Tuesday, 6 November 2007

Buy Reliance Petroleum

Reliance Petroleum is a good buy at this time. It has corrected a bit today and touched a low of Rs 205 today. You can buy this on declines with short term target of Rs 230-245. Keep a Stop loss of Rs 184.

CMP: 216

Status report: Neyveli Ligite

Neyveli Ligite touched an intra day high of Rs 180 today!! That is almost 35% increase from its recommended price of Rs 133. Congrats to those who bought this one!!!

BTW I am on my vacation and that’s the reason for infrequent posts :-)Will be back soon!!

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.