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Friday, July 9, 2010, 01:37 PM
Posted by Administrator
Posted by Administrator
Hi Guys,
Guess you have been sitting on boring markets. The markets are showing good strength amidst a lot of negative news flow on the Eurpean front. I think our worry should be high food prices in India and not the Eurpean markets. The high inflation suggest that rate sensitives will suffer. Look out Tata motors and Maruti and other auto majors. If they still move up I think it will be on the back of their individual story. Well as for me I think the best bet is the laggards. Any guesses? The likes of Satyam. Why not Satyam itself? the 88 barrier on the lower side is strong. The breaking of the 99 barrier on the higher side is a good possibility. That's my take in this already expensive market. any better ideas?
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