Weekly Newsletter - Dec 14 2008

Last weekend saw some stimulation for the economy. The measures by the government and the RBI resulted in the major indices gaining around 8% each for the week. Much needed support from global markets pepped up sentiment further.

The coming week will again dance to the global market music. On the domestic front there will be leaks of advance tax numbers. More focus would be on a Fed meet likely next week and industrial production data in the US which is expected to be negative.

Markets have the tendency to surprise and bulls will hope for some positive surprises like this week. Remain cautious. Avoid putting much fresh money as yet .