Indiabulls Financial Services

                                                      Indiabulls daily chart (click to zoom)      
Indiabulls Financial Services on daily chart indicating buy signal as both stochastic and RSI showing positive crossover and stock broke its 20 DMA yesterday. Current momentum could take Indiabulls to 180 levels.
One can long this stock with target of 180 and stop loss of 155.
CMP = 161 as on 27/9/2011.  

Reliance Industries Ltd

                                                                    (click on chart to zoom)


Reliance on daily chart shows negative trend which could take it to 720 levels.It is trading at 4rth declining wave of Elliott wave theory.
It broke its important psychological level of 800 on thursday on negative news related to company and weak global markets. In downtrend since 21 sept 11 it is making lower lows with rising volume indicating more downside for the stock to come.
Traders can short stock with target of 720 and with stop loss of 800
CMP - 770