Neppolian Pillai of Modern Shares & Stock Brokers is of the view that Reliance Industries can go upto Rs 2820. It is not expected to move beyond that level, he added. 

Pillai told CNBC-TV18, "Reliance Industries Rs 2,120 was a major support level from there it went up now. But again the stock has already moved roughly about by Rs 600 at around this Rs 2,650 level. It can go up to around Rs 2,820 beyond that I don’t expect that stock to go up. So you have roughly around Rs 150 legroom on the upside on the downside you can buy closer to Rs 2,550 to again build in into the position."