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9 Aug 2009

Free Intraday Trading Tip for Reliance |10-15 Aug

Hot Shot Tip: Reliance

The share has a medium-term down-trend and thus one must exit all longs as stock can fall to the levels of Rs 1,645 or Rs 1,530 in the medium-term.

However observe tomorrow mkt as some positive action based on news may be seen. Support for the Reliance exists at Rs 1,870-1967 and resistance exists at Rs 2100-2200.

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