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Reliance Infrastructure Limited (RELINFRA)
RELINFRA has been trading in downtrend and attracts noticeable selling pressure on every rise. It rebounded marginally of late but couldn’t surpass the hurdle at 147 and gradually drifting lower. We advise using any bounce to create shorts in the given range.
SELL MAY FUTS Reliance Infrastructure Ltd @ 121-123 Stop Loss 127 Target 110 CMP 118.25
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