Monday, 24 November 2008

Reliance Comm has target of Rs 225-229: Bose

Technical Analyst, Rajat K Bose is of the view that Reliance Communications has target of Rs 225-229.

Bose told CNBC-TV18, "Reliance Communications can actually give a good bounce on the upside. If the Nifty rally continues, I think once Reliance Communication trades above Rs 210, then the next target would be something like Rs 225 to Rs 229. If this rally that I am expecting happens, then Reliance Communications would be one of the stocks that would participate in a big way and it can even move up from the current levels by about 15-20% for a minimum."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: Moneycontrol

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