Friday, 14 November 2008

Reliance can go down by another Rs 125: Mathew

Technical Analyst, E Mathew is of the view that Reliance can go down by another Rs 125.

Mathew told CNBC-TV18, "From here Reliance has the ability to drag the market further down and in the process Reliance itself can go down by another Rs 125 odd. But once again I would like to reiterate that next week is very crucial and if on Monday, Reliance and Tata Steel, both continue to remain weak then I am afraid that this 2,810 level, which we are all looking at so intently, that would not hold out."

Disclosure: It is safe to assume that I & my clients may have an investment interest in the stocks/sectors that have been spoken about.

Source: Moneycontrol

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