The world is reeling under the sub-prime lending issues of US, spreads to the world across. The economy is so inter linked in this era of modern dynamic days that no single economy is independent of it’s own. The interdependence is good when the sailing is smooth but things worsen when they move for a wrong reason.
The beauty of this kind of fall is that it offers blue chips, emerging stocks for a throw away price. The stocks like BHEL, ABB, L&T, NTPC, WIPRO, Divis, IDBI, IDFC, YES Bank, Moser Bear, Praj Ind and RIL. No matter to mention the leading big boys who emerge fast once the dust settles. So grab the opportunity from Monday onwards.
For today, RIL has good support at 1792, SBI at 1591-89, Infy at 1886, TCS 1106-03, Satyam at 451-48, BHEL at 1665, L&T at 2380, RCOM 511-09, Tata steel at 621-18, Sail at 139-41 level. A thumb rule is expect 4-5% down in Large caps to 7-10% in Midcaps.
Friday, August 10, 2007
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