Reliance Capital can test Rs 1350-1400: Gujral

Technical Analyst, Ashwani Gujral is of the view that Reliance Capital can test Rs 1350-1400.

Gujral told CNBC-TV18, "Reliance Power seems to have found some sort of bottom and it has not got support at Rs 128, probably can head back upto Rs 177-178 but again this is sort of exit on rally type of a stock."

He further added, "Reliance Capital looks much more durable and that could head upto Rs 1,350-1,400 with support at Rs 1,045."

"RNRL could probably head towards Rs 83 and then Rs 97. RNRL and Reliance Power type stocks should be exited on rallies but people could hold on to Reliance Capital particularly as financials could rally quite a bit from here." 

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