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21 Jun 2009

Free Indian Stock Markets Tip | Reliance | 22 -27 June

1. One has to trade cautiously in Reliance as stock closing below 2099 level is a mater of concern. The downtrend in stock is supported by technical analysis for the chart as negative divergence in the weekly oscillator and penetration of the intermediate-term up trend line supports the reversal.

2. This Indian bluechip stock can fall to the levels of Rs 1950-1,975-1850. As a strategy one should buy in this stock only when it closes above the level of Rs 2,201 for a target of Rs 2,350.

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