Bank Nifty
Bank Nifty will face litmus test today.200 SMA @9466 High till now is 9455. Bank Nifty was a good short in opening but i was unable to update timely.
Sell below 9721 Tgt 9698 and 9634
Reliance Industries
RIL moved above 100 SMA@792 in morning and made a move till 812 till now.
Intra Players Short around 812-816 Range Keep Sl of 821 Tgt 808,800 and 792
Positional Players wait for 830-840 range to where cluster of trend line are meeting to take positional shorts.