Tuesday, August 14, 2012

Is this Real Inflation ??

Thanks to July Inflation data??? which was lower than expected 6.87 and hope raised from RBI that it may cut Interest Rate. Overall, food inflation declined to 10.06% in July, from 10.81% in June which added more hopes from RBI and Helped Nifty to Rally 32 Points.

Lot has been discussed about Nifty earlier - Sill can't able to close above 5386. The Give Chart shows a Inverted Head and Shoulder Pattern - a Close above 5386 for a Day or two may give effect, or else a fall as I was writing for last 10 days can't be avoided.

Any one new to this blog may refer earlier post for more clarity.

>>>> Adani Ent <<<<

Adani Enterprises - A Buy call given to Members @ 186 which Rallied upto 192.7 and Expecting a More rally in coming days too. One can Buy for short Term Rally which is a Safe Buy from current Levels for an Upmove upto 20-25% return in Short term.
>>> R-Com<<<

I'm Bearish on Rcom for quite some days - Gave a Sell call below 55.5 - after it touched 53.75 - Gave a Hand Some return as the lot size was 4000. Approx Rs.7,000. Even Now Stock looking very Bearish as I feel that a 3rd down wave is going on.

India's Number two Mobile Operator by Subscriber Based Company is Unable to raise capital to Manage its 7 Billion Debt - Scrapped its IPO Plan in Singapore for 1 Billion due to Choppy Market Condition

Now Rcom has applied for a Loan of 30 Bln from Indian Largest PSU Bank - State Bank of India and also need INR 10 Bln to meet its Capex need in Fin Year 2012-13.

Raising Uncertainty in Telecom Sector and falling Profit - Huge Capex Need and Biggest Debt made the company to look Unattractive and I feel it may touch 47 and even 42 in Short term.

Lets See. Cheers!!!