Monday, December 20, 2010

Expect subdued activity in the coming weeks

Dalal Street is likely to open flat, inline with the global markets on account of listless trading due to "December" factor. From Wall Stret to Dalal Street there is not much to expect in the coming two weeks unless there is a major global event. Asian Markets are trading flat today.

News Bytes

* Patni Computer bid in last stage, new owner likely this week

* Moser Baer Solar plans up to $600 mn capex

* Gold jewellery sales increase 20% in last fortnight

* Ranbaxy to recall batches of anti-cholesterol drug from UK

* PTC finance arm to float, parent’s stake to reduce

Market Outlook

We expect markets to trade in the range of 5800-6000, taking the pain to option traders. This month's expiry has another ten days to go. We advice investors to start picking up stocks as New year is most likely to rock. We are expecting massive inflows in the second week of Janunary