On April 29, 2026, the Nifty 50 index faced selling pressure, closing down 97 points at 23,995. The index opened lower by 43 points but initially rebounded before a sharp decline post-11 AM, hitting an intraday low of 224 points. The immediate resistance is now at 24,197, while support is seen at 23,800. HDFC Securities recommends buying Oil India stock at ₹497.60 with a target price of ₹530 and a stop loss at ₹480. The stock has shown bullish trends, breaking out from a symmetrical triangle pattern. Additionally, Reliance Industries is recommended at ₹1,393, targeting ₹1,460 with a stop loss at ₹1,350. The stock has formed a bullish Hammer candlestick pattern and has reclaimed its position above key moving averages, indicating positive momentum.