RELIANCE "FACING RESISTANCE @ 1200 AND @1220"

RELIANCE IND (CMP: 1184.35)

TECHNICAL OUTLOOK:
>Breakout on volume front i.e. huge volume generated as compared to last two months avg volume
>Breakout on DPO
>Breakout on RSI

MARKET OUTLOOK:
>Buy it above 1190
>Target (Buy Side): 1200>>1220

>Sell it below 1150
>Target (Sell Side): 1130>>1115

FUTURES FRONT:
> For JAN’19 contract an expiry is expected between 1200 and 1220
(IF POSITIVE BIASNESS IS MAINTAINED)

Trade closed: target reached