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13 Jul 2008

Hot profit making tip for Reliance stock

1. Reliance Industries is presently trading in a range and thus the trend in coming weeks appears to be negative and any breach of stock at the level 0f 1979 means that the stock can touch 1850- 1550 levels. Stock is enjoying a valuable support at the psychological level of 2000 which if sustained means that the stock can propel higher. If stock sustains this level then it can target 2140-2260 levels. Keep an eye on the level of 2265 bevcause if stock moves above this levekl then short term trend for the stock turns positive from negative.


2. As a strategy short term traders can go short once stock closes below 1979 mark.

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