looking bearish on Daily TF chart. if it goes below 420. u can short with strict day High sl. and have a gud target lower side near week or two week. Always trade with gud risk & reward ratio.
Reliance is sideways from 5 trading session. keep an eye on low and high of stock. if breakout happens either side. then we may get good momentum in stock as well as nifty 50.
IT IS At all time high can buy on retracement. near 4380 can best buy . will have gud risk reward ratio.
Be ready to short. near 1012. day high wil be the sl. it may go down in near future. u can trade on intraday basis but that day high will be sl
Today nifty has made bearish candle. tommorow it goes below todays low then selling pressure may come because still buyers are holding there position. short covering will happen also new short seller may come. so be ready for short.