Reliance Capital has started Nifty ETF from Nov 2013, and the adoption is still catching up. This ETF is 1/100 unit of the Nifty index. So at Nifty 6000, the ETF will be at 60.
Stock Name: R SHARES NIFTY ETF (or Rel Nifty ETF)
ICICI Direct code = RELET2
Reliance Mutual Fund appears to be maintaining liquidity in this ETF to enable investor adoption, which is good. As the liquidity is not high yet, this ETF is best suited for investors who want to buy 100-500 ETF shares per purchase, and hold them for over a year. This ETF is not yet suitable for trading, however, it could be ready in 6-12 months. As of now, Nifty trading is best done via Nifty futures. Continue reading Reliance Nifty ETF→
ICICI Bank has a strong resistance at 1030-1035 level, because of the downtrend. The closing price today (17 Feb 2014) was 1009, so we have 2-3% gain available in ICICI Bank trading in the next 2-3 days. Trading with stock/futures is advisable because options trading may not produce suitable gains due to eroding time value ahead of options expiry on 26 Feb 2014.
Here’s the latest monthly chart of Indiabulls Real Estate Ltd (INRL.NS) as of 14 Feb 2014. The stock has been in a range between 40 to 80, and 40 should hold even in the current downmove. The stock should retrace back to 60 within 2-3 months. We are active investors in this stock. Contact us to make 25-30% per annum during year 2014, 2015 via investment in Indiabulls Real Estate stock.
