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14 Jun 2009

Indian Stock Market Free Tips | Reliance | 15-19 June

1. It appears that Reliance is ready to provide a breakout in the stock and thus the level of Rs 2401 needs to be kept under watch which will confirm whether breakout is going to take place in real terms or is going to fizzle out. Prior to that it has a key resistance at Rs 2351-2384 which needs to be conquered on closing basis. If breakout occurs beyond Rs 2401 than stock will tgt the levels of Rs 2,414-Rs 2,561.

2. However a word of caution is that if the stock breaks the level of 2199 than it can flal to the levels of Rs 2,104-Rs 1,935. One should enter in this stock only if stock closes above the level of Rs 2400 else stay away from this counter as a downward move will be sharp.

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