Friday, 23 December 2016

Reliance Communications can slide to Rs 34

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Reliance Communications was looking up yesterday but today it looks like it is still down. It can slide down to levels closer to Rs 34 zones, have a stop loss of about Rs 36. I think that should be enough and may be we could see a slide on the stock. At 10:07 hrs Reliance Communications was quoting at Rs 34.80, down Rs 1.05, or 2.93 percent. It has touched an intraday high of Rs 35.75 and an intraday low of Rs 34.60.

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