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Reliance has support at Rs 1950: Bose
Published on Tue, Jul 08, 2008 at 16:21 , Updated at Tue, Jul 08, 2008 at 16:33
Source : moneycontrol.com
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Technical Analyst, Rajat K Bose is of the view that Reliance Industries has support at Rs 1950. Below that next support level is Rs 1980. Bose told CNBC-TV18, "My level for concern in Reliance would be Rs 1,980 to about Rs 1,950 support area. If this support area gets broken then Rs 1,890 would be the next support level to watch out for but this is a sentiment driver. Reliance closing below Rs 1,980 would actually mean it could be a harbinger of further weakness but if it were not to close below Rs 1,980 and claws back above 2,000 levels then chances are that you might see that there will be some improvement in sentiment."
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I think you are right somebody said "the way to makemoney when blood is flowing on the street" and that is what is ...
in Reliance - investor11 at 12-Oct-08 06:06
Where is Dr MMS, the Economist?
Yes, as a FM in 1990 he took bold decisions of devaluating rupee 3-4 times and saved India then from financial trou...
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