Take Our Survey! Nifty Reporter's Live Diary........: Reliance Industries- the Bhishma of Indian Market!

Tuesday, 15 May 2012

Reliance Industries- the Bhishma of Indian Market!

RIL: 
May futures:
Previous close 677.
The last and final support for this counter will be 664.
Will it hold this level?
This is the level we will be looking for the whole year.
What does it indicate? RIL at the year's low.
Trading at last and crucial support.
This will be a one kind of mood indicator for the indian market.
The day, this counter breaks 664 and closes below it, the drama unfolds.
This counter will rush to 550 very fast,
It will be a free fall for the indian market as this counter weighs heavily on our index.

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