Stock Picks

Reliance Communication

Reliance Communication has seen a BIG RALLY. In just a month it has become a multi-bagger, we personally rode up the rally buying call options and did 2 times lose in PUT options as well. 50 to 115, and now at 110. Short R-Com at CMP 111, SL: 115.5, TGT: 100/95/88 by may expiry. Even safer, BUY RCOM-MAY-100PE at CMP 2, Max loss: 4000-6000, TGT: 8/10/12. Momentum has taken a dip for the first time in 1 month. Could signal a correction. RISK: 4000 TO 6000, REWARD: 16,000 to 40,000.
Reliance Communication has risen very fast. Momentum has dipped after a long time.

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