Buy @ Cmp : Delivery Call ( Medium Term Call ) :
Buy RIIL ( @ Cmp )
Target 1 -- 495
Target 2 -- 515
Target 3 -- 530 +
Stoploss -- 469 ( Only for day traders )
Note : Riil is a Mukesh ambani group company and has wide presence in infrastructure development projects handled by the reliance group.
The stock has consolidated for a long time around 460/480 levels & the volumes have picked up since last month & is about to give breakout.
Long term target for the stock is 700 + in (8 to 12 months )
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