Friday, May 10, 2013

0004RelianceInd10May2013 – Stoploss hit but it might bounce

As I had predicted, the stock has hit stoploss. The trend has definitely weakened and we will have to wait till the stock reaches its support of 810-815. From here, the chances of Reliance getting up to 840 is high, but the stock may tank as well. Check the derivatives data as they are suggesting a bullish tre

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