Weekly Newsletter - Oct 16 2009

After a cracker of a year, the bulls will hope they don’t have to go through the agony again. Every time the indices soar to multi-month highs, there is fear in the air. Liquidity continues to flow in from the foreign shores while on the domestic front there appears more caution and less action. Results have been more or less in line or better than street expectations. The coming truncated week will have a deluge of numbers for the market to ponder over. Inflation, though rising gradually could turn out to be a dampener in the coming months. Global cues will continue to have a major influence on the broader market. The hub of activity however may continue to remain in mid-caps and non-index counters. Do your token trades on muhurat day and have no regrets. The year promises to be much better than the one we just survived. Shubh Deepavali and Happy New Year.