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6 Oct 2008

How to make profit from Reliance stock?

1. Reliance as suggested in previous week post is heading towards the level of Rs 1,733- 1,675 and the same is likely to occur in the medium term.

2. As a trader one has to watch Reliance breaking the level of Rs 1699 and one can short the stock as stock can be dragged to the level of Rs 1675-1600-1500-1450 as recommended in previous posts.

3. Reliance during its upward move journey is likey to encounter resistance at Rs 2000- 2126 levels.

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