Reliance can help Nifty to reach 14655-700
Overstretched Nifty can go up to 14700, due to buying in Midcap stocks. Sharp consolidation is still pending now and can come any time in the coming days.
This time reliance stock started moving up now, so we are expecting that it will help reach to move upward further.
The levels of 14550 and 14655 will act as resistance points. The supports will come in at 14470 and 14400 levels.