Reliance Communications

Reliance Communication

Posted by : achowdhary

Is it the right time to enter reliance communication?

Looking weak

Posted by : nileshpatel9820

I do agree, rcom at worst can come down to 375 to 370, buy at that level wait till dec (GSM rollout starts) and sell at 550/- to 600/-.

If crude flares up to 125 then only think about 350 or crude at 135 think of 330/- at worst, but most unlikely, If crude at 110 or below that then sure 435/- to 450.

Looking weak

Posted by : vkk43

350/- is a remote possibility if the market corrects substantially for which there are not many signs at present. However,technically, it can come below 380/- say 375/- or so where one can reasonably enter for LT, with minimum downside risk. Thanks.

Looking weak

Posted by : dr.sandip

Sir, Can i enter this scrip at current level? Or should I wait for more time... Do u think 350 is possible on this scrip? I am a long term investor.

Thanks.
Sandip

Short R-COM:521 Target 510-511

Posted by : abhinavj01

Respected Kotak Sir,

I hold Rcom 420CA for Sept.
Please provide your inputs on Rcom for september.

Thanks in advance.

Reliance Comm may show best quotes today

Posted by : Leave it.

R Comm may post high rates today as the US signals are very good'

NEW YORK (Reuters) - U.S. stocks rallied on Thursday, led by major industrial and financial companies, as oil prices eased and data showed the economy grew more quickly than expected in the second quarter.

All three major indexes rose more than 1 percent after the government said strong export growth helped the gross domestic product -- a broad measure of economic activity -- expand at a 3.3 percent annual rate between April and June, above an initial estimate of 1.9 percent.

That lifted the fortunes of large industrial companies. Shares of Caterpillar, often described as an economic bellwether, rose more than 3 percent.

A brighter economic outlook coupled with a management shake-up at top U.S. mortgage finance company Fannie Mae boosted bank shares, which led the broader market's gains.

"Today's data on GDP was encouraging, and that is what investors really want to see: a tick up in the economy," Bruce Zaro, chief technical strategist at Delta Global Advisors in Boston.

v.krishnamoorthy

Rel comm near term range may be 350-400

Posted by : ar_akm

Hi marketman, downward trend in Reliance Com is due to market conditions OR weekness in fundamentals of the company? Is it proper to enter at present rate?

Looking weak

Posted by : dr.sandip

Sir, Can i enter this scrip at current level? Or should I wait for more time... Do u think 350 is possible on this scrip? I am a long term investor.

Thanks.
Sandip

Short R-COM:521 Target 510-511

Posted by : KotakInvestment

yOUR OPEN CHALLENGE FAILED. ANY COMMENT?.. better to find another platform. This is not the playground for Kids. We play with money and not with ball. RCOM close 397. Pivot intra day 402. above 402 resi-409.... Below 397 you can expect 390 today.

s kotak

Looking weak

Posted by : vkk43

Yes you are right, you should buy as much as you can at a level of 350/- in order to make a decent profit in MT. Thanks.

Looking weak

Posted by : vkk43

Yes you are right, you should buy as much as you can at a level of 350/- in order to make a decent profit in MT. Thanks.

Short R-COM:521 Target 510-511

Posted by : KotakInvestment

yOUR OPEN CHALLENGE FAILED. ANY COMMENT?.. better to find another platform. This is not the playground for Kids. We play with money and not with ball. RCOM close 397. Pivot intra day 402. above 402 resi-409.... Below 397 you can expect 390 today.

s kotak

Rel comm near term range may be 350-400

Posted by : marketman

As expected earlier, the stock may seetle in this attractive range for traders as well as for long term investors,in the coming month.... small investors can happily speculate in the said range....