Wednesday, July 11, 2012

Buy stocks of Reliance Capital, Karnataka Bank on dip


"Reliance Capital is as good as Reliance Communication. The chart is suggesting that the bull market in Reliance Capital is starting. The bear market is over and trade should be taken only on the long side. Today Reliance Capital is a worth buying stock on dips."

He further added, "Yesterday Karnataka Bank had a big move and that has taken it above a small trading range and above a significant resistance level. For a position trader it's probably become a buying opportunity, wait patiently for any kind of corrections, they are inevitable but it is worth looking into. For a day trader - if somebody still wants to go then a target of Rs 105 is possible on the upside but buy only on a dip."

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