Analysis - June 9, 2020

Reliance Industries

Profit booking continued in Reliance - made a low of 1535.

Will we see a reversal tomorrow to form a handle ?

Intraday Levels for June 9, 2020, if sustain:

Buy Above:
1535 - Target 1550/1570
1514 - Target 1535

Sell Below:
1535 - Target 1514

Bharti Airtel

Bharti opened @ 580 and gave a good push to reach 590

It was unable to break the 590 levels and started falling

It fell from 590 to 566 well below the important '572' level (B Point of XABCD)

Going forward, 590 will be a good resistance zone; 558/549 are important support levels

Intraday Levels for June 9, 2020, if sustain:

Buy above:

566 - Target 572/580

550 - Target 566/572

Sell below:

566 - Target 558/549

572 - Target 566

LIC Housing Finance

LICHSGFIN opened and hit the channel top and then retraced with a free fall

Intraday Levels for June 9, 2020, if sustain:

Buy above

253 - Target 260, 266

Sell below

260 - Target 253
253 - Target 243/236