the probable good news could be 1. Fund raising for 3G capex by telecom companies at substantial premium to current prices 2. promoters` consolidation of their holdings as they are the best persons to know the worth of their capital and 3. FIIs upping their stake in the companies in anticipation of cheaper 3G cost than what was widely anticipated in view of lukewarm response from telecom players.
As a cyclic behaviour, once the FIIs / MFs start smelling the new year budget plans, they will start buying again. Both FIIs and MFs typiccaly have to show profit / increase in NAV by each year end, So there may be a rally before year end and then by mid Feb.
| NIFTY 
