It was an oscillatory session on Dalal Street. Indices got down to a miserable start, but small covering assisted them go back a big amount of their losses. But, unenthusiastic persuasions prevailed, and even the late upturn did not have the thrust to facilitate indices appear in the green zone.

The Nifty closed down 71 points lower at 4,108, whilst the Sensex closed shop at 14,141 after losing 217 points.

Technical Analyst Sudarshan Sukhani of Technical Trends is optimistic on Reliance Energy.

He said that Reliance Energy has been a brilliant performer and that situation is going to carry on.

Reliance has backed out and that is perhaps one of the rationalities why the Nifty is wealthier. He said that if there is any barrier; don’t worry it’s a footstep to climb up.