Thursday, October 27, 2011

Reliance Industries - Update


With Nifty having had the highest close in over 50 trading sessions, an analysis of the index heavy weight RIL shows that with increased volumes RIL should reach 1000-1050. The level of 810 has formed the fulcrum of support and is now the reversal point with immediate resistance at around 900 levels. Happy trading :)

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