RELIANCE

Entered fresh swing position at 2,740 yesterday after that tight consolidation on the daily chart. That green hydrogen capex update is massive for multiple re-rating, but I'm keeping my stop-loss strictly below 2,695. Any bounce towards 2,820 and I'll book half.

Don't ignore the Jio ARPU reaching ₹195+. The market was modeling only ₹191 for this quarter. Once Jio announces the IPO timeline next year, that value unlocking alone is worth ₹450-500 per RIL share. Core retail margins are also holding steady at 8.4%.

Careful buying call options at 2,800 strike guys. Massive call writing of over 38 lakh contracts visible at 2,800-2,820 zone. It won't let it cross easily in this expiry unless Nifty itself breaks 24,500. Better to play bull call spreads rather than naked calls.

Delivery volume was 58% on NSE today compared to the 10-day average of 41%. Smart institutional hands are quietly absorbing every dip near the 50-day moving average.