Reliance below 200dma Stay cautious

16 paź

Elon musk launched many satellites , if star link gets successful can be desruptive to telecom and internet services ,indian government may support indian companies because they do not want other players to come in however they support indian big players but still we can see amazon in indian market despite challenges faced, MI phones in indian markets ,

we know what happened to fmnl when amazon was into retail , and we another side who opposed amazon

but amazon is also a gaint

so clash of gaints guys

but government cannot ban outside companies because we are not china we have fair ground little bit advantage to big players

we can see what happened to micro max , when mi came

manufacturing in india is not always there on their own because we lack innovation most of the time

we can see almost every big company tie ups with another foregin company to set up plants etc

so if starlink we get connection directly from satellites can it be stopped from reaching people?

just like what happened to idea?

and we know how much politicians oppose they all eventually get sold

even one State in india they enter with free wifi and calling etc

Is this the reason for fall in reliance?

Lic kept 1 lakh Crore to Buy if fiis sell till now fiis sold for 75,000 cr and retailers sip they say it is 24,000 cr last month

and most of retailer sip comes from atal pension ,
life insurances etc

so if telecom gets disruptive Idea itself is posting minus -30,000 cr per year
till now more than -180,000 cr

so is inflation going to rise or more taxes in india to cover this?
or govt removed band width purchase because idea no longer can afford it?

Disclaimer - not an investment idea or call just my view and opinion trade at your own risk