Wednesday, September 21

Technical Charts:RIL,SBI and Infosys

Reliance the poster buy on Nifty has woken up again yesterday and reason for 100 point jump in market.Volumes are point of concern as with a 4% rise volumes were only 4.21 million. So there was a short covering in futures which induced the rally.
Looking at Daily chart above 854 levels stock will do its breakout from down trending trend line. Failure of the same will lead to stock to sub 800 levels.
Buy above 854 Tgt
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