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5 Dec 2010

Reliance stock future | Trading News | 06-11 Dec 2010

Reliance has shown a short term upswing and if stock is able to sustain itself above the levels of Rs 996, one can see it rallying to Rs 1,035 which happens to be its 200 day moving average also and if it crosses this level than it can target Rs 1050 level.

Probably this is the stock which has not participated in the rally in the market.
However if stock falls below the level of Rs 996, than it can fall to the level of Rs 960-950-925.

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