Reliance
It has key resistance at 2100 area as marked in the blue in circles; even in OI data calls have been written at the strike price of 2100 suggesting 2100 to be a fairly good resistance. Support comes in at 1950 which acted as resistance previously, below which the stock will weaken. THE futures again displayed shedding of positions which indicates that while fresh short positions haven’t been created but there is long unwinding happening at around 2050-2100 levels.
No comments:
Post a Comment