Reliance can go to Rs 1080-1090: Nimbus Wealth Management

In a chat with ET Now, Rohit Shinde, Head Technical Research, Nimbus Wealth Management, shares his views on the outlook of Reliance.

What is the call on Reliance?

Reliance had a very promising move last week. It broke the important resistance of around Rs 1,030 levels and currently it has even gone above Rs 1,050 which was the next resistance. We can easily expect it to go to around Rs 1,080 to Rs 1,090 levels and that would be basically a good move for the markets also on the upside.