Web excl: Should you sell Reliance Industries?

Check out the trading strategies with Ravi Nathani, technical analyst, Nsetoday.com.

Reliance Industries (RIL) has slipped over a per cent today after its chairman, Mukesh Ambani, came under attack from India Against Corruption (IAC) activists. Should you still stay invested in this counter?


Smartinvestor : The markets have been trading lacklustre since quite some time now. Do you think that the Nifty can sustain at these levels, or do you expect it to drift lower in November?

Ravi Nathani : Index has support around 5540 - 5560, one could expect these levels to come in next 2 - 3 days as trend is down for near term.

Smartinvestor : Can you suggest a few stocks from the Nifty pack that can be SOLD at the current levels given their chart patterns?

Ravi Nathani : Wipro is a sell on rise with a target of 334 / TATAMOTORS is a sell with a target of 235

Smartinvestor : RIL has lost over one per cent today based on news flow. How do you see this scrip panning out over the next few days? Should one use the decline to BUY this stock?



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