Intraday target Reliance Industry after silver lake deal today

Reliance Industry looks in hurry to ward off it's debt and become debt free by september 20 as after Facebook, Technology US major, silver lake has decided to Invest $ 75 Cr i.e 5655 crores in it's Jio platform retail Business.

Interesting fact is that ,Silver lake is assuming RIL(Reliance Industry Limited), Jio Platform to have Valuation as 4.9 lac crores and they are investing on 12% premium in Jio Platform.

Now in Indian Digital ecosystem , It is to be seen,how along with Whatapp and Facebook , Jio platform will take on Amazon with It's new Business model .

This year only , they are planning to get listed Jio Platforms and Reliance Jio Separately and he doesn't want to take any chances as low in valuation.

Retail investor has to book interval profits on daily basis as market is still not predictable ,hence buying at upper level may again get them caught on higher level.

TODAY"S target for RIL may be 1540

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