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19 Jul 2009

Hot Tip for Reliance to make Money | 21-25 July

Reliance is showing a medium term down trend and has to move above the level of Rs 2,021 to target the levels of Rs 2070- 2,200 in its quest to reverse this trend.

However not to get disappointed as short term trend in stock is still up and if stock moves above the level of Rs 1,960 than it can touch the levels of Rs 2,020- 2,070- in the short-term. As a ashort term trader one can go long above the level of Rs 1,960 and if this leve is not crossed than stock can fall to the levels of Rs 1,875- Rs 1,815.

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