As shown in the chart above 1255-1245 seems to be very important Level. Look for reversal from this point and 1294 likely to be the target. But if the price action breaks this support and goes below the mentioned levels then look for the pull back to the above mentioned levels and short. 1190 seems to be the next support downwards.
Trade active:
Monday very crucial day for reliance if breaks the support then further weakness is expected. Also the current levels are very important levels in the weekly chart also. So watch carefully and look for the opportunity
Comment:
reliance is in the process of breaking the support on the weekly chart...wait for further confirmation
Comment:
After breaking the levels very nice down move