SENSEX NIFTY
Jan 30, 2013, 12.12 PM IST | Source: CNBC-TV18

Reliance Industries has support around Rs 880: Manghnani

Reliance Industries has support around Rs 880, says Anil Manghnani, Modern Shares & Stock Brokers.

Anil Manghnani

Analyst, Modern Shares & Stock Brokers

Expertise : Equity - Technical

More about the Expert...

Reliance Industries has support around Rs 880, says Anil Manghnani, Modern Shares & Stock Brokers.
 
Manghnani told CNBC-TV18, “ Reliance Industries , after hitting although a Rs 950 it has come off quite a bit. So, it I guess it warrants a little bit of a buy, I guess just from oversold territory. Rs 880 is a support, but I don’t mind all the way upto about Rs 860. So in that Rs 20 range buy it with a stop of about Rs 855 and play for a pullback Rs 910-920 range, maybe even a little bit higher.”

At 12:11 hrs Reliance Industries was quoting at Rs 893.30, up Rs 10.75, or 1.22%. It has touched an intraday high of Rs 902.85 and an intraday low of Rs 886.35.

Set email alert for

ADS BY GOOGLE

video of the day

Indian economy to see real turnaround in 6 mths: Madhu Kela

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.