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17 Mar 2008

Reliance Update:17 Mar - 21 Mar

1. Reliance is giving jitters to a lot of people who are rolling the stock in derivative segnent. It has a monthly resistance at 2445 and it has to give three close above this magic figure to show some strength.


2. Reliance has a down side major support at 2100-2125.

3. It is having strong support at 2297 and below that only weakness will prevail.

4. One should avoid buying the stock till it crosses above 2126. If it is not able to sustain above this level than one may even see levels of 2021 or even 1751.

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