You See, Airtel is at a very crucial support of 550. This is a long term support area. Also this is being held by trend line which also happens to be the the 20 DMA.
Along with this the results of Airtel are quite good. The quarter is positive. close to 750 Cr. PAT. The Earnings per share is now positive for 2 quarters now. Perfect time to go long. for an easy...
RIL has been consolidating for a long time b/w 1950-2000 levels . The 1930 zone is a good demand zone, There has been some buying at support lower levels. If the news flow is good over the weekend, RIL can shoot up. Also, seeing the sentiment of the global markets, the following week seems positive. get long b/w1940-1950 for a target of 2050.
