May 17, 2010

RNRL vs Reliance? a 50% trade? - Update II

Reliance at 1017 ..flat
RNRL at 45...frm 70 (40% fall) !

My trading call was an expected outperformance of 50% of Reliance over RNRL.. though i still think the last 10% will come about, it'll be slow and boring to play for that.. suggest that profit on the trade should be booked here !

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