1. One can keep watch on the price of Reliance Industries because the day it closes below Rs 1,800 and remains below that level for an additional day with volumes means that stock can touch the level of Rs 1,600. In case stock moves up in the relief rally than it encounters the resistance at Rs 2,071-2,101 and one can use the opportunity to exit the stock at those levels.
2. One can even go to the extent of putting money in Reliance Industries as a long term investor with a time perspective of 2 years. However remember to put money in atleast 3-4 tranches spread over a period of next 6 months as Indian stock market appears to be in a bear grip and it may continue till mid year 2009.
30 Sept 2008
Reliance strategy to make money from stock
Reliance strategy to make money from stock
2008-09-30T23:35:00+05:30
Analyst
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