rose 42.01% to Rs 372.63 crore in the quarter ended December 2008 as against Rs 262.39 crore during the previous quarter ended December 2007.

NIFTY Weekly Technicals from IndianMoneyPlus.Com

Source – IndianMoneyPlus.Com

Markets were volatile last week but rebounded again.