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Moneycontrol.com >> Message Board >> View Messages >> Reliance
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still on slippery wicket (5)   23-Jul-08 11:11Tracked by (0)  
Posted by:   marketbear on ( 23-Jul-08 11:11 )
Price : BSE: Rs 2207.00 ( 2.45 % ), NSE: Rs. 2207.70 ( 2.58 % )
Traders and investors may ignore bull calls on Reliance as it will not sustain at higher levels going forward. Sell this stock on today's rally as they may not see this level in next couple of months. Sell is only word for Reliance and lower level target of 1800 can come easily for this counter. Though govt. have won the majority, government will not be stable going forward as they have to depend on dogs and cats for it's survival unlike left lion. So now govt will be vulnerable to cat like Shibu Soren also. Reliance will post didappointing results tommorow which is yet to factor in the price. Company will have more trouble going forward
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