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Alpha India Early Economic - Should I Buy Reliance?

Orpheus Capitals, Oct 2011, Pages: 4


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Should I buy Reliance?

A question was posted on the Orpheus forum. 'Can Reliance save India or Nifty?'. The popular answer was 'Yes' it can.

The question was put up for a few reasons. First, Reliance is the top weight in Nifty. Second, we live in an Oil economy. Third, a stock cannot remain sideways for eternity. Q1 2012, Reliance would complete 36 months of sideways action. Any fall below 700 will take the stock to 2009 lows.



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