Reliance Industries Limited stock tips for 29 Sep. 2016
Reliance ind. stock today closed at 1089 with loss. Stock has achieved its upside targets of 1095 and 1130 and now heading for correction. Today closed below its 1 week’s average which is negative signal. For intraday below 1110 keep short view and expect tgt 1080 to 1070. While 1040 will be positional target level for this correction. Weekly chart also showing overbought price positions so expect deeper correction in medium term view. Stock option traders can use reliance 1100 put options as buy on dips for big gains in short terms with stoploss.
Coal India Ltd share tips for 29 September 2016
Coal India stock today closed at 328.5 with loss. On chart today move was very bearish signal and stock given reversal from 335 major resistance which eventually turn into sell signal which has its positional targets at 319 and then 305. Coal Indiawill be sell on rise with stoploss above 335. 323 and 320 are support as well as target zones for tomorrow. Below 335 keep sell on rise view for October futures. Option trades can use coal India in the money put options of October series as buy on dips for big gains.