Tuesday, 18 November 2008

Reliance may re-test Rs 930-940: Gujral

Technical Analyst, Ashwani Gujral is of the view that Reliance Industries may re-test Rs 930-940.

Gujral told CNBC-TV18, "In Reliance Industries Rs 1,150 was the key level for us and once that is gone it should retest its previous lows of Rs 930-940. Till crude keeps falling, I think Reliance will remain under pressure and so will the market. So now you have three weak spots financials, commodities and infrastructure, which can take this market down."

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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