I am posting my levels on Relinfra on request of Ms Deepika Krishnan.
Relinfra looks weak to me on the charts pretty much same like Nifty... I see resistance on this counter around 580 hence a short is recommended around these levels SL 595, target can be 475. Above 595 longs can be initiated SL 575 for targets around 650-680.
On the downside I see the first support at 475 hence a long can be taken SL 455 for targets of 570-75. Below 475 fresh shorts can be initiated SL 490 for targets of 380.
Intraday magic levels for 5th Feb (cash) = 493, 506, 525, 541, 558
Cheers
SH
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