
Indian markets are likely to witness a strong rebound at the opening today as global risk sentiment improves sharply following a dramatic fall in crude oil prices. GIFT Nifty is currently indicating a sharp gap-up opening of nearly 300 points.

Reliance Industries is currently trading near Rs.1424 after a mild recovery, with the stock hovering just above its 20-day moving average (Rs.1418). Traders can consider accumulating the 1500 CE on dips,

The scrip has shown a sharp improvement in short-term momentum, with the stock closing at Rs.196.05. Traders may therefore consider accumulating the stock on dips for a potential move toward the Rs.211–228 zone.

The Indian stock market witnessed a sharp sell-off. From a technical perspective, the index needs to sustain above the crucial resistance level of 24,400 to improve the overall market bias and restore confidence among investors.

Indian markets witnessed heavy selling pressure on Monday, March 9, as the escalating US–Iran conflict continued to unsettle global investors. Bagadia advises traders to remain cautious near key support levels