Reliance Industires can trip to Rs 1970: Nirmal Bang

MUMBAI: Nirmal Bang is of the view that Reliance Industries has a strong support at Rs 2039. If this support is broken then traders should sell the stock as it may fall to Rs 1970 levels.

���Reliance Industries has turned negative and has closed below its 50-day moving average of Rs 2,080. It has strong support at Rs 2,039. If this breaks then SELL as a huge selloff can take it down to Rs 1,970. One may see buying may emerge at these levels. The 200-day EMA/DMA is placed at Rs 1,927 / 1,790,��� the report said.