RELIANCE

RELIANCE technical view
RIL bounced exactly from the previous mentioned support at 1800 and now today stopped exactly at the middle of the Bollinger band at 2054, It has also stopped at the 61.8% retracement of the recent fall. Now its further movement will depend on whether it is able to move above this Bollinger resistance, also there is resistance at 2100 which is the upper gap resistance
The support lies at 1965 which is the lower gap support as well as the 10DMA; below this mark the stock is likely to test 1830 which is the lower Bollinger band.

RIL OI DATA
The 2100 calls have massive OI which suggests good amount of call writing there which means RIL will have problem crossing this levels
As far as PUT writing is concerned there is some put writing at 1950 levels but is nothing compared to call writing hence might not lend strong support

So below 1950 the stock will get weak and above 2100 RIL can fire. But looking at the current situation chances of a fall are more.