Nifty and Reliance chart shows that a small correction is very much possible on the cards as the pattern shows that reliance is moving up with small volumes and a small intraday weakness in it will lead to a heavy correction.Reliance can touch 2400-2450 levels during intraday itself, which may happen this week itsel.
This week could be a roller coaster one for intraday traders, and infact for everyone.
Reliance closed today at 2617.
Nifty Futures at 5480.
Nifty has a possibility of 5100-5200 levels.
I am giving these levels much in advance, so the possibility of these levels going wrong is also there, please consider this as a view and not a financial advice.
Best of Luck!
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