RELIANCE weak Crude & aggressive expansion plans short term drag on the stock
http://www.akprabhakar.com/index.php New facelift --PIVOT for Nifty- Bank nifty & Sensex updated daily for traders
Reliance Industries Said to Conclude $1 Billion Term Loans with 31 Banks- We have carried a Negative view on RELIANCE and with global refinery having over capacity and crude trading around $72 and chances of Crude correcting till $60 due to lower demand is high probability. But long term outlook can be very good short term pressures also count. RELIANCE is aggressive in expansion and this could have cost pressure in next one year but would be beneficial after 2years in my view as this company has always had focused business plans and geographical expansion would benefit them in long term. But RELIANCE many hold in derivative as data till expiry pointed out higher ever open interest and leveraged traders and short term investor should be careful. Today being first day of new settlement there can be relief rally in this stock where leverage trader should reduce position this stock is Buy only in Cash for 3-5years investment in my view.
Wednesday, June 2, 2010
http://akprabhakar.blogspot.com/2010/06/ambani-brothers-took-step-towards.html RELIANCE Freak trade my concern Ambani brothers took a step towards reconciliation in their long-running feud on Sunday 23rd May 2010
Friday, June 18, 2010
http://akprabhakar.blogspot.com/2010/06/reliance-agm-more-clarity-sought.html RELIANCE AGM more clarity sought-Too Much expectation built
Monday, August 9, 2010 http://akprabhakar.blogspot.com/2010/08/weekly-reliance-nifty-view.html RELIANCE group stocks underperforming after comprise
http://www.moneycontrol.com/news/economy/proposed-mat-rate20dampener-tax-experts_481211.html Proposed MAT rate of 20% a dampener: Tax experts
