Reliance Industries

Reliance may not fall below 1700 in 2008

Posted by : emkay_stocks

Dear Mr.Sridharan, I agree gustav has subdued, so as crude oil and am very thankful to god. Not because markets withstand but coz there will be less calamity in the world. With respsect to markets I strongly believe that market at some point can fall massively which means can correct upto 25-30% even from current levels, which tantamounts to 9900(approx) on the sensex. But when can this happen is alsmost getting impossible to predict esp in the recent times market became very very tricky. Some series of bad news may give u a weak technical pattern and suddenly due to other good factors all technicals get changed and bull pattern may emerge. But at some point based on what i feel is 9900 is imminent. If you look at china as well the index fell by more than 60-65%% and not necessary that india has to fall the same and infact some of the fii's say that india may not fall as much as china. if that is true that 12671 is the bottom already formed and may get retested in between. Else the bottom could be 8800-9900 for sure. There will be capitulation from many HNI's and stock prices will go haywire. So my logic in claiming that reliance industries can fall is if market has to fall so much then already some great stocks have corrected a lot, hence reliance will be shorted heavily and also reliance capital. I am expecting reliance to touch 1600-1650 levels and reliance capital to touch 750. Both are highly vulnerable in coming weeks. But next time when somebody sees markets correcting by 20% please go ahead and blindly buy for serious long term investments as markets can test patience for 1-2 years, but bottoms will be formed in that chaotic correction. Listen to what people/analysts say but understand the realities as well by reading financial magazines and noticing what is happening around the world and where india is heading in the next 15-20 years. I am giving list of 10 stocks based on my expertise and choice and am sure will be wealth creators. I have also given the price range where they have to bought because in markets are much smarter than we are. In some cases, stocks bottom first and then market may bottom and opposite could happen too. The choice of companies goes to show what kind of person i am. I love companies emerging into top league. I am very bullish on capital goods for the next 5 years easily and more than that. Hence my list consists of lot of capital goods companies.
L&T - 1800
PUNJ LLOYD - 180-200
BGR ENERGY - 200-225
RELIANCE INFRASTRUCTURE - 600-650
SIEMENS - 360-375
PRAJ INDUSTRIES - 100-110
ELECON ENGG - 75-90
PATEL ENGINEERING - 300-325
RELIANCE CAPITAL - 750-775
KOTAK MAHINDRA BANK - 450-500

I personally against crazy valuations of gmr infra and also ksk energy, reliance power. The real value stock in the power sector is CESC with power, retail, realestate play in it. Good luck.

can any1 guide on long term of ril?

Posted by : jaguarz

moon1 i guess the qeustion was will RiL reach the 3500 mark?
thanks and with rgds

can any1 guide on long term of ril?

Posted by : moon 1

RIL has submitted a proposal to the concerned regulator to transfer 80% stake in KG-D6 basin. RIL, Niko will continue holding 10% stake each directly post transfer. KG-D6 stake has been transferred to 100% wholly owned subsidiaries of RIL. There will be no loss to shareholders due to the transfer of stake. The KG-D6 stake transfer will help RIL to build financial flexibility. The structure will help RIL as it builds its large E&P (Exploration and Production) portfolio.

Reliance may not fall below 1700 in 2008

Posted by : emkay_stocks

folks, i agree with fellow boarder marketman that reliance can go down from current levels. primarily because no exciting news and also because there are many reasons for the markets to go down. because of the gustavo storm the crude can touch 126-130 easily and then markets will again jittery and reliance will be the first one which will shot into. relcap is another strong candidate. so traders be cautious. good luck

Reliance down target = 1900....

Posted by : marketman

This scrip can fall to 1900 in coming sessions.... wait for below 1900 matrk for investment....

Reliance 1650

Posted by : Boyplunger

Reliance one year target is 1650. Short sell and make huge profit.

Market weak; Reliance Industries tumbles

Posted by : venkat_c

Reliance will go down below 900 as first target, exit at current maarket price, I am venkat from Training8m, Queensland Australia

Market weak; Reliance Industries tumbles

Posted by : venkat_c

Reliance will go down below 900 as first target, exit at current maarket price, I am venkat from Training8m, Queensland Australia