2. However if stock breaches below Rs 1165 than it can fall to the level of Rs 1150 and if this level is also broken than the stock can fall to the level of Rs 1100.
3. Presently Infosys as per the charts is suggesting a movement in a band between Rs 1,260 or Rs 1,320 over a period of medium term.
4. Reliance is showing bearish signs due to RIL-RPL merger and its short term trend will turn positive only once the level of Rs 1200 is broke. Beyond 1200 level; 1250 and 1300 levels will act as resistances.
5. As a short term strategy for RIL one can short this stock if it falls below the level of Rs 1117 for targets of Rs 1108 and if 1100 is broken than one can see the level of RS 1070.