NIFTY surpises, buck global trend. Reliance to gain on courts order, loss for RNRL

NIFTY(chart attached) did surprise me and quite amazingly bucked the global trend. Also proved wrong the prediction in the last post. However, the global trend is still very week and I want to stick out my neck over a break in the current rally and re-test of the lows closer to 2700.



Reliance (NSE: RIL) should post smart gains post the high court lifting its stay on sale of gas. Big -ve for RNRL.