- Reliance trades to Nifty.
- Whenever Nifty moves down, it comes to support
- Rel/NF has moved past weekly resistance and is now targeting previous weekly highs 15 to 30% up from here
- Trade - Long Reliance, Short Nifty Equal size, but large size.
- Use this ticker - reliance*2000-nifty_50*250 on TV to track PnL
Comment:
Invalidation is easy, daily close below 13.1, but highly unlikely.
Comment:
This strategy returned 29.74% today! TV ticker - NSE:RELIANCE*2000-NSE:NIFTY*250
Trade closed: target reached