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20 Jul 2008

Stock ready to soar: Reliance

1. Reliance rally on last Friday has brought some reason to cheer and as a result one can see the stock rallying to the levels of Rs 2,190 - Rs 2,300 in the short-term.

2. Reliance has a resistance at Rs 2,320 and stock has to move above this level to show bullishness in stock.

3. However stock is not presently displaying any strength and if 1979 level is breached then be ready for reversal.

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