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26 Apr 2009

Best tips for Multibagger Stocks: Reliance | 27-01 May


India Stock Tip: Reliance


1. Reliance industries ltd is facing strong resistance in the band between Rs 1,800 and Rs 1,850 and one need to watch this band carefully as stock can get into downward mode from here.

2. However if stock is able to keep itself above the level of Rs 1599 on closing basis, than one may see again a bear mkt rally in stock which can propel stock to the level of Rs 1,886-Rs 2,020- Rs 2,100. Hig risk investors can hold the stock till the level of Rs 1579 is not breached and risk averse investors must exit if it breaks the level of Rs 1,660.

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