Sensex would move in a range between 17000 to 21000 levels in Feb. FIIs have pressed significant sale in Indian stocks in the month of Jan 08 and hence I feel that they would continue to supply the stocks at higher levels. ACC (Rs.768) and India Cement (Rs. 205) are good investment at current levels.
Indian Budget (7th by Finance Minister Mr. P Chidambaram) would provide indication future trend.
As for as US markets concerned, i think, most of the bad news are out and bad news could take a breather in Feb 08.
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