Reliance is currently at a major support level, what it does here will be of vital importance. A break of this level can take the stock down significantly whereas a bounce from this level can take it back to 2000 levels. The best strategy will be to wait & watch at these levels & position yourself after it breaks or takes support.
L&T is on the verge of giving a break out, It is currently in a triangle pattern with a major support zone at 1340-46. a Downside break can take it to 1300 levels & an upside break can take it to new highs.
L&T is at a confluence of 2 major support, with today's delivery percentage above 50% there is a good chance it is getting ready for a leg up. As long as it holds its support mentioned in the chart it can go to 1380 & 1400 levels.