Today Nifty 50 reclaims its 9300 levels, but Reliance facing resistance issues at 1370-80 levels, If the stock does not break this level in short period than I think this is the level that you should short it.
Also, Reliance Q4 results are yet to come and fresh news coming in that,
1) Reliance's March oil imports down 8.3% year-on-year - trade
2) Reliance's Jamnagar refinery cuts crude processing by 24% as demand slumps
as Reliance's main income is from OIL and Refineries you should not avoid these points even if the JIO-Facebook deal signed.
Hope this will help. Have a safe Trade/Invest.
Please Like, Comment, and Share so that others can also get the benefit.
Also, Reliance Q4 results are yet to come and fresh news coming in that,
1) Reliance's March oil imports down 8.3% year-on-year - trade
2) Reliance's Jamnagar refinery cuts crude processing by 24% as demand slumps
as Reliance's main income is from OIL and Refineries you should not avoid these points even if the JIO-Facebook deal signed.
Hope this will help. Have a safe Trade/Invest.
Please Like, Comment, and Share so that others can also get the benefit.