Eye's on IIP

One more day of sluggish trade, with some specific scripts outperforming markets as usual. Block deal again on Reliance (around 3000 cr) made the stocks to bend down and dragged the market as well. It's trying hard to make the pending deal to go through, which I feel would be a positive boost for the markets.

Bharti telecom deal ended successfully, with some good news from SC boosted telecommunication sector.But the big news, IIP data to be reviled tomorrow afternoon, and because of last month blasting numbers, the expectation are high, personally i feel anything above 10.9% may trigger positive sentiments.

Tomorrow, again have an eye on power sector and capital goods. Lot's of stocks are on for upper breakout only, so friends trade carefully.