When the rally began to lose steam, Reliance stepped in, in a big way propped up the nifty yesterday.It can be seen as a multiyear breakout. Reliance itself an take nifty beyond 9000 levels,sooner or later.The recommendations are
To be bought only if it crosses 212.
Reliance industries is also on the radar. More than 10% in one day, after mediocre returns over many years.Let us see, how it pans out.