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
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.