RELIANCE has been doing quite well despite the markets remaining negative. One of the primary reason has been the Jio-Facebook deal.The Jio deal will help reduce RIL’s debt burden while for Facebook it gets a firm foothold in a fast-growing huge market.

On the charts it looks like its heading into an important cluster zone. Prices could halt at this zone around 1250-1270 making it a good selling opportunity.



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