Nifty and Reliance

Key Support-Resistance level of Nifty Future

Ø  If Nifty Future fails to cross 12006 (today’s high) then 1^st support is 11965.45;

Ø  Below this crucial support is 11940.45—11933.65

Ø  Above today’s high vital resistance of Nifty Future is 12127.95.

Reliance Industries:

If stock price of Reliance fail to cross 1574.10 tomorrow, then correction of 140 to 150 points is quite possible.

We were holding the stock from price 1123.75 (Swing Trading)

Yesterday sold half position at 1505, and today book rest long position at 1570.