Tuesday, July 11, 2000
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Ranbaxy to face resistance at Rs 659 

K Seshadri  
Ranbaxy Laboratories will come up against a resistance at Rs 659. The daily stochastic indicator has signalled a sell on Monday. The scrip could come down to Rs 607. The week-end closing on Tuesday for NSE could put the bear pressure on the scrip. Sell it as close as possible to Rs 654 or even Rs 659. You should cover your shorts at Rs 661.

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