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18 Jun 2009

Indian Shares tip which Produces Profit | Reliance Update | 19 June

Share Tips India: Reliance

1. Indian stock major Reliance is an over sold counter and all those blindly shorting Reliance to be on watch as it has a imp level to be watched and it is 2351. However if the stock is able to sustain above the level of 1950 which means that the stock is likely to see a renewed interest in the stock and one will be better of by buying small quantity of stock and booking profit in every rally.

2. Presently the trend of stock for past 3 days is down and thus during its downward journey one may see the stock moving in a range of Rs 1651-1998 and in the down time one can accumulate this stock as during upmove the bluechip stocks recover at the earliest.

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