Reliance did not cross 995-1000 zone -upside, it went close to 998 so, likely if we get a chance of selling close in the zone 890-895 with strict stops above 1000- we can look for targets 865-870. It is suggesting that smaller b-wave is still not done & can look for the zones 965-970 atleast till 1000 mark is protected.
There is a typing mistake - selling zone mentioned above should be 990-995 instead of 890-895.
Someone selling Reliance -falls sharply from 985's but be careful to book profits if taken short as post b-wave --likely c- wave should start upside
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ