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23 Apr 2009

Intraday stock tip for Reliance Industries | 24 Apr

1. Reliance is driving the market as market is expecting surprising results from Reliance despite recession and that too tune of Rs 3825 crore.

2. However key lies in Nifty holding the levels of 3300-3350 and in that scenario one can use the opportunity to enter in stock near Rs 1650 levels and one can see stock touching levels of Rs 1850.

3. As a strategy if the Nifty breaks level of 3349 than one can enter in stock near 1575 levels. Remember Nifty has a tough time as people will be using the relief rally to book profit.

4. If one is aggresive in approach with high risk high return appetite than one can enter in stock keeping a stop loss of Rs 1734 for a target of Rs 1800.

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