Continous Downtrend

Readers Hi,

Week started with a 500+ rally and then lost over 900 points making 482 points down or -3.44% to 14,000 and Nifty lost 124 points or -2.92% to 4,228.

Remember we had warned you about a FII doing heavy selling and may be totally leaving India. I am sure you must have read the news about Lehman Brothers.

Crude Oil is now $101 per barrel.

FII have sold worth 3,445 Cr and Domestic MF have also been selling around during the last week.

Inflation at 12.1% was lower than 12.34% for the previous week.

IIP numbers were strong @ 7%

US $ to Rs is 45.70

Market is under extreme pressure of selling. Despite several good news, market is on a continous downtrend.

1) Shares - Targets Achieved

Investment Type	Company Name	Date Added	Target Achieved	No of days	Reco Price	Target Price	Peak Price	% Gain	Annualized % Gain
ST	Areva India Limited	23-Jul-08	08-Sep-08	47	1617.15	1830	1830.00	13.16	102.48
ST	ORG Informatics	08-Sep-08	08-Sep-08	1	30.25	35	38.85	28.43	7320.00
ST	Valiant Communications	08-Sep-08	08-Sep-08	1	25.70	29.5	30.80	19.84	7261.44
ST	Larsen & Toubro	23-Jul-08	08-Sep-08	47	2571.90	2888.8	2892.55	12.47	95.94
ST	Alstom Projects	23-Jul-08	08-Sep-08	47	422.30	470	470.00	11.30	88.00

For more details visit www.vjondalalstreet.com/marketma.php

2) Mutual Fund

• IDFC Strategic Sector (50-50) Equity Fund
• Escorts Power and Energy Fund

www.vjondalalstreet.com/mfopen.php

Happy Trading!

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All information provided is for informational purposes only, not intended for trading purposes or advice. Prior to execution of any trade, you are advised to consult your financial advisor to verify the accuracy of all information. We are not liable for any informational errors, incompleteness, delays, or for any actions based on information contained herein.