Reliance India limited's unit Trivera a german unit (European textile unit) had applied in a German court to start of insolvency proceedings with a restructuring plan.
Will this make a impact on our Indian RIL stocks ??? Markets will it move up or down ???
Due to this will the indian RIL stocks get liquidated ???
Or else its jus a unit bought on 2004. So our markets doesn't care n trade normally ??? Like it did for GM's bankruptcy.
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WATCH 2175 ON RELIANCE TOMORROW AND IN HIGHER SIDE CROSSOVER OF 2260-65 WITH VOLUME WILL TAKE IT TO 2288,2300,2340IN A DAY OR TWO. IN OTHER WORDS STAY LONG IF RELIANCE SUSTAINS 2200+ UPTO 11.00AM. 2157,2130,2104 ARE THE SUPPORTS.
Well if you have these share for a long time say par or around there no need to worry or you are day trader then short at peak and long at dip to get a hang of this try to see the intraday trade for two three days in chart form go to free sites like this one,you make some money by short selling.RIL is a great share with great volumes
I think bears had started for Reliance industries. It's stepping down day by day no hope in that stock as I hold june call option of 2460 strike i'm facing eroding of my investment in that.
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