Tech view: Here's how you can make money in RIL, SBI, Maruti and Axis Bank

Currently, Rs 1,300 stands as immediate support for Reliance Industries stock, subsequently followed by Rs 1,260 level.

The upward rising trend line on Nifty50 chart showed resistance around 11,550. It witnessed minor sell-off, before strongly reversing towards 11,500 level yesterday. A jump of 129 points or 1.14 per cent has brought back the positive sentiment.

The index has risen tremendously in the last ten sessions, advancing more than 5 per cent holding high optimism. All the leading technical indicators RSI (Relative Strength Index), MACD (moving average convergence and divergence) and Stochastic are supportive of the up move, trading away from overbought territory.

As of now, the trend remains upward as Nifty50 is witnessing buying on corrective moves.