Offline
Reliance a good trading bet: N Pillai
Published on Thu, Jun 26, 2008 at 11:07 , Updated at Thu, Jun 26, 2008 at 11:14
Source : CNBC-TV18
| ads by google |
Neppolian Pillai of Modern Shares & Stock Brokers feels that Reliance Industries is a good trading bet. Pillai told CNBC-TV18, "Reliance Industries is going to bring down the market after the pullback is over. It’s going to hit right up to around Rs 1880 to Rs 1780. On the upside, I would sell out in the region of about Rs 2200 and if it touches a little bit beyond that at around Rs 2360, that’s’ not going to be on the buy list on the higher side and it’s a trading bet as of now. You can take Rs 100-150 out of it, but not at investment at this stage and it is going to come and create a new low for itself." Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector. |
|
Stock Advice
|
Messages on Reliance
Other comments
Reliance may not see four digit mark again
Dear marketman - I really dont think so RIL will not close down even if crued went below Rs 2000 but then its retai...
in Reliance - bhusbhac at 03-Dec-08 08:35
Reliance may not see four digit mark again
With the latest developments,analysts viewing reduced eps of 100(in the best case) in the calender year 2009.... so...
Rate this article
News
03-12 RIL suspends operations at 4 units ...
01-12 GAIL, ONGC to get gas from Reliance...
Notices
14-11 Reliance Industries Ltd has informe...
05-11 With reference to the news item app...
Management Interviews
04-08 Tulip Tele confident of steady biz ...
18-10 LNG prices to be competitive going ...
Brokerage Reports
02-12 Pullback rally over, stay away: Sud...
28-11 If mkt holds 2,650, it could go ove...
Technical Calls
No Technical Calls on Reliance
