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1. Reliance is likely to show a range bound movement between Rs 1,050 and Rs 1,200 in short term and in medium term can move between Rs 950 and Rs 1,500. However stock has a negative bias in shorter time frame.
2. In case stock can remain above the level of rs 1320 on closing basis than it can target the level of Rs 1,370- Rs 1,500.
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