Saturday, March 5, 2011

Reliance Industries creates Gap-up with long upper shadow on Feb 22, 2011

Reliance Industries Ltd (RIL) creates Gap-UP opening, because of the over-night news that BP is going to buy 30% stake in it. The stock has closed at 984.85, 28.50 points or 2.98% up. At the one stage the stocks was up by more than 5% and trading around 1110.00 mark. Today's total trading volume of 2023.67 Crs was up-normal compare to its usual volume of around 500 Crs.

Reliance also had up-normal volume in the F&O segment. Future March Series has added 5682750 shares in open interest. In the Option segment, 980 & 1000 strike prices have combined added 26 Lacs shares in open interest in February Series....

No comments:

Post a Comment