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PUBLIC MARKS from nag_sunny with tag "Reliance Natural Resources"

27 November 2007 12:30

Reliance Natural Resources Ltd. - Why the sudden spike?

Now the time comes to the Reliance Natural Resources Ltd. Once it has recorded a gain of over 75% in a day last month, I though it is not worth to invest in this share at that position of Rs 90. However it has moved slowly towards Rs 140 since yesterday. And we have seen what happened to the share yesterday. It gained rs 36 or 25% in a single day, another big gain on an intra-day. I don't know whether to invest in this at this point or not. Some are saying that it will reach 300 in few days and some are saying it will fall down to 50's in few days. I don't know whom do I believe. Please suggest me what will be the next on this share price.

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