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10 Jan 2010

Free Share Tips India | Stock Market Tips | Reliance | 11-16 Jan


Reliance is in an uptrend as oil and gas is the buzzword in the coming days. Thus if stock stays above the level of Rs 1100 than it can target the levels of Rs 1,126-Rs 1,164 in the coming days. Thus as a strategy one can be long in the stock with stop loss as Rs 1,049 as thereafter stock can fall to the levels of Rs 1,027- Rs 990.

Stock during its upmove can target the levels of Rs 1,119-Rs 1,200 and one needs to exercise caution in coming week as stock is near its major resistance.


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