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18 Jan 2010

Hot NSE BSE Tips | Tips which make Money | Reliance | 18-24 Jan 2010

Reliance Industries saw a gyrated movement, however very little movement was observed on the weekly charts. Stock has a stiff resistance at the level of Rs 1131 and if this hurdle is cleared than the stock can race to the level of Rs 1200-Rs 1267.

Thus as a strategy one can go long in the stock once the stock crosses the level of Rs 1130.

Keep following supports under observation namely Rs 1090-Rs 1050 and share is likely to move in a range band of Rs 850-Rs 1200. Caution is advised while trading this stock.

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