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RELIANCE Share Price Discussion

Reliance Industries Ltd.
Sector: Petroleum
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RELIANCE - 311615
💠💠Reliance Industries Ltd chairman Mukesh Ambani’s audacious plan to home-deliver movies on the day of their release could transform movie-watching and reshape India’s ₹10,000 crore multiplex industry, provided Jio manages to deftly navigate a landscape of producers, exhibitors and top actors, key stakeholders in the entertainment industry.
Shares of multiplex operators plunged on Tuesday, a day after Ambani said premium users of JioFiber, a feature-rich wired broadband service, will get to watch the latest movies on the first day itself. On the BSE, shares of PVR Ltd and Inox Leisure Ltd, India’s largest and second-largest multiplex operators with 800 and 600 screens, respectively, fell more than 4% each. JioFiber will start offering the First Day First Show service from mid-2020.
Regards,
AMIT KONAR
Proprietor
KONAR TRADE TALK ™
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Recent posts in RELIANCE

RELIANCE - chart - 315660
RELIANCE CAN STAY IN BUY WITH SL 1260 ....BELOW 1240 CAN AVOID BUY....IF SUDDEN RAISE MAY PUSH THE STOCK TO NEW LEVEL 1350.... BUT UPSIDE MOMENT LIMITED.
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After end of Q1 earnings season, here are 10 key factors that will keep traders busy this week
Investors will keep a close watch on the progress of the US-China trade talks, movement of crude oil prices and the rupee/dollar
Moneycontrol
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Top 10 stocks that rose or fell in the week
The S&P BSE Midcap index shed 1.31 percent, Smallcap Index was down 0.90 percent and S&P BSE Largecap Index fell 0.59 percent last week.
www.moneycontrol.com
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An evening walk down D-St: Sensex, Nifty end marginally higher; Yes Bank jumps 4%
In sync with Sensex, BSE Midcap and Smallcap indices edged up by 0.10 percent and 0.11 percent up, respectively.
moneycontrol.com
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Fitch Ratings revises RIL outlook to positive
Fitch said the outlook on the local-currency IDR was revised to positive due to RIL’s potential to deleverage further
moneycontrol.com
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Yogesh in RELIANCE
Intraday cash Sell Reliance @1279-80 sl 1286 tg 1167-64

1277 low exited CTC
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