Sensex 21,000 by july 2010

Bhambwani told CNBC-TV18, “The immediate support for Reliance Industries is at Rs 1,665, should it slip below Rs 1,665, I am afraid it could go all the way down to even Rs 1,500. A short term trader should have kept some kind of stoploss which they haven’t kept, if you can now afford to wait for about a year or year and a half, I do think the stock can possibly trade upto Rs 2,400-2,500 in the conducive market. So I would suggest you change your view and turn to a long term investor if possible, if not I think you should maintain a stoploss of Rs 1,665 on a closing basis and should it close below Rs 1,665 with heavier volumes, you would probably consider getting out of this stock.”

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