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Moneycontrol.com >> Message Board >> View Messages >> Reliance
   You are here :     Moneycontrol     MMB    Stocks      Reliance                         Most active discussions of 2006 , 2007 & 2008
more trouble ahead (25)   21-Jul-08 22:47Tracked by (0)  
Posted by:   marketbear on ( 21-Jul-08 22:47 )
Price : BSE: Rs 2153.30 ( 1.92 % ), NSE: Rs. 2152.85 ( 1.88 % )
Reliance will face more trouble ahead in coming sessions. As Reliance Communication may file suit against RIL for losseses due to cancellation of deal. Anil Ambani may stall Reliance Gas plans going forward and he also may launch serious agitation against RIL. Trouble in gas revenues may delay Reliance future plans and may miss their projections of revenues from Gas. Sell this stock as there will be lot of negative news in the wire for the stock. Stay away will be also best actions on the stock. Traders can go short on the stock tommorow morning and cover later in the day. Tommorow market can face selling at the fag end of the trading session. Survival of UPA govt. has been already factored in the market. So if government falls tommorow then see a blood bath on the street and expect a circuit for the market in the very start of the market. Trading will be suspended if market falls more than 15%. Second target can also come in such kind of senario. Anything can happen in the trust vote. There is expected a cross voting by SP and RJD members including some Congress MPs. So going will not the easy for UPA. Even if it survives, SP will not allow them to take breath as it is clear from the Amar Singh' remark who is one of the fool in india politics. I don't understand who made him a politician as he is behaving like a mad child. This mad child is also dangerous for Reliance as he is demanding 50% windfall tax for RIL.
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