RELIANCE: Follow on today's Price action

Yesterday i said, on short term basis, a bounce cannot be ruled out on Reliance, i guess today was the day RIL Analysis. The stock had fallen sharply.

Attaching intraday chart, showing Reliance Channel movement.

Pivot Points for RIL

Levels	Monthly	Weekly
R2	1237.69	1111.22
R1	1150.59	1059.43
P	1025.86	1032.2
S1	938.76	980.43
S2	814.03	953.22

Watch these levels for support and resistance. Weekly and monthly are stretched, daily would provide good supports for now..

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