Markets are inching back to upward resistance levels with lots of worry in short term which may result in some volatility.
Metals stocks have done well in the recent pull back. Reliance has provided support to the Indices. Banks are still under performing. Will Oil and Gas , Infra and Metal will provide leadership in next bull run ? We will be tracking these sectors closely .
Will Reliance provide the leadership in the next year? Is has multi support at 900-950 and stiff resistance at 1140-1150.
We are also presenting here the monthly chart of Reliance.
Wednesday, December 15, 2010
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