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10 May 2009

Indian Bull run at Sensex led by Reliance | day Trading Tip | 11-15 May

1. Reliance has been a leader in this rally and if the stock is able to sustain itself above the level of Rs 1,850; than the stock can target level of Rs 1900-1,920-2060- 2,100. However as a strategy one can short this stock if the same falls below the level of Rs 1,619 as is required to reverse the positive medium-term outlook.

2. As a strategy for buying one can buy this stock once stock starts trading above the level of Rs 1,936 with a stop loss at Rs 1,825.

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