Wednesday 18 May 2011

Wednesday 18 May

Market closed @ 5420 (down 18) and Sensex @ 18084 (down 52).

SBI down 2.5% and Reliance was below 900 (down 2%).

seems heading for the 5350 / 17800 levels.

Buy SBI after further fall of 5 to 6% around 2250.

Reliance seems to be in some kind of denial - not able to explain the fall in gas output.
Wait for this explanation before buying this stock.

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