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
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.."
and result ...as usual ...blasted ...upside ...
Ram prasad (9/1/2010 9:06:14 AM): sir bought RIL at 931
High 945.70 close 944.85 2.07 % up
gains
Vijay (9/1/2010 3:00:58 PM): sir 1500 profit
Vijay (9/1/2010 3:01:05 PM): grt day for me sir
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