RELIANCE INDUSTRIES UPDATE

RELIANCE INDUSTRIES UPDATE

RELIANCE INDUSTRIES has fully validated the mid-October bullish view by conquering both the 1470 and 1520 targets, marking a powerful technical achievement. The entire focus now shifts to the immediate requirement for the next phase of the rally: achieving a decisive daily closing price above ₹1520 on a cash basis. This confirmation will serve as the immediate trigger to inject fresh momentum, pushing the stock toward the projected targets of ₹1566 and subsequently ₹1610 in the coming days. The technical structure confirms that the ₹1520 level is the primary short-term launchpad for the next surge, and clearing it decisively is the essential step for RELIANCE to continue its strong upward trend.

NIFTY UPDATE as of NOVEMBER 12th

The NIFTY’s action has perfectly confirmed the view of a market ideally positioned for a record high, with the bounce from the November 7th intraday low strongly suggesting that the 25300-spot level did indeed mark the intended low of the pullback. This swift reversal immediately put the focus back on the upside trajectory toward 26277+. The crucial confirmation step—regaining lost momentum by closing above 25800 on the spot—appears to be accomplishing today, which is a significant technical achievement. If today’s gap higher holds firm, the market’s path becomes simplified, suggesting a virtually straight-away move toward the 26277+ record high is the immediate next objective. This entire move validates the underlying premise: the medium-term trend is exceptionally strong, and the recent weakness was merely a necessary pause, not a reversal. The market is now back in its high-conviction zone, and the anticipation is fully focused on breaching that final high.

NIFTY UPDATE as of NOVEMBER 6th 2025

NIFTY UPDATE as of NOVEMBER 6th 2025

The NIFTY has officially confirmed the pause we expected by breaching the key 25650 support level on the spot, which, while not fundamentally damaging, certainly signals that the easy money phase is over for now. This shift brings the immediate downside focus squarely to the next major spot support at 25300. However, the long-term goal remains firmly intact: the index is still on a clear trajectory towards printing a record high above 26277 in the near future. For those focused on short-term trading, the market’s current lack of directional momentum is likely to continue, creating a “lackluster” environment until one critical level is decisively conquered: 25800. A daily closing basis above 25800 is the non-negotiable trigger required for momentum to flood back into the index, and until that happens, caution is warranted. The good news is that the analysis suggests most of the time-based pressure is almost done, meaning the period of sideways and choppy action may be nearing its end. The entire focus now rests on watching 25800—the level that will determine when the strong technical setup returns and the final push to 26277 begins.

UPDATE on SBI and INDBANK

Market Analysis: Riding the Bullish Wave in PSU Banks

The sheer momentum behind the Public Sector Banks (PSBs) sector is simply phenomenal. The market theme, which was correctly identified as far back as Late August and Mid-September, has translated into an exceptional, high-powered rally. The specific leaders, State Bank of India (SBI) and Indian Bank, have been incredible performers, having already blown past targets and establishing themselves as the absolute frontrunners.
This isn’t just a typical move; the rally is sustained by powerful tailwinds and a compelling structural shift within the sector. The technical charts are simply confirming that the underlying strength is preparing the ground for the next big leg higher, suggesting this explosive story is far from reaching its climax.
The current technical pictures for both stocks are exceptionally compelling:
State Bank of India (SBI): The target of 1000 for SBI is not just a projection—it feels like an inevitable point of magnetic attraction pulling the price higher. Trading in this wide-open, uncharted territory, the stock’s significant volume and sustained breakout power strongly suggest that the psychological 1000 mark will be the next major staging post before the dominant trend continues its powerful upward expansion.
Indian Bank (INDBANK): This one is demonstrating a remarkably aggressive technical setup that signals quick, powerful returns. The expectation for a decisive push toward 900 in the coming weeks is entirely plausible given the stock’s current trajectory. It’s displaying the classic breakout behavior of a strong bull market leader, using its current levels as a high-potential launchpad for a major surge.
In short, the technical landscape for these two banks remains overwhelmingly positive. The best-in-class price performance from these PSB leaders looks set to continue rewarding those who understood the sector’s turning point early.

RELIANCE INDUSTRIES UPDATE

The move in RELIANCE is the single most crucial factor for driving the Nifty to a new all-time high above 26277, making the upcoming results and price action paramount. The key requirement for a significant market-driving breakout rests solely on RIL clearing the critical technical zone between ₹1410 and ₹1420 on a cash basis. A decisive move past this resistance would trigger a powerful bullish breakout, immediately paving the way for potential upside targets of ₹1470 and then ₹1540 in the following sessions. With the company’s Q2 results due post-market tomorrow, the entire market’s focus will be on the outcome and the stock’s subsequent reaction, as a strong performance and breakout would easily facilitate the Nifty’s journey to fresh historical highs in the near future.