Fresh investments in the stock of RNRL can be considered for intraday trading.

RNRL is looking too strong at current levels. Buy the stock and see the difference. It will surely outperform the market. On Friday, the stock marked its closure at Rs 168.20, up 9.8% on the BSE. The 52-week high of the stock was Rs 203.

If the investors want to take advantage from this stock, buy it around Rs 166. The stop loss is at Rs 164 for a target between Rs 175-182.

With reference to the news item titled `Ambani brothers may bury the hatchet on RNRL dispute`, Reliance Natural Resources clarified (on 29 Nov) that the news was rumour. And any development that concerns stake-holders of the company, will be intimated in due course and at appropriate time.

The company is a gas-based energy undertaking with business interests in coal and liquid fuels. The company sources gas from RIL and supplies it for the gas-based power generation and other projects of affiliate companies. It is involved in exploration, production and distribution of gas and mining of coal. In 2006, the company signed an agreement with the ministry of petroleum and natural gas (MoPnG) for the exploration and production of four coal bed methane blocks.