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Monday, 20 January 2014

RANBAXY, RELIANCE update, analysis - forecast for january 2014 - 20 January 2014

Hi,

Reliance analysis

Today Reliance fell 1.7% to close at 869.75. Traders are confused regarding their long and short positions. 

Reliance will expire below 900. Range seen 900 - 845. 

Chances of any pullback towards 900 are only 10%.


Ranbaxy analysis

Ranbaxy is trading at a very crucial level near 398.

Buy it with stop loss of 397, for targets of 426, 437.

High probability trade. Chances of hitting stop loss only 5%.

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com