Only a few days back I was discussing with my friends about the change in market leadership...There was a time when HUL lead the market sentiment, then there was Infosys and until recently it was Reliance Industries. In the last few month Reliance Industries has been a market laggard.It has greatly underperformed the market and the whole Reliance pack per se has lost its place in the heart of traders.
I think Mukesh heard our conversation :) ...It seemed to have hurt his ego. Reliance Industries was up 4% yesterday and single handedly ensured that Nifty closes at 5200. A feat which seemed unachievable by the market till the last week of Feb.
Above 5200 is a zone of high risk and high reward. Trade with strict stoplosses now that you have stepped on the gas.
Have a great trading day,
Regards,
Rahul T.
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