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2 Nov 2008

Indian Bull stock tip for Reliance week ending 07 Nov 08

1. Reliance Industries is showing positive signs as it has rebounded 35 per cent; however the stock has to sustain above the level of 1200 in coming week.

2. Stock has to move above the levels of Rs 1,450 and Rs 1,480 and only than one can say that stock has commenced its route of positive path.

3. As a strategy for long term investors one can invest in the stock once it moves above the level of 1480. Stock thereafter moves to the level of Rs Rs 1,650- Rs 1,820.

4. If 1200 is broken stock can target 1100 levels and if this level is also brokenm than 990 level.

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