Weekly Newsletter - Feb 21 2009

It’s been raining losses this week on every Street. The markets are desperately looking for some trigger to fire either way. The F&O expiry will have its own amount of swings. What could cause some added swings would be the way investors adjust to the new market lots which are revised for fresh month contracts.






Global cues continue to dampen the mood. The only safe haven remains gold. But again there seems to be more speculation than actual buying of the precious metal. The little hope that market is expecting is some measure from the RBI. For now it looks like banks will have to take some measures on their own to boost demand. SBI has announced a cut in auto and farm loans. Let’s wait and watch how the rest of the banks react to the same.