Nifty Reliance UPL

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Yesterday written about the resistance 11877.80 of Nifty Future, Nifty Future made high 11877.30.

Today vital resistance is 11979.50; closing above 12072 Nifty Future may run to touch 12323.25.

From any of resistance level correction of 205 points is quite possible.

Today’s Overview:

Overall trend is Up.

Reliance:  

Vital resistance of Reliance (cash) is 1370/1372.35; fail to cross this level Reliance may start to melt down sharply.

And close below 1334/1332 today may start bleeding.

UPL:

Yesterday this stock sparks heavily. From day’s low 965 it jumps to 1023.

Now today if rally may continue then next hurdle should be 1197.75.