While updating NiftyFuture were trading @ 11415. Marked a high of 11434.75 and low of 11331.35
Reliance jumped almost 6% to hit fresh life time high
Market capitalisation of Reliance is over 14 lakh crore as of now and India’s largest company (TCS is second with Rs 8.9 lakh crore)
Reliance is contributed 90 points to Nifty and overall nifty gain now 130 points
(Today Reliance if not contribute to index….. Maybe NF trade around 11300-11330)
Now, NiftyFuture is facing a intraday resistance at 11430-11460
Above resistance are crucial for next 3 hrs……… but Reliance rally if continues NF maybe hit 11450 around.
NF considering a supports 11375 (2 hrs support) and 11340 (3 hrs support)
If trades below 11340…….. Expecting some weakness up to 11280
Don’t short at very lower levels!!
Updated : 12.36 pm / 10th Sept 2020
