As per EWT and if my counts are correct then reliance is in good up trend starts from the wave one 1, 2nd wave was a complex so i had expected zig-zag correction at wave 4, now we are heading towards Wave 5 inner wave (iv) in progress and soon will see wave 5 (v). After the completion of wave 5 we might see a reversal (might be short term) and if it does then we may see a good 100 points fall.. and that will be the good time to go for longs again.... reliance is i top so for my point of we we should avoid longs as market is also not finding his path.. wait and watch will be a good strategy....