RIL has support at Rs 757-730: Manghnani

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RIL has support at Rs 757-730: Manghnani

Reliance Industries (RIL) has support at Rs 757-730, says Anil Manghnani, Modern Shares & Stock Brokers.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anil Manghnani See what other Experts & Brokerages are saying about Reliance See messages about Reliance

Reliance Industries (RIL) has support at Rs 757-730, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "I think everybody is keen on RIL post its disappointing numbers on Friday. Sure the stock will get some short term relief based on the buyback. But I don't see any major movements in either direction."

He further added, "I think on the downside Rs 757-730 will be the key support levels to watch out for. On the upside Rs 792 I spoke about last week still remains the key resistance. If it can take out Rs 792 on the upside then more towards the 200 DMA is placed at about Rs 835-840 could be the order of the day for RIL."