Wednesday, May 16, 2007

Reliance Ind. infra. looks bullish.


Reliance Ind. Infra (BSE code: 523445) has broken out of a long term downward sloping trend line and after a pullback looks set to move to higher regions. CMP is 482.30 and long positions can be considered with a stop loss of 449 on daily closing basis. Upwards the stock can 520 and 570.

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