TECHNICAL ANALYSIS OF RELIANCE 19 JAN 2016

FUTURE:

"BUY RELIANCE  ABOVE 1050 TGT 1070/1090 "

"SELL RELIANCE BELOW 1035 TGT 1020/990 "

DAILY CHART FOR RELIANCE:

UPCOMING RESULT: RELIANCE INDUSTRIES ON 19 JAN 2016

Shares of Reliance Industries (RIL) dropped 5% at Rs 1,016, falling nearly 7% from intra-day high on the National Stock Exchange (NSE) on profit booking ahead of October-December (Q3FY16) quarter results tomorrow. The stock hit a high of Rs 1,085 in early morning trade fallen to Rs 1,008 on the NSE in late noon deal. A combined 6.49 million shares changed hands on the counter on the NSE and BSE till 03:26 p.m.

MARKET SUMMARY OF 15 JAN 2016

The Sensex and Nifty closed down for the third consecutive session on Monday. The sentiments were under pressure after exports contracted for 13th month in a low in December 2015 as outward shipments shrank 14.75% to $22.2 bn amid a global demand slowdown.
The Sensex opened at 24,401, touched an intra-day high of 24,525 and low of 24,142. It finally ended with a loss of 267 points at 24,188.The Nifty opened at 7,420 hitting a high of 7,464 and low of 7,336.40, before ending with a loss of 87 points at 7,351. Asian stock markets ended on a mixed note. The Shanghai Composite Index ended 0.46% higher at 1,914.48 points; while the CSI 300 Index closed 0.38% higher at 3,130.73 points.