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    HomeNewsBusinessReliance Infrastructure may test Rs 635-640: Ashwani Gujral

    Reliance Infrastructure may test Rs 635-640: Ashwani Gujral

    Acccording to Ashwani Gujral of ashwanigujral.com, Reliance Infrastructure may test Rs 635-640.

    May 12, 2017 / 11:06 IST

    Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Glenmark Pharma has broken the long-term range of about Rs 800-1,000. So, I think it should stop probably at Rs 600-650. Reliance Infrastructure is one day up and one day down, but today’s gap up probably indicates some amount of breakaway gap. Possibly we could see Rs 635-640; I don’t know what is the news related to this, but this move looks like it is backed by heavy volume."

    At 10:27 hrs Reliance Infrastructure was quoting at Rs 612.50, up Rs 20.55, or 3.47 percent. It has touched an intraday high of Rs 630.00 and an intraday low of Rs 608.00.

    first published: May 12, 2017 10:31 am

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