Reliance Infrastructure Ltd: (CMP Rs 563.90) We recommend going long in this counter.
Technical Outlook:-
The most important observation to be made on the charts of Reliance Infrastructure is the positive divergence displayed by indicators.
signal that the downward movement of the price could have lost force and in all likelihood give some kind of an advance.
In the short term we expect the share price to advance towards the target of Rs 585 / Rs 595 levels.
Suggested Trading Strategy:-
We recommend buying the stock above Rs 567 levels with a stoploss placed below Rs 549 levels, for the above mentioned targets.
