Reliance Communications has resistance at Rs 620: Mohindar

Rahul Mohindar of Viratechindia is of the view that Reliance Communications the clear short-term resistance on this stock is about Rs 620.

Mohindar told CNBC-TV18, "Reliance Communications, I think the clear short-term resistance on this stock is about Rs 620 and our perspective is that this stock is really going to breakout on a longer-term base and if we can close passed Rs 620-625. I would agree with Gaurang Shah that the short-term does have some pressures on the way up but given the choice within the space, if you are looking at the long-term perspective or even medium-term perspective, Bharti Airtel does attractive me little more Rs 800 being a stoploss I think it’s a definite buy at these levels."