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ParimalDevnath
Jun 24, 2018 1:46 PM

Reliance Long

RELIANCE INDSNSE

Description

Bears are sitting tight at 1020 Calls -- the highest OI position. So price, though crossed 1035, had to come down below 1020. Bulls will try to defend 960 by writing Puts. Negative divergence has triggered after a steady rise and a couple of recent breakouts. We may see some more correction due to profit booking towards recent breakout level at 996.
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