Weekly Newsletter - March 29 2008

After posting one of the best weekly gains in recent months, the bulls will hope to retain their hold. Markets could see some spikes before the result season gets underway. Despite inflation rising, the markets staged a strong comeback on Friday. Some suspect the gains witnessed in the week, especially on Friday, was more to do with NAV propping by some mutual funds.

Like in recent weeks, pressure at higher levels will continue to keep the markets choppy. Besides the global cues, there are worries on the margin front for institutional investors too. No harm in booking profits if some recently bought stocks have had a good run. But then keep collecting some stocks for the long term too. w