Reliance Inds gave a breakout above 1009 and continued with the move even in this environment. ( Disclosure: Advised buying at 1005-1009 and RIL 1020 call at 19-20 levels which we are now booking till 1040-1050)
It needs to be seen how Reliance Inds reacts after touching 1040-1050 levels. As the stock has maintained a broad range of 900-1100 on closing levels.
Tyre Stocks have seen good buying on back of drop in rubber prices. The move may not be lasting so wait for dips. ( Disclosure Buy on Ceat at 100-102)
As per market-men there is a good possibility of smallcaps/midcaps to rise in the end of the month on back of NAV prop up by mutual funds.
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