Thursday, January 17, 2013

RELIANCE INDUSTRIES

RELIANCE INDUSTRIES 
Current price: Rs 863.50
Target price: Rs 872

The stock could test resistance between Rs 871-880 today if the uptrend is sustained. A rise past Rs 881 would be a very positive signal with a possible target of Rs 900. Keep a stop at Rs 850 and go long. Add to the position between Rs 868-872. Book partial profits above Rs 875 and hold the residue till settlement.

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