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11 Sep 2008

Warning: Reliance in danger

1. Reliance trend is in danger as it has breached crucial support level of Rs 2000.

2. In case 1969 level is broken one can see stock falling to the levels of Rs 1920-1880-1800-1750.

3. Each level indicated acts as a support for avoiding down fall in the stock and each higher figure given in the 1920-1880-1800-1750 levels act as resistance for the stock.



4. Trend of Indian market is negative due to poor inflation numbers and thius more pain be in offing for the stock.

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