RELIANCE IS IN WAVE 5... THATS WHY WE ARE SEEING IMPULSIVE MOVEMENT. WE SHOULD WAIT FOR WAVE 5 TO GET COMPLETED. THEN ONLY WE CAN TAKE SHORT TRADE IN IT.
We can not hold BankNifty Future for LongTerm but there is alternate method which many doesnt know. we can steadily gather this in dips & keep for long term holding.