Anirudh Sethi Report

Russian prime minister Vladimir Putin appears to have forgotten his recent comments about reducing the state’s role in the economy.

As the The Wall Street Journal reported on Friday:

Russian Prime Minister Vladimir Putin said Friday that Renault SA’s stake in OAO AvtoVAZ could be diluted unless the French company helps bail out the failing Russian auto maker.

Renault’s $1 billion investment for a 25% stake last year was a landmark deal for Russia, representing the largest by a foreign company outside the energy sector. But the French car maker’s efforts to streamline production have stalled, and AvtoVAZ has struggled to pay suppliers and trim its bloated work force. Read more…

* Reliance Q1 net misses forecasts, down 11.5 pct

 * GRMs tumble over 50 pct, hurting earnings

 * Sees growth from new refinery, KG D6 production

Reliance Industries , India’s top energy firm, on Friday posted a larger-than-expected 11.5 percent fall in quarterly net profit, its third straight quarterly decline, as its refining margins more than halved.

Reliance said its net profit fell to 36.36 billion rupees ($754 million) from 41.1 billion a year ago.

Above result …now known to every street person !!Now what to expect on Monday ?

Chart indicates :Last close Rs.2021-July Future.

-1982—1961 are support points.Break below 1961 with volumes and trades for 5/10 minutes watch bloodbath of your life in this stock.Freefall upto 1854—–1833.

Students of Technical Analysis can see Hrly chart and watch out Triangle of  Rs.97.Triangle target is Rs.1891…….Sure to know more details send me mail at Anirudhsethi71@yahoo.com

Updating time :23:45 /Friday /24th July.

PEPSICO INC (NYSE: PEP)

PepsiCo Inc. and its largest bottler, Pepsi Bottling Group Inc., plan to spend $1 billion in Russia over the next three years, extending an investment in a key international market as the economy crimps growth in the U.S.

PepsiCo Chairman and Chief Executive Indra Nooyi announced the investment on a visit to Russia, which coincides with her attendance at a business summit called by U.S. President Barack Obama and Russian President Dmitry Medvedev.

Above is the Weekly chart and we are Highly Bullish on this stock.

Already broken triangle and it looks very soon will kiss $ 62-63 level.Any Panic….Buy this stock.

Two consecutive close above $61 or weekly close will take stock to $ 66-68 level.