>Reliance Industries Elliott Wave Analysis

Reliance Industries Super heavy weight on Nifty and Sensex ,Much depends on this
Stock movement.It can be seen from time to time with similarity in nifty and reliance
chart.

The present structure in Reliance can also be seen in Nifty nice impulsive rises in both.
In reliance it looked like a extension of 3rd wave of the local impulse which started from
1800.
Let me attach a chart which is self explanatory ,The spike we saw in reliance could be the
start of the 5th up of the present local impulse up.This 5th up can find resistance near 2200 and may end there,And commence corrective
abc from there,Would elaborate more as and when it happens.

Regards
Rish
RESEARCH REPORTS