Reliance has support at Rs 1950: Bose

Technical Analyst, Rajat K Bose is of the view that Reliance Industries has support at Rs 1950. Below that next support level is Rs 1980.

Bose told CNBC-TV18, "My level for concern in Reliance would be Rs 1,980 to about Rs 1,950 support area. If this support area gets broken then Rs 1,890 would be the next support level to watch out for but this is a sentiment driver. Reliance closing below Rs 1,980 would actually mean it could be a harbinger of further weakness but if it were not to close below Rs 1,980 and claws back above 2,000 levels then chances are that you might see that there will be some improvement in sentiment."