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14 Dec 2008

Can Reliance achieve its lost glory? Trend Analysis: 15 Dec- 20 Dec

1. RIL has moved and thus its trading range is confirmed which presently stands between Rs 950 and Rs 1,500. This Indian stock has the potential to target the levels of Rs 1,389 or Rs 1,607 in short to medium term.


2. Stock is likely to witness resistance between Rs 1,325 and Rs 1,350. In case these strong resistance is not broken by this share of India than stock can fall to the levels of Rs 1150.

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