|
Jul 28, 2011, 11.20 AM IST
According to IIFL, traders can sell Reliance Infra Future below Rs 564 with stop loss of Rs 570 for target of Rs 547, in its July 28, 2011 research report.
According to IIFL, traders can sell Reliance Infra Future below Rs 564 with stop loss of Rs 570 for target of Rs 547, in its July 28, 2011 research report.
“Reliance Infra reversed from the resistance line which coincides with its 100-DMA, suggesting that the likelihood of further upside over the short-term has diminished. For now, the risk/return of establishing long positions is less than ideal. Adding to it, on line chart the stock has broken down from the support of its rising trend line which is inherently considered as bearish pattern and could trigger sharp sell off in the counter in the near term. We advise going short on Reliance Infra August Futures below Rs 564 with stop loss of Rs 570 for target of Rs 547,” says IIFL research report. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here Set email alert for |
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
