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Crude oil price will lift Reliance

Reliance would be the biggest beneficiary of lowest crude prices. with Jio launching 4G in early 2016, expect BUY rating on Reliance by various brokerages. if Reliance closes above 1000 for three consecutive days, it can easily cross 1100 within december. short term traders can go buy on dips reliance.

Our top pick: Reliance industries

Buy zone existed between 990 to 965 add more at every dip .

Your stop loss 920

Targets 1032 1172 1284 ultimate target 1320 ( hold just 2 to 3 months )

 

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