Monday Morning Market Musing - Weak Global Cues

Good Morning to all of you !. It is another Monday morning and another half hour to go before the action in our markets start this week. We have weak global cues to tackle with but we have strong bulls in our market to tackle the cues. We will have weak opening but markets should consolidate and bounce back again.

There have been lot of questions on Reliance and RPL merger and though RPL share holders will be at slight disadvantage when the actual merger takes place, my advice is to stay invested in RPL as the merger may or may not happen. However one should also have Reliance Shares in their portfolio and it should be a balance. I expect that demerger will take place in only in 2009 by the time the valuations will change considerably.

IFCI conversion price for changing the debt to equity of financial institutions may be around 107 Rs and the bids are expected to be around 130 to 150. However all this can change but if you are a long term investor please hold on to get good returns in long term.

Please DO NOT miss the opportunity to buy Reliance Industries if market corrects as I expect it to cross 3000 soon and then the stock split will follow.

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