RIL nears technical breakout amid Jio IPO buzz: Anand James shares the outlook
Reliance Industries shares are nearing a technical breakout as they surpass their 10-day moving average, driven by interest in the upcoming Jio Platforms IPO. However, resistance at ₹1,220 may limit short-term gains, according to Anand James, Chief Market Strategist at Geojit Investments. Investors should watch for a confirmation of a sustainable uptrend in the Nifty above 23,600.