Technical Calls on Reliance Capital,Reliance Infra and Maruti Suzuki

By | September 14, 2010 2:02 pm


Maruti tried touching its 200 MA today 1367.5 but was unable to sustain it and closed below its major resistance of 200 DMA.

Momentum is present in stock and India becoming 6 largest vehicle manufacture can propel the stock above 200 DMA.

Buy above 1371 tgt 1385 and 1403

Reliance Capital

Reliance Capital is facing trendline resistance at 808 odd levels and finding support at 750 levels.Stock is stuck in 50 points range and need to break this.

Today’s move was accopanied by volumes and if tmrw market looks good we can see the stock breaking the range and surging for higher levels.

Buy above 808 Tgt 814,827 and 845

Reliance Industrial Infra

RIIL is facing a major resistance at its 50 DMA as shown in charts and finding support at its short term trendline that also mentioned in charts.

MACD is showing positive divergence and RSI in buy range.

Buy above 901 Tgt 909 916 929

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