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Reliance Indutries Limited
CMP:- Rs.1,897 Target:- Rs.2,305
Indian shares ended a volatile session lower on Saturday to extend losses for the third day running. Finance Minister Nirmala Sitharaman’s second Budget failed to lift market sentiment. Nifty index dropped 300.25 points, to 11661.85.
Nifty managed to hold Nifty above 200 DMA which was support. It seems bears hold a strong stance in the market which may result in further downside in the near future. However, Index has corrected more then 750 points from top in just two weeks. So, small pullback can not e rules out.