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Thursday, February 21, 2008

BUY

BUY

Reliance Power

stratergy updates...
Our stratergy on RPower to go short in cash and to go long in March future where the discount was more than Rs.21 seems to be working as the discount is just Rs.9 and moreover the price it self has moved from Rs.388 to Rs.414 (future).

It seems as if nobody wants to be short before the sunday meeting.

As always Ambani's have the habit of surprising every one and hence the bonus meeting is scheduled on Sunday so that there cannot be any speculation. Now just wait till monday as there can be huge surprise installed for....

So we think that to avert surprises traders would not remain short and we expect that the March future of RPower would be in Premium.......

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