Concerns over China and Greece are growing and I presume that after the Budget event , investors (read FII) attention will quickly shift to the world happening...
Telecom stock were weak today along with banking. R Com has infact broken below its few months low of Rs 160 and it seems that the fall would continue in days to come if we go by the advanced indicators (not shown here)
Investors may want to 'disconnect' from R Com for some time and re-evaluate their positions - Yes I know investors would be booking losses - but sadly that is what the prices are suggesting.
Keep your fingers crossed for more such 'break downs' !
CA Rajiv D Khatlawala
ValueTrade Academy
www.investogyan.com
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