Buy Reliance Industries; target Rs 910: Aditya Agarwal

Aug 02, 2013, 02.06 PM IST

Aditya Agarwal of Way2Wealth recommends going long on Reliance Industries with a target of Rs 910 with a stoploss at Rs 848.

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Buy Reliance Industries; target Rs 910: Aditya Agarwal

Aditya Agarwal of Way2Wealth recommends going long on Reliance Industries with a target of Rs 910 with a stoploss at Rs 848.

Like this story, share it with millions of investors on M3

Buy Reliance Industries; target Rs 910: Aditya Agarwal

Aditya Agarwal of Way2Wealth recommends going long on Reliance Industries with a target of Rs 910 with a stoploss at Rs 848.

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Aditya Agarwal of Way2Wealth told CNBC-TV18, " Reliance Industries saw a good rally from Rs 790-800 levels to Rs 930-940 levels and from those levels it has seen a good correction. But on the lower side Rs 850 is a strong support zone for Reliance and from those levels we are continuously seeing some buying support at lower levels. From these levels short covering is expected in Reliance which may again take the stock towards Rs 910-915 levels."

"At current levels one can again go long in Reliance keeping a stop loss of Rs 848 and expect a target of Rs 910 in it."

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Disclosures: The stock and Nifty view we have already shared with our clients so they may be having some positions but personally I don't hold any of the position in these stocks.

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