Technical Call

Dear Friends market crash badly from many days as expected. Sensex now 18k & our support is 17700. Sensex RSI also tries to come out above 30. Which is little +ve indication for BULLS.

My thinking is that in this rally 2009-2011 till date RELIANCE not perform well as other stock perform. It's time to perform & i am not sure but can expect that it will drag market UP & Sensex bottom out from our level 17700.

Check in September RSI near 30 & come back & RELIANCE move 925>1100 again December month 960>1090 & now near 900-925 range can we BUY? (We should not take RISK???) MACD will also try to +ve in coming days.

As already given buy call of RELIANCE near 925 (Still can buy for INVESTMENT or short term gain purpose)

Still our powergrid buy call open it will breakout above close 100

Very Risky stock now a days IVRCL INFRA 70 (only very risky can try)

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He$H. . .