Rel Capital has support at Rs 500: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that Reliance Capital has support at Rs 500.

Sukhani told CNBC-TV18, "It has broken down from the Rs 1,000 support, so the next support comes at Rs 500. Now I am not making a call that it will reach Rs 500 but this is not a buying opportunity, it is like falling knives, it could at Rs 500 I assume that would certainly be a buying opportunity."

Currently -68.26% below the 52-week high of 2,925.00 Currently 51.96% above the 52-week low of 611.00