Bought Reliance today after spotting the update on the Reliance-Meta AI joint venture. The deal formalises their partnership under Reliance Enterprise Intelligence (REIL), with RIL holding a 70% stake and Meta 30%.
The JV will use Meta’s Llama AI model to build enterprise AI solutions across India, part of Reliance’s bigger push into AI data centers and digital infrastructure.
I wanted to filter for Nifty 50 stocks with high-impact, positive news that came outside market hours over the weekend and that’s how I spotted this story.Based on the news and the volume-backed momentum visible on the charts, I entered a position around ₹1461, looking for continuation toward the next resistance zone.
The stock closed higher at ₹1484- up about 1.5% right now.A classic news-driven trade- positive news, clean structure and good momentum to ride on.
