2. Presently the charts in respect of Reliance is looking weak and thus one needs to watch the stock breaking Rs 1,949 level on the downside and as a result of FII jumping into selling of the stock as they hold 12.5% Reliance stock and thus pressure will be observed on Nifty and as a net result Nifty can fall to 3851 levels.
3. Thus as a thumb rule one must keep an eye on the trend of Reliance industries to get to know the exact pulse of the market.
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