Reliance unlucky ???

[Czar]

true & on a bearish note, all correction have usually lasted for 4 weeks, so next week will give further clues...

 

[fizzler]

I missed buying REL on monday because of ICICI....the site got slow when it mattered.... the stock was available at 1325....

 

[Czar]

More on Reliance & their uncanny link with the stock markets... DAtes usually are somewhere near some tops...

1992: Reliance becomes the first Indian company to make a Euro GDR

April 1992: The Harshad Mehta securities scam blows up. Reliance's involvement is widely suspected.

1994: Makes the second global depository receipt (GDR) issue.

1995-96: Reliance becomes the first private sector company to be rated by international credit rating agencies.

Nov. 1995: Reliance threatens to delist itself from the Bombay Stock Exchange, which it accuses of siding with bear operators. BSE refuses delisting.

1996-97: The Rs 9,000-crore Hazira complex goes on stream. Reliance becomes the first corporate in Asia to issue 50- and 100-year bonds in the US debt market.

2002: Reliance Petroleum merges with Reliance Industries. The new company acquires a 26 per cent stake in IPCL, India's No. 2 petrochem company.

At the bottom of the bear Market ????
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December 31, 2001 - Shri Harshad Mehta Passed Away.

July 6, 2002 - Shri Dhirubhai Ambani Passed Away.