Reliance has been single-handedly keeping the Indian benchmark afloat with all the fresh investments in Jio Platforms and Reliance Retail Ventures.
Interestingly these deals coincide with the dip in the indices.
But how long can this show go on?
Pharma index looks weak after Friday's close. Out of the index Glenmark is my stock pick which can still go down another 12% from current price. For entries you need to watch out for 3 levels. These will be swing trades so once price reaches the level and fails to breakout from it, you can enter the position. The levels to go short are 327.2, 343, 355 with...