Above Rs 2120 expect further upswing in RIL: Bose

Technical Analyst, Rajat K Bose is of the view that above Rs 2120 one can expect further upswing in Reliance Industries.

Bose told CNBC-TV18, "Yesterday in Reliance Industries who sold at Rs 2,120, maybe some people have got the opportunity to sell and some people may not have got that opportunity and so they would come in as sellers. Probably they will, so there is a 60 point rally possible in this and if 2,120 is decisively crossed then maybe Reliance show further upswing. But Rs 2,120 has been broken after a fairly long period of time. I do not expect that level to be crossed in a hurry."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.