Stock market report suggests that Reliance Industries shares are dragging down. It is a stock that's under-performing. I do not feel this stock could do for day trading as any trend for the trading going forward. I believe that the trend will be decided by what is happening around the globe and what kind of numbers come out in terms of:
- Inflation; and
- What is the kind of tightening of the liquidity, whether there will be monetary policy changes and finally post-June 30, the quarterly performance of corporate, which is going to set the trend and not to forget the monsoon factor, which is so important in this country today.
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