What is your position really on Reliance ahead of numbers right now how are you playing the stock?
Deepak Mohoni : Well a little bit the bias has to be on the long side . It has had a pretty good rally for now couple of weeks but it is also coming close to that 1150 where it has tended to reverse far too many times so I think that is a bit of a look out there and even today it has come off the highs a little bit so this is now coming to the point where Reliance meets a lot of sellers.
So it is a question of whether that selling is absorbed or not. If it does get passed 1150 then I think it would be pretty good for the index because of the higher weightage and of course Reliance itself.
Pages
Popular Posts
-
MUMBAI: ICICI Bank, India's No. 2 lender, reported an 18.8 percent rise in quarterly net profit, beating brokerage forecasts, helped by ...
-
Keekozhoor - A small town in Pathanamthitta Dist. - Kerala - India. Located between Ranni and Kozhenchery . 9 KM FROM KOZHENCHERY TOWARDS RA...
-
MUMBAI: A day after rejecting the application of to set up a full fledged stock exchange, market regulator today said that everyone has to f...
-
NEW DELHI: Real estate prices in some localities of the national capital skyrocketed by 20 to 27 percent in the first quarter of the current...
-
MUMBAI: Energy major Reliance Industries posted record profit for the September quarter, beating estimates, bolstered by higher gas output f...
No comments:
Post a Comment