Not too bullish on Reliance Ind: Rajat Bose

What do you think about Reliance?

Rajat Bose: The problem began in Reliance when it fell below 1028 and 1016 is another level, not just in the current level, I would be watching that level for the day’s closing. If it were to close below even 1016, as of now it is in 3 digits. So 1016 is a far cry, then Reliance has actually reversed its recent uptrend and closing below 1000, would be a cause for concern because then it is very close to testing its support levels around 980 to about 970. So Reliance is a problematic case.