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Once we break 17,290, next Nifty level to watch for is 16,720: Rohit Srivastava
“Reliance is an interesting stock because it has spent the last two, three years in a peculiar trading range. It has not participated on the upside significantly with the market. So it has this whole base close to around 2,300 where it can find support. One would wonder if this bounce was just a counter trend bounce. The multiple supports 2,300 which is a good zone for a longer term reversal for Reliance.