Reliance Industries may slip to Rs 1000: Gujral

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Reliance Industries may slip to Rs 1000: Gujral

Technical Analyst, Ashwani Gujral is of the view that Reliance Industries may slip to Rs 1000. It has resistance at Rs 1,430.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Reliance See messages about Reliance Reliance BSE | NSE 28/05/12 Are Mutual Funds betting on Reliance?

Technical Analyst, Ashwani Gujral is of the view that Reliance Industries may slip to Rs 1000.

Gujral told CNBC-TV18, "On Reliance Rs 1,250 is a support, which should be touched initially. I think once Rs 1,250 goes, levels of Rs 1,000 are easily possible. It has resistance at Rs 1,430."

He further added, " ONGC is now standing at a very key support of Rs 750, in case that breaks down, which is quite likely it will, the next could be Rs 620. It will gain strength only above levels of Rs 830-835."