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5 Dec 2008

Indian Bluechip stock: Reliance Industries Strategy

1. Reliance Industries is likely to face resistance at Rs 1,220 and thereafter the stock can target the level of Rs 1,280.

2. Rs 1280 is a strong resistance for the stock which it needs to move up to keep the bull trend intact else it will see 3 figure mark again.

3. Angel Broking has issued a 'buy' rating for the share with a target price of Rs 1,880.

4. However Sharekhan has given a target of Rs 1,254 and Rs 1,349 for the stock in near future.

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