Between September '20 and January '21 Reliance and Nifty were out of sync. Since February '21 Reliance seems to be closely following Nifty chart. What is interesting is that Reliance being the major component of Nifty, Nifty and Reliance in sync. could be a major boost for the Nifty attempting All Time High in the coming weeks. As regards to Reliance, a double bottom has formed at 1830 level, Strong support is at 2050 and then at 2000. Resistance is at 2150 and if it is crossed in short term, it will not stop before 2350, my take.


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