Index Heavy Weight RIL,SBI and Infosys techincal levels to trade

Nifty gave a 200 point fall and today also opening will be a gap down of 60 points looking at Asian screen which are down between 2-5%. Its a Global Sell off and today we would be breaking 4900 range which have been defended from past 16 days.
Watch out for 4839 on Nifty Spot below it more pain will come.
I am covering 3 Index Stocks having weight age of 13,9,7% in Nifty.

Reliance Industries

RIL took support at its downward trend line. Break of the same will lead to 720 odd levels.
6% fall in single day that also in main index component gives the severity of situation and panic selling which is surrounding market participants.
Stochastic on Daily charts have given a fresh sell.

Sell below 780 Tgt..

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