Stock of the day : BUY 2500 CE Reliance Ltd For Target Rs.70- Religare Broking
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Reliance Ltd
* Reliance has been recovering gradually for the last two months with rising volumes.
* It has been trading in 500-600 points range from nearly two years and rebounding after retesting the lower end of the range.
* Has surpassed 38.2% retracement level and reclaimed its short term moving average.
* We thus recommend creating longs through the Call option.
Buy 2500 CE Reliance Ltd CMP 33.45; Range 32-34; SL 15; Target 70
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SEBI Registration number is INZ000174330
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