Reliance rallied last week under expectations of results due this friday aftermarket. It was majorly meeting estimates. Can expect it to lie low before creating new highs. Can short at monday open. Conservative trade to short 1180 ce.
It respected 290 resistance and retraced back. Can expect further retracement till target 1 279
Triangle formation in ashokley with 112 acting as strong support. Demand zone at 112 to 115. Risk averse can short 112.5 PE