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Moneycontrol.com >> Message Board >> View Messages >> Reliance Petro
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Reliance petro down target=150.... (7)   29-Jul-08 03:07Tracked by (3)  
Posted by:   Sunny_Chopra on ( 29-Jul-08 03:07 )
Price : BSE: Rs 162.40 ( 1.72 % ), NSE: Rs. 162.60 ( 2.04 % )
Dear Chief_kamani
Good to see your message after a while!..
I have a little different opinion. May be I am wrong but the time will tell. The overall trend is negative. Monday was not a good session for stock market bulls. Stocks tumbled 1.9%, settling at session lows, after the financial sector was unable to hold onto its opening gains, prompting a broad-based sell off. A 1.2% rise in oil prices compounded selling interest.
All ten of the economic sectors posted a loss on relatively light trading volume. This is pretty bad.
It just really feels like a market that wants to head south for several more points probably down during the next one or two weeks,”
I am still patient & I believe that even the RPL will be coming down soon to 140 levels in this bearish market. My assumption is that there will be good opportunities after Aug 1st week.
Lets see!
Sunny!
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