Reliance chart ...Giving buy signal

Buy Reliance industries Oct futures here  at  920 .00  and  above  for upside levels 970>><<<1005>><<1030>>><<<1079 >><<1130>> 

We are not recommending stoploss but  we will follow with trailing stop loss ..reason is here 

http://dhanvarshagrp.blogspot.com/2010/07/rcom-short-its-july-aug-futures-exit.html

Strong support around 920 levels which was as seen in Nov, 09 form where it reversed and went upto 1120 level.

Volumes rising and all the indicators are at the bottom threshold levels...which suggests that its right time start accumulating it.

(MACD below -20, RSI below 30, Stock below 5, +DI at 10, CCI at -200, Guppy down, Wm%R at 95)

The chart can't get better than this..so start initiating the long positions for above mentioned levels

Out of 1 crore trades yesterday, more than 58 lac  are for delivery.

Open interest increased by 5.5 % in Sept contracts and 64% up in Oct contracts..thats means lot of buying happening.

So why wait...start immediately to confirm your berth..

"When the rally comes..nobody can stop the Big Bull..its like a jugernaut.."

RELIANCE - EQ    REFRESH As on 31-AUG-2010 16:00:07 Hours IST Security Name Face Value ISIN Code 52 week high price 52 week low price Reliance Industries Limited  10.00 INE002A01018 2285.30 915.00 Price Information Open 944.65 High 949.95 Low 915.00 Last Price 915.90 Prev. Close 947.95 Close Price 919.20 Change -32.05 % Change -3.38 VWAP 923.40 Total traded quantity 10653128 Turnover in Rs.Lakhs 98370.98 Order Book Buy Qty Buy Price Sell Price Sell Qty - - 919.20 54481 - - - - - - - - - - - - - - - - - Total Buy Qty Total Sell Qty 54481 Corporate Action Information Record Date - EX - Date 10-MAY-10 BC Start Date 12-MAY-10 BC End Date 19-MAY-10 ND start Date - ND End Date - Purpose DIVIDEND RS 7 PER SHARE Security-wise Delivery Position -31AUG2010 Quantity Traded Deliverable Quantity (gross across client level) % of Deliverable Quantity to Traded Quantity 10653128 5890433 55.29 Value at Risk (VaR) Security VAR Index VAR VAR Margin Extreme Loss Rate Adhoc Margin Applicable Margin Rate 4.28 - 7.50 5.00 - 12.50 Futures ...... Instrument Type Underlying Expiry Date Option Type Strike Price Market Lot FUTSTK RELIANCE  30SEP2010 - - 250 Price Information Open Price 951.00 High Price 952.90 Low Price 920.90 Last Price 922.90 Prev Close 953.60 Close Price 925.65 Change from prev close -30.70 % Change from prev close -3.22 VWAP 930.35 Underlying Value 915.90 Number of contracts traded 47083 Turnover in Rs. Lakhs 109509.17 Open Interest 31619000 Change in Open Interest 1648250 % Change 5.50 Order Book Buy Qty Buy Price Sell Price Sell Qty 250 922.35 922.95 750 1500 922.20 923.00 750 500 922.10 923.25 250 250 922.00 923.30 250 250 921.80 923.45 250 472000 Total Buy Qty Total Sell Qty 1035750 Cost of Carry Best Buy Best Sell Last Price Price 922.35 922.95 922.90 Cost Of Carry 8.83 9.65 9.58 Other Information Settlement Price Daily Volatility Annualised Volatility Client Wise Position Limits Market Wide Position Limits 925.65 1.21 23.05 16859816 337196325