Tuesday, May 18, 2010

Buy Reliance Industries On Every Dip: Indian Stock Market Tips

Reliance Industries is one stock that investors could buy for their safe long term investment. Reliance Industries is a good stock for short term covering as well. It gives everyone a change to buy at lower levels and sell at higher levels but investor need to stay invested in this counter.

With same thought I was searching for opinion from some experts in Indian stock markets and I found a view by

(Gujral's opinion on Moneycontrol website) Technical Analyst, Ashwani Gujral said, "One should add Reliance Industries on all declines. If the market goes into a decline, it would find strong support near levels of Rs 980-990 so if you are a long-term holder then you must use declines to add on. On the upside, you will again find resistance coming in around Rs 1,140-1,150. So only above that will you talk about levels of Rs 1300-1350. So as a long-term investors must use all the crisis in the world to add on to positions."

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