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RIL has support at Rs 1970-2000: J Bala
Published on Tue, Jun 24 at 14:00 , Updated at Tue, Jun 24 at 17:47
Source : CNBC-TV18
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Jai Bala of cashthechaos.com is of the view that Reliance Industries has support at Rs 1970-2000. Bala told CNBC-TV18, "Reliance Industries has actually broken a long term trend-line at Rs 2160 and it could potentially hit Rs 1800. But there are some supports and we are looking at probably about Rs 1970 or close to Rs 2000, which would be a near term support. The resistance for Reliance at the moment is at Rs 2150, so if you had to short Reliance, you would have a stoploss at Rs 2150 and look for Rs 1975."
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