The Indian Central Bank has cut rates, and Reliance looks well bid. Should we buy Reliance here? My response is No. We will see another dip in this stock and let us look at it again at that time. If you have purchased this stock when it was around 1000, then you should look to get out on this rally. I would be surprised if it stays above 1480 for long.
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I have bought 60 shares of ABAN OFFSHORE at 1055/share. Today only it is seeing some green after continuous red marks. Please advise position.
Regards,
kailas