Don’t buy Reliance Industries: Sukhani
Published on Monday, September 1st, 2008 at 4:58 AMAuthor: admin (5507 Articles)
Technical Analyst, Sudarshan Sukhani is of the view that one shouldn’t buy Reliance Industries.
“Because the very nature of Reliance Industries is that you do not actually go short in it but there are no signs of going long. The charts are suggesting that a significant decline is eminent. So positive news or otherwise that is what the chart say. You do not have to go short in Reliance as such; there are probably the other stocks in Nifty but you do not buy it now.”
Disclosure: Analyst has different investments in stocks and delta neutral positions in Nifty.
Source : MoneyControl
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