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Can Reliance Industries come to levels 500-525 ?? |
krishnalko
White Belt
Joined: 27 Sep 2007
Posts: 16
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Post: #1  Posted: Fri Jul 16, 2010 12:32 pm Post subject: Can Reliance Industries come to levels 500-525 ?? |
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Should I put my money in RIL at current levels with the hopes that down side from here is almost capped ??
Or RIL can come down as low as 500-525 over a period of time and so looking at risk I should avoid this stock right now ?
If RIL breaks down to 500-525 then probably Nifty will also take a down trend till 2500-2550 in due course.
So what should be my strategy so that my WORKING CAPITAL remains protected and I can earn some profit also ?
Please note that I am talking about investing and not day to day trading and so I am more interested in broader future of the market & RIL.
Warm regards |
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chrome
Yellow Belt
Joined: 28 Dec 2009
Posts: 645
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| Post: #2 Posted: Fri Jul 16, 2010 1:10 pm Post subject: Re: Can Reliance Industries come to levels 500-525 ?? |
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| krishnalko wrote: | Should I put my money in RIL at current levels with the hopes that down side from here is almost capped ??
Or RIL can come down as low as 500-525 over a period of time and so looking at risk I should avoid this stock right now ?
If RIL breaks down to 500-525 then probably Nifty will also take a down trend till 2500-2550 in due course.
So what should be my strategy so that my WORKING CAPITAL remains protected and I can earn some profit also ?
Please note that I am talking about investing and not day to day trading and so I am more interested in broader future of the market & RIL.
Warm regards |
Hi Krishna
RIL 500/ Nifty 2500  or RIL 2000/ Nifty 10000 no one can predict straightaway. Market can't show u half/ double prices well in advance for a longer timeframe. If u r a longer time frame player, I can only advice to go in a staggered way to purchase the stock. Eg buying 25% of your capita here...Buy more 25% if it comed down 15% down...buy more if it comes down more 15%, and vice versa ..in such a manner ur capital is not at high risk and u may get your satisfactory returns in a longer timeframe.
regards |
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