Rajesh Bhosale turns cautious on RIL, sees short-term weakness continuing

July 21, 2025

Rajesh Bhosale of Angel One suggests a bullish outlook on ICICI and HDFC Bank, anticipating ICICI Bank to lead the momentum. Nifty and Bank Nifty have bounced back from their 50 EMA, with Nifty expected to trade between 24,900 and 25,250. However, Reliance Industries is showing weakness, potentially retesting levels of 1400, advising investors to wait before buying.

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