Hello Friends,
Reliance once known for returns have underperformed the Overall market besides the Nifty and Sensex touched their life time high.
If you can check the Chart of Reliance in July month between 19th to 24th Reliance lost almost 400 rs from its high of 2850 Plus to 2450.
Conclusion - The short which are visible on the chart for the particular dates are huge. We don't often see such selling pressure in Reliance.
Trade - Put of 2200 ( 2200 PE )looks very attractive.
Only 1300 rs capital for one lot.
Reason - Nifty is not able to hold above 19000 for long.
The short between 19 to 24 July are indicating something is happening.
Disclaimer - Registered with SEBI .
Reliance once known for returns have underperformed the Overall market besides the Nifty and Sensex touched their life time high.
If you can check the Chart of Reliance in July month between 19th to 24th Reliance lost almost 400 rs from its high of 2850 Plus to 2450.
Conclusion - The short which are visible on the chart for the particular dates are huge. We don't often see such selling pressure in Reliance.
Trade - Put of 2200 ( 2200 PE )looks very attractive.
Only 1300 rs capital for one lot.
Reason - Nifty is not able to hold above 19000 for long.
The short between 19 to 24 July are indicating something is happening.
Disclaimer - Registered with SEBI .