Vishwas Agarwal
Follow Reliance stocks : Vishwas Agarwal “A day made for Reliance group,“ said technical analyst, Vishwas Agarwal, yesterday recommended buying RPL and RNRL, and now we know what happened to these stocks. They touched their all time high. India`s benchmark index, Sensex, after opening positive at 16,352.32 slipped into the negative in the morning trades. Later the index was swinging from the positive to the negative and vice-versa in the intraday trades. The 30-share index further gained strength and touched an all time high of 16,616.84 on account of sustained buying pressure in heavyweights and finally wrapped the day on a cheerful note. Commenting on this, Agarwal said, “Entire Reliance group had its best today and stock rose unbelievably. We are just 60 points behind touching our target of 16,666. Looking at the bullishness in the market, we a re not far behind our magic target of 16, 789, which will be achieved soon.“ This week, Sensex, recorded its biggest gain since Mar. 23, 2007, ending the week with a whopping gain of 960 points. Maintaining a positive outlook on the market, Agarwal said, “ Market will continue to trade strong with some volatility, but on Monday and Tuesday there is some possibility of small correction or dullness.“ For Reliance group, it was really their day as RNRL ruled the top volume chart with approx. 90 million shares and RPL with 28 million shares. Agarwal says, “ Just follow the Reliance group stocks movement to take any position in any other stock. The market will continue to trade strong until Reliance stocks move up. Any sign of weakness could affect the market sentiments.“ This is the time when all the stocks are moving up, giving no space for any bears, Agarwal recommen ds Aptech, Idea Cellular, Adlabs, SAIL, MTNL and Satyam, with stoploss. Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
