Buy RIL at anything below Rs. 400

If Reliance Industries Ltd.(RIL) goes below Rs. 400 you can bet your shirt on it. Reliance will touch Rs. 800 as soon Reliance Infocomm is listed and that will be within 18 month time. Infocomm is the most visinory project ever taken up by any corporate in India and even experts are unable to estimate its potential right now.

Secondly if there is a battle for control among brothers stake in RIL will matter. Hence both of them would be buying shares in RIL through dummies. There is not much down side in RIL.

Sell your holdings in Reliance Energy Ltd. (REL) and stay out of it for next 12 months.