Reliance Industries is expected to report a second consecutive drop in quarterly profit as the global economic crisis squeezed demand and shrank refining margins. Reliance, valued at $54 billion, should show significant growth in coming quarters from gas sales it started pumping this month from its deep-sea field off India's east coast.
“The short term trend has indeed turned negative and the 13-day exponential moving average for Nifty which is placed at 3,285 has to be held in coming sessions. If 3,285 is decisively broken then fresh weakness could prevail in the market and we could witness panic sell-off
“The short term trend has indeed turned negative and the 13-day exponential moving average for Nifty which is placed at 3,285 has to be held in coming sessions. If 3,285 is decisively broken then fresh weakness could prevail in the market and we could witness panic sell-off
No comments:
Post a Comment