According to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates, if the Nifty sustains above 23,460, a short-term pullback toward 23,800-23,900 is likely. However, resistance is expected near 23,930, where the 200-DSMA is positioned. Falling below 23,460 could lead to further weakness, potentially dragging the index down to the 23,300-23,200 range.
Reliance Q1 results today: Ambani’s triple-engine turnaround targets best quarter in 18 months
Reliance Industries is poised to announce Q1 earnings, with analysts predicting a substantial 15-16% year-on-year EBITDA surge, driven by strong performances across its retail, telecom,