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9 Nov 2008

Indian day Traders strategy for Reliance Industries

1. Reliance Industries is in bear grip and in case stock breaks the level of Rs 1149, than it can fall till the level of Rs 1000-970-825 levels.

2. For medium term stock is likely to trade in a band of Rs 950 and Rs 1,500 and thereafter the clear trend will be emerging.

3. One has to watch the levels of Rs 1300- Rs 1375 and one can initiate the short position in the stock if the stock breaks the level of Rs 1149 level.

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