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Trade Reliance Capital in near term: Kapadia

Written By Sheffin on Thursday, November 5, 2009 | 4:33 AM

Reliance Capital has trading opportunity from near-term perspective, says Hemen Kapadia, chartpundit.com.

Reliance Capital showed the first hint of strength coming in yesterday because the market made a new low yesterday. Reliance Capital made a higher bottom. So having said that we saw a small bounce is coming in from an intraday point of view. This has spilled over. But once again it is a zigzag, the trend is down. We are just seeing a dead cat bounce, nothing much to it. Yes, but extremely important trading opportunity from our near-term point of view.”

(MoneyControl)

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