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20 Dec 2009

Free Daily Stock Market Tips | Trade with an Expert | Reliance | 21-26 Dec

Reliance Industries is the culprit of last week fall and present movement of stock below Rs 1,050 is a reason for its downtrend. Thus if the stock can rise above the level of Rs 1,011, than it can rise to the level of Rs 1,050-Rs 1,080 in the near term.

Thus if the share falls below the level of 999 than it can fall to the levels of Rs 988-Rs 975.

Stock is likely to be range bound between the levels of Rs 850-Rs 1,200 in the medium term. Thus as a strategy one can go long once stock closes near the level of Rs 850 as a long term investment.

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