Nov 032008

The Indian Central Bank has cut rates, and Reliance looks well bid. Should we buy Reliance here? My response is No. We will see another dip in this stock and let us look at it again at that time. If you have purchased this stock when it was around 1000, then you should look to get out on this rally. I would be surprised if it stays above 1480 for long.

  2 Responses to “Should we buy Reliance Industries now?”

  1. […] 3rd November I warned you to get out of your Reliance Industries holdings near 1480. (see the post here.) I think the stock will bottom out between 855 and 905. However, being small investors, we should […]

  2. I have bought 60 shares of ABAN OFFSHORE at 1055/share. Today only it is seeing some green after continuous red marks. Please advise position.


 Leave a Reply