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9 Dec 2010

Market tips for Reliance and ONGC

Reliance has not been able to surpass its immediate key resistance at the levels of 1050 and thus one can see it falling to the levels of 950. Some ray of hope will emerge if stock crosses 1035 level.
Similarily if ONGC falls below 1299 level with volumes than again one can shortin the said stock. However remember in shorting one has to be wary of dead cat bounce back
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