RIL finds support at Rs 945-950: Sharma

Reliance Industries (RIL) should finds support at Rs 945-950, says Jatinder Sharma, Partner, Equity Strategists.

Sharma told CNBC-TV18, "Reliance should find some support around current levels, maybe 1-1.5% below these levels, around Rs 945-950 because if you see the whole structure of Reliance for past two years now, it has moved in this sort of a range." He further added, "Whenever it looked like breaking out it has come back in the range and now whenever it has look like breaking down it has again moved in that range. So right now at the verge of breaking down out of that range so going by the past experience of two years or looking at the charts of last two years it looks like that it should find support somewhere around Rs 945-950 levels."