₹16,000 profit possible with this F&O strategy on RIL
The outlook remains positive for Reliance Industries Limited (2,094.8), which is ruling at a crucial level. The RIL stock finds an immediate resistance at 2,192 and the next one at 2,296. A conclusive close above the latter will trigger a fresh rally that can help the stock register a new peak. If the current trend sustains, RIL has the potential to breach 2,650. On the other hand, the immediate support at 1,952 and a conclusive close below 1,825 will change the current positive outlook.
F&O pointers:…
