Sunday 29 June 2008

BSE Market Update

Market condition has detoriated. At this moment there are no support nor there are any signs of recovery. There might a short term bounce either due to profit booking on short positions or bottom fishers. Inflation is major cause of concern at the moment.

Wait for signs of recovery before diving in again. Companies with no debt on their balance sheet are doing well. This includes IT giants and pharmacetuicals.

Stocks to watch
Geometric software

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