>> Sunday, March 8, 2009
Last week we started off with RIL and RPL merger news. RIL has announced share swap ratio of 1:16 for its merger with RPL.
We saw RBI reducing rates.
Inflation breached to 3.03%.
We say global markets touching new lows.
US markets is now at 5 years low.
Next week IIP data will be announced we will see a bad number again due to bad global cues.
Sectors to watch out for -
GOLD Stocks (Rajesh Exports)
Stay away from Capital goods stock before IIP data is released.
Stocks to watch out for -
Reliance - Reliance has a good support at 1150 and above 1195 it can move till 1260 (weekly basis.) (SL of 1120)
TCS - buy above 474. It has good support at 469 and a resistance at 494 . SL of 463
Other stocks to watch out are -