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19 Apr 2009

Make Money with Stock Tip of Reliance: 20-24 Apr


1. Reliance is facing selling pressure between Rs 1800- Rs 1850 and thus it appears that the rally in offing is likely to fizzle out. As a strategy for medium-term investors; one can hold the stock till the time stock is trading above the level of Rs 1499.

2. Reliance has a key support at Rs 1600 which is its 200 day moving average (DMA). As a strategy short term traders can book profit for now and can keep an eye on level of Rs 1851 which if crossed means that stock can target level of Rs 1920.

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