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17 Jun 2011

Reliance Broken Key Resistance Level

Reliance has broken the key resistance which was the level of 882 and now stock can fall to the levels of 950.

Reliance has also been down graded by one of the brokerage houses recently and all this is happening when company is going to become a debt freee company in an year or so time frame.

Reliance is a big fish and with its tanking it also forces Nifty down as it has a major contributory effect in the Index.

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